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Category: Industry Events

ASA distributors report sales increase in October

ASA’s monthly sales report shows October 2021 results that reflect another month of robust performance compared to the same month a year ago. Year-to-date and trailing-twelve-month figures remained strong when compared against 2020, a year that had multiple weeks, if not months of closures or partial closures.

November M&A Roundup: Brady IFS, Graybar, US LBM Ink Multiple Deals

November M&A Roundup: Brady IFS, Graybar, US LBM Ink Multiple Deals

November 2021 was a busy month on the M&A front for multiple companies, including Brady IFS, Graybar and US LBM, all of which struck more than one deal during the month. The M&A activity continued an upward trend from October, as well as this year’s third quarter. (See MDM’s 3Q 2021 M&A report for a […]

Platform Raises $16M to ‘Enhance’ Ordering

Platform Raises $16M to ‘Enhance’ Ordering

Pepper, an e-commerce platform for food distributors, has raised $16 million in Series A funding to “enhance the ordering experience” for distributors serving more than 25,000 restaurants and grocery stores in the U.S. and Canada, the company announced. Index Ventures led the round of funding, with participation from Greylock, Imaginary Ventures, BoxGroup, Moving Capital and […]

AllPoints Partners With Dormont

AllPoints Partners With Dormont

AllPoints, a Mt. Prospect, Illinois-based foodservice parts and supplies provider, has agreed to a master distributor relationship with Dormont, a manufacturer of stainless-steel gas connectors with its U.S. office in Export, Pennsylvania. AllPoints will take a “strong inventory position” of Dormont products, with a goal of improved Dormont fulfillment in an effort to reduce supply […]

Crescent CEO Named Leader to Watch

Crescent CEO Named Leader to Watch

Scott Teerlinck, president and CEO of East Dubuque, Illinois-based Crescent Electric Supply has been named a “CEO to Watch” by Family Business Magazine. Teerlinck is the second non-family-member CEO of Crescent, which was founded more than 100 years ago. He joined the company in May 2020. “Scott has brought a fresh perspective and a sense […]

Chris Fasano: The value of our industry's trade association continues to amaze

As another year comes to a close, I cannot help but to look back and reflect on how resilient and successful our association was during another year of disruption. For a second straight year, our world struggled with a worldwide pandemic and unprecedented supply chain disruption. But one thing remains constant. Our association and our […]

Earnest Machine, Gustave A. Larson Embrace Sales Team Restructure

Earnest Machine, Gustave A. Larson Embrace Sales Team Restructure

To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password? The post Earnest Machine, Gustave A. Larson Embrace Sales Team Restructure appeared first on Modern Distribution Management.

Forbes: WESCO Among Best Employers

Forbes: WESCO Among Best Employers

Forbes Magazine says Pittsburgh-based WESCO International Inc. is among the World’s Best Employers and one of America’s Best Employers for Women. The awards were presented by Forbes and Statista Inc., a statistics portal and industry ranking provider. The awards were selected based on independent surveys of 150,000 full-time and part-time workers from 58 countries around […]

Interfor to Acquire EACOM

Interfor to Acquire EACOM

Interfor Corporation — a British Columbia-based, growth-oriented forest products company with operations in Canada and the U.S. — has reached an agreement with an affiliate of Kelso & Company to acquire 100% of the equity interests of EACOM Timber Corporation. EACOM is based in Quebec. The purchase price was more than $383 million (C$490 million) […]

Deere Fiscal 4Q Improves

Deere Fiscal 4Q Improves

Moline, Illinois-based Deere & Company reported net income of $1.283 billion for the fiscal fourth quarter of 2021, compared with net income of $757 million for the quarter ending Nov. 1, 2020. For fiscal year 2021, net income attributable to Deere & Company was $5.963 billion, or $18.99 per share, compared with $2.751 billion, or […]

Synergy Group Nets Green Award

Synergy Group Nets Green Award

Synergy Group, a Singapore-based ship manager, earned the first Green Award certificate given to a container ship, the company said. The company earned the certificate for its Cap San Maleas vessel, a seven-year-old, 131,095 dead-weight tonnage ship. Surveyors for the Green Award, an organization based in the Netherlands, awarded Synergy Group the certificate after performing […]