Last month during the 2021 Virtual AD Supplier Summit Industrial & Safety – Canada Division, AD Canada launched its Women in Industry Network, which is aimed at “fostering the empowerment and development of women in underrepresented industries within AD Canada’s divisions.” AD Canada says the initiative is open to everyone from AD’s member and supplier […]
Category: Operations
Ferguson Fiscal 1Q Sales Up 26.6%
Ferguson PLC, (NYSE: FERG), based in Wokingham, United Kingdom reported 2022 fiscal first-quarter net sales of more than $6.8 billion, a 26.6% increase over the company’s fiscal 1Q in 2021. Ferguson’s operating profit was $739 million, a 64.2% increase over fiscal 1Q in 2021. Earnings per diluted share were 71.4% higher than 1Q in the […]
Sysco Acquiring Coastal Companies
Foodservice distributor Sysco Corp. (NYSE: SYY) of Houston said it has an agreement to acquire The Coastal Companies, a fresh produce distributor and value-added processer, from Continental Grain Company. Financial details were not announced. The agreement is subject to regulatory approval and other customary closing conditions. Once the deal closes, the acquisition will operate as […]
Cook & Boardman Acquires Bass Security
Winston-Salem, North Carolina-based commercial door distributor Cook & Boardman Group has acquired Bedford Heights, Ohio-based Bass Security Services, Inc. Financial terms of the acquisition were not disclosed. Bass Security provides custom closed-circuit TV and burglar/fire alarm security integration solutions, locksmith and hardware break/fix services. The company also serves loss prevention, facilities management and new construction […]
Cardinal and Zipline Strike Delivery Deal
Cardinal Health (NYSE: CAH), Dublin, Ohio, recently announced it has agreed to partner with instant logistics company Zipline to offer autonomous, on-demand aircraft delivery to pharmacies. Zipline says it designs, manufactures and operates “the world’s largest automated on-demand delivery service, which to date has made more than 200,000 commercial deliveries.” Cardinal Health, a global manufacturer […]
AMETEK Announces Leadership Changes
Berwyn, Pennsylvania-based manufacturer AMETEK (NYSE: AME) has appointed two new vice presidents/general managers, while a veteran senior VP announced his retirement. Dr. Christoph Maetzig is the new vice president and general manager of AMETEK’s Ultra Precision Technologies division, the company said. In his role, Maetzig replaces Bruce Wilson, who announced his intention to retire after […]
3 Practices that Prevent Healthy Pricing in Distribution — and How to Fix Them
With the economy in flux, pricing, volatility and cost are all major factors that impact distributor profitability. However, distributors can find ways to maintain profitability despite these challenges. Over the past 18 months, many companies focused on meeting customer demand and managing profitability through targeted cost savings. Pricing remained an afterthought as they focused on […]
Ace Opens Store in Mexico
Ace Hardware International Holdings, Ltd. opened its first store in Monterrey, Mexico in late October, and the company plans to open 13 additional stores by the end of next year. The store is the first under Ace’s new “turnkey franchise model” announced in 2020. The company now operates in approximately 70 countries and has opened […]
PIP Acquires Bisley Workwear
Latham, New York-based personal protective equipment company Protective Industrial Products, Inc. has acquired Bisley Workwear, a provider of work and safety wear based near Sydney, Australia. PIP — a leader in hand protection and PPE for the industrial, construction, mining and retail markets — announced Friday it had signed an agreement to acquire DJG Corporation […]
SBP Holdings Acquires Watts
SBP Holdings acquired Watts Steam Store, a sales and repair provider for hydraulic products, and its subsidiaries. Financial terms were not announced. SBP Holdings provides “mission-critical” components, inspections, testing services, repairs and specialized rental activities in North America. Watts Steam Store, which opened in 2004 under owners Tracy and Stanley Watts, is expected to operate […]
White Cap Acquires Ram Tool
White Cap Supply Holdings, LLC of Atlanta announced this week it has finalized an agreement to acquire Birmingham, Alabama based Ram Tool Construction Supply Co., LLC. Financial terms were not disclosed. This now-combined business will be led by White Cap CEO John Stegeman and White Cap President Alan Sollenberger. Ram Tool President Page Naftel also […]
Beacon Sells Off Solar Products
Herndon, Virginia-based roofing material and building products distributor Beacon (Nasdaq: BECN) has sold its solar products business to BayWa r.e., a renewable energy developer, service supplier and systems provider. Beacon’s solar business features four dedicated and six shared branch locations, where the company distributes solar products to residential and commercial contractors. The business was part […]
What the Infrastructure Bill Means for Distributors
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Southwire Acquires OBI
Carrollton, Georgia-based Southwire Company, LLC has acquired OBI Partners Inc., an Alpharetta, Georgia-based digital solutions provider focused on electric utilities. Financial terms were not announced. Southwire said the deal supports the company’s growth strategy and strengthens its commitment to remain “generationally sustainable.” “The marketplace is demanding intelligent solutions to their electrical distribution needs, and through […]
McNaughton-McKay Closes Caniff Acquisition
Madison Heights, Michigan-based electrical product distributor McNaughton-McKay Electric Company has finalized its acquisition of Caniff Electric Supply, an independent electrical distributor of construction products in southeast Michigan. McNaughton-McKay announced in August it had reached an agreement in principle to acquire Caniff. Financial terms were not disclosed. “We are excited to complete the acquisition of Caniff […]
AMETEK Acquires Alphasense
Berwyn, Pennsylvania-based manufacturer AMETEK acquired Alphasense, a provider of gas and particulate sensors for use in environmental, health, safety and air quality applications. Financial terms were not disclosed. “We are excited to welcome Alphasense to AMETEK,” said David A. Zapico, AMETEK chairman and CEO. “Alphasense is an excellent acquisition for AMETEK and a highly complementary […]
US LBM Acquires Pro. Builders Supply
US LBM, a building materials distributor based in Buffalo Grove, Illinois, acquired Professional Builders Supply, a “top supplier” of building materials to local, regional and national custom and production builders in North Carolina and South Carolina, US LBM announced. Professional Builders Supply operates 12 locations, where it sells, installs and distributes residential and commercial building […]
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
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, 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 […]
