Private equity firm Center Rock Capital Partners LP announced that LINC Systems, its industrial fastener and packaging distribution platform, has acquired Salt Lake City-based Air-O Fasteners. Financial terms of the deal weren’t disclosed. Family owned and operated since 1978, Air-O Fasteners is a distributor of fastening equipment and consumable products serving the construction and general […]
Category: Operations
We’re Changing Our Operating System to Improve
Our team is taking some lessons to heart through the disruption, challenges and opportunities the past 18 months have presented to each of us. And we see a lot of opportunity to improve what we do and how we do it going forward, just as we’ve reported in the pages of MDM Premium of how […]
Commentary: We’re Changing Our Operating System to Improve
To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password? Our team is taking some lessons to heart through the disruption, challenges and opportunities the past 18 months have presented to each of us. And we see a lot of opportunity to […]
Will a Resurgent Pandemic Rekindle PPE Sales in Distribution?
To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password? • As companies built up personal protection equipment inventory, people learned to live with the new reality and demand softened, PPE shrank as an overall percentage of revenue. • With COVID-19 […]
Search for Supply Chain Relief Continues
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 price of containers is throwing a wrench into supply chain logistics. • Some manufacturers have been unable to keep up with the increased demand by distributors because their suppliers […]
Webco Industries’ Sales Up 63% in 4Q
Webco Industries Inc. (OTC: WEBC), Sand Springs, OK, reported sales for the fiscal fourth quarter of 145.5 million, a 63.3% increase year-over-year. In the fourth quarter, Webco had net income of $13.4 million, or $15.41 per diluted share, compared to a $1.1 million, or a loss of $1.35 per diluted share, a year ago. For fiscal […]
U.S. and Canadian Lumber Prices Spike in 2Q
U.S. lumber prices reached unprecedented highs in the second quarter of this year, according to Wood Resources International. The costs for 2×4 framing pine lumber in the U.S. South averaged almost $800 calculating cubic meters (m3) in May, up from $210/m3 as recent as February 2020 and nearly four times as much as the 20-year average price for southern yellow […]
Report: Amazon Business to Hit $59B in U.S. Product Sales by 2025
Amazon Business is poised to more than double its U.S. product sales from this year to 2025 to top $59 billion by 2025, according to a report. According to eMarketer, Amazon Busines will grow its U.S. product sales by 43.5% year-over-year to reach $27.6 billion this year. Seattle-based Amazon doesn’t breakout Amazon Business’ revenue and […]
DXP Enterprises Completes Acquisition of Premier Water
MRO and industrial distributor DXP Enterprises Inc. (NASDAQ: DXPE), Houston, announced the completion of its acquisition of Premier Water, which is a distributor and provider of products and services that serves the water and wastewater treatment markets in North Carolina and South Carolina. Financial terms of the deal weren’t disclosed. Founded in 2005, Premier is headquartered […]
Parts Town Launches E-Commerce Marketplace
Parts Town has taken the wraps off of a new e-commerce marketplace to provide customers access to a one-stop shopping experience for its OEM foodservice replacement parts as well as products across a variety of new categories. By creating the marketplace, Parts Town is providing an online shopping experience for its customers instead of them […]
Amazon Opens First Fulfillment Center in North Dakota
Amazon.com Inc. (NASDAQ: AMZN), Seattle, Washington, this week announced plans to open a more than 1 million-square-foot fulfillment center in Fargo, North Dakota. The facility, which opened Sunday and is the largest structure in North Dakota by square footage, will create more than 1,000 new, full-time jobs. “We are excited to have this fulfillment center […]
ABC Supply Opens Location in Utah
Building materials distributor ABC Supply Co. Inc., Beloit, Wisconsin, on Tuesday announced it has opened a new location in St. George, Utah. Daniel (DJ) Cunningham is managing the new location, located at 982 E. Factory Dr. in St. George. Cunningham began his career in the industry in 2015 and joined ABC Supply’s Murray, Utah, location in 2018 […]
MiddleGround Capital Acquires Arrow Tru-Line
Lexington-based MiddleGround Capital, which is private equity firm that invests in North American middle market B2B industrial and specialty distribution companies, announced Tuesday that it has acquired Arrow Tru-Line, Inc. Financial terms of the acquisition weren’t disclosed. MiddleGround Capital has been looking to invest in the building products sector for some time Arrow Tru-Line, which […]
Midwest Building Supply Distributor Famous Enterprises Discloses Data Breach
Akron-based Famous Enterprises, Inc. said on Friday that it recently began mailing letters to individuals whose information may have been compromised in a data security incident. Famous, which is a manufacturer and distributor of HVAC, plumbing, industrial and building products, said its computer systems were infected with malware on March 25 that encrypted data on […]
Olympic Steel Sells-Off Detroit Assets and Operations for $58.4M
Cleveland-based Olympic Steel Inc. (Nasdaq: ZEUS) recently announced the sale of substantially all of the company’s Detroit assets and operations to Venture Steel Inc. The sale price, which exceeded the book value of the net assets sold, was $58.4 million in cash, subject to a future working capital adjustment, which is expected to increase the […]
Olympic Steel Sells Off Detroit Assets and Operations for $58.4M
Cleveland-based Olympic Steel Inc. (Nasdaq: ZEUS) recently announced the sale of substantially all of the company’s Detroit assets and operations to Venture Steel Inc. The sale price, which exceeded the book value of the net assets sold, was $58.4 million in cash, subject to a future working capital adjustment, which is expected to increase the […]
JIS Distribution Buys Erie Tool & Supply Co.
Cleveland-based JIS Distribution LLC. announced it has acquired the principal assets of Erie Tool & Supply Co. Erie Tool & Supply Co., which is headquartered in Toledo, Ohio. Erie Tool & Supply has served northwest Ohio and southeastern Michigan industrial customers for over 85 years. Financial terms of the deal weren’t available. Erie Tool & […]
JIS Distribution Buys Erie Tool & Supply Co.
Cleveland-based JIS Distribution LLC. announced it has acquired the principal assets of Erie Tool & Supply Co. Erie Tool & Supply Co., which is headquartered in Toledo, Ohio. Erie Tool & Supply has served northwest Ohio and southeastern Michigan industrial customers for over 85 years. Financial terms of the deal weren’t available. Erie Tool & […]
JIS Distribution Buys Erie Tool & Supply Co.
Cleveland-based JIS Distribution LLC. announced it has acquired the principal assets of Erie Tool & Supply Co. Erie Tool & Supply Co., which is headquartered in Toledo, Ohio. Erie Tool & Supply has served northwest Ohio and southeastern Michigan industrial customers for over 85 years. Financial terms of the deal weren’t available. Erie Tool & […]
ABC Supply Opens Location in Oregon
Building materials distributor ABC Supply Co. Inc., Beloit, Wisconsin, on Thursday announced it has opened a new location in Redmond, Oregon. Ari Nieves, who joined ABC Supply as a manager candidate trainee in 2020, will manage the new location. He began his career in the industry in 2013 as a roof loader before taking on […]
