HVAC vendor Bluon announced Thursday that it has acquired XREF Publishing Company, which is a provider of replacement part and cross reference part information that’s used by HVAC distributors in the U.S. Financial terms of the transaction weren’t available. XREF is a brand-agnostic, cross reference engine for distributors. It enables them to identify what replacement […]
Category: Operations
Core & Main to Acquire CES Industrial Piping
Core & Main Inc. (NYSE: CNM), a St. Louis-based distributor of water, sewer and fire protection products, announced Wednesday that it has agreed to acquire CES Industrial Piping Supply, a Kansas City-based, full-service provider of HDPE (high-density polyethylene) products and services. Financial terms were not disclosed. “A full-service provider like CES Industrial Piping aligns with […]
Core & Main to Acquire CES Industrial Piping
Core & Main Inc. (NYSE: CNM), a St. Louis-based distributor of water, sewer and fire protection products, announced Wednesday that it has agreed to acquire CES Industrial Piping Supply, a Kansas City-based, full-service provider of HDPE (high-density polyethylene) products and services. Financial terms were not disclosed. “A full-service provider like CES Industrial Piping aligns with […]
Buckeye Industrial Supply Acquires Ray Industrial
Columbus, Ohio-based Buckeye Industrial Supply Co. (BIS), has acquired Ray Industrial Products, Inc. (RIPI), which is a distributor based in Van Wert, Ohio. Financial terms of the deal weren’t available. Buckeye Industrial Supply will keep the RIPI name at the Van Wert location and Gary Rager will continue to serve as the branch customer service […]
DSG to Open Another Facility in Minnesota
Dakota Supply Group, Plymouth, Minnesota, this week announced plans to open a new branch in Burnsville, Minnesota, in March 2022. It will be DSG’s 13th location in Minnesota and its 46th across six states. The new facility, which will be located at 250 River Ridge Circle North, will service the plumbing, HVAC and electrical needs […]
FleetPride Buys Chattanooga-based Truck Service Company
FleetPride, Inc., Irving, Texas, has struck a deal to buy the assets of Truck Service Company, Inc. Financial terms of the acquisition weren’t disclosed. Chattanooga, Tennessee-based Truck Service Company, which was founded in 1989, provides repair and service work for drivers and fleets across southern Tennessee and northern Georgia. Truck Service Company was founded by Jerry […]
ABC Supply Opens Location in Maryland
Building materials distributor ABC Supply Co. Inc., Beloit, Wisconsin, opened a new location in Centreville, Maryland. Ryan Laverdiere manages the new branch. He began his career at ABC Supply in 2018 at the company’s Cheverly, Maryland, location. He enrolled in ABC Supply’s branch management training program in 2020. “While Centreville is our 15th location in Maryland, it’s […]
Bunzl Acquires U.S.-Based Safety Distributor
Bunzl PLC on Tuesday announced it has acquired McCue Corp., a Boston-based safety business and a medical supplies distributor with operations in Australia and Singapore. Financial terms of the deal, which closed in “early September,” weren’t disclosed. The addition of McCue “provides Bunzl with a strong position in this fast-growing market segment,” the company said. […]
Core & Main’s 2Q Sales Increase by 35.7%
Core & Main LP, which is based in St. Louis, on Tuesday reported second-quarter sales of $1.2 billion, up 35.7% compared to the year-ago quarter. Net income for the three months ended Aug. 1 decreased 47.5% compared the prior year period. “Core & Main delivered exceptionally strong performance in the second quarter, achieving record net […]
Core & Main’s 2Q Sales Increase by 35.7%
Core & Main LP, which is based in St. Louis, on Tuesday reported second-quarter sales of $1.2 billion, up 35.7% compared to the year-ago quarter. Net income for the three months ended Aug. 1 decreased 47.5% compared the prior year period. “Core & Main delivered exceptionally strong performance in the second quarter, achieving record net […]
84 Lumber Reopens Indiana Store after 2020 Fire
Building materials distributor 84 Lumber announced on Tuesday that it has officially re-opened its rebuilt Greenwood, Indiana store after the original building caught fire more than year ago. 84 Lumber has been in the Greenwood community since 1970 and serves the Greater Indianapolis area. The Greenwood store currently employs 34 associates and the company expects […]
Paragon Innovations is Acquired by TTI’s Exponential Technology Group
Paragon Innovations, a privately held engineering design services company based in Richardson, Texas has been acquired by TTI’s Exponential Technology Group (XTG). The deal gives Paragon, which was founded in 1990, the opportunity to partner with specialty electronic components distributors and design services. It will also strengthen Paragon’s ability to provide services under one corporation. […]
AGCO Buys Faromatics to Bring ‘ChickenBoy’ Under its Roof
Farm equipment manufacturer and distributor AGCO (NYSE: AGCO, based in Duluth, Georgia, has bought Farm Robotics and Automation S.L (Faromatics), which is a “smart” livestock farming company. Terms of Monday’s deal weren’t disclosed. Faromatics, which was founded in 2016, is the creator of ChickenBoy, which is a ceiling-suspended robot that monitors broiler chickens and helps […]
How Distributors are Handling COVID-19-Driven Operational Shifts
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 sales environment is upbeat, with most verticals seeing growth for now into next year. • M&A has accelerated, and consolidation should continue to alter wholesale distribution well after the […]
Builders FirstSource Acquires Apollo Software Assets
Builders FirstSource Inc. (Nasdaq: BLDR), Dallas, on Thursday announced it has acquired Apollo software assets from construction technology startup Katerra for $4.5 million. According to BLDR, the Apollo platform “provides design collaboration and workflow, construction budgeting and scheduling, and field task assignment with mobile functionality. The acquisition aligns with Builders FirstSource’s digital strategy to address […]
Optimas Moves Mexico DC to California
Fasteners distributor and manufacturer Optimas Solutions, Wood Dale, Illinois, announced on Thursday that it has moved a distribution center in Mexico to a 32,400-square-foot facility in the Monterrey, Calif. suburb of Apodaca Optimas said it made the move to be closer to customers, suppliers and employees and to support the economic growth in the region. […]
Autonomous Trucking May Break Supply Chain Shackles
The trucking industry was shorthanded before the pandemic. In the past 18 months, the dearth of drivers has only worsened. Autonomous trucking could serve as a means to remove one of the weakest links in supply chains, according to a recent MDM webcast. Self-driving trucks create operational and economic benefits for distributors, such as longer […]
Envoy Solutions to Acquire Penn Jersey Paper
Envoy Solutions — the Glenview, Illinois-based holding company that owns and operates North American, WAXIE Sanitary Supply, SWPlus, Southeastern Paper Group and Daycon Products Co. — on Wednesday announced it has agreed to acquired Penn Jersey Paper Co., Philadelphia. Financial terms of the deal weren’t disclosed. PJP is a nearly 60- year-old company with a […]
L&W Supply Merges Two Florida Facilities into New Branch
L&W Supply Corp., Chicago, recently announced it has consolidated the company’s Englewood and Punta Gorda locations into a new facility serving Port Charlotte, Florida. L&W created the new branch to better serve its customers in the greater Port Charlotte area. Located at 10852 Peace River Street, Arcadia, the new branch is now open to the […]
Advent International Strikes a $1 Billion Deal to Sell Distribution International
Private equity firm Advent International announced on Wednesday that it has entered into an agreement to sell Distribution International Inc. (DI) to TopBuild Corp. (NYSE:BLD) in an all-cash transaction valued at $1 billion. TopBuild, an installer and distributor of insulation and building material products to the U.S. construction industry, expects to fund the acquisition using […]
