Category: Uncategorized

When I was younger, I used to think sleep was optional.

Fastenal Co. (Nasdaq: FAST), Winona, Minnesota, reported sales of $1.28 billion for the fourth quarter of 2019, a 3.7% increase over the same period in 2018. The distributor reported net earnings of $178.7 million, a 5.9% increase over the year-ago period. For the full year, Fastenal reported sales of $5.3 billion, up 7.4% compared to 2018. […]

Beacon Roofing Supply Inc. (NASDAQ: BECN), Herndon, Virginia, has announced that its 40 brands across the U.S. and Canada that sell exterior products will now be named Beacon Building Products. This new name reflects Beacon’s ability to supply customers with both a broad range of residential and commercial building products and a unique service offering across North America. “Beacon is constantly evolving to […]

AgoNow, Tulsa, Oklahoma, an industrial wholesaler and channel solutions provider, has joined the IBC industrial buying group.  AgoNow partners with distributors and manufacturers of industrial MRO, commercial construction, welding and safety products. As a wholesaler, AgoNow does not sell directly to end-users. “The addition of AgoNow enhances our members’ fulfillment and logistics capabilities with end users,” said Mark […]

AD, Wayne, Pennsylvania, the largest contractor and industrial products wholesale buying group in North America, has promoted Justin Dunscomb to president of the Plumbing and Pipe, Valves and Fittings-U.S. Divisions within the Plumbing, Heating, Cooling and Pipe Business Unit. The two divisions will continue to operate separately for the purposes of governance, boards, networks and committees. Most recently, […]

Acquisition of Houston-based company expands Midland offerings.

Tacoma-based Rosen Supply latest acquisition.

Industry veteran elevated to president of plumbing, PVF-U.S. divisions.

Clarence Martin, the Chief Executive Officer and Chief Financial Officer at State Electric Supply, has died. Martin was hired at State Electric Supply in 1972 as the company’s comptroller, when the company only had 41 employees and two branches. With Martin’s guidance and leadership, State now has 44 branches across seven states, with nearly 800 […]

Industrial distributor MSC Industrial Direct Co. Inc. (NYSE: MSM), Melville, New York, reported fiscal 2020 first quarter sales of $823.6 billion, a 1% decrease compared to fiscal 2019. Annual profit was $65.4 million, a 11.8% decrease compared with the first quarter last year. Ecommerce sales inched up barely in the quarter, which ended Nov. 30, but remained […]

Builders FirstSource Inc. (Nasdaq: BLDR), Dallas, has announced that CEO Chad Crow will retire this year after 20 years with the company. Crow will leave after assisting the company’s board of directors in hiring his replacement. He will also continue to work with Builders FirstSource in a consulting capacity for a period of time following the appointment […]

Fortive Corp. (NYSE: FTV), Everett, Washington, has announced that the name of the new global industrial company which is expected to separate from Fortive later this year will be Vontier Corporation. Vontier will focus on transportation and mobility markets and will be comprised initially of a portfolio of leading retail and commercial fueling, fleet management, and […]

S. A. Armstrong Limited announced that Todd Rief joined the organization as chief executive officer.

Grainger (NYSE: GWW), Chicago, has announced that David Rawlinson, senior vice president and president, Grainger Online Business, will be leaving the company effective February 1, 2020, to become the CEO of a newly formed public company. Rawlinson joined Grainger as Vice President, Deputy General Counsel and Corporate Secretary in 2012, and progressively expanded his experiences, taking on leadership of […]

WESCO International, Inc. (NYSE: WCC), a leading provider of electrical, industrial, and communications MRO and OEM products, construction materials, advanced supply chain management and logistics services, and Anixter International Inc. (NYSE: AXE), a leading global distributor of Network & Security Solutions, Electrical & Electronic Solutions, and Utility Power Solutions, today announced that their boards of directors have unanimously […]

Elkay was founded in Chicago in 1920 by Chairman of the Board of Directors Ron Katz’s grandfather, Leopold Katz, a carpenter by trade, and Ellef Robarth, a tinsmith. They met while working for Litterer Brothers Mfg. Co., a company that supplied sinks. Together they founded Elkay (a mashup of their two names), bringing together their […]