Reduce the Noise Around AI: Think ‘Fit’ First for Your Distribution Business
The purpose of technology has always been to achieve a desired outcome with less effort, faster, and usually more effectively. But the rapid evolution of technology presents so many choices that it can...
View ArticleVallen Distribution Acquires Irish MRO Distributor EES
MRO and industrial supplies distributor Vallen Distribution has expanded abroad with the acquisition of Eastland Engineering Supply (EES) from MML Growth Capital Partners Ireland. Vallen said the move...
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CEO Litwin to Depart Global Industrial on Aug. 9
After a seven-year run as the company’s top executive, Barry Litwin is set to leave Global Industrial Company on Aug. 9. The distributor of industrial and MRO supplies announced July 11 that Litwin...
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Rexel’s Mayer Acquires Electrical Supplies Inc. In Miami
Electrical distributor Mayer — a subsidiary of Rexel USA — has expanded into the Miami-Dade market with the acquisition of Electrical Supplies, Inc. Based in Miami, Electrical Supplies is an...
View ArticleLawson Products to Add Source Atlantic in New Brunswick
Distribution Solutions Group‘s subsidiary company, Lawson Products, is set to acquire Source Atlantic Limited. The deal, set to close in Q3 2024 pending regulatory approval, aims to strengthen DSG’s...
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Honeywell to Buy Air Products’ Liquefied Natural Gas Unit for $1.8B
Lead photo: A completed LNG heat exchanger manufactured at Air Products’ Port Manatee facility is being loaded on a carrier at the Port of Manatee for shipment to the customer. (Air Products photo)...
View ArticleSureWerx Acquires FALL SAFE in Portugal
SureWerx, a global manufacturer of safety products, has acquired FALL SAFE, a Portugal-based provider in fall protection equipment. Terms of the transaction were not disclosed. Founded in 2003, FALL...
View ArticleIn 2Q, Fastenal Had its Weakest Daily Sales Growth in 3 Years
Industrial and construction supplies distributor, Fastenal, reported its 2024 second quarter financial results on July 12. The results showed a new recent low for annual sales growth amid what the...
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Fastenal CSO Watts Promoted to President, Florness Remains CEO
Alongside reporting its 2024 second quarter financials on July 12, Fastenal reported a change in its company leadership. The fasteners and construction supplies distributor said that Jeff Watts — a...
View ArticleGrainger Updates Progress on Sustainability Goals
Grainger released its 2024 Environmental, Social and Governance (ESG) Report entitled, “Focusing on What Matters – We Keep The World Working.” Key among the report’s highlights is Grainger’s reduction...
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May U.S. Cutting Tool Orders Dip MoM, Up 1.8% YoY
May 2024 U.S. cutting tool consumption totaled $214.4 million, according to the latest Cutting Tool Market Report (CTMR) published by the U.S. Cutting Tool Institute (USCTI) and the Association for...
View ArticleBlackHawk Makes Operations Team Promotions
BlackHawk Industrial, a distributor of metalworking and industrial products, announced key leadership appointments on July 16. Shannon McCord has been promoted to Director of Vending Fulfillment,...
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Stellar Industrial Acquires USA Safety Supply in Minnesota
Stellar Industrial Supply is set to acquire Eagan, MN-based PPE distributor USA Safety Supply Corporation in a deal scheduled to close July 31. Terms of the transaction were not disclosed. The...
View ArticleMDM Research: Industry’s AI Participation Jumps from a Year Earlier
To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password?NAW Member? Click here to log-inThe post MDM Research:...
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Great Lake Fasteners Acquires Superior Components Supply
The Great Lakes Fasteners Group has acquired Superior Components Supply (SCS), headquartered in Concord, NC. Superior Components Supply, founded by Chuck and Donna Gerlach in 2014, supplies...
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Cook & Boardman Acquires Bunting Door & Hardware
In its second acquisition this month, commercial door, frame and hardware distributor The Cook & Boardman Group has added Elkridge, MD-based material distributors Bunting Door & Hardware Co....
View ArticleHVACR Distributor MARS Nets Private Investment
Platinum Equity has invested in Motors & Armatures (MARS), headquartered in Hauppauge, NY. Terms of the agreement were not disclosed. A July 17 news release noted that the Chernoff family and...
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Sonepar Appoints U.S. Industrial Leader
Sonepar has announced the appointment Dave Jay to the newly-created role of Vice President of Industrial Solutions and Business Development at Sonepar USA. He will be responsible for developing and...
View ArticleMassive Tech Outage Disrupts Businesses, Banks, Airlines
A global technology outage grounded flights, knocked businesses, banks and hospital systems offline and disrupted media outlets starting Thursday night into Friday. Cybersecurity firm CrowdStrike...
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Wolter Acquires Cincinnati Crane & Hoist
Wolter, a distributor of material handling equipment based in Brookfield, WI, has acquired its first manufacturing company, Cincinnati Crane & Hoist, based in Cincinnati, OH. Terms of the...
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