Honeywell to Divest Advanced Materials Unit
Industrial manufacturing conglomerate Honeywell announced plans to spin off its Advanced Materials business into an independent, publicly-traded company by late 2025 or early 2026. The advanced...
View ArticleStudy: U.S. Warehouse Costs Jumped 8.3% from 2022 to 2024
WarehousingAndFulfullment.com released the results of its 2024 Warehousing Services Pricing and Fulfillment Costs Survey, which showed a steep rise in costs from 2022 t0 2024. The results reflect eight...
View ArticleReport: Home Depot to Have Corporate Staff Work Store Shifts
Lead image courtesy of Home Depot Do-it-yourself and contractors supplies retailer/distributor The Home Depot will reportedly require corporate employees to work a full day at one of its stores each...
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Fluid Power Distributor Kundinger Acquires Control Concepts Technology
Fluid power, automation and process control distributor Kundinger acquired Control Concepts Technology Enterprises (CCT). Terms of the transaction were not disclosed. Schofield, WI-based CCT designs...
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Installed Building Products Acquires Insulation Supplies in MN
Insulation and complementary building products supplier Installed Building Products, Inc. (IBP) acquired Wholesale Insulation Supply, Inc. (Insulation Supplies). Terms of the transaction were not...
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Sonepar Restructures Americas Leadership
Electrical supplies distributor Sonepar has restructured its Americas leadership team. The changes include Jerome Baniol, currently the Senior Vice President of Finance in North America, assuming the...
View ArticleDXP Refinances Debt, Raises $105M to Drive Growth
Houston-based pumping solutions and industrial supplies distributor DXP Enterprises refinanced its existing debt with a Senior Secured Term Loan B (TLB) and secured an additional $105 million in TLB...
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BlackHawk Industrial Appoints Category Director, Packaging Lead
Metalworking and MRO supplies distributor BlackHawk Industrial promoted Brooke Bedford to Category Director and Matt Roers to Packaging Product Manager. Brooke Bedford The company said Roers and...
View ArticleAmazon Business Ups Competitive Ante with VMI Services Launch
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 Amazon Business...
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Core & Main to Acquire 2 Distributors in New Jersey
Infrastructure supplies distributor Core & Main continues its acquisition spree with the announced pending additions of ARGCO Northeast LLC and Eastcom Associates Inc. — both announced Oct. 9....
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OmniCable Appoints VP of Procurement & Category Management
Wire and cable products redistributor OmniCable promoted Chris Kennedy to Vice President of Procurement and Category Management. Chris Kennedy In the new role, Kennedy will spearhead the development of...
View ArticleReport: GXO Logistics Exploring Potential Sale
Featured image courtesy of GXO Logistics website GXO Logistics is exploring a potential sale after receiving takeover interest, according to Bloomberg and Reuters, both citing “people familiar with the...
View ArticleFastenal Ends 3Q with Momentum
Industrial and construction supplies distributor Fastenal reported its September sales metrics and third quarter 2024 financials on Oct. 11, showing a monthly improvement in daily sales, while gross...
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Meritus Gas Partners Acquires Distributors in CA, TX and OK
Industrial, medical and specialty gases, welding and safety supplies distributor Meritus Gas Partners announced an acquisition in July, September and October in Oklahoma, Texas and California,...
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Distribution Supply Chain Platform Kodaris, GMS Ink 10-Year Partnership Deal
Kodaris — a flexible software-as-a-service platform offering a suite of enterprise features for distributors — has secured a long-term partnership agreement with building materials distributor GMS Inc....
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Takeaways from 2024 NAW’s Innovators Summit
For the third time annually, the National Association of Wholesaler-Distributors and B2B technology advisement firm Applico co-hosted the NAW Innovators Summit — an exclusive and intimate conference...
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White Cap Acquires ERSCO Construction in Michigan
Construction and industrial supplies distributor White Cap acquired ERSCO Construction Supply. Terms of the transaction were not disclosed. Michigan-based ERSCO Construction Supply is a distributor of...
View ArticlePeer Chain Announces President Succession
Lead photo: From left to right: Charles Spungen, Jeffrey Spungen, Drew Beadle, Glenn Spungen and Danny Spungen. All employees received a succulent, which the company said is a strong and resilient...
View ArticleMRC Global Makes Moves to Strengthen Capital Structure
Pipe, valve and fittings distributor MRC Global agreed to buy back all 363,000 shares of its Series A Convertible Perpetual Preferred Stock from Mario Investments, LLC. MRC Global plans to repurchase...
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Bossard to Acquire Ferdinand Gross in Germany, East Europe Expansion
Zug, Switzerland-based fasteners distributor Bossard agreed to acquired German Ferdinand Gross Group. Terms of the transaction were not disclosed. Leinfelden-Echterdingen, Germany-based Ferdinand Gross...
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