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Border States Appoints M&A Leader
Electrical distributor Border States promoted Aaron Hughes to Mergers and Acquisitions Director, effective Oct. 1. Hughes — the former owner of Advance Electrical Supply — began his career in the...
View ArticleOrgill Woos True Value Members Amid Do it Best Offer
The hardlines retail industry saw a giant splash last week in the form of True Value announcing that it had begun Chapter 11 bankruptcy proceedings that will facilitate its sale to Do it Best Corp. —...
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Monthly U.S. Cutting Tool Orders Up 9% in August, Down 4.5% YoY
August 2024 U.S. cutting tool consumption totaled $209.3 million, according to the latest Cutting Tool Market Report (CTMR) published by the U.S. Cutting Tool Institute and the Association for...
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MDM Podcast: Unraveling the Port Standoff
Weeks after union dockworkers and port operators reached a tentative deal, ending the strike after just three days, some underlying issues remain. The union leader has been clear that it is seeking...
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Rockwell Automation Appoints New Americas President
Industrial automation and digital transformation supplier Rockwell Automation appointed Jane Barr as President of Americas, effective immediately. Jane Barr Barr takes over from Gina Claxton, who...
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Beacon to Make Commercial Leader Succession
Jonathan Bennett Roofing and other building materials distributor Beacon appointed Jonathan Bennett to President of its North Division, effective Jan. 1. The current head of that division, J. Jake...
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Avnet Appoints Chief Digital Officer
Electronics distributor Avnet appointed Dave Youngblood to the newly-created role of Chief Digital Officer (CDO), effective Oct. 21. Dave Youngblood Youngblood will report to Avnet’s CEO Phil...
View ArticleBrace and Rebound: How Distribution Navigates a Port Strike
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 Brace and...
View ArticlePPG to Sell Architectural Coatings Unit in $550M Deal
Pittsburgh, PA-based paints, coating and specialty materials supplier PPG has agreed to sell its architectural coatings business for $550 million to American Industrial Partners (AIP). The...
View ArticleDo it Best Pushes Stability Message Amid Offers to True Value Members
While fellow hardlines distribution organizations look to court True Value retailers amid the wholesaler’s bankruptcy and pending sale to Do it Best Corp., the latter has responded with a message of...
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Industrial Threaded Products Acquires Bristol Machine Co.
California-based Industrial Threaded Products (ITP) acquired Bristol Machine Co. Terms of the transaction were not disclosed. Ontario, CA-based Bristol Machine Co. is a distributor of fastening systems...
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Fastenal Appoints Strategy & Communications Leader
Fasteners and construction supplies distributor Fastenal appointed Donnalee Papenfuss to Executive Vice President of Strategy and Communications, effective Nov. 1. In this newly-established role,...
View ArticleSupplyOne Acquires Gulf Packaging
Newton Square, PA-based packaging distributor SupplyOne acquires Bay Minette, AL-based Gulf Packaging. Terms of the transaction were not disclosed. Established in 1990, Gulf Packaging is a supplier of...
View ArticleBoeing, Union Reach Tentative Deal for 35% Increase
Boeing and the International Association of Machinists and Aerospace Workers (IAM) representing 33,000 or the aerospace manufacturer’s workers reached a tentative agreement to end a six-week strike...
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France’s Motul Acquires Metalworking Fluids Maker Chem Arrow
Featured image courtesy of Motul France-based metalworking fluids and lubricant supplier Motul acquired Chem Arrow Corp. Terms of the transaction were not disclosed. Motul said that the acquisition...
View ArticleMotion 3Q U.S. Sales Down 1.2% YoY
Genuine Parts Company reported its 2024 third quarter financial results on Oct. 22, which showed a modest year-over-year sales increase that was supported by acquisitions and a favorable foreign...
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SRS’ Heritage Acquires Fellow Landscape Distributor in New Hampshire
McKinney, TX-based landscape supply distributor Heritage Landscape Supply Group — owned by SRS Distribution — acquired Freshwater Farms, Inc. (FWF). Terms of the transaction were not disclosed. Founded...
View ArticleRexel 3Q U.S. Sales Up 1.1% YoY
France-based electrical products distributor Rexel reported its 2024 third quarter financial results on Oct. 22, showing modest growth in North America sales despite weather events in September. In...
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Graybar Appoints 5 Key Executives
Electrical and industrial supplies distributor Graybar announced a series of leadership changes, effective Jan. 1. Dennis DeSousa was promoted to Chief of Staff, previously serving as Senior VP and...
View Article3M Safety & Industrial Organic Sales Tick Up in 3Q
Industrial, commercial and consumer manufacturing congomerate 3M reported its 2024 third quarter financial results on Oct. 22, showing a modest sales increase year-over-year both overall and in its...
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