How MSC’s Digital Programs are Evolving
Over 60% of MSC Industrial Supply’s sales are eCommerce-based, making it one of the leading web-driven distributors in North America. The final piece of this three-part series explores the progression...
View ArticleHillman 4Q Sales Grow 0.5%, EBITDA Increases
Fasteners and other hardware products distributor Hillman Solutions reported its 2024 fourth quarter and full-year financial results on Feb. 18, showing a record 4Q bottom line increase in sales, while...
View ArticleHAWE Relocates Hydraulic Valve Production from China to PA
Hydraulic components manufacturer HAWE Manufacturing U.S. — a subsidiary of Germany-based HAWE Hydraulik — plans to relocate its valve production from China to Leigh Valley, PA. According to building...
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Waldom Electronics Appoints Senior Supplier Business Manager
Master distributor of electronic and electrical components Waldom Electronics appointed Ben Jackson as its Senior Supplier Business Manager. Ben Jackson MDM Case Study: Wesco (Premium access here)...
View ArticleBuildersFirst Source 4Q Sales Decline Widens, Margins Drop
Building materials distributor BuildersFirst Source reported its 2024 fourth quarter and full-year financial results on Feb. 20, showing a decline in 4Q sales year-over-year and a drastic decrease in...
View ArticleFour Critical Barriers to Business Model Innovation in Distribution: How to...
Achieving real needle-moving innovation in wholesale distribution often involves numerous obstacles. Here are four of the most common and how to overcome them. The post Four Critical Barriers to...
View ArticleResideo’s ADI Global Distribution 4Q Sales Increase 39% YoY
Smart home products manufacturer and distributor Resideo Technologies reported its 2024 fourth quarter and full-year financial results on Feb. 20, which showed a drastic 4Q and full-year sales increase...
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Franklin Electric to Acquire Industrial Pump Manufacturers in Colombia,...
Electricity, water and fuel systems and technologies distributor and manufacturer Franklin Electric agreed to acquire Barnes de Colombia and acquired Australian-based PumpEng. Terms of the transactions...
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First Supply CEO Calls for Tax Law Extension
With provisions from the 2017 Tax Cuts and Jobs Act (TCJA) set to expire at the end of the year, the CEO of plumbing distributor First Supply, Kathryn Poehling Seymour, argued in an opinion piece for...
View Article$4B Meat Distributor Harvest Sherwood to Close, Lay off 1500
Harvest Sherwood Food Distributors filed a Worker Adjustment and Retraining Notification (WARN) notice to notify employees and state officials of impending job cuts. The distributor is planning to lay...
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Now Private, L.S. Starrett Appoints New Leaders
Athol, MA-based precision tools, cutting tools and metrology systems manufacturer L.S. Starrett appointed four new executives, including a new CEO. Roger Amrol will succeed Douglas Starrett as...
View ArticleImperial Dade Acquires Athens Janitor Supply in Georgia
Foodservice, packaging supplies, industrial products and janitorial supplies distributor Imperial Dade acquired Athens Janitor Supply Co and Chittom Industries. Terms were not disclosed, but the...
View ArticleQXO Extends Tender Offer Deadline to Acquire Beacon
As it continues to pursue an acquisition of specialty materials distributor Beacon Roofing Supply, QXO is extending the deadline on its all-cash tender offer. Originally set to expire at midnight ET on...
View ArticleU.S. Targets Heavy Port Fees on Chinese Ships
A proposed fee on Chinese shipping companies and Chinese-built vessels calling on U.S. ports could mean added costs passed down to U.S. distributors as importers and exporters would likely battle...
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Aftermarket Parts Distributor Wheeler Fleet Solutions Privately Acquired
Somerset, PA-based aftermarket parts distributor Wheeler Fleet Solutions was acquired by middle market private equity firm One Equity Partners. Terms of the transaction were not disclosed. Established...
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Aircraft Parts Distributor Charged for Export Scheme with Russia
Ohio-based aircraft equipment supplier Flighttime Enterprises Inc. and three current and former employees face federal charges for illegally exporting aircraft parts to Russia and Russian airlines...
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Home Depot Snaps Same-Store Losing Streak in 4Q
The Home Depot reported its 2024 fourth quarter and full-year financial results on Feb. 25, which showed an improvement in customer demand as the company broke a same-store decline in sales for 4Q,...
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Builders FirstSource Adds Walmart, Google Execs to Board
Building materials distributor Builders FirstSource announced that its board of directors appointed a former Walmart Global Technology executive and a current Google executive to the company’s board,...
View ArticleGlobal Industrial Hit $1.3B in 2024 Sales Despite 4Q Decline
Fresh off appointing a new CEO earlier in February, industrial and MRO parts distributor Global Industrial Supply Company reported its 2024 fourth quarter and full-year financial results on Feb. 25,...
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Former Crescent CEO Joins Electrical Manufacturer Atkore
Electrical manufacturer Atkore, Inc. appointed Scott Teerlinck to the newly created role of President of Commercial Operations, effective April 1. Harvey, IL-based Atkore is a manufacturer of...
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