Trump Issues 1-Month Pause on Canada, Mexico Auto Tariffs
Following a meeting between Trump and executives at three major automakers, the White House said the administration will grant all automakers a one-month exemption from tariffs he imposed on imports...
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Distributors Cromer, Doosan Material Handling Rebrand as Forklifts Group
Material handling distributors Cromer Materials Handling and Doosan Material Handling Solutions announced on March 4 that the companies have rebranded as Forklifts Group. Brent Poulton Based in...
View ArticleFastenal February Daily Sales Jump to 14-Month High
Following a modest increase in January, Fastenal reported a 14-month high in February for daily sales growth, as the company’s second largest market, Other Manufacturing, saw a strong month-to-month...
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Winsupply Acquires Stake in Explainable AI Provider
HVACR, plumbing and industrial PVF distributor Winsupply acquired a minority stake in Mined XAI. Terms of the transaction were not disclosed. Dayton, OH-based Mined XAI offers explainable AI solutions...
View ArticleGMS’ Organic Sales Slide Deepens in November-January Quarter
Specialty building products distributor Gypsum Management & Supply (GMS) reported its 2025 third quarter financial results on March 6. The Tucker, GA-based company posted 3Q sales of $1.3 billion...
View ArticleDistribution Solutions Group Nets $1.8B in 2024 Sales with 4Q Jump
Fort Worth, TX-based Distribution Solutions Group reported its 2024 fourth quarter and full-year financial results on March 6, which showed a major increase in 4Q sales year-over-year, while full-year...
View ArticleTrump Postpones 25% Mexico Tariffs for a Month
In the latest tariffs development, President Trump said Mexico will be exempt from tariffs for one month on products that fall under the U.S.-Mexico-Canada Agreement trade pact. In a Truth Social post,...
View ArticleUS LBM Acquires Beach Window and Door in NC
Building materials distributor US LBM acquired Beach Window and Door. Terms of the transaction were not disclosed. Based in Calabash, NC, Beach Window and Door offers a variety of exterior and interior...
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Beacon Acquires Waterproofing Distributor DM Figley
Roofing and other building materials distributor Beacon acquired DM Figley Company, inc. Terms of the transaction were not disclosed. Based in Menlo Park, CA, DM Figley is a supplier of sealants,...
View ArticleAcquisitions Power DXP’s Strong Annual Sales Gain
Houston-based pumping solutions and industrial supplies distributor DXP Enterprises reported its 2024 fourth quarter and full-year results on March 6, showing an increase in 4Q sales year-over-year, as...
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Parker Distributor Exotic Automation Names New President
New Hudson, MI-based motion control products distributor Exotic Automation & Supply — a Parker Hannifin subsidiary — appointed Steve Orlando as President, effective immediately. Orlando has been...
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QXO’s Brad Jacobs Pens Open Letter to Beacon Employees
As QXO courts Beacon investors to tender their shares into QXO’s acquisition offer, the building materials distributor and technology company’s founder is reaching out directly to Beacon employees....
View ArticleQXO, Beacon Working Toward $11B Deal
Signaling that both companies are looking to complete a transaction after months of back-and-forth, QXO and Beacon both confirmed March 10 that they are in negotiation talks for QXO to acquire Beacon....
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Meritus Gas Partners Acquires Oxygen Service Company in MN
Gases, welding and safety supplies distributor Meritus Gas Partners acquired Oxygen Service Company. Terms of the transaction were not disclosed. Based in Saint Paul, MN, OSC is a supplier of packaged...
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Reece’s Fortiline Acquires Belair Road Supply in Northeast
Featured image courtesy of Fortiline Waterworks website Underground water, sewer and storm utility products distributor Fortiline Waterworks — a wholly owned subsidiary of the Reece Group — acquired...
View ArticleFerguson 2Q Sales Accelerate on Volume Growth
PVF, plumbing, HVAC, infrastructure and industrial supplies distributor Ferguson reported its fiscal 2Q25 (November-January) financial results on March 11, which showed a solid acceleration in...
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nVent to Buy Avail’s Electrical Group for $975M
Electrical connection and protection solutions manufacturer and servicer nVent Electric agreed to acquire the enclosures, switchgear and bus systems (Electrical Products Group) of Avail Infrastructure...
View ArticleTrump to Double Canada Steel & Aluminum Tariffs to 50%
President Trump has said he will double his planned 25% tariffs on steel and aluminum beginning March 12. The 50% tariff, accompanied by an end to all exemptions to the steel and aluminum levies,...
View ArticleGenuine Parts’ UAP Acquires Auto Parts Distributor Benson in Canada
Canadian-based replacement parts and automotive services distributor UAP Inc. — a subsidiary of Genuine Parts Company — announced the proposed acquisition of Benson Group Inc. Terms of the transaction...
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S.F.E. Group Acquires Sumner Material Handling Brand from Southwire
Houston, TX-based Specialized Fabrication Equipment Group acquired Sumner Brand from Southwire Company. Terms were not disclosed. Based in Houston, Sumner Brand is a manufacturer of material lifts,...
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