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Performance Food Group to Acquire Cheney Bros. for $2.1B
Food and foodservice distributor Performance Food Group is set to significantly expand its presence in the U.S. Southeast by acquiring Cheney Brothers, Inc., as the company announced a pending deal...
View ArticleToyota Recalls 34K Cars Due to Distributors’ Inaccurate Stickers
Toyota has issued a recall of 33,848 vehicles in North America due to incorrect load-carrying-capacity stickers used by a distributor, affecting 22 models that cover essentially the automaker’s entire...
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Hitachi Global Air Power Acquires Sullair Distributor in TX
Industrial air compressor manufacturer and distributor Hitachi Global Air Power acquired Air Power Sales and Service. Terms of the transaction were not disclosed. Longview, TX-based Air Power Sales and...
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BlackHawk Industrial Appoints Fasteners GM
Metalworking and MRO supplies distributor BlackHawk Industrial promoted Bob Miller to the role of General Manager of Fasteners. Bob Miller Miller joined BlackHawk in 2020 through the company’s...
View ArticleCanada Rail Strike and Lockouts Set to Begin Thursday
Canada’s two major railroads are in a standoff as union negotiations stall just days before the Aug. 22 deadline to reach a labor agreement. On Aug. 18, the union representing about 10,000 rail works...
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BSC Industries Acquires Warren Pike in MA
Canton, MA-based BSC Industries acquired fellow bearings and power transmission products distributor Warren Pike, which operates via subsidiaries Warren Pike, Cohen Machinery CO. and W.M. Steel across...
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Graybar Appoints 2 Sales Leaders
Electrical and industrial supplies distributor Graybar appointed Mike Carroll to Vice President of Construction Sales and Michael Tierney to VP of Industrial, Utility and Broadband Sales, effective...
View ArticleTexas Judge Strikes Down FTC’s Noncompete Ban
On Aug. 20, a federal judge in Texas blocked a regulation issued by the Federal Trade Commission that would prevent employers from using noncompete agreements, which prohibit workers from joining rival...
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Core & Main to Acquire Green Equipment Company in Fort Worth
Infrastructure supplies distributor Core & Main continued its summer acquisition spree with the addition of Green Equipment Company. Terms of the transaction were not disclosed. Fort Worth,...
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BlackHawk Acquires Tri-State Industrial Supplies Near Philadelphia
Metalworking and MRO supplies distributor BlackHawk acquired Tri-State Industrial Supplies of PA, marking its 12th deal since the start of 2022. Terms of the transaction were not disclosed. New...
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Cook & Boardman Acquires Architectural Doors in Denver
Commercial door, frame and hardware distributor Cook & Boardman continues its 2024 acquisition streak with the addition of Denver, CO-based Architectural Doors, Inc. (ADI). Terms of the transaction...
View ArticleAmazon Now Enables Some Sellers to Avoid Physical Returns
Amazon has launched a program that will allow some sellers using its platform to receive product refunds without customers having to actually return the item. According to an Aug. 2024 news release,...
View ArticleAD Adds AR Platform Suppli as Preferred Service Provider
Industrial and contractor supplies buying group AD has added Suppli as a preferred service provider. Suppli — a digital account receivables (AR) platform — enables construction distributors and...
View ArticleCanada’s Major Freight Rail Halts in 9,000-Worker Lockout
After failing to reach a new labor deal with a Teamsters union by the early morning deadline on Aug. 22, Canada’s two largest freight railroads have locked out over 9,000 rail workers. The simultaneous...
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Advance Auto Parts to Sell Distributor Worldpac to PE Firm for $1.5B
Automotive aftermarket parts provider Advance Auto Parts (Advance) announced that it will sell Worldpac, Inc. to global investment firm Carlyle for $1.5 billion in cash. The transaction is expected to...
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U.K. Cutting Tool Distributor Cutwel Privately Acquired
Mid-market private equity firm Inflexion acquired Cutwel through its lower mid-market fund, Enterprise Fundy V. Terms of the transaction were not disclosed. U.K.-based cutting tool distributor Cutwel...
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Distributor Mill Steel Co. Appoints New CFO
Flat-rolled carbon steel, stainless steel and aluminum distributor Mill Steel Co. appointed Scott Hauncher as Chief Financial Officer (CFO). Hauncher — an industry veteran with over 20 years of...
View ArticleElectrical Manufacturers’ Rep Yanow Expands in NY with Acquisition
Brockton, MA-based electrical manufacturer representative Yanow, Inc. acquired Robert H. Schaub & Associates. Terms of the transaction were not disclosed. Syracuse, NY-based Robert H. Schaub &...
View ArticleCanada Calls to End Rail Shutdown, Teamsters Push Back
Canada has ordered the country’s two main railroads to end the work stoppage that began on Aug. 22 after labor negotiations deadlocked. The threat of disruption remains as Teamsters move against...
View ArticleFastenal Details Rollout of Internal AI Tools
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 Fastenal...
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