Published Content Feed | Industrial Distribution https://www.inddist.com The latest published content from Industrial Distribution en-usFastener Industries Purchases Die Co. https://www.inddist.com/mergers-acquisitions/news/22890551/fastener-industries-purchases-die-co https://www.inddist.com/mergers-acquisitions/news/22890551/fastener-industries-purchases-die-co The company will continue to operate separately under the Die Co. name. Mon, 18 Mar 2024 16:32:58 -0500 Mergers & Acquisitions Genesys Industries Acquires Latrobe Foundry Machine & Supply https://www.inddist.com/mergers-acquisitions/news/22890507/genesys-industries-acquires-latrobe-foundry-machine-supply https://www.inddist.com/mergers-acquisitions/news/22890507/genesys-industries-acquires-latrobe-foundry-machine-supply LF's pipe fittings and hardware are distributed by McMaster-Carr, MSC Industrial and Ferguson, among others. Mon, 18 Mar 2024 14:20:20 -0500 Mergers & Acquisitions Sonepar Announces Launch of its 'Purpose' https://www.inddist.com/operations/news/22890501/sonepar-announces-launch-of-its-purpose https://www.inddist.com/operations/news/22890501/sonepar-announces-launch-of-its-purpose The company made six commitments by 2028 as part of its long-term planning. Mon, 18 Mar 2024 14:11:21 -0500 Operations Core & Main to Acquire ACF West https://www.inddist.com/mergers-acquisitions/news/22890497/core-main-to-acquire-acf-west https://www.inddist.com/mergers-acquisitions/news/22890497/core-main-to-acquire-acf-west The deal will expand the company's geosynthetics footprint across the West. Mon, 18 Mar 2024 14:04:51 -0500 Mergers & Acquisitions OmniCable Launches New Communications Business https://www.inddist.com/company-expansion-consolidation/news/22890489/omnicable-launches-new-communications-business https://www.inddist.com/company-expansion-consolidation/news/22890489/omnicable-launches-new-communications-business The company said it is "redefining the supply chain and sourcing experience." Mon, 18 Mar 2024 13:53:23 -0500 Company Expansion & Consolidation Schneider Electric to Invest $140M in U.S. Manufacturing https://www.inddist.com/company-expansion-consolidation/news/22890486/schneider-electric-to-invest-140m-in-us-manufacturing https://www.inddist.com/company-expansion-consolidation/news/22890486/schneider-electric-to-invest-140m-in-us-manufacturing The company plans to add a new plant in Tennessee. Mon, 18 Mar 2024 13:37:26 -0500 Company Expansion & Consolidation Consumer Sentiment Ticks Down Slightly https://www.inddist.com/economy/news/22890415/consumer-sentiment-ticks-down-slightly https://www.inddist.com/economy/news/22890415/consumer-sentiment-ticks-down-slightly But most still expect inflation to ease further. Mon, 18 Mar 2024 10:02:47 -0500 Economy The Risk of Glossing Over Contract 'Boilerplate' https://www.inddist.com/operations/article/22883293/the-risk-of-glossing-over-contract-boilerplate https://www.inddist.com/operations/article/22883293/the-risk-of-glossing-over-contract-boilerplate As the old adage goes, the devil is in the details. Mon, 18 Mar 2024 08:45:44 -0500 fmendelsohn@burkelaw.com (Fred Mendelsohn) Operations Graybar Says 2023 Sales Set New Record https://www.inddist.com/sales/news/22890306/graybar-says-2023-sales-set-new-record https://www.inddist.com/sales/news/22890306/graybar-says-2023-sales-set-new-record The electrical and industrial distributor reported $11 billion in annual net sales. Fri, 15 Mar 2024 14:54:58 -0500 Sales Starrett to Become Private Company https://www.inddist.com/mergers-acquisitions/news/22890304/starrett-to-become-private-company https://www.inddist.com/mergers-acquisitions/news/22890304/starrett-to-become-private-company The private equity firm reached an agreement to take the tool and equipment maker private. Fri, 15 Mar 2024 14:47:09 -0500 Mergers & Acquisitions PMA Elects Ulbrich COO as Chairman https://www.inddist.com/associations/news/22890301/pma-elects-ulbrich-coo-as-chairman https://www.inddist.com/associations/news/22890301/pma-elects-ulbrich-coo-as-chairman The sales VP of Batesville Tool & Die will serve as vice chairman and treasurer. Fri, 15 Mar 2024 14:33:34 -0500 Associations 5 Minutes with Justin Roff-Marsh https://www.inddist.com/video/video/22889318/5-minutes-with-justin-roffmarsh https://www.inddist.com/video/video/22889318/5-minutes-with-justin-roffmarsh Justin Roff-Marsh says the solution is hiding in plain sight. Fri, 15 Mar 2024 08:51:59 -0500 anna@ien.com (Anna Wells), tom@ien.com (Unit 202 Productions) Video Reported Hypersonic Missile Could Raise Stakes in Red Sea Crisis https://www.inddist.com/supply-chain/news/22890204/reported-hypersonic-missile-could-raise-stakes-in-red-sea-crisis https://www.inddist.com/supply-chain/news/22890204/reported-hypersonic-missile-could-raise-stakes-in-red-sea-crisis Houthi rebels have hinted for weeks about “surprises.” Fri, 15 Mar 2024 08:37:34 -0500 Supply Chain Home Depot to Open Four Distribution Hubs for 'Pro' Customers https://www.inddist.com/company-expansion-consolidation/news/22890186/home-depot-to-open-four-distribution-hubs-for-pro-customers https://www.inddist.com/company-expansion-consolidation/news/22890186/home-depot-to-open-four-distribution-hubs-for-pro-customers The facilities are expected to open in the first half of the year. Thu, 14 Mar 2024 16:06:34 -0500 Company Expansion & Consolidation Kennametal Names New Chief Executive https://www.inddist.com/staffing-changes/news/22890182/kennametal-names-new-chief-executive https://www.inddist.com/staffing-changes/news/22890182/kennametal-names-new-chief-executive Chris Rossi will retire in June after seven years leading the company. Thu, 14 Mar 2024 15:56:29 -0500 Staffing Changes 5 min with ID: Intuilize https://www.inddist.com/video/video/22890031/5-min-with-id-intuilize https://www.inddist.com/video/video/22890031/5-min-with-id-intuilize Real-time pricing isn't just for the industry's biggest sellers. Thu, 14 Mar 2024 12:47:58 -0500 anna@ien.com (Anna Wells), tom@ien.com (Unit 202 Productions) Video Wholesale Prices Picked Up Again in February https://www.inddist.com/economy/news/22890118/wholesale-prices-picked-up-again-in-february https://www.inddist.com/economy/news/22890118/wholesale-prices-picked-up-again-in-february Inflation pressures remain elevated and might not cool as fast as the Federal Reserve would like. Thu, 14 Mar 2024 11:03:21 -0500 Economy Advocacy Group Wins Court Challenge Against Corporate Transparency Law https://www.inddist.com/operations/news/22890091/advocacy-group-wins-court-challenge-against-corporate-transparency-law https://www.inddist.com/operations/news/22890091/advocacy-group-wins-court-challenge-against-corporate-transparency-law A small business group said the measure — designed to combat money laundering — is too burdensome. Thu, 14 Mar 2024 09:38:36 -0500 Operations From Hardware Store to National Distributor https://www.inddist.com/operations/news/22889598/from-hardware-store-to-national-distributor https://www.inddist.com/operations/news/22889598/from-hardware-store-to-national-distributor Over more than a century, Black & Company has evolved from a storefront to six distribution hubs. Thu, 14 Mar 2024 09:21:44 -0500 Operations Amazon Business Expands to Mexico https://www.inddist.com/e-commerce/news/22890081/amazon-business-expands-to-mexico https://www.inddist.com/e-commerce/news/22890081/amazon-business-expands-to-mexico The B2B seller now operates in 10 countries. Thu, 14 Mar 2024 09:20:35 -0500 E-Commerce Cutting Tool Orders Up 4% to Start the Year https://www.inddist.com/technology-software/news/22890028/cutting-tool-orders-up-4-to-start-the-year https://www.inddist.com/technology-software/news/22890028/cutting-tool-orders-up-4-to-start-the-year The total suggests that an expected decline "will not be as severe" as some projections. Wed, 13 Mar 2024 14:34:34 -0500 Technology & Software Wright Names New Assistant Vice President https://www.inddist.com/staffing-changes/news/22890025/wright-names-new-assistant-vice-president https://www.inddist.com/staffing-changes/news/22890025/wright-names-new-assistant-vice-president Gregg Futey will have a role in business development, financial administration and marketing. Wed, 13 Mar 2024 14:24:25 -0500 Staffing Changes Kodiak Building Partners Names Sun Mountain, American Builders Supply Executives https://www.inddist.com/staffing-changes/news/22890022/kodiak-building-partners-names-sun-mountain-american-builders-supply-executives https://www.inddist.com/staffing-changes/news/22890022/kodiak-building-partners-names-sun-mountain-american-builders-supply-executives The appointments reflect the company's "commitment to cultivating top talent." Wed, 13 Mar 2024 14:19:18 -0500 Staffing Changes Johnstone Supply Selects Quadient as Smart Locker Partner https://www.inddist.com/logistics/news/22890019/johnstone-supply-selects-quadient-as-smart-locker-partner https://www.inddist.com/logistics/news/22890019/johnstone-supply-selects-quadient-as-smart-locker-partner The wholesale HVACR distributor has already installed "Parcel Pending" lockers at 30 locations. Wed, 13 Mar 2024 14:11:13 -0500 Logistics Packer Fastener Announces New Headquarters https://www.inddist.com/company-expansion-consolidation/news/22889892/packer-fastener-announces-new-headquarters https://www.inddist.com/company-expansion-consolidation/news/22889892/packer-fastener-announces-new-headquarters The company said "unprecedented growth" necessitated the move. Tue, 12 Mar 2024 14:55:49 -0500 Company Expansion & Consolidation Sonepar Posts $36.4B in 2023 Sales https://www.inddist.com/earnings/news/22889888/sonepar-posts-364b-in-2023-sales https://www.inddist.com/earnings/news/22889888/sonepar-posts-364b-in-2023-sales The electrical distribution giant completed 13 acquisitions during the year. Tue, 12 Mar 2024 14:40:22 -0500 Earnings Imperial Dade Acquires JAD Building Maintenance Supplies https://www.inddist.com/mergers-acquisitions/news/22889885/imperial-dade-acquires-jad-building-maintenance-supplies https://www.inddist.com/mergers-acquisitions/news/22889885/imperial-dade-acquires-jad-building-maintenance-supplies The deal will bolster Imperial Dade's presence in New York City. Tue, 12 Mar 2024 14:31:05 -0500 Mergers & Acquisitions Manufacturing Technology Orders Drop 3.7% in January https://www.inddist.com/economy/news/22889884/manufacturing-technology-orders-drop-37-in-january https://www.inddist.com/economy/news/22889884/manufacturing-technology-orders-drop-37-in-january Demand is still being driven highly specialized, automated machinery. Tue, 12 Mar 2024 14:25:13 -0500 Economy Distributor Opportunities Report Part 2 https://www.inddist.com/video/video/22889769/distributor-opportunities-report-part-2 https://www.inddist.com/video/video/22889769/distributor-opportunities-report-part-2 Found out what the experts say in part two of our Distributor Opportunities Report. Tue, 12 Mar 2024 14:10:04 -0500 anna@ien.com (Anna Wells), tom@ien.com (Unit 202 Productions) Video U.S. Inflation Up Again in February as Price Pressures Remain Elevated https://www.inddist.com/economy/news/22889851/us-inflation-up-again-in-february-as-price-pressures-remain-elevated https://www.inddist.com/economy/news/22889851/us-inflation-up-again-in-february-as-price-pressures-remain-elevated One economist called it "a disappointment, but not a disaster." Tue, 12 Mar 2024 10:42:40 -0500 Economy Graybar, Teamsters Reach Deal to End Strike https://www.inddist.com/operations/news/22889821/graybar-teamsters-reach-deal-to-end-strike https://www.inddist.com/operations/news/22889821/graybar-teamsters-reach-deal-to-end-strike Dozens of workers had been on the picket line at a St. Louis-area facility since late last month. Tue, 12 Mar 2024 09:29:06 -0500 Operations Foundation Investment Partners Acquires Spartan Tool Supply https://www.inddist.com/mergers-acquisitions/news/22889773/foundation-investment-partners-acquires-spartan-tool-supply https://www.inddist.com/mergers-acquisitions/news/22889773/foundation-investment-partners-acquires-spartan-tool-supply The firm plans to leverage its experience to "create value immediately." Mon, 11 Mar 2024 16:31:21 -0500 Mergers & Acquisitions Walter Surface Technologies Acquires PushCorp Inc. https://www.inddist.com/mergers-acquisitions/news/22889770/walter-surface-technologies-acquires-pushcorp-inc https://www.inddist.com/mergers-acquisitions/news/22889770/walter-surface-technologies-acquires-pushcorp-inc PushCorp is a leading manufacturer of robotic end-of-arm-tools for material removal applications. Mon, 11 Mar 2024 16:19:27 -0500 Mergers & Acquisitions ARG Industrial Adds Idaho Branch https://www.inddist.com/company-expansion-consolidation/news/22889618/arg-industrial-adds-idaho-branch https://www.inddist.com/company-expansion-consolidation/news/22889618/arg-industrial-adds-idaho-branch The company's 13th location expands its footprint to a fourth state. Fri, 08 Mar 2024 15:41:59 -0600 Company Expansion & Consolidation AFC Industries Acquires Globe International https://www.inddist.com/mergers-acquisitions/news/22889591/afc-industries-acquires-globe-international https://www.inddist.com/mergers-acquisitions/news/22889591/afc-industries-acquires-globe-international Globe is a leading supplier of fasteners, door hardware and galvanized aircraft cable. Fri, 08 Mar 2024 13:59:44 -0600 Mergers & Acquisitions Vallen Launches 'Women in PPE' Campaign https://www.inddist.com/workforce-development/news/22889588/vallen-launches-women-in-ppe-campaign https://www.inddist.com/workforce-development/news/22889588/vallen-launches-women-in-ppe-campaign The company debuted its catalog of PPE and safety products geared for women. Fri, 08 Mar 2024 13:51:36 -0600 Workforce Development PTDA Foundation Raises Nearly $147K in First Stage of Fundraising Campaign https://www.inddist.com/associations/news/22889576/ptda-foundation-raises-nearly-147k-in-first-stage-of-fundraising-campaign https://www.inddist.com/associations/news/22889576/ptda-foundation-raises-nearly-147k-in-first-stage-of-fundraising-campaign Officials said the initiative is off to a strong start in 2024. Fri, 08 Mar 2024 11:58:50 -0600 Associations NIBCO Promotes New Sales VP https://www.inddist.com/staffing-changes/news/22889574/nibco-promotes-new-sales-vp https://www.inddist.com/staffing-changes/news/22889574/nibco-promotes-new-sales-vp Joe Choflet will assume oversight of marketing for plastic and metal fittings and valves. Fri, 08 Mar 2024 11:49:55 -0600 Staffing Changes U.S. Employers Add Surprisingly Strong 275K Jobs https://www.inddist.com/economy/news/22889519/us-employers-add-surprisingly-strong-275k-jobs https://www.inddist.com/economy/news/22889519/us-employers-add-surprisingly-strong-275k-jobs The report also gave the Federal Reserve a dose of encouraging news on wage levels. Fri, 08 Mar 2024 09:46:48 -0600 Economy Union Announces Strike at Graybar https://www.inddist.com/operations/news/22889501/union-announces-strike-at-graybar https://www.inddist.com/operations/news/22889501/union-announces-strike-at-graybar The Teamsters union said the employees want to be included in the company's profit-sharing program. Fri, 08 Mar 2024 08:56:15 -0600 Operations Grainger Nominates Stericycle CEO to Board https://www.inddist.com/staffing-changes/news/22889478/grainger-nominates-stericycle-ceo-to-board https://www.inddist.com/staffing-changes/news/22889478/grainger-nominates-stericycle-ceo-to-board Cindy Miller has also held executive positions at UPS. Thu, 07 Mar 2024 16:09:04 -0600 Staffing Changes K2 Fasteners Partners with Private Equity Firm https://www.inddist.com/operations/news/22889462/k2-fasteners-partners-with-private-equity-firm https://www.inddist.com/operations/news/22889462/k2-fasteners-partners-with-private-equity-firm K2 is a master distributor of stainless steel and other corrosion-resistant fasteners. Thu, 07 Mar 2024 13:33:37 -0600 Operations Fastenal Receives 'Silver Medal' for Sustainability Efforts https://www.inddist.com/awards/news/22889461/fastenal-receives-silver-medal-for-sustainability-efforts https://www.inddist.com/awards/news/22889461/fastenal-receives-silver-medal-for-sustainability-efforts The distributor ranked among the top 25% of all rated companies. Thu, 07 Mar 2024 13:25:58 -0600 Awards Ascent Lifting Acquires CERTEX USA https://www.inddist.com/mergers-acquisitions/news/22889459/ascent-lifting-acquires-certex-usa https://www.inddist.com/mergers-acquisitions/news/22889459/ascent-lifting-acquires-certex-usa CERTEX's chief executive is the new CEO of Ascent. Thu, 07 Mar 2024 13:21:13 -0600 Mergers & Acquisitions MiddleGround Capital Acquires Engineering Services Company https://www.inddist.com/mergers-acquisitions/news/22889455/middleground-capital-acquires-engineering-services-company https://www.inddist.com/mergers-acquisitions/news/22889455/middleground-capital-acquires-engineering-services-company IT8 provides mechanical, electrical, programming and construction services. Thu, 07 Mar 2024 13:01:37 -0600 Mergers & Acquisitions Tompkins Solutions, Softeon Form Strategic Partnership https://www.inddist.com/technology-software/news/22889451/tompkins-solutions-softeon-form-strategic-partnership https://www.inddist.com/technology-software/news/22889451/tompkins-solutions-softeon-form-strategic-partnership The companies aim to deliver intelligent software to optimize warehouse operations. Thu, 07 Mar 2024 12:46:26 -0600 Technology & Software DXP Annual Sales Up 13% After Narrow Q4 Increase https://www.inddist.com/earnings/news/22889444/dxp-annual-sales-up-13-after-narrow-q4-increase https://www.inddist.com/earnings/news/22889444/dxp-annual-sales-up-13-after-narrow-q4-increase The company’s full-year net income jumped by more than 40%. Thu, 07 Mar 2024 12:04:26 -0600 andy@ien.com (Andy Szal) Earnings Distribution Solutions Group Posts Loss Despite Higher Sales https://www.inddist.com/earnings/news/22889404/distribution-solutions-group-posts-loss-despite-higher-sales https://www.inddist.com/earnings/news/22889404/distribution-solutions-group-posts-loss-despite-higher-sales The company blamed a tough fourth quarter on “isolated” headwinds. Thu, 07 Mar 2024 10:11:03 -0600 andy@ien.com (Andy Szal) Earnings SEC Approves Rule Requiring Some Companies to Report Greenhouse Gas Emissions https://www.inddist.com/operations/news/22889377/sec-approves-rule-requiring-some-companies-to-report-greenhouse-gas-emissions https://www.inddist.com/operations/news/22889377/sec-approves-rule-requiring-some-companies-to-report-greenhouse-gas-emissions The measure included last-minute revisions amid strong pushback from industry. Thu, 07 Mar 2024 09:04:12 -0600 Operations Wall Street's 'Magnificent 7' Shrinks to 4 https://www.inddist.com/economy/news/22889373/wall-streets-magnificent-7-shrinks-to-4 https://www.inddist.com/economy/news/22889373/wall-streets-magnificent-7-shrinks-to-4 The small group of stocks driving the stock market to records is getting even smaller. Thu, 07 Mar 2024 08:58:00 -0600 Economy