BlackHawk Industrial CEO Bill Scheller chatted with ID editor Mike Hockett during 'Distributor Booth Day' Sunday during the ISA Convention in Cleveland, where Scheller discussed the company's overall expansion strategy.
The industrial distribution market provided a bounty of news this week as a handful of...
United Stationers' 2014 acquisitions of CPO and MEDCO increased industrial supplies sales nearly...
Citing reduced Q1 demand in its industrial market, WESCO slightly revised its full year outlook...
Both Motion Industries and EIS had modest year-over-year sales increases, while Motion Industries posted a solid profit gain.
A $225 million defense contract announced earlier this month pushes SupplyCore's guaranteed MRO supply business over the $1 billion mark over the next 5 years.
The program builds on the history around the original Anixter Levels program for twisted-pair cabling by simplifying the selection of the correct products in a market where there is a void in adopted standards.
Grainger dominates this week's Top 5 with a sluggish quarterly financial report and news of potential expansion, while fellow Big 50 list companies Fastenal, MSC Industrial, and ERIKS-owned Lewis-Goetz were each big items as well.
Along with a disappointing quarterly earnings report, Grainger announced plans to extensively hire more sales reps and buy back $1 billion of stock in 2015.
As consolidation continues to increase, what MSC CEO Erik Gershwind said in the company's post-financial earnings conference call should give pause to other industrial distributors as to the importance of streamlining their supply chain efforts.
The acquisition gives WinWholesale 12 new locations that serve the lower Mid-Hudson Valley of New York, and brings its total location count to more than 570 in 45 states.
Slumping oil and gas business sales hurt the company's overall revenue, while a continued push in its industrial vending and hiring drove healthy profit growth.
The group had growth despite a downturn in local exchange rates, as sales would have declined in Europe and the U.S. if not for acquisitions.
Grainger has plans for a new 1-to-1.3 million square foot facility, scheduled for construction to start in 2016 and be operational in 2018.
After nearly three weeks of relative calmness on the merger & acquisition front, the past seven days have been M&A mania as several of ID's Big 50 companies and others have added to their reach.
SupplyCore's five-year, indefinite delivery/indefinite quantity contract will provide MRO supplies and services to Army, Navy, Air Force, Marine Corps, and federal civilian agencies.
Steve Ashmore will leave his post at the end of the April after 10 years with the company.
The news follows Wolseley's January announcement that it was looking to exit its building materials business in France.
Sawmill manufacturer Wood-Mizer recently recognized five suppliers for their level of support with its annual CREST Award.
Awarded to six out of its more than 560 companies, the honor represents segments including HVAC, industrial PVF, electrical, and turf irrigation.
Wolseley UK will implement the technology across its entire network by the end of the month, which allows delivery trucks to alert branch recipients when they are 20 minutes away.
The agreement covers all project requirements, MRO supplies, and the managing of all materials located at the largest oil and gas warehouse facility in the San Joaquin Basin.
The addition expands DXP's Metal Working division and provides a cutting tool beachhead in the Pacific Northwest and California.
Tumbling oil prices and soft export demand led to a disappointing financial quarter for MSC, which also announced a significant expansion to its line of Hertel metalworking products.
The acquisition enables ERIKS to enhance its client base in the U.S. oil and gas industry, and further strengthens its product and service offerings to existing and new customers.
Adding Pioneer is a new geographical penetration by BlackHawk and will deepen its technical solutions sales focus in a new market.
Recently moved into a new 6,000 square foot facility, Motion Industries' history in Mattoon spans four decades.
It is Applied's third consecutive five-year renewal of the contract, which covers more than 350,000 products.
New roll outs from Grainger and Amazon had the industry's Internet abuzz over the past few days, while distributor thought leadership pieces on keeping a sales edge and partnering with manufacturers for growth were other big items for ID.
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