While long-awaited positive fiscal earnings reports have populated the ID website lately, ID editor Mike Hockett's feature on what industrial distributors are saying about market recovery led content this past week, as well as his interview with Motion Industries CEO Tim Breen about Genuine Parts Company's recent investment in large Australia-based MRO distributor Inenco.
Here's this week's Top 5
Here’s What Industrial Distributors Are Actually Saying About Current Business Conditions: ID Editor Mike Hockett interviewed nearly a dozen small and mid-sized industrial distributors during the Industrial Supply Association Convention in Denver on April 23, asking if they are experiencing business recovery that matches numerous market reports. See what they had to say.
Wesco Aircraft Appoints New CEO, COO: Following the retirement of chief executive and president David Castagnola, the company has appointed Todd Renehan as its new CEO, while Alex Murray is Wesco's new president and COO.
Exclusive - Motion Industries CEO Talks Investment In Australia MRO Distributor Inenco: Genuine Parts Company recently invested a 35 percent stake in Sydney, Australia-based large MRO distributor Inenco, which further boosts GPC subsidiary Motion Industries. See what Motion Industries CEO Tim Breen told ID editor Mike Hockett about the development.
Ace Hardware To Restructure, Consolidate Northeast Distribution Network: Ace will open a new large distribution center in Fredericksburg, PA by Q1 2018, but close four other facilities in the northeast region.
Lincoln Electric Officially Acquiring Air Liquide Welding: Nearly two months after initially announcing they were in negotiation talks, Lincoln Electric and Air Liquide each announced Thursday that the companies have reached an agreement for Lincoln Electric to acquire subsidiary Air Liquide Welding for approximately $125 million.