News involving several executive appointments and Staples being privately acquired were big items this past week, as was one analyst's take on Grainger's e-commerce impact on the rest of the market's industrial sales cycle.
Here's this week's Top 5
Former HD Supply Exec. Appointed New CEO Of Distribution International: Steven Margolius is now president and CEO of mechanical insulation distributor/manufacturer Distribution International, having served in a series of executive roles at HD Supply over the last 4 years.
What Rising Online Sales Mean For The Average Industrial Sales Cycle: Grainger's prediction that 80 percent of its sales will happen online by 2022 is a visualization of how much has changed in the industrial sales cycle and where it is headed. Here, Fred Yee discusses the implications that e-commerce is having and will have on the average industrial distributor.
Staples Agrees To Be Privately Acquired For $6.9 Billion: Staples and private equity firm Sycamore Partners announced Wednesday they have reached an agreement for Sycamore to acquire the office supplies retailer in a deal valued at approximately $6.9 billion.
NTN Bearings Realigns Industrial & Automotive Aftermarket Sales Organization: Mt. Prospect, IL-based NTN Bearings has announced personnel moves in both its Industrial and Automotive Aftermarket divisions that realign its sales efforts in each area.
Timken To Buy Dutch Lubrication Supplier Groeneveld For $280M: As Timken's fifth announced acquisition in the past 12 months, Netherlands-based Groenveld is a provider of automatic lubrication solutions used in on- and off-highway applications. Timken is purchasing the company for approximately $280 million.