Office Depot's lawsuit against HD Supply for alleged poaching garnered by far the most attention on ID, while the rest of this past week was jam-packed with mid-range news, forcing us to overstuff our Friday newsletter.
Here's this week's Top 5
Office Depot Sues HD Supply Over Employee Poaching, Trade Secrets: Office Depot filed a lawsuit last week claiming HD Supply of recruiting away pricing and profitability employees from Office Depot to exploit market knowledge and win customer contracts.
SKF USA To Close Kansas Sealing Plant, Cutting 170 Jobs: SKF's Sealing Solutions factory in Seneca, KS will be closed, with production moving to a new facility in Salt Lake City, UT. The consolidation will result in a reduction of 170 jobs.
Purvis Industries Strengthens Texas Capabilities, Acquires A&W Bearings & Supply: Purvis Industries has acquired fellow Dallas, TX-based distributor A&W Bearings & Supply Co., which has served the North and East Texas markets for more than 41 years.
Würth Industry North America Acquires Weinstock Bros. To Boost Fastening Portfolio: As the fifth acquisition in three years for WINA, Weinstock specializes in supplying high strength structural bolts, tools and equipment for some of the most demanding structural steel building and bridge construction projects.
GSA Extends Contract With Grainger For Government Customers: Grainger first entered its contract with the General Services Administration in 1999 and has seen more than $2 billion in sales from it. The new deal can be renewed for three additional five-year terms. Last week's Top 5