It was a big week on ID as items involving Motion Industries, MSC Industrial and Grainger joined the news of Applied Industrial Technologies' acquisition of FCX Performance — perhaps the biggest MRO market acquisition news in several years.
Here's this week's Top 5
Exclusive - Motion Industries' President On E-Commerce, The Amazon Effect & More: See what Motion Industries president Tim Breen told ID editor Mike Hockett about the company's e-commerce status and strategy, how it views Amazon in the B2B/MRO space and more.
Applied Industrial Technologies To Acquire FCX Performance: Tuesday became a remarkable day in the industrial products market, as Applied Industrial Technologies announced it will acquire fellow prominent distributor FCX Performance in a deal sure to send shockwaves through the MRO supplies space.
Motion Industries Announces Executive Promotions: Motion Industries announced a trio of promotions for two executive vice president positions and one senior vice president position.
Another Great Sign For MRO Market: MSC's Q1 Sales & Profits Surge: Metalworking products giant MSC Industrial Supply kicked off the latest quarterly reporting period Wednesday, showing that its sales and profits considerably outpaced its growth in 2017.
Illinois Man Who Stole From Grainger DC Faces Restitution Up To $399K: A Joliet, IL man may have to pay up to $399,000 in restitution after stealing $80,000 worth of items from Grainger's Minooka distribution center in 2016.