Headline regulars Amazon, HD Supply and Fastenal were among the big items on ID this past week, while Parker Hannifin made another acquisition and UPS offered industrial distribution market insight.
Here's this week's Top 5
The Increasing Threat Of Amazon Business To Distributors: Jack Keough discusses Amazon Business director Rob Green's presentation at last week's NAW Executive Summit, where Green shared details about the Amazon offshoot's plans and expectations for the near future. Jack elaborates on the now infamous question for distributors: Is Amazon a friend, or foe?
Report: HD Supply May Sell Waterworks Unit: Reuters reports that HD Supply is exploring a sale of its Waterworks unit that could fetch more than $2 billion as it positions its construction and facilities maintenance businesses to benefit from President Trump's emphasis on infrastructure spending and tax reform.
Parker Hannifin Acquires Actuator Maker Helac Corporation: Parker has acquired Enumclaw, WA-based Helac Corporation. which specializes in the design and manufacture of helical rotary actuators, known for their torque output, compact dimensions, high load-bearing capability and rugged, reliable performance. The company also manufactures a line of attachments primarily for use in material handling and construction equipment markets. It's the second major acquisition for Parker in the past three months, as the company announced a $4.3 billion purchase of CLARCOR in December.
Fastenal Adds Nearly 400 Store Personnel In January As Sales Growth Persists: Fastenal's daily sales had year-over-year growth for a seventh-straight month in January and grew by the second-biggest margin in the past year. Meanwhile, the company added 388 employees to its stores during the month.
Q&A - UPS On The Major Factors Impacting Industrial Distribution: ID recently chatted with Simon Bhadra, a senior marketing manager for UPS's industrial distribution segment, to get his ideas on current and future industry trends regarding mergers & acquisitions, e-commerce, technology and buying behavior.