It's been another busy week of news and content here on Industrial Distribution. Major names Sonepar USA, SunSource, Fastenal and MSC Industrial were all involved in the top items.
Here's this week's Top 5
Sonepar USA Announces New VP Of Business Development: Former Graybar vice president and 2014 NAED Trailblazer award winner Tammy Livers has joined Sonepar USA as VP of business development, where she is responsible for helping the company implement organic and strategic growth opportunities.
HD Supply Waterworks Buyer Now Acquiring SunSource: Clayton, Dubilier & Rice — the same private investment firm that bought HD Supply Waterworks for $2.5 billion this summer — announced Thursday that it is acquiring the majority of SunSource Holdings, one of the largest distributors of hydraulic and pneumatic fluid power products in the U.S. and Canada.
Q&A - What The GOP Tax Plan Means For Distributors & Manufacturers: The Trump administration has its $6 trillion tax plan that boasts massive tax cuts for corporations. ID chatted with Sikich LLP tax partner Jim Brandenburg to discuss distributors' pain points with the current tax system, and what implications may arise from the proposed tax plan.
Fastenal Rings Nasdaq Opening Bell, Reports More Strong Sales In October: Monday was a big day for Fastenal as it had the honor of ringing Nasdaq's market opening bell, while the company also reported its October sales information, showing continued strong sales gains last month.
MSC Industrial Pushes 'Better MRO' Information Hub: MSC Industrial Supply has recently launched a new 'Better MRO' information hub on its website — packed with insightful articles, videos and learning tools to help MRO product consumers educate themselves with a centralized knowledge bank.
