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Fastenal Sales Up 16% in Q3 2022
Fastenal reports September net sales of $604 million, a 13.7% increase from the prior-year period.
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Stellar Industrial Supply Acquires Triad Tooling
Triad Tooling is a manufacturer of custom tooling systems, tool holders and boring bars.
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Optimas Solutions Appoints Mike Tuffy and Daniel Harms as Dual CEOs
Optimas introduced an organizational structure in 2020 that established autonomous, yet connected, business units.
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APPLIED Adhesives Acquires Rochester Industrial Supply Company’s Adhesive Division
The adhesives division of Rochester Industrial Supply is a specialty adhesive distributor.
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Envoy Solutions Acquires 7 Companies from the Enterprises Group
The Enterprises Group of companies specializes in facility supplies, foodservice and commercial flooring.
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Shorehill Capital Forms Ascent Lifting Inc.
The new company combines two distributors, which the firm recently acquired.
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Imperial Dade Canada Acquires Boudreault Packaging
The acquisition expands Imperial Dade’s presence in Canada.
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August Construction Spending Up 10.9% YTD
August construction spending was up from August 2021, but down slightly from July.
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ISM: September Manufacturing PMI at 50.9%
PMI falls to 50.9% for September, indicating ongoing sector expansion.
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Turtle & Hughes Invests in Cadenza Innovation
Turtle & Hughes’ investment builds on existing supplier relationship.