-
MSC Industrial Acquires Tower Fasteners
Tower Fasteners President Mark Shannon will continue to lead the business under its current name.
-
Rexel Reports Second-Quarter Sales Up 12%
North American sales for the electrical distributor were up 17.2% year-over-year.
-
SBP Holdings Acquires Mattson Distributing Company
The acquisition expands SBP Holdings’s presence in Idaho.
-
Dakota Supply Group Acquires Brown Supply Company
With 4 locations across Eastern Iowa, Brown Supply is a distributor of waterworks products.
-
Motion Industries Taps New SVP of Corporate Accounts
Lisa Solomon will lead Motion’s corporate accounts in North America.
-
Winsupply Acquires First Source Electrical
First Source is a full-line distributor of commercial, multi-family, residential and low-voltage electrical supplies.
-
June Construction Spending Up 8.3% YOY
During the first six months of 2022, construction spending was $848.2 billion, a 10.7% increase from the prior year period.
-
ASA Members Report Median Sales Growth of 22% in June
Analyst cautions that increases should be viewed through a cautionary lens due to inflation.
-
AD Reports Sales Up 29% in First Six Months
Purchases by member companies from AD supplier partners were up a record 31% to $9.81 billion.
-
ISM: July Manufacturing PMI at 52.8%, Indicating Expansion
The U.S. manufacturing sector continues expanding as new order rates continue to contract, supplier deliveries improve, and prices soften.