Distribution Industry News
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Ferguson Sales Down 2% in Third Quarter 2023
Sales for the first nine months were up 6.3%.
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Proton.ai Partners with Infor on AI-Backed CRM Integration
The partnership integrates Proton’s AI-powered CRM with Infor CloudSuites.
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Core & Main Sales Down 1.5% in First Quarter 2023
Core & Main profit hits $133M.
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Fastenal May 2023 Sales Up 10.2% YoY
Daily sales for Fastenal rose in the U.S. by 4%.
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Motion & Control Enterprises Acquires Power & Pumps and Industrial Control Services
Acquisitions expand MCE’s reach in Florida and Michigan.
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Rexel to Acquire Dutch HVAC Distributor Wasco
Sale valued at 9.2X EBITDA.
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Manufacturing PMI Falls to 46.9% in May 2023
This is the sixth consecutive month of contraction for the index.
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Sonepar Acquires Billows Electric Supply
Billows adds 19 locations to Sonepar’s footprint.
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April 2023 Construction Spending Up 7.2% from Last Year
Year-to-date, construction spending is up 6.1%.
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Parts Town Unlimited Reports 20% Organic Growth in Q1 2023
Parts Town expects to reach $2.4 billion in sales in 2023.