Distribution Industry News
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Fastenal’s January Sales Up 11.2% YOY
Daily sales in the U.S. rose by 11.2%.
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Pye-Barker Acquires IT&M Division Inc.
The acquisition allows Pye-Barker to offer sprinkler testing to its customers.
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Winsupply Inc. Announces Jeffrey M. Dice as President
Dice currently serves as the president of Winsupply Equity Group.
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Avnet Sales Up 14.5% in Fiscal 2Q 2023
Avnet profits were up 61.7% in the quarter.
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MCE Acquires Precision Pump & Valve
The acquisition is MCE’s eighth since 2021.
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Grainger Reports Sales Up 16.9% to $15.2B in 2022
Grainger’s sales in the fourth quarter were up 13.8%.
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Imperial Dade Acquires Focus Packaging & Supply Co.
Focus Packaging, Fresno, Calif., is a distributor of foodservice packaging and janitorial supplies.
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Affiliated Distributors Combined Owner-Member Sales Up 28% in 2022
Purchases by member companies from AD supplier partners were $20.3 billion.
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December Construction Spending Up 7.7% from Prior Year
Construction spending in 2022 was up 10.2%.
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Field Merges with Mid-State Bolt and Nut Company, Inc.
Mid-State Bolt, Columbus, Ohio, is a full-line fastener distributor founded in 1946.