Distribution Industry News
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BlackHawk Industrial Acquires L.A. Tool & Supply Co.
L.A. Tool & Supply is BlackHawk’s third acquisition in Ohio in less than a year.
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Bostwick-Braun Company Acquires Mill Supplies Inc.
MSI serves Ohio and Indiana with power tools, abrasives, cleanroom, MRO and safety products.
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MRC Global Reports Sales Up 32% in Third Quarter 2022
U.S. sales were up 35% from the prior-year period for MRC Global.
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DXP Enterprises Sales Up 33.8% in Third Quarter
DXP’s growth was fueled by diversifying markets, selling innovative products and helping customers with environmental projects.
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Core & Main Acquires Lanier Municipal Supply Co. Inc.
Lanier Municipal is a distributor of water, wastewater, storm drainage, agricultural and irrigation products.
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Fastenal Hits $1 Billion in Year-to-Date eCommerce Revenue
Growth attributed to connecting ecommerce with Fastenal’s Onsite and Fastenal Managed Inventory programs.
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Wajax Corporation Third-Quarter Results Up 17.3% YOY
Growth driven by heavy equipment sales, particularly in the construction and forestry category.
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Fastenal’s October Sales Up 13.6% YOY
Fastenal’s daily sales in the U.S. rose by 14.1%.
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Distribution Solutions Group Organic Sales Grow 15% in Third Quarter
Actual growth was 162.8% due to the consolidation of results for Lawson Products, Gexpro Services and TestEquity.
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Motion & Control Enterprises Acquires Nightwine Valves & Actuation
Acquisition is MCE’s third of 2022 and seventh since 2021.