Distribution Industry News
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Sonepar Acquires Masibus in India
This acquisition will expand Sonepar’s geographical presence in the West and South of India and add new services.
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Volition Launches Online Marketplace for Hardware
The platform’s catalog features millions of SKUs.
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Grainger Teams Up with The Mom Project
The goal for Grainger is to both grow the number of women in the workforce, but also expand its reach.
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Kaman Agrees to Acquire Parker-Hannifin Aircraft Wheel & Brake Division
Kaman expands its engineered products segment by agreeing to acquire Parker-Hannifin Aircraft Wheel & Brake division.
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AD Industrial & Safety U.S. Division Reports Record Distributions in 2021
Division reported net distributions to AD members grew by 49% in 2021 to $1.12 billion.
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Arrow Electronics Names President of Global Components
Kirk Schell succeeds David West and will report directly to Arrow CEO Sean Kerins.
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IDEA Acquires Data Management Provider DATAgility
Acquiring DATAgility helps position IDEA to accelerate the Harmonized Data Model Initiative.
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Lowe’s 1Q Sales Down 4% YOY; Pro Customer Sales Up 20%
Comparable sales for the U.S. home improvement business fell 3.8% for the first quarter.
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The Home Depot 1Q Sales Up 3.8% YOY
Comparable sales in the U.S. were up 1.7%.
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Turtle & Hughes Names New Vice Presidents
CEO says promotions represent leaders’ history of designing and delivering solutions that achieve customers’ goals for performance and sustainability.