Distribution Industry News
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Endries International Appoints New President and CEO
Michael Knight will be the distributor’s new leader, effective Nov. 28, 2022.
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September Construction Spending Up 10.9% YOY
During the first 9 months, construction spending was 11.4% higher than the same period in 2021.
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Affiliated Distributors Member Sales Up 26% Through First Nine Months
AD reported record member sales of $55.8 billion through the first nine months of 2022.
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Grainger Reports Sales Up 16.9% in Third Quarter 2022
Year to date, Grainger’s sales were $11.4 billion, up 24% from the prior-year period.
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Avnet Reports Sales Up 21% in First Quarter 2023
Avnet’s sales in the Americas were $1.7 billion.
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Rexel Sales Up 16.3% in 2022 Third Quarter
Sales for North America were up 17.3% for Rexel.
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NorthEast Electrical Acquires Rockingham Electrical Supply
Sonepar subsidiary NorthEast Electrical adds 10 branch locations.
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Graybar Sales Up 20.6% to $2.8B in Third Quarter 2022
Graybar sales for the first nine months of 2022 are up 21.7%.
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Applied Industrial Technologies Sales Up 19.1% in First Quarter 2022
Applied Industrial said demand remains “relatively firm.”
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SRS Distribution Acquires Metro Roofing & Metal Supply Co. Inc.
Metro Roofing & Metal Supply is headquartered in Nashville, Tenn.