Distribution Industry News
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Applied Industrial Technologies 3Q 2022 Sales Up 16.6%
Applied Industrial’s sales increased 14.7% on an organic daily basis.
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BlackHawk Acquires 2 Businesses, Expands Presence in Northeast
BlackHawk Industrial has added JJ Industries of Connecticut, Inc. and its affiliate Jet Tool & Cutter.
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Grainger 1Q 2022 Sales Up 18.2%
Grainger growth was driven by performance in High-Touch Solutions and Endless Assortment segments.
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L&W Supply Acquires DWS Building Supply
The acquisition includes two locations in Texas and New Mexico.
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Sonepar and Mirakl Team Up to Develop New Marketplace in France
It is the first B2B electrical supplies distribution marketplaces in the country.
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Graybar Sales Up 25.3% in 1Q 2022
Profit for the first quarter was the highest quarterly net income in company history.
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Affiliated Distributors Appoints New President of Electrical & Industrial Business Unit
Marisol Fernandez will be returning to the company as President of Electrical and Industrial Business.
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February 2022 US Cutting Tool Orders Up 12.1%
The total was up 4.8% from January’s $159.9 million.
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Watsco Sales Grow 34% in 1Q 2022
Sales for the HVACR distributor were $1.52 billion in the first quarter.
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New South Construction Supply to Acquire American Contractors Supply
American Contractors Supply is an Atlanta-based distributor and supplier of tilt-up products.