Distribution Industry News
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Single-Family Housing Starts Fall to Two-Year Low
NAHB: Price growth will slow significantly this year, but a housing deficit relative to demographic need will persist.
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Pool Corporation Sales Up 15% in Second Quarter 2022
Sales were challenged by unfavorable weather, but benefited from a growth in installed base, robust demand and heightened customer interest in enhanced customizations.
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OTC Industrial Technologies and Quincy Compressors Partner to Expand Footprint
OTC and Quincy will partner in the expansion of two OTC locations in Phoenix, Ariz., and Las Vegas, Nev.
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Munch’s Supply Acquires Two Companies
With this acquisition, the distributor will have 71 branches in 17 U.S. states and one Canadian province.
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Core & Main to Acquire Inland Water Works Supply Co.
Inland Water Works Supply provides products for new water and sewer construction, as well as for the maintenance and repair of existing water and sewer systems in Southern California.
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BlackHawk Industrial Makes Acquisitions in the Northwest and Florida
The industrial distributor acquires Cornerstone Supply and two Intermountain Machining Supply locations.
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Fastenal Company Reports Sales Up 18% in Q2 2022
Fastenal’s sales hit $1.7 billion in the second quarter
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Avnet Announces CFO Leadership Change
Beginning Sept. 6, corporate executive Kenneth A. Jacobson, Avnet’s corporate controller, will take the role.
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US LBM Acquires Foxworth-Galbraith Lumber Company
Foxworth-Galbraith serves professional builders, commercial contractors and homeowners across 28 locations.
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Rexel USA Agrees to Acquire Horizon Solutions
Acquisition expands Rexel’s presence as an authorized Rockwell Automation distributor in the Northeast.