Distribution Industry News
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Core & Main Reports Sales Up 43.4% for Second Quarter 2022
Core & Main profit was up 5.8% for the period.
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U.S. Cutting Tool Orders Up 6.7% YOY in July 2022
Cutting tool orders were up 7.7% year to date.
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Manufacturing Technology Orders Down 14.3% YOY in July 2022
Year-to-date, manufacturing technology orders are up 8.7%, still up from a “typical year.”
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Ryerson Acquires Howard Precision Metals
Howard is an aluminum distributor specializing in value-added processing services.
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Wesco International Agrees to Acquire Rahi Systems
Rahi Systems is a provider of global hyperscale data center solutions based in Fremont, Calif.
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Imperial Dade Acquires International Sales & Marketing in Puerto Rico
ISM is a distributor of foodservice and janitorial sanitation products.
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Builders FirstSource Acquires Trussway
The acquisition expands Builders FirstSource’s footprint of roof and floor truss offerings.
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August Fastenal Sales Up 21.4% YOY
Manufacturing end-market sales rose by 23.5%.
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Avnet Appoints Ken A. Jacobson as Chief Financial Officer
Jacobson’s been with Avnet since 2013 and was previously the company’s corporate controller and interim CFO.
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DXP Enterprises Acquires Sullivan Environmental Technologies
Acquisition continues to scale water and wastewater efforts.