Distribution Industry News
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Pool Corporation Reports First-Quarter Sales Up 33%
Healthy contractor backlogs continued to drive sales growth.
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Border States to Acquire Advance Electrical Supply Co.
Advance Electrical Supply is based in the Chicago area and is focused primarily on construction markets.
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Motion Industries 1Q Sales Up 33.6%
Industrial sales have increased 17.9% since Genuine Parts Company acquired Kaman Distribution Group.
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March Housing Starts Up 3.9% Year Over Year
Building permits in March were up 6.7% year over year.
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U.S. Industrial Production Up 8.1% for First Quarter
Capacity utilization climbed to 78.3% in March.
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Summit Electric Supply Names New Vice President of Operations
Dwayne Roberts has joined the electrical distributor. Previously he was with Graybar.
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MSC Announces New Chief Digital Information Officer
John Hill joins MSC after previously serving as Vice President, Solutions Delivery at W.W. Grainger.
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Genuine Parts Company Announces European Acquisition
Subsidiary Alliance Automotive Group acquires Lausan Group in Spain.
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Industrial Supply Association Awards Karl M. Weiler with Lifetime Achievement Award
The award is ISA’s highest distinction and honors outstanding individuals in the MROP channel.
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Lowe’s Appoints New Chief Financial Officer
Dave Denton is stepping down to pursue another opportunity.