Distribution Events
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Distribution Industry News
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Distributor mSupply Names a New Executive
Richard Garza has more than a decade of human resources leadership experience, including work on mergers and acquisitions, HR information system implementations and migrations, and compensation and benefits strategy,
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SupplyHouse Launches $100,000 Contest for Skilled Tradespeople
The Melville, New York-based company said its Day Savers contest will award $10,000 each to 10 tradespeople nominated for helping customers, families, coworkers, or communities.
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Judge Rejects First Brands Chapter 11 Plan, Moves Case Toward Liquidation
Under Chapter 7, a court-appointed trustee would take control of the remaining bankruptcy estate, oversee the sale of remaining assets, and determine how available proceeds are distributed to creditors.
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U.S. Wholesale Inventories Rise 1.3% in July
Capital goods imports increased 11.3% from June to $140.1 billion and were 46.9% higher than a year ago.
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Grainger Buys AWM Technology Assets for $210 Million to Expand Inventory Management
Adroit Worldwide Media, or AWM, develops technology that uses artificial intelligence, computer vision, and sensors to automate inventory tracking and replenishment.
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OmniCable Acquires Kingwire, Expanding Supply Network for Electrical Distributors
The acquisition also gives OmniCable greater access to the utility market and strengthens its position in data centers, industrial facilities, and renewable energy.
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Veritronics Launches as New AIDC Distributor
The company said it was founded by AIDC industry veterans who saw an opportunity to compete with established providers by pairing technology distribution with more direct technical and customer support.
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Manufacturing Worker Displacement Jumps, Raising Demand Questions for Distributors
The latest BLS figures do not indicate an across-the-board manufacturing contraction. They do show that displacement has accelerated among manufacturers, particularly durable goods producers.
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Titan Machinery Q2 Sales Fall 9.2% as Agriculture, Europe Demand Weakens
Titan’s agriculture business, its largest segment, reported second-quarter sales of $310.2 million, down 10.3% from $345.8 million a year earlier. The company attributed the decline to softer equipment demand as farmers continued to face pressure on profitability.
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RNDC Bankruptcy Moves into Asset Wind-Down as Distributor Sheds Leases
In its court-supervised restructuring, RNDC said it intends to pursue potential sales while carrying out an orderly wind-down of its remaining operations.