Distribution Events
Thought Leadership and Software for Wholesale Change Agents
Economics & Market Data
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Ferguson Closes $1.6 Billion FloWorks Deal, Expands Industrial Distribution Reach
The deal gives Ferguson a larger position in specialized industrial flow-control markets. FloWorks distributes technical valves and flow-control products and provides related services, adding capabilities in valves, automation, rotating equipment and fluid handling to Ferguson’s existing portfolio.
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Essendant Hit with Three Vendor Lawsuits as Financial Pressure Mounts
The lawsuits come as Essendant has told government agencies it is considering transactions involving some of its assets and operations and seeking additional capital to avoid liquidation.
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Noble Supply & Logistics Files Chapter 11 as Defense Contract Problems Mount
For distributors, Noble’s collapse illustrates the potential downside of building inventory and working-capital requirements around a large customer contract.
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D-Tools and Portal.io Merge to Combine Integration Software Platforms
The combined company said it plans to continue expanding in commercial and international markets while maintaining existing relationships with distributors, buying groups and industry associations.
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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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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.