To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password? The post A Study of Sonepar’s North American Acquisition Journey appeared first on Modern Distribution Management ..read more

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Electrical distributor Van Meter Inc. will expand its presence in Cedar Rapids, IA with a 60,000-square-foot building to support increased customer demand for value-added services and specialized inventory. The expansion allows Van Meter to further invest in on-hand inventory and offer its customers services such as order staging, material kitting, customized wire solutions and enclosure modification. “A tight labor market has customers looking to us for much more than products,” Van Meter Chief Operating Officer Nate Jensema said in a May 1 news release. “More than parts, we want to be a dist ..read more

Just last month, Atlanta-based White Cap made two acquisitions to expand its rebar and structural steel product capabilities, and boost its presence in the U.S. Northwest. Now in its third deal of the year, the construction and safety supplies distributor will add Michigan-based safety product and equipment distributor National Ladder & Scaffold Co. “For nearly 90 years, National Ladder has served as a trusted supplier of safety products across the Midwest, and we know their experienced associates, product offerings and established locations will strengthen our ability to provide broader a ..read more

Houston-based oilfield products distributor DNOW reported its 2024 first quarter financial results on May 10, showing year-over-year declines in sales, margins and profits. The company posted 1Q total sales of $563 million, down 4% year-over-year, following gains of 1.5% in 4Q23 and 1.9% in 3Q23. Sequentially, sales improved 1.4% vs. 4Q23. DNOW’s 1Q U.S. sales increased 2% year-over-year, driven by the company’s completed acquisition of PVF and automation products distributor Whitco Supply (Broussard, LA). That deal gained DNOW about 230 employees across eight locations in Louisiana, Texas, Ne ..read more

Houston-based pumps, pumping equipment and industrial supplies distributor DXP Enterprises reported its 2024 first quarter financial results on May 8, showing a modest annual sales decrease and sequential increase. The company posted 1Q total sales of $413 million, down 2.7% year-over-year and up 1.4% from 4Q23. Gross margin of 30.0% was up 50 basis points year-over-year. By DXP business segment during 1Q24: Service Centers sales of $288 million were down 5.7% year-over-year, with a 14.0% operating margin Innovative Pumping Solutions sales of $62 million jumped 21.0% year-over-year, with an 1 ..read more

Houston-based oilfield products distributor DNOW reported its 2024 first quarter financial results on May 10, showing year-over-year declines in sales, margins and profits. The company posted 1Q total sales of $563 million, down 4% year-over-year, following gains of 1.5% in 4Q23 and 1.9% in 3Q23. Sequentially, sales improved 1.4% vs. 4Q23. DNOW’s 1Q U.S. sales increased 2% year-over-year, driven by the company’s completed acquisition of PVF and automation products distributor Whitco Supply (Broussard, LA). That deal gained DNOW about 230 employees across eight locations in Louisiana, Texas, Ne ..read more

Two New England-based industrial distributors are set to merge, combining their resources to better serve customers. Pembroke, NH-based Abrasives & Tools of N.H. Inc. (ATNH) shared May 6 that it will merge with Gorham, ME-based Northern Tool Supply Co., which will rebrand as Northern Tool Supply, a division of ATNH. ATNH brands itself as an independent industrial distributor serving the U.S. northeast since 1967 with cutting tools and abrasives, along with coolant, safety products and vending solutions. NTS, meanwhile, is a third-generation, family-owned distributor with a focus on water-b ..read more

Two New England-based industrial distributors are set to merge, combining their resources to better serve customers. Pembroke, NH-based Abrasives & Tools of N.H. Inc. (ATNH) shared May 6 that it will merge with Gorham, ME-based Northern Tool Supply Co., which will rebrand as Northern Tool Supply, a division of ATNH. ATNH brands itself as an independent industrial distributor serving the U.S. northeast since 1967 with cutting tools and abrasives, along with coolant, safety products and vending solutions. NTS, meanwhile, is a third-generation, family-owned distributor with a focus on water-b ..read more

Mission-critical material handling equipment maker Oshkosh Corporation is set to acquire Spain-based AUSACROP S.L. — a privately-held like maker of wheeled dumpers, rough terrain forklifts and telehandlers for the construction, material handling, agriculture, landscape and specialty equipment industries. Terms were not disclosed for the deal, which is expected to close within three months of the May 8 announcement. Upon completion, AUSA will become part of Oshkosh’s Access business segment. Oshkosh said that AUSA’s products will enhance its JLG line of telehandlers, as well as Hinowa trac ..read more