The company noted that while 2Q sales were disappointing, gross margin improvement stemmed from internal improvements.
It follows the news that the distributor is selling its wholesale hardware unit to House-Hassan.
Mars Supply President Bob Mars joins to discuss his company’s century milestone and what it’s taken to achieve it, what has changed in distribution in his 47 years there, and what hasn’t.
The shuttered multifamily property maintenance supply distributor’s Phoenix DC contents are live for online bidding through March 21.
The private equity firm will add a 144-year-old manufacturer of precision tools, cutting tools and metrology systems to its portfolio.
Full-year operating and net profit jumped more than 40% vs. 2022.
Acquisitions drove nearly all of DSG’s growth in 2023, which marked its first full calendar year since forming in early 2022.
Non-heavy manufacturing, non-residential construction and reseller end markets outperformed January.
The company’s biennial Grainger Show customer event perfectly demonstrated how the distributor is hyper-focused on customer solutions — just one of which is its expansive product assortment.
The company’s biennial Grainger Show customer event perfectly demonstrated how the distributor is hyper-focused on customer solutions — just one of which is its expansive product assortment.
The distributor saw healthy 4Q organic growth, too, with comparable sales up 5.1% excluding GIC’s May 2023 acqusition of Indoff.
It will divest the industrial MRO unit out of Wesco, while considerably bolstering Vallen’s product and services offerings.
