AFC Industries has burst onto MDM’s Top Industrial Distributors scene after several years of frequent acquisitions. We chat with CEO Kevin Godin about how the company has successfully managed all of its recent growth.
Total year-over-year sales growth of 5.9% was a sharp slowdown compared to 1Q, as daily sales slowed in each month during the quarter.
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The acquisition is AFC’s sixth of 2023 and 11th since AFC was acquired by Bertram Capital in April 2021.
MDM spoke with BlackHawk Industrial CEO John Mark to learn more about the company’s recent acquisition of Chattanooga-based Stock’d Supply.
It was the distributor’s weakest daily sales growth month since June 2021.
Hillman announced three promotions within its executive leadership team.
The fasteners distributor marks AFC’s fifth acquisition of 2023 and 10th since the company was privately acquired in April 2021.
The company’s year-over-year daily sales growth accelerated after several months of decline, powered by sales to manufacturing customers.
QFC represents AFC’s third acquisition of 2023 already and eighth since April 2021.
It was a deceleration from January’s 11.2% growth, but another solid month nonetheless.
MDM spoke with Field Fastener CEO Jim Derry to learn more about the company’s recent acquisition of Mid-State Bolt & Nut.
