During the month, MDM reported on 43 mergers and acquisitions among distributors and manufacturers, the second most in any month this year.
GM followed suit days after the autoworkers union reached a deal with Ford and Stellantis.
The company reported double-digit organic sales growth in commercial aviation, defense and space and process solutions.
The deal further boosts their geosynthetics offerings, two months after the opening of a new Southern California facility.
Year-over-year sales declines continued at the toolmaker, but gross margin and operating margins improved substantially.
While the tentative deal ends Ford-related strikes, thousands of UAW members remain on strike at at General Motors and Stellantis.
Net sales for the first quarter of the company’s fiscal year were $1.1 billion, an increase of 3.1% over the prior year.
While total sales growth continued to slow from earlier in the year, it still far outperformed the MRO market.
Four manufacturing companies will merge to create a single-source provider of full-service manufacturing and fabrication solutions.
DSG’s new facility in Butte, Montana, will serve as a central distribution point for the distributor’s other locations in the state.
In the second of his three-part series, Randy MacLean shows the manageable metrics that drive operational efficiency and guide labor assignments.
Earlier this week, the 40-day strike expanded to a General Motors plant in Texas, where 5,000 workers walked out.
