Operations

Rexel’s 2Q same-day sales climbed 6.7%, including 7.8% growth in North America, as data center projects, industrial automation and firmer pricing drove broad-based acceleration. The electrical distribution giant raised its full-year sales and profitability outlook.

Legal & Regulatory Issues

Article

NAW Awaits Ruling After Oregon EPR Trial

NAW presented its case challenging Oregon’s packaging EPR law during a July 13-17 federal trial in Portland, and a ruling is expected by the end of August. See the association’s statement on the matter.

Hose & Hose Accessories Distribution

Article

Continental to Sell ContiTech to Lone Star Funds for $4.6B

The pending sale would make Continental a pure-play tire manufacturer while putting ContiTech’s industrial rubber, hose, conveyor and fluid management portfolio under private equity ownership.

Expected to add about $200 in annual revenue, Flowserve said the Trillium Valves deal strengthens its position in nuclear and power generation markets while expanding its valve, actuation and aftermarket capabilities.