The deal will increase Singer Industrial’s North American presence to roughly 85-plus locations with over 1,000 employees.
The new campus, located in Long Beach, includes an 1,800-square-foot showroom and a 20,000-square-foot warehouse.
The company reported 1Q 2023 gross profit of $98.4 million, down from the $107.8 million reported during the same quarter in 2022.
Codale Electric, a Sonepar company, announced the opening of its new Nampa, Idaho, branch location.
MDM reported on 40 acquisitions in April, nearly double the amount reported during a relatively slow period in March.
The earnings call comes two weeks after Amazon said its Business segment was driving $35 billion in annualized gross sales by end of 2022.
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
Material resource planning has sufficed in distribution for decades, but it’s time to invest in technology that will further improve procurement strategies.
The change includes a 0.7% increase from acquisitions, offset by a negative 0.3% impact from foreign currency translation.
After a strong finish to 2022, Grainger maintained that momentum in 2023’s first quarter, according to its latest earnings report.
Boeing Distribution will be the exclusive distributor of approximately 600 actuation and control products.
The company reported a 2% increase in sales over the same quarter in 2022 to a ‘record’ $1.55 billion.
