SBD’s Tools & Outdoor segment drove the overall margin improvement, as Industrial dipped slightly.
The MRO supplies distribution giant expects the 1.2-million-square-foot facility to open in 2026.
It follows several years of transformation for the distributor of fluid handling, sealing and material conveyance supplies and solutions.
In the past 2 years, Singer Industrial divested a business unit, rebranded, made over a dozen acquisitions and added plenty of greenfields. CEO Craig Osborne tells us how his company has handled it all.
Joyce Orlob Evans — the daughter of the company’s founder — played an active role in the MROP distributor throughout her life.
Fellow private equity firm American Securities, which acquired FBM in 2021, retains a majority stake in the distributor.
Organic sales narrowly dipped year-over-year as modest growth in Applied’s Service Center segment offset a decline in Engineered Solutions.
Tammy Miller spent 32 years at the electrical distributor, serving as CEO from 2006-2020.
See our full breakdown of 3M’s 4Q numbers, which showed that roofing granules were the only industrial category to see decent growth.
Based in Mississauga, metalworking supplies distributor KAR had 2023 sales of about $16 million.
Matt Pavlinsky, Director of Power Transmission Products at Applied Industrial Technologies, leads the PTDA Foundation as its 2024 President.
The distributor returns as a multi-race primary partner in the NASCAR Xfinity Series and will debut in the Cup Series.
