It marks the first acquisition outside of Germany for EUKALIN, a manufacturer of adhesives for the paper and film converting industries.
Distribution Solutions Group had its inaugural earnings report following the April 1 merger of Lawson Products, TestEquity and Gexpro Services.
Sandvik has added Sphinx Tools, which has customers primarily within the automotive, aerospace and medical segments.
Major distributors and manufacturers continue to raise their full-year outlook after better-than-expected 2Q results and persistent demand.
As evidenced by the latest round of quarterly earnings reports, some industrial distributors and manufacturers still see year-to-year growth.
Downward pressure on nonresidential spending is likely to only intensify, and the situation looks even worse when adjusting for inflation.
Heating, Air-conditioning & Refrigeration Distributors International released its monthly TRENDS report reflecting the month of June.
The online retail giant, which doesn’t break out Amazon Business sales in quarterly earnings reports, said overall net loss was $2 billion in 2Q.
The opening comes as Southwire expands its business following the acquisition of Topaz Lighting Corp. in December 2021.
In the latest earnings reporting period for publicly-traded companies, these distributors and manufacturers reported strong sales figures.
It’s part of the toolmaker’s plan to save $1.5 billion in three-year cost savings while shifting resources and reprioritizing investments.
The company plans to make its first-ever drone delivery on Aug. 9, on a three-mile flight from one facility to another.
