News

Grocery & Foodservice Distribution

Article

C&S Wholesale Grocers to Buy SpartanNash for Nearly $1.8B

C&S Wholesale Grocers adds nearly 60 combined distribution centers, a network of 200 retail grocery stores and expanded access to independent grocers through the acquisition.

Building Materials/Construction

Article

QXO Makes $5B Offer to Buy GMS

Just 50 days after closing on its $11 billion purchase of Beacon, QXO is back in pursuit mode.

In a public letter to Amazon employees, Andy Jassy said the company plans to gradually reduce its workforce as it expands the use of generative AI to automate tasks and reshape operations.

U.S. cutting tool consumption rose modestly in April but remains down year-over-year, as market uncertainty and tariff issues continue to delay expected industry growth.

Building Materials/Construction

Article

GMS Sales End Fiscal 2025 at $5.5B as Organic Falls 5.8%

GMS reported lower fourth-quarter results amid soft market conditions, with strength in Ceilings and Complementary Products more than offset by declines in Wallboard and Steel.

Technology Provider News

Article

Amazon to Spend $20B on Data Centers in PA

Amazon is investing in two data center campuses in Pennsylvania, creating thousands of jobs and expanding its cloud computing infrastructure.