The company says the deal allows it to better serve the “complex purchase occasion” and establishes it as a leading specialty trade distributor across multiple vehicles.
MSC cited complexities in its web pricing realignment rollout as hurting March-May results, alongside weakness in heavy manufacturing.
Orders through the first months of the year were up nearly 5% over 2023.
Private equity firm MiddleGround Capital acquired a Netherlands-based distributor to strengthen its position in the maritime industry.
Van Dongen led NAW for 41 years until his retirement in late 2020, spearheading the association’s transformation into what it is today.
JJ Peytavi leads the new geographic sector for the SAP technology solutions provider.
Leveraging the strengths of both providers, the partnership aims to streamline how returns are handled.
The electrical distributor detailed a new operating model, new distribution centers and new leadership changes.
It will result in a new division within AD that represents more than 700 independent electrical distributors in the U.S.
Ferguson said weakness in certain commodity categories persisted in the quarter, driving overall price deflation of about 2%.
Recent acquisitions drove most of the growth, more than doubling that of 4Q23.
The industrial economy barometer has been in contraction territory for 18 of the past 19 months through May.
