Northeast distributor acquires New York-based Martisco Corp.

Russel Metals recently announced it has entered into a stock purchase agreement to acquire all the outstanding shares of City Pipe & Supply Corp., for about $160 million. City Pipe & Supply’s revenues were about $275 million during its last fiscal year.

Purchase gives New England distributor strong presence in Maine.

Rob Ferguson elevated to president of Winsupply Local Company Group.

Global distributor reports sales of $18.4 billion for U.S.-based Ferguson Enterprises.

Effective Jan. 1, 2020, Embassy Group and WIT & CO. will begin operating as one entity under the name of The Commonwealth Group, with offices in both Texas and Illinois.

NIBCO to retain Milwaukee’s management, manufacturing, sales network, sales reps, brand and products.

 

Collins will continue to own and operate its eight other locations.

Process Instruments & Controls to transition to WIG brand.

 

Six Southern California branches join Texas-based distributor’s growing footprint.