Some industrial distributors reach a point where they've captured their local market and need to expand. They can either open a new location or acquire an existing business in a new area. Each approach has its own benefits and drawbacks, depending on the company's stage of growth.
Same-store sales increased by 4% in the U.S., 1% in Canada, and 15% in Mexico, in their respective currencies. Member purchases from AD suppliers grew 4% to $10.1 billion.
In this article, we will discuss the significant trends impacting the industrial distribution sector, including digital transformation, automation, data optimization, omnichannel approaches, challenges in improving profit margins, legacy system fragmentation, and industry consolidation.
The Macomb Group announced its expansion into Wisconsin with a 30,000 square foot building located at 1517 County Road O in Neenah, one of the Fox Cities just southwest of Appleton.
During 2024, NIBCO is planning celebrations for its shareholders, associates, customers and partners, which will continue throughout the year leading up to the official anniversary date on November 12, 2024.
The Macomb Group announced that it acquired the operations of Woodhill Supply Inc. Founded in 1958, Woodhill Supply is headquartered in Willoughby, Ohio, with a second branch located in Cleveland.
Affiliated Distributors (AD) reported that member sales in the first three months of 2024 hit a record $19.5 billion, a 7% increase across AD’s 14 divisions and three countries.
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