During the second quarter, the company recorded a $109 million pretax loss from the sale of the Fabory business, which it agreed in June to sell to Dutch capital firm Torqx Capital Partners for an undisclosed sum.
Tag "distribution"
December 12
23:07
2019
“Surround yourself with good people, give them the tools they need to be successful, and get out of the way,” stated CEO Brad Tinney.
December 10
04:47
2019
Knowlton said his sales career “blossomed” once “my customers and distributors became my friends and my business partners as we grew together.”
July 24
23:56
2019
“Despite slower than expected global economic growth and our significant investment in the endless assortment model, we drove strong operating results and cash flow,” stated CEO DG Macpherson.
March 25
03:17
2019
“Stabilization or further moderation in the FDI could be more likely than acceleration from here,” according to R.W. Baird analyst David Manthey.
March 19
12:18
2019
Founded last year, Intuilize offers predictive analytics for midsize fastener distributors.
March 12
11:38
2019
Facility in Florence, SC, to “support the southeast geography and growing customer base there.”
March 04
18:10
2019
Norton|Saint-Gobain Abrasives North America sales & marketing VP Glenn Knowlton will present the Associate State of the Industry address during the Specialty Tools & Fasteners Distributors Association’s 43rd annual convention & trade show in Nashville. Country music duo Big & Rich will open the event.
February 14
02:39
2019
Several respondents expressed “cautious optimism” for a potential resolution to the US-China trade dispute. Pending any resolution, however, tariffs continue to impact lead times and pricing.
February 12
14:07
2019
The 2001 president of the National Fastener Distributors Association and the 2018 NFDA Fastener Professional of the Year honoree started in the fastener industry 42 years ago at his family’s business, All Tool Sales.
February 04
05:31
2019
Sales trends improved in December, with 42% of respondents indicating sales were “better” relative to seasonal expectations vs. 34% of respondents the previous month.
November 13
10:23
2018
Offsite construction is on the rise and Bill Sisto predicted to the Specialty Tools & Fasteners Distributors Association that contractors will partner with prefab companies.
November 12
06:00
2018
STAFDA president: One lesson from competing with Amazon and other major players “is the idea that we win when our customers win, or Mr. Bezos’s now famous mantra ‘it is all about the customer’.”
November 06
11:30
2018
STAFDA president: One lesson from competing with Amazon and other major players “is the idea that we win when our customers win, or Mr. Bezos’s now famous mantra ‘it is all about the customer’.”
April 19
11:06
2018
Fastener supplier recognized as manufacturer of the year for the state of Alabama.
April 02
10:39
2018
Longen, English, Newman and Hrdlicka take new positions at the master distributor.
February 26
11:24
2018
STAFDA president is “fiercely committed to building long-term, mutual-profitable relationships with our customers, employees and suppliers.” Instead of badgering for a lower price, St. John said the mutually better approach is to ask, “What do I need to do to get a better price?”
January 07
05:46
2018
Endries will continue to be led by CEO Steve Endries and his executive team.
December 12
03:24
2017
Hodell-Natco president Kevin Reidl – the 2013-14 president of the National Fastener Distributors Association – views the acquisition as the perfect step in Hodell-Natco’s growth strategy.
October 30
00:38
2017
The Fastener Distributor Index for September dipped slightly to 61.5, “with sales trends remaining very strong,” writes R.W. Baird analyst David Manthey.
