Morgan Stanley Real Assets said the U.S. industrial market appears to be moving from a cyclical recovery toward another growth cycle, with demand accelerating while development remains constrained.
For distributors, the August report points to continued industrial demand but a less straightforward growth environment than the headline PMI suggests.
The agreement expands BlueLinx’s specialty products portfolio as the building products distributor looks to increase its exposure to higher-value product categories.
The combination of stronger sales and stable customer payment patterns provides some positive signals for distributors entering the second half of the year.
Cincinnati-based Hillman has closed the previously announced acquisition of Kanebridge, a master distributor of commercial and military-grade fasteners.
The combination gives TIPCO a broader product offering for refinery, petrochemical and other industrial customers by adding fasteners to its existing hose and gasket capabilities in the region.
The deal gives DSG a larger customer base in one of its core MRO markets while extending Lawson Products’ geographic reach.
The deal is a significant expansion of Shell’s directly controlled U.S. distribution and retail operations. Shell already has about 12,000 branded fuel and convenience locations across 49 states, but most are owned and operated by wholesalers and dealers
Myers Tire Supply distributes tools, equipment and supplies to the tire, wheel and under-vehicle service industry. Its customers include tire dealers, automotive service centers, commercial fleets, retreaders and other transportation-related businesses across North America.
Lowe’s recently committed $250 million to expand that work, with a goal of helping train and develop 250,000 tradespeople by 2035.