Industrial distribution news

Here are some recent news articles and updates from the industrial distribution industry:

Mergers and Acquisitions

• Graybar Acquires Electrical Supply Company: Graybar, a leading distributor of electrical and communications products, has acquired Electrical Supply Company (ESC), a distributor of electrical and industrial products based in Michigan. (Source: Graybar)
• WESCO International Acquires Anixter International: WESCO International, a leading distributor of electrical, industrial, and communications products, has acquired Anixter International, a global distributor of network cable and security products. (Source: WESCO International)

Industry Trends

• The Rise of E-commerce in Industrial Distribution: A recent study by the National Association of Electrical Distributors (NAED) found that 70% of electrical distributors are now selling products online, and 60% of customers are purchasing products online. (Source: NAED)
• The Impact of Automation on Industrial Distribution: A recent article by IndustryWeek explores the impact of automation on the industrial distribution industry, including the potential for increased efficiency and reduced labor costs. (Source: IndustryWeek)

Company News

• Graybar Names New CEO: Graybar has named Todd C. Myers as its new CEO, effective January 1, 2023. Myers has been with Graybar for over 20 years and has held various leadership roles within the company. (Source: Graybar)
• WESCO International Names New CFO: WESCO International has named John J. Stipancich as its new CFO, effective January 1, 2023. Stipancich has over 20 years of experience in finance and has held various leadership roles within the company. (Source: WESCO International)

Regulatory Updates

• OSHA Updates Hazard Communication Standard: The Occupational Safety and Health Administration (OSHA) has updated its Hazard Communication Standard (HCS) to align with the United Nations' Globally Harmonized System of Classification and Labeling of Chemicals (GHS). (Source: OSHA)
• EPA Updates Lead-Based Paint Rule: The Environmental Protection Agency (EPA) has updated its Lead-Based Paint Rule, which requires contractors and renovators to use lead-safe practices when working on pre-1978 homes and child-occupied facilities. (Source: EPA)

Industry Events

• NAED 2023 Annual Meeting: The National Association of Electrical Distributors (NAED) will hold its 2023 Annual Meeting in April 2023 in Chicago, Illinois. The event will feature keynote speakers, educational sessions, and networking opportunities. (Source: NAED)
• IDEX 2023: The Industrial Distribution Executive Forum (IDEX) will hold its 2023 event in March 2023 in Orlando, Florida. The event will feature keynote speakers, panel discussions, and networking opportunities. (Source: IDEX)

I hope this information is helpful!