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The industrial segment has missed out on the boom in the construction industry, due largely to the global economy and the accompanying sharp increases in imported goods, according to Cahners Economics.
The Industrial Distribution Group said that reduced demand for maintenance, repair, operations and production (MROP) products has caused a drop in earnings for the second quarter.
The latest round of acquisition activity goes to Ferguson Enterprises, which has signed a letter of intent to acquire Thrall Distribution and completed the purchase of Midwest Pipe & Supply Co.