Wolseley (Reading, England) signed an agreement to acquire DT Group (formerly known as Danske Traelast), a distributor of building materials, from CVC Capital Partners.
The National Association of Wholesaler-Distributors (NAW) and its LIFO Coalition, the American Supply Association (ASA) and the Heating, Airconditioning & Refrigeration Distributors International (HARDI) are asserting their support of the continuation of LIFO, in response to U.S. Senate Finance Committee hearings to discuss a potential repeal of the LIFO (last in, first out) accounting method.
The Home Depot® announced that Tom Taylor, executive vice president of merchandising and marketing, has decided to leave the company at the end of the year. Taylor will continue to lead the company's merchandising and marketing initiatives throughout the year and will assist in the selection and transition of his replacement.
John R. Lindahl Sr., 84, co-founder and former chairman and CEO of State Industries, Ashland City, TN, died July 5. He was born in 1922 in Malvern, AR. His family later relocated to Nashville, where his father, H.W. Lindahl Sr., started an appliance distribution business.
Johnson Controls, a supplier of building efficiency, power solutions and interior experience, acquired Berg Inc., a mechanical services company based in Shreveport, LA. Specific terms were not disclosed.
Hirsch Pipe & Supply Co. (San Juan Capistrano, CA) hosted more than 300 guests on a week-long vacation to Costa Del Sol in southern Spain in May, culminating a year-long customer promotion.
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