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Industrial and construction supplies distributor Fastenal reported its August sales results on Sept. 4, extending a run of accelerating growth and posting its strongest monthly sales gain in more than four years. Let’s dive in with a detailed breakdown of the August figures.

The Big Picture Fastenal posted August total sales of $812.1 million — up 16.6% year-over-year on...

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New orders for U.S.-manufactured durable goods increased 1.1% in July to a seasonally adjusted $339.4 billion, according to final data released Sept. 2 by the U.S. Census Bureau.

The final estimate was slightly above the $339.3 billion reported in Census’ Aug. 26 advance release, while the 1.1% monthly increase was unchanged. June’s increase was revised to 0.6% from th...


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Power tools maker Makita Corporation has launched a new subsidiary following the completion of its acquisition of Panasonic Electric Works’ power tools business.

Makita Industrial Tools Corporation began operations Sept. 1, the same day Makita and Panasonic completed the transaction announced earlier this year. The acquired business includes power tools, factory and co...


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Kansas City, MO-based Midland Industries has acquired Pegasus Supply Group, expanding the pipe, valve and fittings master distributor and manufacturer’s portfolio of connection products and value-added services.

Terms of the Sept. 1 transaction were not disclosed.

Noblesville, IN-based Pegasus supplies industrial and electronic connection products, including cab...


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The list of distributors identified as alleged co-conspirators in the sprawling PVC pipe price-fixing case has doubled to six, while settlements tied to the litigation have now topped $415 million.

An amended complaint filed in 2025 by non-converter seller purchasers identifies Hajoca Corp., Porter Pipe & Supply and United Pipe & Steel as alleged co-conspirator...


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