Industrial Distribution

MSC Industrial Supply posted stronger sales and margin totals, along with a sharp jump in earnings, in its fiscal third quarter, company officials announced Wednesday The metalworking and MRO distributor reported net sales of nearly $1.05 billion in the quarter ending May 30, which was up 7.8% compared to the same period last year.

QXO has completed its acquisition of insulation distribution giant TopBuild, the company announced Wednesday. QXO originally announced the proposed $17 billion deal in April. The move is QXO’s third takeover since its formation in 2024, joining its $11 billion purchase of Beacon and a more than $2 billion buyout of Kodiak Building Partners.

Optimas Solutions moved its central Ohio distribution operations to a new facility in late June, the company announced. The suburban Columbus hub, previously located in Lockbourne, Ohio, shifted to a more than 44,000-square-foot facility in nearby Grove City.

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SureWerx announced Friday that it has acquired an Italian provider of safety solutions in a bid to expand its fall protection platform across two continents. SureWerx officials said that Genesi offers work-at-height and confined space systems, including fall protection, horizontal and vertical lifelines, anchor points, guardrails, ladders and other access solutions. The safety, PPE and tool supplier said that the deal would bolster its safety offerings both in Europe and in North America.

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LOS ANGELES (AP) β€” A sprawling legislative package aimed at lowering the cost of housing and spurring more home construction won bipartisan approval from Congress this week, but it's hit a major roadblock in becoming law: President Donald Trump.

AI-powered software has allowed gas station operators across California to illegally collude and drive up prices at the pump, according to a federal lawsuit. The proposed class action lawsuit, filed Monday, accuses gas station giants including Marathon and Circle K of violating California's antitrust law through Kalibrate, a fuel-pricing software system used across the world.

Grainger on Wednesday marked the 25th anniversary of its partnership with the American Red Cross. The MRO giant said that it has donated money and supplies worth over $21.6 million combined to the organization over that span, including more than 170,000 smoke alarms as part of the national Home Fire Campaign.

Sonepar subsidiary Irby celebrated the 100th anniversary of the business at an event last week at its Mississippi headquarters, company officials said. The utility product and services provider, founded in Jackson in 1926, was acquired by Sonepar in 2005 and today spans 58 locations nationwide with a staff of over 1,000.