- Big 50
Hey there. I’m Mike Hockett, and these are your latest ID Quick Hits.
A handful of industrial distributors provide parts, tools and services to heavy equipment manufacturer Caterpillar, so any news regarding downsizing at the company is of major interest to our readers.
Ever since the new tax law was signed into effect, we’ve seen numerous stories about large companies sharing some of the benefits of lower business taxes by giving their employees bonuses.
We’ve already had two major distributor acquisition announcements in 2018, with those being Applied Industrial Technologies’ buying FCX Performance for 784 million dollars, and Berkshire Hathaway’s purchase of Production Tool Supply, which resulted