Customers trending toward consolidation of suppliers

F.W. Webb's president cites a customer trend toward supplier consolidation for efficiency reasons as a rationale for the Bergen acquisition.

“As customers trend toward consolidation of suppliers for efficiency reasons, the combined strength of both companies will allow us to deliver the very best to manufacturing customers and be highly competitive in the region.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.