The Sonepar USA subsidiary was formerly Hagemeyer North America-Industrial Distribution Group.
October 12, 2016
Industrial production up 1.4 percent in the EU28.
Company to pay $2 billion for tools division that includes Irwin and Lenox brands.
Company hires previous VP of business development at Hagemeyer North America / IDG.
Acquisition enhances company's operations "both geographically and strategically."
Cutting tool consumption also increases compared to prior month.