Acquisition adds products and capacity for company.
Day: December 12, 2016
Company expects $120 million to $130 million in annual savings.
Acquisitions will broaden international footprint in multiple categories.
Year-to-date, orders are down 5.6 percent.
Restructuring includes elimination or relocation of approximately 220 positions.
Company also names president of EMEA & APAC.
New location in Williston, ND, expands company's footprint.
Sales of durable goods up 2.5 percent from the previous year.