Imperial Dade Gains Investment Fuel for Further Expansion
Packaging and janitorial supplies distributor Imperial Dade has rapidly grown in recent years with acquisitions, and it just gained further major investment to do more of it.
Packaging and janitorial supplies distributor Imperial Dade has rapidly grown in recent years with acquisitions, and it just gained further major investment to do more of it.
For the month, the distributor reported net sales of $570.76 million, up from more than $497 million in April 2021.
The growing distributor says revenue increased 33% in 2021, and it expects to top that this year.
DXP Enterprises, Inc. says the deal adds scale and complements the company’s previous air compressor acquisitions.
The global packaging company has named Scott Beamer chief financial officer and Declan McCarthy president of TricorBraun Europe.
The company’s board of directors declared a regular quarterly cash dividend of $0.895 per share on common stock.
Pittsburgh-based Kennametal Inc. reported that fiscal 2022 third-quarter sales rose 6% year-over-year.
The manufacturer and distributor of interior and exterior doors reported 2022 first-quarter net sales of $726 million.
The company’s 2022 first-quarter results included ‘record’ sales of $288.6 million.