The 308,000-square-foot facility is projected to open by the first quarter of 2025.
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The HVACR distribution giant also detailed its ongoing technology transformation.
It was the first consecutive increase since June of last year.
The rapidly-expanding building products distributor now has more than 60 DCs across the U.S.
The investment will help Continuum expand digital transformation for B2B distributors and manufacturers beyond eCommerce.
The deal was originally announced on September 14, 2023.
Marc Strandquist — a 37-year industry veteran with Wurth Industry North America, Optimas Solutions and Martin Inc. — passed away on Aug. 31.
Middle market private equity firm One Equity Partners acquires lifting, material handling and safety product distributor and manufacturer.
The distributor is adding over 1,000 new products to its current inventory of 6,000 items alongside advanced logistics solutions.
After a weak finish to 2023, the industry saw rebounds in monthly orders and shipments in the first two months of 2024.
Reading, PA-based Fromm launched an engineering and fabrication division to serve manufacturers and electrical contractors.
The cooperative has honored its top distributors and manufacturers for their achievements and contributions over the past year.
Motion continued to see sales growth and strong renewal rates with corporate account customers, which comprise about 45% of business.
The new branch in Olathe, MO is the distributor's 11th overall.
It marked the first time growth occurred over two straight months since March-April of 2023.
PTE Drives is a family-owned power transmission & bearings products distributor with a single location.
It comes just a week after the construction supplies distributor announced an acquisition in Oklahoma.
Adding five branches across Nebraska, Iowa and North Dakota, it's the fourth acquisition Beacon has announced in 2024.
Boeing will now distribute about 1,000 additional actuation and propulsion system products.
The addition of Texas-based wire and cable maker Encore Wire will enhance Prysmian's North American presence and product portfolio.
