The combination creates a 'premier regional platform' serving Utah, Colorado, Arizona and Idaho, Shorehill Capital said.
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The deal — originally announced in November 2022 — allows for the unit to go forward operating as RONA Inc.
The company's sales growth flattened to end the year, while full-year sales grew by a modest 3%, according to Honeywell.
Matco-Norca will continue to operate separately as a wholly-owned subsidiary of NIBCO INC., according to a news release.
The distributor of foodservice packaging and janitorial supplies serves the greater Fresno market in central California.
Timken's latest M&A deal comes just two days after the company reached an agreement to acquire Nadella Group.
The toolmaker reported full-year 2022 revenues of $16.9 Billion, an 11% increase over the prior-year total.
Construction job openings also increased by 82,000 in December, according to an Associated Builders and Contractors analysis.
The pace of M&A activity accelerated in January, as industrial distributors and manufacturers reported four-dozen deals to start the year.
This new full-line catalog features more than 47,000 products specifically selected for Maintenance, Repair, Operations customers.
Full-year sales and revenue also increased 17% over the prior year, the heavy equipment maker said in a Jan. 31 announcement.
Merger plans were first announced in May 2022, and the combined business will be known as Kito Crosby.
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Zesco specializes in the drives, motion control and automation industry and serves customers in Ohio, Pennsylvania and West Virginia.
The acquisitions include Winston-Salem, North Carolina-based P-F Plumbing and Murfreesboro, Tennessee-based Precision Air.
The company's fiscal 2023 1Q (October-December 2022) sales grew 6.7% year-over-year compared with 17.6% in 2022 4Q.
The two companies collaborated to save 61 joint customers nearly 22.5% in customer Documented Cost Savings during 2022, Stellar said.
OTC partnered with Quincy Compressor in 2022 in the expansion of two OTC locations in Phoenix and Las Vegas.
The agency says the company could have prevented the death of an 18-year-old worker who was struck by a forklift at a Rison, Arkansas.
The company says it's planning a series of events to honor its centennial throughout 2023.
