The addition will increase Singer Industrial’s North America footprint to approximately 90 locations with more than 1,200 employees.
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The company again marks its centennial celebration by acquiring two providers of bearings, power transmission and industrial motion products.
Construction spending during July 2023 was estimated at a seasonally adjusted annual rate of $1.97 trillion.
In a WARN notice, the company said it expects 155 people to be affected by the permanent layoffs.
MDM reported on 40 mergers and acquisitions among industrial distributors and manufacturers in August, the most since April.
The announcement comes just a few short days after the company published its inaugural sustainability report.
The LYNN and Platinum Tools brands will gain an additional 90,000 square feet of space, improving inventory availability and shipment times.
The agreement brings together two companies that have grown via acquisitions and have appeared on MDM's Top Distributors Lists.
The new location will allow the company to further expand its fire protection product category in the Northwest, according to a news release.
The purchase accelerates AI-enabled predictive maintenance for Fluke Reliability customers, the company says.
The increase in real GDP reflected increases in consumer spending, nonresidential fixed investment, and state and local government spending.
The US LBM AFCA Coaches Trophy will also be a part of a national trophy tour starting in the 2024-25 season.
Key suppliers include Alps Alpine, Amphenol LTW, Ambiq Micro, HELUKABEL and Zettler Magnetics, DigiKey announced.
The news follows 3M's failed attempt to move the biggest mass tort lawsuit in U.S. history into bankruptcy court to limit its liability.
Concerns over a potential recession are easing, but implementing new tech remains a challenge, according to the survey.
The company announced it was continuing its Texas branch expansion by opening a location in the city of Azle, near Fort Worth.
A grand opening for the Sonepar affiliate's 76th location is expected to take place this fall, according to a news release.
Master Lock will lay off 300+ workers beginning in November, while Saint Gobain said 164 employees will be affected by its closure.
The new DC will incorporate the latest in leading warehouse technology to increase efficiency in selecting, packing and loading processes.
The results of operations of the Delrin business will continue to be presented as discontinued operations in DuPont's financials.
