The distribution center was relocated from Rialto, California, to the Kansas City area to reach customers faster, the company said.
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The fasteners distributor marks AFC's fifth acquisition of 2023 and 10th since the company was privately acquired in April 2021.
Despite a sales decline in 1Q, Regal Rexnord CEO Louis Pinkham has high hopes for the manufacturer following its acquisition of Altra Industrial Motion.
The duo aims to help IWDC distributors better serve their customers through access to digital product content from its network of manufacturers.
Parent company Resideo Technologies noted that ADI's eCommerce channel grew 17% during the quarter.
The acquisition is FleetPride's first since the distributor appointed Kevin Weadick, formerly of Zoro, as its president.
The oilfield products distributor's 1Q growth far outpaced that of the global rig count, powered by sales in the U.S. and international.
Vanguard is Pye-Barker's third acquisition of 2023 after the safety products distributor made 23 bolt-ons in 2022.
While down somewhat from its 4Q22 figures, Wesco posted more double-digit sales growth in 1Q despite harsh market headwinds.
Among the new locations are three in Texas, two in Tennessee, one in Puerto Rico and several across the Midwest.
The company's year-over-year daily sales growth accelerated after several months of decline, powered by sales to manufacturing customers.
The decline in sales was primarily driven by a weak housing market that has plagued the building materials and construction industries for the past year.
The central bank lifted rates by a quarter of a percentage point but indicated it may pause further increases.
The acquisition is expected to close in 2023's third quarter.
Norcan is a distributor of fluid power and pneumatic products with eight locations across western Canada.
Southern Janitor will be the first Florida location for BradyIFS.
Home Lumber is GMS's fourth acquisition of 2023.
The industrial distributor's fiscal 3Q sales grew 5% year-over-year.
In 2023, Werner is hosting nearly double the amount safety training events it offered in 2022.
MiddleGround Capital's strategic acquisition of Advantage Metal Products supports another of MiddleGround's recent acquisitions, Megatech.
