Sonepar sold Vallen Asia to the latter's leadership team in a management buyout, marking the company’s deconsolidation from Sonepar.
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It marks NEFCO’s fifth acquisition of 2024 and its second-largest acquisition to date.
The distributor bought a massive facility adjacent to its current Minooka, IL distribution center, further expanding its warehouse footprint.
The company has purchased a new office building, creating additional space for warehouse expansion and future development.
Loy Instrument is an Indiana-based supplier of process control and combustion solutions.
OSHA is withdrawing all but one citation issued against the company, while Amazon is required to improve ergonomic conditions throughout its facilities.
The latest data showed a mixed picture, with wholesale inventories down slightly and retail inventories up, while the trade deficit grew.
The company gains 21 new locations across the Front Range of Colorado, western Colorado and northern New Mexico with the acquisition.
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The new facility will serve as one of five distribution centers across the country, with operations expected to begin in summer 2025.
The monthly decrease more than offset the increase seen in October, driven by a decline in transportation equipment.
The company expands its Home division team to drive growth, enhance operational efficiency and implement advanced technologies.
The latest PMA business report shows that metalforming manufacturers remain upbeat toward growth coming into 2025.
NorthEast Electrical is a Sonepar company that completed the acquisition of Rockingham Electric in October 2022.
The company allegedly sold thousands of the devices that disable vehicle emission controls.
GDP accelerated from 2Q, showing increases in consumer spending, exports, federal government spending and nonresidential fixed investment.
Members expect greater growth in 2025, driven by factors like election outcomes, branch expansion and increased consumer activity.
The company appointed a new GM for its manufacturing group, focused on enhancing sales team training, customer service and company growth.
The partnership helps SRS contractors be promoted over others in the market.
