The 115,888-square-foot distribution center is expected to increase Acme Tools' online order processing capability.
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The 12,500-square-foot facility located in the town of Monument will stock commercial and residential products.
The layoffs came as the overall U.S. economy gained 311,000 jobs in February.
Dorn Group’s James Dorn and Tom Gale recap some of the key themes from MDM’s recent Distribution M&A Summit and outline the most pertinent areas of improvement for EBITDA margin, growth and value.
The financials included results for Varis, the company's new B2B marketplace launched during 2022's fourth quarter.
That included $430 million in revenue from Lawson Products, up 15.6% vs. 2021.
The company's income from operations for 2022 increased nearly 60% over the previous year, Graybar announced.
It's the company's first announced acquisition since making a deal to acquire Orange Line Oil Company in June 2022.
The retailer says the strategy will help it distribute its inventory more efficiently, according to a Wall Street Journal report.
The companies plan to launch an initial set of combined data service offerings to the market beginning early second quarter 2023.
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For all of 2022, revenue was $503 million an increase of 25% over 2021, Allied said in its recent earnings announcement.
Fourth quarter revenue in Wajax's Industrial Parts segment rose 26.9% year-over-year.
Net sales for 2022 increased 4.2% to $1.49 billion, compared with $1.43 billion in the prior-year period, Hillman reported.
Exteriors Founder Samir Rastoder will continue to lead the company’s dedicated team, SRS said in a release announcing the deal.
The deceleration was expected after Ferguson posted 16.6% year-over-year sales growth in 1Q.
Cargo Control said the deal will significantly expand its level of service and product offerings available to customers.
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ILC, which was founded more than three decades ago, will continue to be headquartered and maintain its manufacturing in Edina, Minnesota.
It was a deceleration from January's 11.2% growth, but another solid month nonetheless.
