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Sandvik's recently-added GWS Tool Group has acquired Balax, Inc. as an addition to the conglomerate's Walter division.
France-based electrial supplies giant Rexel said 2022 first-half U.S. performance was sustained by growth in all three of its end markets, especially in industrial.
It's the third acquisition for Winsupply announced this year, and comes alongside news that it will start drone deliveries on Aug. 9.
Following a period that reenergized the pace of M&A activity, deals involving packaging companies and international entities kept a brisk pace.
In the latest earnings reporting period for publicly-traded companies, these distributors and manufacturers reported strong sales figures.
It's part of the toolmaker's plan to save $1.5 billion in three-year cost savings while shifting resources and reprioritizing investments.