It marks the fifth tooling acquisition the company has announced since the start of July.
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It adds approximately $200 million in revenue and 900 employees to Timken.
Continued strong sales growth means the third quarter will likely be another windfall fiscal period for most industrial distributors.
Howard Precision Metals has been a distributor of aluminum since 1928.
Envoy expanded its footprint in the Northeast U.S. with two acquisitions this past week.
It marks the second acquisition in 2022 for MCE and its sixth since 2021.
World Electric's parent company Sonepar USA ranked No. 2 among electrical, data and security distributors in MDM's 2022 Top Distributor list.
Ken Jacobson, who served as interim CFO in 2017-18, takes over financial leadership for the electronics distribution giant.
DXP Enterprises ranked No. 23 among Industrial Distributors in MDM's 2022 Top Distributor list.
Builders FirstSource ranked No. 1 among Building Materials/Construction Distributors in MDM's 2022 Top Distributor List.
Jackson, Michigan-based Alro Steel says it has entered into an agreement to acquire Essex, Maryland-based Access Metals.
The days leading up to Labor Day weekend were jam-packed with news of acquisitions, staffing announcements and other developments. Here's a recap.
Sellers can use the new service to store and distribute their inventory within Amazon's fulfillment network.
It's the second acquisition in the past year for New Yorker Electronics, which added Texas-based Omni-Pro Electronics last October.
SBP has added Catawba Industrial Rubber Company and Coastal Hose & Rubber, which operate from Charlotte and Wilmington, North Carolina.
Sales were up at least 20% year-over-year in all four of the company’s key product categories, though gross margin took a dip.
MDM reported more than two-dozen mergers and acquisitions during the month of August. Read about them all here.
DSG expanded its footprint in North Dakota with the acquisition.
Exiger noted that the SaaS supply chain management market is expected to grow to $19.8 billion by 2025.
The Salt Lake City-based company has promoted two of its former sales representatives.
