Following the transaction close, Banner and Castle will continue to operate as independent brands
Latest In Metals Service Centers
A new automation service has resulted from Walter's partnerships with a large network of system integrators and end-of-arm tool makers.
The strong growth figures suggest that metal-cutting production has not been drastically affected yet by an industrial slowdown.
MiddleGround Capital's strategic acquisition of Advantage Metal Products supports another of MiddleGround's recent acquisitions, Megatech.
Double-digit year-over-year sales and profit gains continued for the distributor, for which eCommerce comprised 62% of quarterly sales.
Whelan has been acquired by Ajax Defense, a holding company that invests in small businesses in the aerospace and defense industries.
The precision tools maker said the move from Waukesha, Wisconsin, was done to be closer to its growing customer base.
The metalworking and MRO supplies distributor's fiscal year ended Sept. 3, and its strong momentum bodes well for the greater industrial supplies market.
Adding Tennessee Metal Fabricating Corp. supports Victualic's growth in the infrastructure market and increases its capacity for large-diameter piping.
It may signal a return to typical demand patterns after two years of solid gains driven by foreign investment.