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The investment will enable Amazon to deliver over a billion more packages each year to customers in less densely populated areas.
That momentum, however, is expected to be short-lived amid trade tensions.
The acquisition is foundational to the company's expansion into digital product distribution and the creation of a new digital hub.
The combination strengthens Novvia’s presence in consumer packaging distribution following the company’s January 2025 acquisition of Saxco.
Ray Andrews will support the St. Louis, MO-based distributor's ongoing expansion and customer-centric business solutions.
The master wholesaler adds a provider of products specializing in MIG, TIG, plasma, osy-fuel and stick welding styles.
Annual sales growth for 12 months through March also increased for HVAC distributors a part of HARDI.
Four planned Colorado locations have been designed to work in conjunction to offer a comprehensive range of products and services in the region.
Multi-Family market weakness had hamstrung demand in recent quarters, with BLDR's gross margin down nearly 300 basis points year-over-year in 1Q25.
Following a healthy increase in February, total U.S. construction spend is down in March across the board in both private and public projects.
