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The new Echo Electric becomes Sonepar’s sixth U.S. operation with greater than $1 billion in annual sales.
The product data provider says the metalworking products manufacturer used confidential information to "knock-off" its sales platform.
In addition to announcing its forthcoming split, Honeywell reported its 2024 financial results, which showed an increase in 4Q sales and organic growth.
It is the second deal US LBM announced in two days.
As both sides continue to dig in, get the latest key takeaways from statements shared Feb. 6.
Weather was a considerable headwind during January, but daily sales growth increased following a recent lowpoint in December. See our full breakdown of the monthly figures.
Full year net sales dipped slightly, driven by a decrease in organic sales and partially offset by acquisition-related sales.
Strate is a distributor serving customers from 13 locations across Florida, Georgia, Pennsylvania and New York.
Charleston-based CRMH is a distributor and fabricator of industrial rigging products and safety solutions.
Endries’ corporate brand transformation includes a new logo and updated messaging, set to extend over time for a seamless transition.
