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Sales in both its Electronic Components and Farnell business units declined by double digits.
The new facility is set to offer specialized handling for sensitive products available by early 2025.
The company attributed its decline in sales to a challenging demand environment and continued softness in its core customer base.
While a tentative wage agreement ended a strike in October, the parties are still divided on key issues, such as port automation.
Stoney Creek Hydraulics is a manufacturer of hydraulic and pneumatic cylinders and offers repair services to its customers.
The company attributed the profit decrease to continued investments in its business transformation.
The company's overall sales decrease was attributed to SBD's Infrastructure divestment earlier this year, and lower consumer demand.
He brings over 30 years of experience in sales management and technical expertise to the role.
F3 Aerospace is a manufacturer of structural aircraft components and assemblies.
QSC is a manufacturer of large, transformative audio, video and control solutions.
