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The former vice president of the company brings extensive industry expertise and leadership to the family-owned distributor.
The company expands its concrete accessory and paving product offerings in the Michigan market with the deal.
IDCO strengthened its network and offerings with new partnerships in fluid power, industrial hose and marine solutions.
Despite slower order placements compared to those placed in 2023, order activity continues to exceed historical levels.
The company is set to invest nearly $40 million in Jefferson City, TN, creating 80 jobs and establishing its first operations in the state.
It would join United Hardware as another major acquisition for Do it Best this year.
![kodaris-gms-graphic-2[29]](https://www.mdm.com/wp-content/uploads/elementor/thumbs/kodaris-gms-graphic-229-scaled-riq3wtip3mfjbkku7tq185tv4t0mzt4rpj0io8tj2c.jpg "kodaris-gms-graphic-2[29]")
It extends what has already been a decade-long relationship, helping Kodaris enhance and scale its suite of enterprise features.
The company enhanced its distribution network in the industrial and specialty gases sector with acquisitions in July, September and October.
The company is evaluating a potential sale after receiving takeover interest, sparking an 8.3% surge in its stock amid market challenges.
Monthly U.S. wholesale inflation held steady in September, while continuing to decelerate year-over-year.
