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Elektrik said the investment will help scale its procurement platform for medium-voltage electrical infrastructure components.
The two producers said their all-stock merger will create OlinHuntsman, a North American chemicals company with about $12.5 billion in annual revenue.
The California-based safety products distributor is investing $1.7 million in a new Missouri facility that will create 21 jobs.
It signals continued languishing market conditions, as April's decline was likewise revised sharply downward. May's figure was its lowest since the height of COVID-19 lockdowns.
The deal marks RNDC’s latest divestment following its May sale of 11 geographic markets to Reyes Beverage Group and a recent stretch of leadership and financing changes.
The acquisition launches Rox Capital Partners’ industrial fastener platform, with plans to grow the Dallas-based manufacturer and distributor through organic initiatives and strategic acquisitions.
Overall industrial output decelerated considerably month-over-month as solid durable goods production was negated by an equal nondurable decline.
The hybrid packaging products distributor expanded footprint in the Northeast U.S. and EMEA footprints with acquisitions of O. Berk Company and BlueSky.
Capital Electric has opened a new 258,000-square-foot distribution center in Charlotte, adding inventory capacity, logistics capabilities and up to 100 jobs as it expands across the Carolinas.
Core wholesale inflation came in below forecasts, indicating that fuel costs tied to the ongoing Iran war conflict are causing most of the inflation burden.
