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Granite Water Works is a distributor of waterworks and subsurface drainage supplies for contractors and municipalities in central Minnesota.
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Companywide, Wajax said 2023 third quarter revenue was $369.13 million (USD), up 8.3% over the same period in 2022.
The addition of Suministro as a Formerra company diversifies the resin distributor's portfolio across North America.
The company posted 3Q year-over-year sales growth of 5.4%, an impressive rebound from the 3.6% decline seen in 2Q.
The facility, which will open in 2024, spans 30,000-square-feet and offers 'a strategically positioned site,' DSG says.
Machinery and auto parts inventory drove the first monthly gain since February.
The company's 3Q YoY sales growth of 8.2% was a considerable slowdown from 2Q’s 16.4%, but still considered strong.
We're off Friday for Veterans Day. Our Update newsletter will be back in action Monday morning.
Products manufactured at the campus are typically for original equipment manufacturers (OEM) customers, Avnet said.
