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The acquisition of plumbing supply company Stearns Supply expands Wiseway Supply's service area into Indiana with one branch.
The renewed partnership expands Fastenal's NHL presence to include Global Series European games and primetime international broadcasts.
The 126,000-square-foot facility has a strategic location with convenient access from 45th Street in Fargo and 9th Street in West Fargo, North Dakota.
It’s just the latest honor the MRO distributor has garnered during its centennial year of operation.
DXP says the transaction provides it with 'operational and financial flexibility to reinvest in the business and pursue its organic and targeted acquisition growth strategy.'
For 3Q 2023, sales in North America were $2.21 billion, an increase of 2.7%, while sales in Europe were $2.38 billion, an increase of 3.4%.
U.S. cutting tool consumption totaled $219.2M, according to the U.S. Cutting Tool Institute and Association For Manufacturing Technology.
Net sales for 2023's third quarter were nearly $1.16 billion, an increase of $56.8 million, or 5.2%, from 2022 levels.
For 3Q 2023, the company also reported a 9% increase in operating income to a record $257 million.
The agreement will focus on promoting the expansion of BBI’s stainless steel lines, according to a news release.
