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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.
This deal marks the seventh acquisition for the company in the past seven years, according to a news release.
The company announced six new branch locations during the month of October.
In an effort to strengthen supply chain reliability, the U.S. Department of Transportation has awarded grants to fund 41 port projects.Â
