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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.
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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
The proposal would increase the salary threshold for guaranteed overtime pay from its current $35,668 to $55,000.
The company’s sales were $888 million for the third quarter of 2023, which was 2% higher than the second quarter of 2023.
