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The acquisition of manufacturer and distributor AirX Climate Solutions marks Gryphon’s fourth investment in the HVAC value chain.
Cutting tool consumption totaled $189.6 million, according to the U.S. Cutting Tool Institute and Association For Manufacturing Technology.
Machinery, up four of the last five months, led the increase at $0.2 billion or 0.5% to $37.8 billion.
Metal-cutting tool manufacturer Sandvik Coromant launched a new brand identity as part of a strategic transformation of its operations.
The new Diablo Super Center facility will double its current U.S. storage capacity and feature the most advanced technology.
The partnership will allow FedEx to leverage AI-powered robotic technology to load boxes into trucks and trailers.
AMSCO will continue to operate under its own brand, in both distribution and marketing, according to a news release.
Several states and the federal agency claimed that Amazon's anti-discounting practices punished merchants for offering lower prices elsewhere, in violation of antitrust laws.
The logo is an evolution of the old one, built on the 'iconic colors as being bright and positive is a huge part of Seco,' the company said.
The 180,000-square-foot plant will break ground in November and is expected to be operational in early 2025, the company said.
