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Power transmission distributor Purvis Industries acquired Torque Drives, an industrial distributor of power transmission components and more.
The distributor's $269 million acquistion of Hisco this spring figures to drive big year-over-year gains through the first half of 2024.
WESCO saw year-over-year growth in its CSS and UBS units, while its largest unit — EES — declined.
MCE acquired Georgia-based motor control and drive distributor Applied Industrial Controls and systems integrator Engineered Systems Group.
On a constant currency basis, sales decreased 7.8% year-over-year and decreased 2.9% sequentially, Avnet said in a news release.
August’s growth was considerably revised upward, from 0.5% to 1.0%, according to new data from the Census Bureau.
Marietta, Georgia-based building products distributor BlueLinx reported a 24% decrease in sales revenue in the third quarter of 2023.
'Economic activity expanded at a strong pace in the third quarter,' the central bank said in a statement Nov. 1.
Viscan is a leading supplier of specialized screws, general fasteners and related components.
In its sixth deal of the year, Singer Industrial joined forces with North Carolina-based Viking Hose and Fittings.
