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The honors were announced at AD's Industrial & Safety North American Meeting Sept. 12-15 outside of Denver.
It's the second power transmission product category added to the platform this year, which has over 25 categories total.
The news comes less than a month after plastics resin distributor M. Holland said it would be acquired by Ravago.
Projections showed the central bank would raise rates to a median 5.6% by the end of the year — up from the current range of 5.25% to 5.5%.
The official grand opening featured special guests including Sioux Falls Greater Chamber of Commerce members.
The facility includes a fully equipped classroom, a spacious conference room for collaborative learning and a lounge area.
The Northeast name and management team will remain intact with founder John O'Leary remaining onboard for the next three years.
The transaction is anticipated to close within the next 30 days, subject to customary closing conditions, the company said.
Associates hosted an event at the company’s headquarters and welcomed representatives from six Central Ohio nonprofit organizations.
The academy will be available to about 70 students and includes a partnership with schools and several local industrial companies.