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Des-Case's revenue for the calendar year 2023 is expected to be around $40 million, according to a news release.
The addition will increase Singer Industrial’s North America footprint to approximately 90 locations with more than 1,200 employees.
The company again marks its centennial celebration by acquiring two providers of bearings, power transmission and industrial motion products.
Strandquist's career included executive roles at Martin, Optimas Solutions and Würth Industry North America.
Construction spending during July 2023 was estimated at a seasonally adjusted annual rate of $1.97 trillion.
Drawbacks in robot orders are exacerbated by the slow economy and high interest rates, according to the Association for Advancing Automation.
The rule would raise the salary threshold for guarantee overtime pay from its current $35,668 to $55,000 and include a future provision.
It's the distributor's second deal in as many months, further boosting its Industrial Parts and Engineered Repair Services business units.
While in contraction territory for a 10th straight month, a handful of key subindexes trended positive vs. July.
In a WARN notice, the company said it expects 155 people to be affected by the permanent layoffs.
