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After the transaction, CD&R will continue to own more than 15 million shares of common stock it currently directly holds.
May orders increased 8.6% over April 2023 but fell short of May 2022 orders, according to The Association For Manufacturing Technology.
Nonresidential construction employment rose by 12,200 positions on net, with positive growth in 2 of the 3 subcategories.
Austin, Texas-based Abracon acquired U.S. manufacturer NEL Frequency Controls in a move to expand its precision timing product offering.
RS has expanded its selection of smart manufacturing solutions with the addition of five new suppliers, according to a news release.
JanSan and foodservice supply distributor Imperial Dade has made its seventh and eighth acquisitions of the year.
Polyphase Engineered Controls' addition to Wajax expands its subsidiary's electrical solutions portfolio and In-house capabilities.
The merger brings independent distributors with almost 100 locations across the U.S. and Canada to AD’s Pipe, Valves & Fittings Division.
The partnership is the company's sixth transaction of the year.
With the sale, ABB said it has now completed all divisional portfolio divestments announced at the end of 2020.
