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The deal marks Pye-Barker’s fourth acquisition so far in 2023 and the entry into its 36th U.S. state.
Overall May construction input prices were 3.7% lower than a year earlier.
Fasteners distributor B&F Fastener Supply has acquired long-time competitor Northern States Supply and is expanding its Midwest footprint.
Most of the central bank's committee members expect at least two more rate hikes to come in 2023.
More than 230 attendees were welcomed at the 2023 AD Electrical Spring Network Meeting in Nashville.
The news comes the same day as the Federal Reserve announces that interest rates will remain unchanged for now.
Grainger will house an industrial supply bulk warehouse facility at a newly developed logistics park in Pineville, North Carolina, by 2024.
Wire and cable product manufacturer Southwire expects to increase production capacity by 30% with the expansion of its plant in Alabama.
The index for shelter was the largest contributor to the monthly all items increase, according to the Bureau of Labor Statistics.