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This adds to the $75 million Timken committed in late 2020 to strengthen both its wind and solar capabilities.
The current Douglas Manufacturing Ltd management team is expected to stay with the company as part of the deal.
OSHA also is investigating Amazon for allegedly failing to provide adequate treatment for injuries at a fulfillment center in New York.
The addition represents Imperial Dade’s 63rd acquisition under its current leadership.
The two categories are belt drives and bearing accessories & tools, with an additional nine categories in the works.
The distribution center was relocated from Rialto, California, to the Kansas City area to reach customers faster, the company said.
March orders were up 16.5% over February 2023 orders and just under 2% below March 2022 orders, according to a new report.
See the key financial figures reported by five major industrial distributors.
The fasteners distributor marks AFC's fifth acquisition of 2023 and 10th since the company was privately acquired in April 2021.
Total inventories of merchant wholesalers were $918.5 billion, virtually unchanged from the revised February level.
