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It provides Boucherville, Quebec-based The Master Group with extensive coverage in Ohio and Pennsylvania and represents a significant expansion of the distributor's U.S. footprint.
The marketplace platform has also launched a new storefront aimed to advance inclusive procurement.
The well-regarded barometer of U.S. manufacturing rose for the first time since August, but remains in contraction territory for the fourth straight month.
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Changes also include a newly redesigned logo, new website and a complete building renovation, the company announced.
Lowe's reported that 4Q sales increased slightly year-over-year but decreased sequentially from 3Q 2022.
Spending, however, was down on a monthly basis in seven of the 16 nonresidential subcategories, according to an ABC analysis.
The acquisition brings Colony Hardware to nearly 60 locations across the U.S.
The group is expected to provide customers with services and solutions including comprehensive data center lifecycle management.
Members' sales growth for the 12 months through January 2023 was 18.1% percent, according to a HARDI news release.
