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The distributor of fire protection and safety products continues to expand aggressively after making 23 acquisitions in 2022.
Matco-Norca will continue to operate separately as a wholly-owned subsidiary of NIBCO INC., according to a news release.
After getting back on track in December, factory orders are up four of the last five months.
The acquisition is MCE's eighth since 2021.
Dynabrade has expanded the scope of its vertical integration by acquiring one of its strategic suppliers, Global Abrasive Products.
The distributor of foodservice packaging and janitorial supplies serves the greater Fresno market in central California.
MDM looks at another round of earnings reports from industrial suppliers.
Avnet's 2Q sales were up 14.5% year-over-year, according to its Feb. 2 earnings announcement.
Timken's latest M&A deal comes just two days after the company reached an agreement to acquire Nadella Group.
The toolmaker reported full-year 2022 revenues of $16.9 Billion, an 11% increase over the prior-year total.
