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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.
Schultes serves the hydraulic, aerospace, communication, food services, medical device and dental industries.
Construction job openings also increased by 82,000 in December, according to an Associated Builders and Contractors analysis.
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It was the index's ninth straight month of decline, and third straight in contraction territory.
The water treatment company attributed the year-to-year growth to the performance of its two business segments.
GMS has added several material-handling trucks equipped with battery-powered hydraulic cranes to its distribution fleet.
This new full-line catalog features more than 47,000 products specifically selected for Maintenance, Repair, Operations customers.
During 2022, AD’s membership grew to 866 separately owned independents across 14 divisions and three countries.
