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The Association For Manufacturing Technology says that may actually be a good thing. Here’s why.
The 115,888-square-foot distribution center is expected to increase Acme Tools' online order processing capability.
The 12,500-square-foot facility located in the town of Monument will stock commercial and residential products.
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The layoffs came as the overall U.S. economy gained 311,000 jobs in February.
The new Michigan site is the fifth facility RK has added to its network in the past 18 months, and its first outside of California.
Chairman and CEO Bill Hammond is retiring from his role as CEO after a 45-year career at HPS.
The financials included results for Varis, the company's new B2B marketplace launched during 2022's fourth quarter.
That included $430 million in revenue from Lawson Products, up 15.6% vs. 2021.
AMETEK also recently appointed a new VP of Strategic Procurement and a new VP of Operational Excellence in November.
