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HOLT is expected to record sales revenue of approximately $75 million for 2022, Sonepar said in its announcement.
The well-regarded barometer of U.S. manufacturing ended 2022 on a sour note, contracting for a second-straight month to its lowest mark since May 2020 when industries were dealing with factory shutdowns.
November's seasonally adjusted annual rate of $1.8075 trillion was 0.2% above the revised October rate.
The past year was one of uncertainty for the industry. But distribution leaders joined MDM throughout 2022 to rise above talking points and show a way forward in the next year and beyond.
The 2023 Board of Directors and Manufacturer Council of the Power Transmission Distributors Association are beginning their leadership terms.
GMS marked the beginning of its expansion into the New York City with the acquisition of Brooklyn-based fastener distributor Tanner Bolt & Nut.
ErieTec is an industrial distributor that operates six branches and has been serving western Pennsylvania since 1958.
FMH joins GNCO's portfolio of companies within the equipment distribution industry.
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The 48,900-square-foot facility is equipped with 24/7 material lockers, customer training facilities and a combined counter-warehouse.
