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The move comes less than a month after AFC's acquisition of Hazel Park-based Motor City Industrial.
Despite the decline in January, backlog remains elevated by historical standards and is 0.1 months higher than in February 2020.
The distributor of electrical and industrial products continues to blossom since its acquisition of Anixter International in 2020.
Descartes acquired GroundCloud for up-front consideration of approximately $138 million, satisfied with cash on hand.
The company will be reported within Seco, a division within Sandvik Manufacturing and Machining Solutions. 
The industrial PVF products distributor reported 4Q sales of $869 million, an increase of 27% compared to the same quarter in 2021.
Sandvik Manufacturing Solutions CEO Christophe Sut will join Scanfil as its new CEO.
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The assets include 7 retail locations and a recently expanded fill plant and specialty gas laboratory in the Dallas-Fort Worth area.
![OneSource Fullerton CA[43]](https://www.mdm.com/wp-content/uploads/elementor/thumbs/OneSource-Fullerton-CA43-scaled-riq179tnukwage9rtnrugrzrt9tc6lvkypqhqhgcsk.jpg "OneSource Fullerton CA[43]")
OneSource saw significant growth in each of its business segments in 2022.
