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Despite experiencing a decrease from total orders in 2021, the manufacturing technology industry still recorded its third-best year in 2022.
It's the fourth acquisition of 2023 for Envoy.
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Ben Brumfield will be joining the company as President, AD Member Supply, effective March 6.
The company also named its Supplier Representative of the Year, which is Brandt Anderson for Stanley Black & Decker.
After three quarters in fiscal 2023, the bearings manufacturer has surpassed $1 billion in net sales, according to an earnings announcement.
The two acquisitions support Auxo's recent purchase of Golden State Supply, another wire and cable manufacturer.
For the first six months of its 2023 fiscal year, net sales increased 23% over the same period in FY 2022 to $28.6 billion.
Klein Tools products will be available in Lowe's stores and on Lowes.com in the second half of 2023, according to an announcement.
CVS specializes in maintenance, repair and modifications for various types of valves.
