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Jeffrey Dice, current President of Winsupply Equity Group, will replace John McKenzie, who is retiring Feb. 28.
The company's sales growth flattened to end the year, while full-year sales grew by a modest 3%, according to Honeywell.
The distributor of fire protection and safety products continues to expand aggressively after making 23 acquisitions in 2022.
Matco-Norca will continue to operate separately as a wholly-owned subsidiary of NIBCO INC., according to a news release.
After getting back on track in December, factory orders are up four of the last five months.
The acquisition is MCE's eighth since 2021.
Dynabrade has expanded the scope of its vertical integration by acquiring one of its strategic suppliers, Global Abrasive Products.
The distributor of foodservice packaging and janitorial supplies serves the greater Fresno market in central California.
MDM looks at another round of earnings reports from industrial suppliers.
Robert (Bob) Buttermore will be named Senior Vice President and Chief Supply Chain Officer, effective Feb. 13.
