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Avnet's 2Q sales were up 14.5% year-over-year, according to its Feb. 2 earnings announcement.
Timken's latest M&A deal comes just two days after the company reached an agreement to acquire Nadella Group.
The toolmaker reported full-year 2022 revenues of $16.9 Billion, an 11% increase over the prior-year total.
Schultes serves the hydraulic, aerospace, communication, food services, medical device and dental industries.
Construction job openings also increased by 82,000 in December, according to an Associated Builders and Contractors analysis.
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It was the index's ninth straight month of decline, and third straight in contraction territory.
Jason Seger, the current President, will become President and CEO on April 1, 2024, the company said.
The water treatment company attributed the year-to-year growth to the performance of its two business segments.
GMS has added several material-handling trucks equipped with battery-powered hydraulic cranes to its distribution fleet.
