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Lincoln Electric said the addition will accelerate its Lincoln’s Higher Standard 2025 strategic goal of achieving $1 billion in automation sales.
The agreement will allow distributors to send automated triggered notifications when an order is available for pickup via smart locker.
Industrial Supply said the new facility has more than double the amount of space the company had in its previous location.
The company will acquire Northeast-based Survivor Fire & Safety Equipment and Total Fire & Safety Equipment, collectively Survivor Fire.
The trading brand of RS Group plc, an omni-channel provider of products and service solutions, will rebrand as “RS” to start 2023.
The 'unique partnerships' with global manufacturing leaders brings Parts Town’s master distribution portfolio to 215 programs.
It was another quarter of double-digit sales and profit gains for the industrial supplies distributor, which saw softening demand and tougher year-over-year comparables.
Because of lingering inflation, the Fed may enact a fourth straight 0.75-percentage-point increase to interest rates in the coming weeks.
Construction input prices dipped 0.1% in September compared to the previous month but remained 41% ahead of February 2020 pre-COVID levels.
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The company is investing $34 million into a new facility that will house its headquarters and distribution operations.
