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The next phase of the bearing and seal manufacturer's expansion is expected to complete in 2024.
The distributor said the added funds will enable it to reinvest in the business and pursue further organic growth and targeted acquisitions.
Bob Zamarripa was OneSource Distributors’ Chairman and CEO until 2013 and has served on numerous other boards of leading industrial distributors and manufacturers.
The precision tools maker said the move from Waukesha, Wisconsin, was done to be closer to its growing customer base.
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The findings detail what portion of distributors are part of a buying group and how many have rebate programs with their top suppliers.
Keynotes from basketball legend Bill Walton and economist Alan Beaulieu accompany educational sessions and plenty of networking opportunities.
It adds approximately $100 million in revenue to CED.
Hanes Geo Components would acquire the majority of business and assets of Nilex Inc.
Kimball selected Newtown, Connecticut for its strategic location.