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The distributor's 33.8% year-over-year sales increase in 3Q follows a 28.7% annual increase reported in this year's 2Q.
See what the association had to say about the initial results of Nov. 8's midterm elections, many of which were very polarizing.
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ADS will rebrand following the acquisition, according to a news release announcing the deal.
The Canadian industrial distributor says it continued to see overall strength in its backlog, which increased to more than $558 million.
The Sonepar company also said its 500,000-square-foot Central Distribution Center in Katy, Texas, will open by the end of the year.
The research giant and consulting firm says the deal will help deepen supply chain transformation capabilities.
The all-cash transaction will be funded through Greif's existing credit facility and is expected to close by the end of the calendar year
Third-quarter sales reached $904 million, a 7% sequential increase from the second quarter of 2022 and a 32% improvement over 3Q 2021.
The Center of Excellence aims to help the fastener manufacturer and distributor build relationships with its customers.
