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Fastenal’s eCommerce sales represent 17.4% of total company year-to-date sales, the company announced.
Masonite's net income for 2022's third quarter was $57 million, a 51% increase over the same quarter in 2021.
The 75,000-square-foot warehouse will include extensive inventory and broad mix of power tools, safety equipment and general jobsite supplies.
Gene Hahnenberg previously worked at Trane Technologies, where he was most recently Vice President of Direct Materials Procurement.
Kelly Evans retired effective Nov. 1, and the fasteners and packaging supplies distributor has named his successfor.
For a purchase price of $400 million, the transaction is expected to close in early 2023.
On a year-over-year basis, industry employment has risen by 266,000 jobs, an increase of 3.6%, according to Associated Builders and Contractors.
Despite waning growth in non-residential construction markets, total daily sales growth essentially matched September’s.
Lawson Products changed its name to Distribution Solutions Group after merging with TestEquity Gexpro Services in April.
The acquisition is MCE's third of 2022 and seventh since 2021.
