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Offen said the acquisition further strengthens its ability to distribute major oil company-branded motor fuel to independent retailers.
Belt Power has grown significantly since Shorehill’s original 2014 investment, expanding from three branch locations to 12.
The tooling and work holding maker said the sale is part of its vision aiming to align the company’s focus on its core manufacturing business.
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Sarah Bryne has joined the distributor marketing resource firm.
The polymer materials maker also announced its completed $1.5 billion acquisition of DSM Protective Materials.
The company announced that Leigh Dobbs has been named chief human resources officer, effective Sept. 6.
The home improvement company also reported 2022 second-quarter earnings of $3 billion, in line with prior-year results.
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Automotive powered much of the gain, which was a strong rebound after declines in June and May.
