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The company says it will move its linear and assembly technology manufacturing facility to a new location in Charlotte, North Carolina.
The deal aligns with BlueLinx's specialty products strategy and provides meaningful growth platform in the Pacific Northwest region.
The acquisition is part of Hultafors Group’s strategy to broaden its product portfolio and promote a 'Made in the USA' premium brand.
Bishop Lifting Products, which was sold by SBP Holdings in February, said the deal will expand its presence in the Pacific Northwest.
That strong growth was aided by an additional billing day vs. a year ago.
The deal comes after IR’s $3.59B offer to buy SPX outright was rejected in July 2021.
The transaction will bring Envoy's total number of acquisitions in 2022 to 18.
Sliding new orders, employment, supplier deliveries and prices all factored into the latest reading, which showed further deceleration in expansion.
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