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The sale encompasses pipeline services and equipment businesses, which generated combined revenues of approximately $140 million in 2021.
The transaction is expected to close during the third quarter of 2022 and is subject to customary closing conditions, Sandvik said.
The acquisition allows NSI to expand into the electrical, HVAC and building technologies markets, the company said.
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The acquisition grows TricorBraun's presence in Australia and continues the company's global expansion.
Breyden will now operate under the Precision Products Group brand. PPG is the parent company of industrial tubing manufacturer Paramount Tube.Â
The Specialty Tools & Fasteners Distributors Association’s annual show is scheduled for Oct. 30 through Nov. 1.
Plans to break the company into separate B2B and consumer-focused entities remain on hold, though board members did approve a realignment of existing operations.
Jiffy supplies products to mechanical, electrical, plumbing and HVAC contractors throughout Kentucky, Ohio, and Indiana.
The Lawless Group has announced the hiring of Raz Ghazikhanian as their new western regional sales manager.Â
