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The company says the facility, located in Cincinnati, Ohio, will increase the company’s capacity by about 200%.
The U.S. Census Bureau announced data for international trade, wholesale inventories and retail inventories advance for June 2022.
For the second quarter of 2022, Genuine Parts Company reported record sales of $5.6 billion, a 17% increase over the same period a year ago.
Milton’s sixth acquisition in the past 30 months is a designer and manufacturer of the LTI Tools brand, according to the announcement.
The manufacturer/distributor says Don Freeman and Kevin Blossom have been promoted to president positions.
Jon Bridge will join Rivet|MRO from Crescent Electric Supply, where he served as the 3M strategic accounts specialist.
Watsco reported a profit margin of 27.9% from their sales of $2.13 billion compared to last year’s $1.85 billion.
It could take until the end of 2023 to complete, after which 3M will retain a 19.9% stake.
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