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Mike Slater previously served as a general manager at Arrow Electronics and has more than 25 years of sales and management experience.
Patrick S. Watson, current VP of finance and corporate controller, will take over as vice president and chief financial officer.
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It's the third acquisition Solve has made in the past year, including recent additions of Bearings Limited and SST Bearing Corporation.
PIP said the deal expands its operations in southern and eastern Europe by adding more than 215,000 square feet of warehouse space.
The pneumatic manufacturing company is expected to strengthen Bailey’s North American infrastructure and help support customers globally.
U.S. manufacturing corporations' seasonally adjusted after-tax profits in the first quarter of 2022 totaled $261.9 billion.
Kansas-based Level5 is expected to join Worthington’s collection of tools for both professionals and DIYers.
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'XPS complements our significant recent investments in the e-commerce fulfillment and shipping space,” Descartes’ CEO says.
