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The St. Louis-based electrical, communications and data networking distributor says Richard S. King has been named to the new role.
The supplier of commercial supplies, equipment, consumables and expertise to specialty contractors announced the acquisition this week.
The Philadelphia-based global hygiene and health company acquired a U.S.-based cleaning and wiping company and manufacturer.
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With the deal, the food service and JanSan distributor’s annual revenues are now expected to exceed $1 billion.
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But nonresidential construction spending fell 0.7%, according to an Associated Builders and Contractors data analysis.
SBP Holdings completed the sale of Bishop Lifting Products, a group of value-added distributors of lifting products and specialty rental equipment.
Heating, Air-conditioning & Refrigeration Distributors International says average annual sales growth for the 12 months ending in December is 23.6%.
The home improvement retailer says Edward "Ted" Decker has been named CEO and president, effective March 1.
