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The plumbing distributor has opened its largest location in the area; the new store will also offer fire protection fabrication services.
Hal Grossman is being promoted to president on Aug. 1 and longtime COO Kevin Rahrig will retire on Dec. 24.
The transaction, announced earlier this month, “supports L&W Supply’s overall growth strategy,” according to the company’s president.
RBC is paying $2.9 billion to acquire the international manufacturer of highly engineered precision bearings and components for the industrial, defense and aerospace industries.
Company’s profit for the second quarter also spiked, growing 31.7% to $99.3 million.
The manufacturer reported a strong second quarter, as profit almost doubled to $1.7 billion.
The Swiss company also reported that its profit grew to $752 million from $319 million in the period.
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In addition to setting a revenue record of $1.8 billion, the pool supply distributor saw profit increase nearly 65% for the quarter.
