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Supply chain issues and rising cost of materials slow cutting tool industry’s rebound from COVID.
The seasonally adjusted Fastener Distributor Index (FDI) for April was 58.7, down from 66 in March due to global supply chain issues.
Atlas Copco’s newest asset, MidState Air Compressor, has 15 employees and covers markets in Connecticut, Rhode Island and Massachusetts.
Miami-based Watsco has added Acme Refrigeration, whose 2020 revenues were $60 million, to its portfolio.
SiteOne Landscape Supply, the Georgia-based distributor of landscape supplies, has added California-based distributor Rock & Black Hardscape Supply to its portfolio.
Air Supply’s second quarter results negatively impacted by COVID-19 and severe winter storm on Gulf Coast.
Addition of Missouri-based distributor will give SRS better coverage throughout Missouri and Arkansas.
Addition of John’s Lumber will benefit Builders FirstSource’s operations through the state of Michigan.
New orders placed in March also marked a 16.1% increase from the previous month of February, according to the most recent U.S. Manufacturing Technology Orders report.
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