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The Texas-based building products distributor will distribute the money to more than 4,300 of its employees.
Company spending $514.2 million on Seepex, a positive displacement pump manufacturer that has 800 employees and facilities in North America and Asia Pacific.
The latest Chicago Fed National Activity Index (CFNAI) found that three of the four broad categories of indicators used to construct the index chipped-in positive contributions in May.
And housing starts are up compared to year-ago period and the previous month, according to the latest residential construction report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
B&D says the acquisition “expands the company’s geographic reach and provides new services and support to customers throughout the U.S.”
Global Industrial and NAW partner to supply small and mid-sized cities with PPE and other resources as students and teachers return to classrooms.
O’Donnell is responsible for the structure, strategy and execution of company-wide initiatives to broaden the brand's reach and drive demand for F.W. Webb.
Following the close of the $91 million transaction, OmniCable will retain both brands and its existing locations.
The U.S. Census Bureau reported the combined value of distributive trade sales and manufacturers’ shipments and inventories for April increased by 40% from the same month in 2020.
According to the Industrial Production and Capacity Utilization Report, manufacturing output increased 0.9% during the month.
