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Former Coperion President Ryan will succeed Raver as CEO of Hillenbrand on January 1.
Construction spending for the fourth month of 2021 was up 0.2% from the previous month of March.
Specialty building materials distributor US LBM Holdings again expands its presence in Texas with an agreement to acquire J.P. Hart Lumber and Hart Components.
The distributor partnership with McElroy beefs up F.W. Webb’s fusible thermoplastic offering.
Dayton-based distributor adds Greenville, North Carolina, company to its portfolio.
Distributor says the purchase will enhance its leadership position in metalworking and expand its aerospace industry presence.
Landscape distributor is growing its Irrigation Station business with Texas locations in Katy, Conroe, San Antonio, Austin, Mansfield and Richland Hills.
The May ISM PMI registered 61.2%—an increase of 0.5% from April—for the 12th consecutive month of expansion.
Optimas says the new distribution center is part of a larger strategic plan to increase its distribution footprint across the U.S.
Atlas Copco’s newest addition is a specialized vacuum systems and solutions provider for the chemical and pharmaceutical industry.