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Newest addition to Atlas Copco’s portfolio is the Edwards vacuum distributor in Spain and Portugal.
Industrial distributor’s sales decline 4% in the first six months compared to year-ago period while profit sinks 53.2% YTD.
Year-over-year, the goods and services deficit increased $3.3 billion, or 4.8%, from January.
Company said the new Salisbury, N.C., distribution center will better meet growing customer demand.
Already a 50% partner in Werner Ventures LLC, the legal entity that owns Minnesota-based Werner Electric, Van Meter intends to make a stock purchase of the remaining business. The sale is expected to close on April 30.
Deal bolsters NOW Inc.’s “existing product offering with the addition of [Flex Flow’s] rental product solution.”
Association also reports that the average annual sales growth for the 12 months through February 2021 for HARDI distributors is 6.1%.
The acquisition is designed to enhance the growing data communications product category within ADI Global Distribution, according to the global manufacturer and distributor of technology-driven products and solutions.
Jim May, who joined the company in 2020, will now be charged with advancing the company’s acquisition strategy and processes.
Newest addition to Winsupply is a distributor that serves contractors in the Pittsburgh, Pennsylvania, region.
