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The company, which rebranded from AmazonSupply in 2015, also said it’s now being used by more than 5 million businesses across its marketplace.
Würth and subsidiary Northern Safety & Industrial to add a $125 million safety distributor to their portfolio.
But housing starts down 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.
The distributor, which serves HVAC and plumbing contractors throughout East Tennessee, is led by Logan Hale, president of the new location.
The U.S. Census Bureau reported that the combined value of distributive trade sales and manufacturers’ shipments and inventories for January increased 7.1% from the same month last year.
Distributors expand to Mississippi with addition of two branches, in Laurel and Pearl.
According to the Industrial Production and Capacity Utilization Report, manufacturing output decreased 3.1% during the month.
Watsco will expand into the Midwest with the addition of a $291 million HVAC distributor.
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Ferguson invested $224 million in acquisitions during the first half of fiscal 2021.
