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Addition will expand Atlas Copco’s footprint in Germany with the acquisition of the vacuum equipment and services distributor.
Year-to-date, the goods and services deficit increased $38.5 billion, or 8.6%, from the same period in 2019.
NOW Inc., which reported a loss of $22 million for the quarter and a loss of $383 million for the first nine months of 2020, saw sales sink more than 50% in 3Q.
Average daily net sales decreased 9.2% and profit was down 7.1% for the building materials distributor in the third quarter.
The company said the transfer of production from Avallon to St-Cyr “enables a more competitive and flexible offer to customers, as well as the realization of synergies from the existing service center and logistics capabilities in Saint-Cyr.”
Arceo will lead the Phoenix branch team as plastic supplier Curbell Plastics continues to expand in the Southwest.
Building materials distributor BMC Stock Holdings announced during the period that it was merging with Builders FirstSource in a mammoth $2.5 billion deal.
This merger joins Delta’s members with AD’s PVF members and will bring collective member sales in AD’s PVF Division to more than $11 billion.
The September figure is 1.5% above the September 2019 estimate and 0.3% above the revised August estimate; year to date, construction spending is up 4.1%.
Following the acquisition, Zeeland’s leadership team will remain with the company, including Mark Miller, who will serve as president, and Mike Dykstra and Rob Groothuis in key leadership roles.
