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Texas-based landscape distributor Heritage adds family-owned Wolf Creek Co. to its growing portfolio.
Wholesale trade shows slight decline from same month in 2019 but up slightly from the previous month of October, according to the latest report from the U.S. Census Bureau.
The seasonally adjusted Fastener Distributor Index (FDI) for December was 62.6, up from 54.5 in November.
The $11.2 million 104,000-square-foot building will house Motion’s area fluid power shop, hose and rubber shop and engineering department.
Company unloads Mississippi-based distributor for $20 million in order to reduce debt.
Increase of manufactured durable goods for the month is the seventh in a row after two decreases during the height of the coronavirus crisis.
Year-to-date, the goods and services deficit increased $73.6 billion, or 13.9%, from the same period in 2019.
Addition will expand Atlas Copco’s footprint in Germany with the acquisition of the vacuum equipment and services distributor.
