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COVID-19 product sales and acquisitions boosted Bunzl's revenue in 2020, but a slowdown in pandemic-related sales will stunt growth in 2021.
Canadian building products distributor acquires Rockford, Illinois-based distributor River City Millwork Inc.
The U.S. Census Bureau reported that the combined value of distributive trade sales and manufacturers’ shipments and inventories for October increased 2.2% from the same month last year.
The acquisition creates a single company offering maintenance, repair and operations (MRO) and supply chain services to Europe, North America and the global marketplace.
According to the Industrial Production and Capacity Utilization Report, manufacturing output increased 0.8% during the month; year-to-date industrial production has improved but is still 5% below its pre-pandemic level.
Chuck Noll and Michelle Kelly receive promotions as part of Turtle & Hughes reorganizing its corporate and distribution operations departments.
Eaton says this investment will expand its “range of low-voltage electrical components sold in Asia Pacific.”
TriMas’ latest addition, Affaba & Ferrari, is expected to report €32 million (US$38.9 million) in revenue for fiscal year 2020.
Andy King is set to step down from his role at Arrow after 34 years with the electronics distributor; David West will replace him as president of Arrow's global components division.
But new orders placed in October marked a 3.7% increase from the previous month, according to the most recent U.S. Manufacturing Technology Orders report.
