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The average annual sales growth for the 12 months through April 2020 is 1.3%.
Distribution giant selling European subsidiary to Dutch private equity firm Torqx Capital Partners for undisclosed amount.
Machine Tool Supply is a distributor of cutting tools, abrasives, mold components, workholding products, MRO and safety supplies.
DGI Supply has hired the Production Tool & Supply employees and will continue to operate under the PT&S brand for its customers in the Rockford area.
The board of directors will begin a thorough and deliberate CEO selection process to replace Andrew Lane.
The April figure is 3.0% above the April 2019 estimate of $1,307.1 billion.
The 11.4% decline represents the smallest decline since mid-March.
The decrease in real GDP in the first quarter reflected negative contributions from PCE, private inventory investment, nonresidential fixed investment and exports that were partly offset by positive contributions from residential fixed investment, federal government spending and state and local government spending.
