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Harrington Industrial Plastics announced that it has completed the acquisition of Aetna Plastics in partnership with Aetna management.
Industrial fastener and packaging distributor LINC Systems, a platform of private equity firm Center Rock, adds California company to portfolio.
PRI moderates into the mid-single digits with three participants posting revenue gains during the week of July 13-17.
B&D Industrial, a founding member of AD Bearings and Power Transmission division, joins second division to enhance presence with industrial and safety product customers.
But year-to-date sales grow 2.6% from same period in 2019 as company posts “record, double-digit sales and profit growth rates in June,” according to Watsco's CEO.
Industrial distributor estimates that MRO market declined 14% to 15% during the quarter even as company gained share in the U.S.
Latest report shows U.S. cutting tool consumption down 4.4% from previous month of April, while year-to-date total is down 18.8% from same period of 2019.
