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Sales for the fourth quarter were $719.1 million, up 6% from the same period in 2018.
Both transactions are expected to close in the spring of 2020.
Columbia Pipe is an independent distributor specializing in PVF, commercial mechanical, commercial plumbing, industrial, valve automation, engineered products and hydronics.
Inventory management is wholesale distributions biggest pain point, Blue Ridge and SmartBrief survey shows.
Sales for 2019 were reported at $3 billion, down 5.6% from 2018.
Latest Manufacturers Shipments, Inventories, and Orders Survey shows little growth overall, except for a few categories that continue to rise.
The company has named Treg S. Brown as executive vice president, mergers and acquisitions, and James R. Neill executive vice president and chief human resources officer.
Companies like 3M are prioritizing distribution for those most in need, and the American Chamber of Commerce in Shanghai predicts a direct impact on 2020 revenues.
