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Year-to-date, the goods and services deficit increased 2% from the same period in 2018.
The acquisition strengthens Valin Corporations automation product portfolio.
The acquisition strengthens the companys presence in the Midwest.
Erie Press has reported annual revenues of $20 million.
John Henry Foster Minnesota is a value-added distributor of motion control parts and accessories, supplying manufacturers in the Upper Midwest.
Annualized growth through April was 12.6%.
John Hay was most recently a 84 Lumber store manager.
The May PMI registered 52.1%, a decrease of 0.7% from the April reading.
Presta will complement the companys existing B&L wholesale supply branch in Erie, Pennsylvania.
Real gross domestic income increased 1.4% in the first quarter.
