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The deal creates the largest master distributor of standard pipe products in the United States.
PIP intends to leverage the acquisition to provide distributors and retailers with an expanded product offering along with more flexible competitive solutions.
Goods and services deficit decreased year-over-year in November.
The gain was largely due to higher construction intentions for multi-family dwellings and commercial buildings, with both components hitting record highs.
Distributor completes acquisition, expands footprint to the Pacific Northwest.
Vincent Touya was most recently responsible for the companys expansion of the air and sea freight business in France and North Africa.
