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Electronics distributor also announces Chris Stansbury will replace Paul Reilly as CFO.
Acquisitions help building materials distributor nearly double revenue.
Annualized growth through March is 6 percent.
Company acquires compressor business of Kohler Druckluft.
Acquisition expands company's presence in Michigan.
Company reports a loss of $3.4 million for the quarter.
Company had sued former employees in 2015 after they resigned to join Lockwood.
Construction spending up 0.3 percent from February.