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The deal adds four established pump brands and approximately $115 million in annual revenue to Crane while expanding its position in municipal water and wastewater markets.
The deal would significantly expand Watsco’s plumbing and HVAC distribution presence across seven Northeast states.
Mauser Packaging Solutions has combined its U.S. Questar distribution business with its Canadian distribution operations under the Questar brand, adding seven Canadian hubs to an industrial packaging network of more than 18 warehouses across North America.
It was the fifth straight month that order values topped $500 million, which is only the second time that has been recorded since 1998.
Jason McGuire will take the helm Oct. 1, succeeding Tom McGuire, who will transition to a consulting role with parent company Houchens Industries after 34 years at the distributor.
The beverage alcohol distributor accepted responsibility for improper payments to retail employees and agreed to strengthen compliance.
Consumer prices rose 0.4% in August as gasoline costs rebounded. Annual inflation held at 3.4%, matching expectations, while the monthly core reading came in slightly hotter than forecast. Get our breakdown of the figures and analysis.
The announcement comes only a year after Crescent appointed President and CEO Penny Cotner as its top leader.
The acquisition extends Descartes' warehouse and inventory management capabilities while deepening its reach into the 3PL and eCommerce fulfillment market.
