The rule is set to increase the current salary threshold for overtime pay exemption by 65% at the start of 2025.
The rule will go into effect 120 days after entered into the Federal Register, though it’s expected to meet stern legal opposition.
Originally announced this past July, the deal was valued at $960 million.
Marc Strandquist — a 37-year industry veteran with Wurth Industry North America, Optimas Solutions and Martin Inc. — passed away on Aug. 31.
A potential transaction would likely be a merger of Bentley with Schneider’s software business and be valued at over $15 billion.
The cooperative has honored its top distributors and manufacturers for their achievements and contributions over the past year.
Motion continued to see sales growth and strong renewal rates with corporate account customers, which comprise about 45% of business.
The accolade recognizes outstanding commitment to advancing the development and influence of women in the industrial supply channel.
The association’s annual John J. Buckley Award honors an individual in the MROP channel for their longstanding service in the industrial supply industry.
Snap One – a manufacturer and distributor of of smart-living products and services – will be integrated into Resideo’s ADI Global Distribution unit.
The distributor frequently cited adverse weather in its 1Q report, while poor demand remains the core issue as pricing has stabilized.
At long last, U.S. manufacturing activity appears to be back in the black.
