The private equity firm will add a 144-year-old manufacturer of precision tools, cutting tools and metrology systems to its portfolio.
By the end of 2024, The Home Depot expects to have 17 of its top pro markets equipped with new capabilities for pros.
Consumption also increased 4.1% year-over-year, rebounding from December’s declines.
The fast-growing distributor in the U.S. upper midwest said the 100,000-square-foot facility will enable it to better serve customers.
WALTER said the addition helps its customers be more productive and confidently approach robotics and automation for their material removal process.
The funds support PT/MC industry employers to be more successful in their recruitment and retainment efforts.
Full-year operating and net profit jumped more than 40% vs. 2022.
Acquisitions drove nearly all of DSG’s growth in 2023, which marked its first full calendar year since forming in early 2022.
Non-heavy manufacturing, non-residential construction and reseller end markets outperformed January.
The plumbing and HVACR distribution giant also updated its plans to ‘domicile’ its ultimate parent company in the U.S. to reflect operations and leadership.
It marks the OEM fasteners distributor’s 12th acquisition since 2018 and the fifth since 2022.
It followed a sizeable jump in January, reflecting broad weakened industrial demand.
