It’s the first acquisition of 2023 for Hillenbrand after the industrial distributor made four bolt-ons in 2022.
Paul Kennedy has over 30 years of experience in the plumbing, electrical, HVACR and waterworks distribution industries.
The acquisition of PCC bolsters GracoRoberts’ presence in the aerospace composites market, according to a news release.
Hillman announced three promotions within its executive leadership team.
After a strong fiscal 2022, DXP is off to a fast start in 2023.
The New York-based health care products distributor made acquisitions in Australia and Brazil.
See the key financial figures reported by three major industrial manufacturers and distributors.
Awards include the Above and Beyond Service Excellence Award and the Sales and Marketing Excellence Award.
The fasteners distributor marks AFC’s fifth acquisition of 2023 and 10th since the company was privately acquired in April 2021.
Despite a sales decline in 1Q, Regal Rexnord CEO Louis Pinkham has high hopes for the manufacturer following its acquisition of Altra Industrial Motion.
Among the new locations are three in Texas, two in Tennessee, one in Puerto Rico and several across the Midwest.
The company’s year-over-year daily sales growth accelerated after several months of decline, powered by sales to manufacturing customers.
