The St. Louis-based electrical, communications and data networking distributor says Richard S. King has been named to the new role.
With the deal, the food service and JanSan distributor’s annual revenues are now expected to exceed $1 billion.
Heating, Air-conditioning & Refrigeration Distributors International says average annual sales growth for the 12 months ending in December is 23.6%.
The company reported 2021 fourth-quarter net sales increased 15.3% over the same period in 2020.
The worldwide construction equipment manufacturer also reported 2021 fourth-quarter sales were up 23% over the same period a year prior.
The automation company reported $1.857 billion in sales for its fiscal 2022 first quarter, 18.7% above the same period a year prior.
The Ohio-based distributor reported fiscal 2022 second-quarter net sales of $876.9 million and a net income of $57 million.
The company’s 2022 fiscal second-quarter sales were $5.9 billion, up from $4.7 billion the year before and ‘exceeding guidance.’
The construction supply company opened a branch in the city of Westbrook, the first in Maine and 16th branch overall.
The industrial automation and digital transformation company says Gina Ayala Claxton is its new president for the Americas Region.
Distributors are scrambling to reinforce bench strength as market conditions look good. Here’s what Fastenal, Ferguson, Avnet and others are sharing with MDM on how they’re adapting.
Kurt McMaken is the company’s new senior vice president of operations finance and finance transformation, Eaton says.
