It will result in a new division within AD that represents more than 700 independent electrical distributors in the U.S.
Ferguson said weakness in certain commodity categories persisted in the quarter, driving overall price deflation of about 2%.
Recent acquisitions drove most of the growth, more than doubling that of 4Q23.
It adds six branches and 130 employees across Massachusetts and New Hampshire.
The distributor’s Skypod system will consist of over 43,000 storage bins, 36 robots, three picking stations and three induction workstations.
Eighteen Brenntag warehouse workers and truck drivers have been locked out of the company’s Richmond, CA location since May 21. See commentary from both sides here.
Plumbing supplies distributor Ferguson’s eight acquisitions in this fiscal year have an aggregate annualized revenue of $350 million.
The company is set to separate its electronics and water businesses from its industrial unit.
The distributor has expanded branch capabilities in gasket sealing and fabrication, material handling and industrial hose supply.
It flipped from a strong 4.9% monthly gain in February.
ND Industries compliments H.B. Fuller’s offerings in existing market segments and brings together adhesive and mechanical fastener technology.
Allied designs, makes and services industrial control panels, electro-mechanical assemblies, robotic automation and integrated solutions.
