The acquisition is AFC’s sixth of 2023 and 11th since AFC was acquired by Bertram Capital in April 2021.
Manufacturing and retailer associations have called on the White House to step in on the labor dispute between 22,000 dockworkers and their employers.
The sales decline was within expectations, according to Ferguson.
Net sales decreased 1.5% over last year, but increased 49.2% compared with the first quarter of fiscal 2021, the company said.
It was the distributor’s weakest daily sales growth month since June 2021.
Get all the details on the collaboration between the two industry technology providers and how they look to help distributors grow.
Operations at major West Coast container ports have been disrupted as dockworkers and port employers fail to reach a deal over wages.
CIRCOR is a manufacturer of flow control products serving the industrial, aerospace and defense markets.
The acquisition will double Rexel’s size in the Netherlands.
Known as Wesco Aircraft until 2020, the company looks to right-size its debt amid reduced demand and ongoing litigation.
Construction spending during April was estimated at a seasonally adjusted annual rate of approximately $1.9 trillion.
3M will make facility and equipment improvements to expand its biotech manufacturing capabilities, and add 60 employees in Europe.
