PalletOne automated manufacturing lines are in more than 70 UFP Packaging facilities with an opportunity to add 20 more locations.
Distributors have consistently voiced market optimism in recent months, but one of the leading economic indicators is cause for concern.
DSG will pay $269 million at closing for Hisco, which was No. 39 on MDM’s 2022 Top Industrial Distributors list.
The announcement comes six months after the company said it would add a new branch location in the Twin Cities area.
The St. Louis-based waterworks and industrial supplies distributor posted record sales in its fiscal 2022 that ended in late January.
Winners were chosen based on several criteria, including feedback from Winsupply Local Company Presidents and the vendor’s strategic partnership towards growth.
Last year brought the total number of job announcements since 2010 to nearly 1.6 million, according to the Reshoring Initiative.
The company said the expansion will cost approximately $52 million and will create 61 new jobs, according to a news release.
The company said it will help manufacturers and distributors more accurately plan their production schedules.
Cutting tool consumption totaled $196.2 million, according to the USCTI and the Association For Manufacturing Technology.
The partnership announcement comes six weeks after Allied Electronics & Automation rebranded as RS.
The electrical products distributor says it also completed 20 acquisitions and welcomed 2,100 new associates in 2022.
