The transaction between the chemicals and food ingredients distributor and private equity firm Apollo is expected to close in the second half of 2023.
The company may add wheel-manufacturing capabilities, enhancing capacity for customers in Mexico and also the U.S. and Canada.
Over the past 12 months, the all-items index has increased 6% before seasonal adjustment, according to the Bureau of Labor Statistics.
The figure is significantly above the 6.6% increase in overall nonresidential spending, according to firm Marcum LLP.
The 115,888-square-foot distribution center is expected to increase Acme Tools’ online order processing capability.
The 12,500-square-foot facility located in the town of Monument will stock commercial and residential products.
The financials included results for Varis, the company’s new B2B marketplace launched during 2022’s fourth quarter.
That included $430 million in revenue from Lawson Products, up 15.6% vs. 2021.
The company’s income from operations for 2022 increased nearly 60% over the previous year, Graybar announced.
The retailer says the strategy will help it distribute its inventory more efficiently, according to a Wall Street Journal report.
The companies plan to launch an initial set of combined data service offerings to the market beginning early second quarter 2023.
For all of 2022, revenue was $503 million an increase of 25% over 2021, Allied said in its recent earnings announcement.
