The Sonepar company also said its 500,000-square-foot Central Distribution Center in Katy, Texas, will open by the end of the year.
The all-cash transaction will be funded through Greif’s existing credit facility and is expected to close by the end of the calendar year
Third-quarter sales reached $904 million, a 7% sequential increase from the second quarter of 2022 and a 32% improvement over 3Q 2021.
In the first quarter and second quarter of 2022, year-over-year growth topped 36.1% and 24.2%, respectively.
Fastenal’s eCommerce sales represent 17.4% of total company year-to-date sales, the company announced.
Masonite’s net income for 2022’s third quarter was $57 million, a 51% increase over the same quarter in 2021.
The 75,000-square-foot warehouse will include extensive inventory and broad mix of power tools, safety equipment and general jobsite supplies.
Kelly Evans retired effective Nov. 1, and the fasteners and packaging supplies distributor has named his successfor.
On a year-over-year basis, industry employment has risen by 266,000 jobs, an increase of 3.6%, according to Associated Builders and Contractors.
Lawson Products changed its name to Distribution Solutions Group after merging with TestEquity Gexpro Services in April.
For the nine-month period ending in September, total revenue was $7.4 billion, up sightly versus the same period last year.
Net income attributable to NOW Inc. was $40 million for 2022’s third quarter, the company said in an announcement.
