The news comes just a few days after the bankrupt auto parts supplier said it would wind down operations at several of its key brands.
White Cap is owned by PE firm CD&R, and Colony by Audax Private Equity. It will net White Cap more than 60 new locations.
The bankrupt company said it has begun winding down parts of the business as part of its Chapter 11 restructuring, while continuing to operate and seek buyers for its remaining units.
The move diversifies Britton Lumber’s business into packaging and strengthens its presence in Massachusetts, Rhode Island and Connecticut.
AIT added a like distributor with about $20 million in annual revenue, while encouraging financials led to raising the lower end of the company’s guidance.
Metalforming manufacturers indicated month-to-month improvement in their January outlook survey for near-term business conditions, incoming orders and shipping levels.
The new capability is designed to help pros create project material lists within minutes.
World Electric promises faster deliveries, more specialized services and support for vertical markets like solar and EV charging as a result of the new facility opening.
Stanley Black & Decker will return to a non-executive Chairman of Board effective Oct. 1.
They’ve been in the electrical supplies market since 2009, with a long tenure at Anixter before it was acquired by Wesco in 2020.
The pending acquisition is set to create a combined company with over $9.5 billion in annual revenue.
Beverage alcohol distributor RNDC secured “significant additional” financing from its lenders to support operations.
