The Las Cruces-based supplier serves southern New Mexico and El Paso with lumber, building materials and manufactured components.
Industrial parts sales declined across Canada, while Wajax also reported lower companywide sales and earnings, workforce reduction costs and near-record backlog as it prepares to execute its growth roadmap.
The deal places the Houston-area distributor under Helena Dumont’s ownership, with its name and employees remaining in place as its founders transition out of the business.
The acquisition of Elk Grove Village, IL-based In-Line Fastener expands Fasco’s industrial fastener business, adding a distributor of standard and custom products.
The subindex for production rose to its best mark in nearly 5 years as the overall reading had its fourth straight month at 54.5 or higher, indicating solid U.S. industrial expansion.
Response Assist AI researches pricing, inventory and other business information within Moblico’s Team Inbox, drafting messages for employees to review and send. Get the details here.
A new Reshoring Initiative report found that U.S. manufacturing investment remained resilient in 2025 despite policy uncertainty, while early 2026 data and a national survey point to accelerating reshoring activity.
The Birmingham Fastener subsidiary plans an 82,000-square-foot distribution facility that will more than double its current warehouse footprint, supporting growing demand from OEM customers.
The new facility expands BlackHawk’s capacity to serve manufacturers across four states, following a separate facility expansion in Michigan earlier in October.
The U.S. economy picked up speed in the third quarter, with investment and consumer spending supporting growth. Stronger private domestic demand and slower inflation offered encouraging signals, though inventory gains warrant a closer look.
Sales fell 2.2% YoY, improving from 2Q’s 8.8% decline, but gross margin compressed further and adjusted EBITDA dropped 28.3%, leading to a narrowed 2026 outlook.
Wesco posted record 3Q26 sales, backlog and profitability, with data centers again powering growth and momentum broadening across the portfolio. Get. thekey figures and our analysis.
