It bolsters AFC’s offerings of parts and services for military and defense applications.
The group of 14 executives and directors span a wealth of industry experience and insight for ISA’s strategic direction.
U.S. manufacturing activity remained in contraction during June for a fourth straight month, but the improvement topped economists’ expectations and snapped three straight months of monthly decline.
Stanley B&D announced a leadership transition, with a new President and CEO set to take over as Donald Allan steps into the role of Executive Chair.
The company reported a year-over-year sales decline but sequential improvement, and its March achieved the company’s best average daily sales in 19 months.
GMS has agreed to be acquired by The Home Depot’s subsidiary SRS Distribution for $110 per share, topping a rival bid and valuing the deal at $5.5 billion.
Valued at $1.5 billion, the deal is set to result in a PVF and industrial supplies distributor with a combined revenue of around $5.4 billion and more than 350 locations worldwide.
Tankhaul workers at Airgas expanded their strike to five more states.
U.S. wholesale inventories fell in May, missing forecasts, as the trade deficit widened and retail inventories edged higher.
U.S. durable goods orders surged in May, driven by a sharp rebound in transportation equipment led by a jump in aircraft demand.
January-March U.S. economic growth contracted more than double than what the previous estimate showed, as rising imports and reduced government spending weighed on output.
The survey showed rising confidence among metalformers, with more expecting economic growth and higher incoming orders despite ongoing trade challenges.
