Building materials distributor ABC Supply Co. Inc. of Beloit, Wisconsin, recently acquired the assets of Kentucky-based Siding Sales Inc. Financial details were not disclosed. The acquisition includes Siding Sales Inc.’s locations at 587 Lovers Lane in Bowling Green, 3440 Edmonton Road in Glasgow and 151 Van House Lane in London. ABC Supply says the deal […]
Category: Operations
Envoy Solutions Acquires Valley Janitor
Envoy Solutions — the Glenview, Illinois-based holding company that owns and operates North American, WAXIE Sanitary Supply, SWPlus, Southeastern Paper Group and Daycon Products Co. — acquired Ohio-based Valley Janitor Supply Company. Valley is a distributor of cleaning solutions and in-house cleaning operations. The company is Envoy’s seventh acquisition over the past few months. Financial […]
GWS Tool Acquires Carbide
Tavares, Florida-based GWS Toll Group acquired Menomonee Falls, Wisconsin-based Carbide Tools Manufacturing, Inc., a provider of special carbide round tools. GWS says the deal will expand its manufacturing presence in the upper-Midwest region. Financial terms were not disclosed. “CTMI has a tremendous reputation for service and ingenuity,” GWS CEO Rick McIntyre said. “Their experience with […]
MSC Fiscal 1Q Sales Up 9.9%
MSC Industrial Supply Co. (NYSE: MSM) last week reported fiscal 2022 1Q sales of $848.5 million, a 9.9% increase over the same period a year ago. The company reported average daily sales growth of nearly 500 basis points above Industrial Production Index and an operating income of $90.7 million for the period ending Nov. 27. […]
Amazon Hubs to Add 2,550 Jobs
Amazon (NASDAQ: AMZN) on Tuesday said it plans to expand tech hubs in Austin and Phoenix and will add approximately 2,550 jobs. The company announced plans to create more than 2,000 corporate and tech jobs in Austin over the next few years. The new roles are expected to support growth in Operations Technology, Amazon Retail, […]
Painters Supply Acquires Specialty Coatings
Painters Supply & Equipment Co. on Tuesday said it completed an acquisition of Specialty Coatings, Inc, a distributor of paints, coatings and supplies for industrial, marine, architectural and government applications in the U.S. Financial terms were not disclosed. “SCI is a strong distributor with a solid reputation of providing industry-leading products and value-added services to […]
Sonoco Acquiring Ball Metalpack for $1.35B
Hartsville, South Carolina-based Sonoco (NYSE: SON) says it entered into a definitive agreement to acquire Ball Metalpack — a leading manufacturer of sustainable metal packaging for food and household products and the largest aerosol producer in North America — for $1.35 billion. The cash offer does not take into consideration tax benefits with an estimated […]
Pipeline Packaging Acquires MidStates
Glenwillow, Ohio-based rigid industrial container distributor Pipeline Packaging has acquired MidStates Container Company, a full-line packaging distributor located in St. Louis. Financial terms of the deal were not announced. The acquisition will consolidate supply lines and leverage the two companies to allow for geographic expansion in the Midwest, Pipeline Packaging said. “This is an exciting […]
Behind the Deal: How the Motion-KDG Deal Changes the Landscape
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Georgia-Pacific Invests $500M-plus in Complex
Georgia-Pacific says it’s investing more than $500 million at its Green Bay, Wisconsin, Broadway mill, which should generate about 150 jobs. Investments to the mill include building a new paper machine using through-air-dried technology and adding associated converting equipment and infrastructure. Engineering work is beginning immediately, with startup of the new machine scheduled for the […]
Kodiak Acquires Shepley Wood Products
Highlands Ranch, Colorado-based Kodiak Building Partners says it has acquired Shepley Wood Products, a company that serves professional builders, architects, designers and homeowners in southern Massachusetts. Tony Shepley will remain in his role as president with the company once the acquisition closes, Kodiak said. Shepley will also join the Retail Lumber and Gypsum Group of […]
TriMas Closes Omega Deal
TriMas (NASDAQ: TRS), a Bloomfield Hills, Michigan-based manufacturer of engineered and applied products, has closed its acquisition of Omega Plastics. Omega is a manufacturer of custom components and tooling for medical, as well as industrial applications. TriMas says it will expand Omega’s production capacity, as required in order to benefit its customers’ longer-term needs, while […]
Emerson Acquires Mita-Teknik
In an all-cash deal, Emerson Electric Co. of St. Louis said it has acquired Mita-Teknik, a leader in the control automation business for wind power generation, equipping wind turbines and wind farms with technologies. Financial details were not announced. “This acquisition is highly complementary to Emerson’s existing control system portfolio and supports the company’s ability […]
OTC Nets 3rd Acquisition in Week
Columbus-based Ohio Transmission Corporation — an industrial equipment service provider and distributor — acquired Diversified Pump, a provider of pumps, heat exchangers, gas compressors and service to industrial customers throughout the New England region. Financial details were not disclosed. The acquisition is the third OTC has announced in the past week. The company also acquired […]
Pearlman Group Acquires Vector Tools
The Pearlman Group, a portfolio company of The Stephens Group, LLC, has acquired Advanced Diamond Technologies, Inc., whose trade name is Vector Tools. Financial terms of the transaction were not disclosed. The Pearlman Group is a multi-channel developer and specialty distributor of supplies, tools and equipment used in the fabrication, maintenance, cleaning and restoration of […]
Arrow Approves $600M Stock Repurchase
The board of directors for electronic components distributor Arrow Electronics Inc. (NYSE: ARW) approved a plan to buy up to an additional $600 million of common stock through a share repurchase program. Since the fourth quarter of 2016, the company has repurchased approximately $2 billion worth of shares.’’ “Our growth, profitability, and the effective management […]
Solve Acquires Bearings Limited
Solve Industrial Motion Group, a Charlotte, North Carolina-based portfolio company of Audax Private Equity, has acquired Bearings Limited, a leading manufacturer of bearings and power transmission components under the Tritan brand. Headquartered in Hauppauge, New York, Bearings Limited has an extensive offering of more than 25,000 Tritan products and services customers from six regional locations, […]
Pool Corp. Finalizes Porpoise Acquisition
Covington, Louisiana-based Pool Corporation (Nasdaq/GSM:POOL) says it has completed its previously announced acquisition of Largo, Florida-based Porpoise Pool & Patio, Inc. and its subsidiaries. Porpoise’s primary operations include Sun Wholesale Supply, Inc., a wholesale distributor of swimming pool and outdoor-living products. It also services Pinch A Penny, Inc., a franchisor of pool and outdoor living-related […]
OTC Acquires TP Pump
Columbus-based Ohio Transmission Corporation — an industrial equipment service provider and distributor — acquired TP Pump, a provider of pump lines for commercial, domestic, municipal, industrial and fire markets in New Mexico and northern Arizona. TP Pump will operate under OTC’s Pump Motor Technology Segment. The company marks the second acquisition OTC announced this week. […]
Genuine Parts to Acquire Kaman Distribution Group Under Motion Subsidiary
Genuine Parts Company (NYSE: GPC) on Thursday announced it has entered into a definitive agreement to acquire Kaman Distribution Group under GPC’s wholly-owned subsidiary, Motion Industries, Inc. The acquisition of KDG from private investment firm Littlejohn & Co. is valued at approximately $1.3 billion, according to GPC. The transaction is expected to close in the […]
