The company said 4Q sales were $260.5 million — down 0.6% from the same quarter in 2021 — while total-year sales increased 9.7%.
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The company plans to implement the new change beginning May 1, more than three years after many staff members began working remotely.
The company appointed Sofia Sirvell as CDO for the Sandvik Group and new member of the Group Executive Management as of March 1.
Sales for 4Q 2022 were $35.8 billion, an increase of $112 million (or 0.3%) from the same quarter a year before.
The grand opening of its new 300,000-square-foot Tacoma warehouse and distribution center was held Feb. 1.
Year-to-year food prices abated to 11.6%, which is historically high but also the lowest annual increase since October 2021.
With the acquisition, Seco says it will increase its presence in the medical segment offering integrated manufacturing solutions.
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FSPB-USA offers EZO high precision miniature, thin section and radial ball bearings used in a wide variety of applications.
December 2022 cutting tool consumption totaled $188.4 million, according to the U.S. Cutting Tool Institute and The Association For Manufacturing Technology.
The 40,000-square-foot facility is designed to deliver energy-efficient solutions to the region’s 'thriving' technology sector.
For all of 2022, the company reported $2.13 billion in revenue, according to NOW Inc.'s 4Q 2022 earnings announcement.
The company will distribute safety products and services to all industry segments, according to President Don Chargin.
Mark Lippert succeeds his cousin, David R. Lippert, who retired in December, the company said in its announcement.
Mike Smith, SVP Business Relationship Management and Data Insights, and Scott Schuenke, VP of Strategic Development and Integration Management, will retire.
Descartes acquired GroundCloud for up-front consideration of approximately $138 million, satisfied with cash on hand.
The company will be reported within Seco, a division within Sandvik Manufacturing and Machining Solutions.
The industrial PVF products distributor reported 4Q sales of $869 million, an increase of 27% compared to the same quarter in 2021.
M&A deals involving building supply facilities fell from 178 in 2021 to 164 in 2022, with lumber companies accounting for the most activity last year.
Ben Brumfield will be joining the company as President, AD Member Supply, effective March 6.
The company also named its Supplier Representative of the Year, which is Brandt Anderson for Stanley Black & Decker.
