Latest In Electrical
New location will serve northeast North Dakota and northwest Minnesota.
Profit decreased 11.2 percent year-over-year.
Organic sales decreased 3.3 percent year-over-year.
Divestiture follows sale of Latin American operations last year.
First-quarter profit rose 33.9 percent to $68.4 million.
Acquisition adds advanced indoor mapping and navigation capabilities.
Industry consolidation ramps up with blockbuster transactions throughout year.
South Bend, IN, and Tampa, FL, branches have moved to larger facilities.
Electrical distributor also announces plan to open facility in Omaha, NE.
Weisberg founded AD in 1981 and served as its chairman and CEO for 10 years.
Company attributes reduction to slowed growth this year in some markets.
Fourth quarter sales decreased 9.8 percent year-over-year.
Acquisition expands company's offering of lighting solutions.
