Acquisition expands company's research and development capacity.
Latest In Paper Products & Packaging Distribution
Fourth quarter sales up 6.2 percent year-over-year.
Combined business will be the largest office products wholesaler in Western Australia.
Company acquires Woodway and Packaging Film Sales.
Company narrows focus to North American by selling business to private equity firm.
Company agrees to acquire Prorisk and GM Equipement and Sbe Compagniet.
Building materials sector also active in M&A last month.
Sales for the first nine months up 1.2 percent year-over-year.
Company also announces sales up 7 percent for first nine months of year.
Parent company Genuine Parts Co. sales up 0.5% in 3Q.
For the first nine months, sales were down 1.1 percent year-over-year.
Acquisition enhances company's operations "both geographically and strategically."
Acquisition brings new opportunities in the area of industrial plant floor automation.
Company also announces sales up 10 percent for first six months of year.
Company's changes include not replacing outgoing COO Tim Connolly.
Profit grew 1.7 percent for the manufacturer of containerboard and corrugated packaging products.
Declines in industrial and jan-san segments offset by increases in automotive and office products.
Parent company Genuine Parts Co. sales down 1 percent in 2Q.