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It was the first consecutive increase since June of last year.
The rule is set to increase the current salary threshold for overtime pay exemption by 65% at the start of 2025.
The rule will go into effect 120 days after entered into the Federal Register, though it's expected to meet stern legal opposition.
The moves are across the distributor’s locations in Florida and Georgia.
The rapidly-expanding building products distributor now has more than 60 DCs across the U.S.
The investment will help Continuum expand digital transformation for B2B distributors and manufacturers beyond eCommerce.
Originally announced this past July, the deal was valued at $960 million.
The deal was originally announced on September 14, 2023.
Marc Strandquist — a 37-year industry veteran with Wurth Industry North America, Optimas Solutions and Martin Inc. — passed away on Aug. 31.
