Jason McGuire, who joined Air Hydro Power as executive vice president in January, will become CEO.

For distributors, those forecasts point to continued underlying demand from manufacturing customers, but in a market where customers are likely to pay much closer attention to prices, sourcing and product availability.

Core & Main also is positioning itself as a buyer for independent distributors whose owners want access to the resources of a larger organization while maintaining the local relationships that built their businesses.

The Beloit, Wisconsin-based company said Keith Rozolis will retire Dec. 31. President and chief operating officer Mike Jost will succeed him Jan. 1.

The new structure gives Motion internal continuity in operations, technology and human resources while adding outside financial expertise for the transition to an independent public company.

Franklin said it will use its international distribution network to expand Cat Pumps in select industrial and infrastructure markets outside North America. The deal also gives Franklin a larger installed equipment base that generates recurring sales of replacement parts and accessories.

The department says WARN investigations consider whether appropriate notice was provided, whether affected employees were properly compensated and whether a company took steps to obtain capital or pursue other options to keep workers employed.

Second-quarter sales increased 2.5% year over year to $2.15 billion from $2.09 billion. Net income rose 6.4% to $150 million from $141 million a year earlier.