April 2016 News
H.B. Fuller acquires Advanced Adhesives
H.B. Fuller Company has finalized its previously announced purchase of Advanced Adhesives, a provider of industrial adhesives in Australia and New Zealand.
NOW Inc. to acquire Power Service
NOW Inc. has entered into an agreement to purchase Power Service Inc.
NAW Institute for Distribution Excellence elects new chairman
Directors of the NAW Institute for Distribution Excellence, the long-range research arm of the National Association of Wholesaler-Distributors (NAW), elected a new chairman and three new directors.
Applied Industrial Technologies reports loss
Applied Industrial Technologies reported net sales for its fiscal third quarter were $633.2 million, a decrease of 6.9% compared with $680.0 million in the same quarter a year ago.
HD Supply to sell Interior Solutions business
HD Supply announced it has entered into a definitive agreement to sell its HD Supply Interior Solutions business unit to Interior Specialists Inc.
Wajax acquires Wilson Machine
Wajax, a Canadian industrial products distributor and service provider, has acquired the assets of Montreal-based Wilson Machine Co. Ltd.
Motion Industries to buy Colmar Belting
Motion Industries has entered into a definitive agreement to acquire Colmar Belting Company.
Sandvik posts 7 percent sales decline
Sandvik reported sales of SEK 19.7 billion ($2.4 billion) for the first quarter, a decline of 7 percent from SEK 21.9 billion ($2.7 billion) in the same period last year.
Genuine Parts Co. names new CEO
Genuine Parts Company announced that Paul D. Donahue will become president and chief executive officer, effective May 1.
PIP names national account manager
Protective Industrial Products announced the appointment of Samantha Robbins as a national account manager.
North American Tool celebrates 30 years
North American Tool Corporation, a manufacturer of special taps, threading dies and thread gages, is celebrating its 30 year anniversary.
ISA members report mixed March
The April ISA Economic Indicator Report (EIR) from the Industrial Supply Association showed mixed results among manufacturers and distributors in March.
Praxair acquires five distributors
Praxair announced that it has acquired five industrial gas businesses with combined 2015 annual sales of more than $40 million.
March growth below average
The Chicago Fed National Activity Index edged down to –0.44 in March from –0.38 in February.
PTDA welcomes five new members
The Power Transmission Distributors Association (PTDA) recently welcomed five new member companies, including one new distributor and four manufacturers.
Industrial production dropped in March
Industrial production decreased 0.6 percent in March for a second month in a row.
Epicor expands cloud-first focus
Epicor Software Corporation announced the expansion of its cloud-first focus to enable distributors to embrace digital transformation strategies.
Mincron Software names marketing manager
Mincron Software Systems, a provider of ERP distribution management solutions for durable goods wholesalers, recently appointed Mary Jo Martin as marketing manager for Mincron.
Rockwell Automation names new president/CEO
Rockwell Automation announced that Blake D. Moret, a 30-year veteran of the company, was named president and chief executive officer, effective July 1.
Motion Industries sales fall 2.5 percent
Sales at Motion Industries were $1.15 billion, down 2.5% from $1.18 billion in the same period last year.
Quincy Compressor acquires Scales Industrial Technologies
Atlas Copco’s U.S.-based Quincy Compressor LLC has acquired Scales Industrial Technologies Inc.
Motion Industries relaunches motor specialist website
Motion Industries announced the relaunch of its knowledge website: www.themotorspecialist.com.
Walter Surface Technologies publishes white paper
Walter Surface Technologies has published a new industry white paper titled “The Internet of Things Hits the Shop Floor: Metalworking in the Age of Connectivity.”
Tour de Force releases cloud offering
Tour de Force Inc. announced the release of Tour de Force Cloud.
Duracell Professional now part of Berkshire Hathaway
Duracell Professional announced that it began operating under the new Duracell Company, an independent, wholly-owned subsidiary of the Berkshire Hathaway Company, effective March 1.
By Rich Vurva, Editor/Publisher, Industrial Supply magazine
Fastenal reported sales in the first quarter 2016 increased by 3.5 percent to $986.7 million, compared to sales of $953.3 million in the same period last year. Net earnings, however, declined by 1.1 percent for the period, to $126.2 million from $127.6 million in the first quarter of 2015.
Cutting tool consumption down in February
February U.S. cutting tool consumption totaled $173.38 million according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.
Allied Machine celebrates 75 years
Allied Machine & Engineering Corp., a manufacturer of holemaking and finishing tooling systems, is celebrating 75 successful years of product and industry innovation.
Actuant names Energy Segment EVP
Actuant Corporation announced the appointment of Kenneth C. Bockhorst as executive vice president, Energy Segment.
F.W. Webb makes acquisition, celebrates 150 years
The F.W. Webb Company announced the acquisition of State Line Supply in Seabrook, N.H.
Manufacturing technology orders fall
The latest U.S. Manufacturing Technology Orders report shows that February orders dropped 5.1% compared to January, and 12.8% compared to February 2015.
Airgas reorganizes South distribution region
Airgas announced the reorganization of its South distribution region, effective May 1, into two separate regions.
Drillco names Central States director of sales
Drillco Cutting Tools has named Randy Beck as a new director of sales.
H.B. Fuller appoints CFO
H.B. Fuller Company announced that John Corkrean will join the company as executive vice president and chief financial officer on May 17, 2016.
Jason Industries names new president
Jason Industries Inc. announced that Brian K. Kobylinski is joining the company as president and chief operating officer.
by Rich Vurva, Editor, Industrial Supply magazine
Despite a sales decline of 3.2% in its most recent quarter, e-commerce sales improved for MSC Industrial Supply Co.
Cline Tool announces new salespeople
Cline Tool recently announced the addition of two new sales positions.
H.B. Fuller to acquire Advanced Adhesives
H.B. Fuller Company has signed an agreement to purchase Advanced Adhesives, a provider of industrial adhesives in Australia and New Zealand.
Winsupply acquires K&J Supply
Winsupply Inc. has purchased majority ownership of K&J Supply, Pensacola, Fla., a distributor of industrial pipe, valves and fittings that serves the Gulf Coast.
Kyocera to acquire SGS Tool
Kyocera Corporation announced that it has completed a share purchase agreement to acquire SGS Tool Company of Munroe Falls, Ohio.
Continental Abrasives names national sales manager
Continental Abrasives announced the hiring of Frank Humphreys as national sales manager.
Harrington Hoists makes two executive appointments
Harrington Hoists Inc. announced the promotion of two key executives.
CBT acquires FDL Automation
CBT Co. (formerly Cincinnati Belting & Transmission) has acquired FDL Automation & Supply Company, a locally owned electrical distributor based in Sidney, Ohio.
Würth Group acquires House of Threads
The Würth Group announced the acquisition of House of Threads, based in Birmingham, Ala.
Construction spending dipped in February
Construction spending during February 2016 was estimated at a seasonally adjusted annual rate of $1.14 trillion, 0.5 percent below the revised January estimate of $1.15 trillion.
Construction employment up, manufacturing jobs down
Total nonfarm payroll employment rose by 215,000 in March, and the unemployment rate was little changed at 5.0 percent, the U.S. Bureau of Labor Statistics reported today.