August 2016 News
F.W. Webb Co. breaks ground on central distribution site
The F.W. Webb Company held a groundbreaking ceremony at the site of its nearly one-million-square-foot Central Distribution (CD) facility under construction in Londonderry, New Hampshire.
CRP Industrial names director of business development
CRP Industrial has appointed Stephen Johns as director of business development.
Tencarva Machinery acquires Dixie Pump & Machine
Tencarva Machinery Company LLC, Greensboro, N.C., has acquired Dixie Pump & Machine Works in Brookhaven, Miss., plus a portion of Predictive Maintenance Consultants in Brookhaven.
PTDA Business Index shows slower growth
The PTDA Business Index for the second quarter of 2016 was 50.4, slightly lower than the 50.9 reading in the first quarter.
Harrington Hoists names Midwest regional sales manager
Harrington Hoists announced the promotion of Brett Kunin from sales representative to Midwest regional sales manager, effective Sept.1.
Rockford Systems names VP of sales
Rockford Systems, a provider of machine safeguarding products and services, promoted Matt Brenner to the position of vice president of sales.
Turtle & Hughes names global sourcing executive
Turtle & Hughes announced that executive vice president Randy Roessle will assume global strategic sourcing responsibilities for both its Electrical Distribution and Integrated Supply Divisions.
Real GDP up 1.1 percent for quarter
Real gross domestic product increased at an annual rate of 1.1 percent in the second quarter of 2016, according to the "second" estimate released by the Bureau of Economic Analysis.
ISA Economic Indicator falls below 50
The August ISA Economic Indicator Report (EIR) from the Industrial Supply Association showed that the Manufacturer Index and the Distributor Index both fell below 50 for the first time in 2016, indicating a contracting economy.
Distributors and manufacturers dissatisfied with joint planning
Recent research conducted by Channel Marketing Group and Verde Associates revealed that distributors and manufacturers are dissatisfied with their current joint business planning process.
Lilly to join NAW staff
Patricia A. Lilly will join the staff of the National Association of Wholesaler-Distributors on Sept. 6 as senior vice president-thought leadership and executive director of the NAW Institute for Distribution Excellence.
Applied Industrial Technologies launches new website
Applied Industrial Technologies has launched a new e-commerce website with improved navigation and interactive functionality.
Firestone Industrial Products names marketing executive
Firestone Industrial Products Company named Mark Hilburger its executive director of marketing.
Epicor Commerce Connect now available with P21
Epicor Software Corporation announced its Epicor Commerce Connect (ECC) solution is now available with Epicor Prophet 21 as part of its strategy announced earlier this year to digitalize today’s distributors and wholesalers.
Grainger awards grants to six community colleges
Grainger announced it awarded special one-time grants to the six community colleges most active in the Grainger Tools for Tomorrow scholarship program.
Chicago Fed National Activity Index showed improvement in July
Led by improvements in production-related indicators, the Chicago Fed National Activity Index rose to +0.27 in July from +0.05 in June.
Emerson to buy Pentair valves and controls business
Emerson has signed an agreement to purchase the Valves & Controls business of Pentair for $3.15 billion.
North American Tool names 2016 Scholarship recipients
North American Tool Corporation announced the recipients of its annual Taylor Memorial Scholarship.
Essendant announces organizational changes
Essendant Inc. announced organizational changes to adapt to the changing marketplace and improve focus on key customer channels by flattening the company's overall structure and better aligning accountabilities across the organization to improve execution.
Dorner names new SE territory manager
Jon Schadeberg has been appointed a territory manager covering the states of Georgia and Florida for Dorner Mfg. Corp.
Praxair in merger talks with Linde
Praxair Inc. today confirmed that it is currently in preliminary discussions with Linde AG regarding a potential merger.
Hagemeyer-IDG to become Vallen Distribution
Hagemeyer North America-Industrial Distribution Group announced that it will rebrand as Vallen Distribution Inc. in mid-October.
FCX Performance acquires S W Controls
FCX Performance announced that it has completed the acquisition of S W Controls Inc.
D&S Industrial Fasteners opens new location
D&S Industrial Fasteners announced the grand opening of the company's first retail storefront in Washington, Pa.
Sales at Applied fall 6.4 percent in quarter
Applied Industrial Technologies reported net sales for its fiscal fourth quarter were $634.0 million, a decrease of 6.4% compared with $677.5 million in the same quarter a year ago.
Cutting tool consumption down 8.8 percent YTD
June U.S. cutting tool consumption totaled $175.35 million according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.
IWDC names operations manager
The IWDC announced that Eric Schwamberger will join the IWDC as distribution center operations manager.
Wila USA names vice president of sales and marketing
Wila USA announced the addition of Brian Sarno as senior vice president of sales and marketing.
Manufacturing technology orders improve
Manufacturing technology orders made a 17.5 percent gain in June compared to May according to the latest U.S. Manufacturing Technology Orders report from AMT – The Association For Manufacturing Technology.
Macpherson to become Grainger CEO
DG Macpherson, currently chief operating officer of Grainger, will become chief executive oficer and a member of the board effective Oct. 1, 2016.
Mallory Safety acquires RJ Safety Supply
Mallory Safety and Supply has acquired the assets of RJ Safety Supply Co. of San Diego.
Factory and construction jobs improved in July
Manufacturers added 9,000 jobs during the month of July, with a gain of 11,000 jobs among durable goods manufacturers being offset by a decrease of 2,000 jobs in the non-durable goods category.
Gerber named new ISA president/CEO
The board of directors of the Industrial Supply Association announced that it has elected Edward Gerber, formerly with Hagemeyer-Industrial Distribution Group, as its new president and CEO.
Acquisitions drive 30 percent sales gain for NN Inc.
NN Inc. reported that net sales for the second quarter of 2016 increased 30.0% to $214.3 million, compared to $164.9 million for the second quarter of 2015.
NOW Inc. revenues drop by a third
NOW Inc. reported a net loss of $44 million, or 40 cents per fully diluted share, for its second quarter, compared to a net loss of $19 million, or 18 cents per share, in the same period of 2015.
PFERD names new VP of sales
PFERD INC. announced the appointment of Jon-Michael Raymond to the position of vice president of sales.
AIS acquires Great Lakes Fasteners
High Road Capital Partners announced that its portfolio company All Integrated Solutions (AIS) has completed the acquisition of Great Lakes Fasteners Corporation.
Graybar sales up 3.9 percent
Graybar reported record net sales of $1.6 billion for the second quarter, a 3.9 percent increase compared to the same period last year.
Emerson to sell two business units
Emerson announced plans to sell its Leroy-Somer and Control Techniques division to Nidec Corporation and its Network Power business to Platinum Equity and a group of co-investors.
Air Liquide revenue grows on Airgas acquisition
Air Liquide reported revenue of €8.29 billion ($9.3 billion), including €511 million ($573 million) attributed to Airgas as of May 23, the closing date of the acquisition of Airgas by Air Liquide.
Kennametal reports net loss
Kennametal reported a fiscal 2016 fourth-quarter net loss of $66.1 million, or 83 cents per share, compared with net income of $21.1 million, or 26 cents, in the prior year.
AD Q2 sales up 5.3 percent
AD reported sales for all AD members grew by 5.3% in the second quarter to $16.7 billion.
Manufacturing expands for 5th straight month
Manufacturing expanded in July as the Institute for Supply Management purchasing index registered 52.6 percent, a decrease of 0.6 percentage point from the June reading of 53.2 percent.
AutoGuide AGVs names sales manager
AutoGuide AGVs, a manufacturer of automated guided vehicles (AGVs), appointed Joseph Hillebrand as the company’s new sales manager.
June construction spending declined
Construction spending during June 2016 was estimated at a seasonally adjusted annual rate of $1,133.5 billion, 0.6 percent below the revised May estimate of $1,140.9 billion.