August 2017 News

Distribution One offers Amazon connectivity
Distribution One announced a direct sales channel into Amazon's global marketplace.

Bolts & Nuts Corp. acquires Challenger Component Services
Bolts & Nuts Corp. has acquired Nashville-based Challenger Component Services, a provider of engineered Class C products.

PTDA report shows accelerating growth
The first quarter 2017 Sales History & Outlook Report released by the Power Transmission Distributors Association (PTDA) showed power transmission/motion control (PT/MC) distributor sales began to rise.

HD Supply Waterworks becomes Core & Main
HD Supply Waterworks, the nation’s largest distributor of water, sewer, storm and fire protection products, today announced the company will change its name to Core & Main effective immediately.

Rockford Systems and Master Lock form partnership
Rockford Systems and Master Lock announced a new joint initiative designed to accelerate the adoption of safety technologies throughout the North American manufacturing sector.

Mayhew Tools earns ISO 9001:2015 certification
Mayhew Steel Products announced that it has received ISO 9001:2015 certification.

Continental conveyor plant celebrates 50th anniversary
Continental ContiTech announced that its Marysville, Ohio, manufacturing facility for conveyor belting products celebrated its 50th anniversary recently.

Pratt and Derry recognized by Fastener Show
The Fastener Show and the Fastener Industry Coalition announced plans to recognize two industry executives.

Lewis-Goetz expands offering to food and beverage industry
Lewis-Goetz recently announced that it expanded its product and service offerings for customers in the North American food and beverage industry.

Tencarva branch relocates to Madison, Miss.
Tencarva Machinery Company has relocated its Jackson branch office to Madison, Mississippi.

BlackHawk names Rockford GM
BlackHawk Industrial announced the hiring of Bill Isberg as general manager of its Rockford, Illinois, branch.

NetPlus Alliance sales grow by 11.2 percent
NetPlus Alliance announced that its purchase volume has grown by 11.2% year-to-date.

Conexiom joins AD as service provider
ecmarket, creator of Conexiom sales order and invoice automation, announced its membership with AD.

Chicago Fed National Activity Index points to growth
The Chicago Fed National Activity Index moved down to –0.01 in July from +0.16 in June.

Winsupply opens Tennessee location
Winsupply Inc. has opened a new Winsupply company in Franklin, Tennessee, its fifth new company of 2017.

Murdock's Blazer receives business award
Brenda Blazer, president of Murdock Companies Inc., was recently recognized as one of the 2017 Top 25 Women in Business by the Wichita Business Journal.

PFERD names pipeline channel account manager
PFERD INC. announced the appointment of Michael Roche to the position of account manager, pipeline market.

Actuant to divest Viking SeaTech and acquire Mirage Machines
Actuant Corporation signed a definitive agreement to sell its Viking SeaTech business to Acteon Group Limited, and to acquire Acteon's Mirage, a provider of industrial and energy maintenance tools.

Manufacturing technology orders climb
June manufacturing technology orders climbed 6.5 percent over May, according to a report released by AMT – The Association For Manufacturing Technology.

Jason Industries names new CFO
Jason Industries announced that Sarah C. Lauber, senior vice president and chief financial officer, will be leaving the company on Aug. 25, 2017 to pursue another opportunity.

Ritter Technology forms Motion & Control Enterprises
Ritter Technology, a distributor of industrial motion and control products, has formed a holding company, Motion & Control Enterprises LLC (MCE), to oversee operations for current and recently acquired divisions of the company.

Applied posts 7.5 percent sales gain
Applied Industrial Technologies said net sales for its fiscal fourth quarter were $681.5 million, an increase of 7.5 percent compared with $634.0 million in the same quarter a year ago.

MSA Safety names president of MSA Americas
MSA Safety Incorporated promoted Steve Blanco to the position of president, MSA Americas.

Productivity up 0.9 percent in 2Q
Productivity increased 0.9 percent during the second quarter of 2017, the U.S. Bureau of Labor Statistics reported, as output increased 3.4 percent and hours worked increased 2.5 percent.

Cutting tool consumption rises in June
June U.S. cutting tool consumption totaled $186.57 million, a 6 percent increase from the total of $175.97 million in June 2016.

Desoutter Industrial Tools opens new headquarters
Desoutter Industrial Tools, a supplier of electric and pneumatic industrial tool solutions, recently held the grand opening of its new North American headquarters.

RBC Bearings sales up 6 percent
RBC Bearings posted net sales for the first quarter of fiscal 2018 of $163.9 million, an increase of 6 percent compared to $154.6 million in the first quarter of fiscal 2017.

MSC acquires DECO Tool Supply
MSC Industrial Supply has acquired DECO Tool Supply Co., an industrial supply distributor based in Davenport, Iowa.

SENCO acquired by Kyocera
SENCO Brands has been acquired by Kyocera Corporation, and will operate as part of Kyocera’s Global Cutting Tool Division.

General Equipment names VP of sales
General Equipment Company, manufacturers of light duty construction equipment, named Randy Dahl vice president of sales.

Indian River expands staff
Indian River Consulting Group (IRCG), a consulting firm focused on the distribution and manufacturing industries, has grown its team to meet increasing demand for its strategic planning and sales compensation services.

Fastenal posts strong July
Fastenal posted sales of $349.9 million July, a 12.9 percent gain from $309.9 in July 2016.

Employment grew by 209,000 jobs in July
Employment increased by 209,000 jobs in July, and the unemployment rate fell to 4.3 percent from 4.4 percent.

General Pipe names new national sales manager
After 40 years with the company, General Pipe Cleaners national sales manager Andy Zelazny announced his retirement at the end of September.

Gardner Denver 2Q sales up 25 percent
Gardner Denver Holdings reported second quarter revenues of $579.1 million, up 25 percent from $462 million in the second quarter of 2016.

Jason Industries reports 7.1 percent sales decline
Jason Industries reported a net loss of $3.5 million, or 17 cents diluted loss per share, for the second quarter.

Kennametal returns to profitability
Kennametal Inc. reported fiscal fourth quarter sales were $565 million compared with $521 million in the same quarter last year.

NOW Inc. revenue up 30 percent
NOW Inc. said its second quarter revenue of $651 million for the second quarter of 2017 was up 30 percent year over year.

Allied Motion revenues decline 8.4 percent
Allied Motion Technologies reported second-quarter revenue was down 8.4 percent to $60.3 million.

PTDA adds eight members
The Power Transmission Distributors Association (PTDA) recently welcomed eight new member companies.

Bishop Lifting Products acquires Matex Wire Rope
SBP Holdings, through its wholly owned subsidiary Bishop Lifting Products, has acquired Matex Wire Rope Inc. headquartered in Kilgore, Texas.

Grainger's Ryan to retire as chairman
Grainger announced that CEO DG Macpherson will assume the role of chairman upon the retirement of Jim Ryan on Oct. 1.

Manufacturing expanded in July
Manufacturing expanded at a slower pace in July compared to the previous month, as the monthly Institute for Supply Management index registered 56.3 percent, a decrease of 1.5 percentage points from the June reading of 57.8 percent.

KITO Americas announces executive changes
KITO Americas announced several changes to its KITO America's corporate structure.

AD member sales up 10 percent
AD reported sales for all members across 10 divisions and three countries grew by 10 percent during the first six months of 2017 to $17.8 billion.

FCX Performance acquires Encova Inc.
FCX Performance, a specialty flow control distributor serving OEMs, EPCs and end-users, has completed the acquisition of Encova Inc.

Columbus McKinnon sales climb 36.7 percent
Columbus McKinnon Corporation announced that sales for the first quarter of fiscal 2018 were up 36.7 percent to $203.7 million.

Eaton sales up 1 percent
Eaton Corporation plc reported sales in the second quarter of 2017 were $5.1 billion, up 1 percent over the same period in 2016.

Emerson earnings decline but sales up by 10 percent
Emerson announced third-quarter net sales of $4.0 billion were up 10 percent from $3.7 billion in the same period last year.