February 2017 News
Osborn named product marketing manager
Osborn announced Scott Scheider as product marketing manager for its Load Runners division of standard and custom idler rollers.
U.S. GDP grows 1.9 percent in Q4 2016
Real gross domestic product increased at an annual rate of 1.9 percent in the fourth quarter of 2016, according to the "second" estimate released by the Bureau of Economic Analysis.
Essendant sales fall 3.3 percent in fourth quarter
Essendant reported net sales of $1.25 billion for the fourth quarter, down 3.3 percent from $1.3 billion in the same period last year.
Grainger introduces Knowledge Center
Grainger introduced the Knowledge Center by Grainger, an online resource center designed to provide insights and information to customers who are looking for ways to save time and money, while increasing productivity.
F.W. Webb names award winner
F.W. Webb account manager Patrick Zrioka of the F.W. Webb Process Controls Division is the 2016 recipient of the coveted Lothar Kartanos Memorial Industrial Sales Award.
McCarty Equipment opens San Antonio branch
McCarty Equipment Co. Ltd., a subsidiary of GHX Industrial which is a wholly owned subsidiary of The United Distribution Group, announced the recent opening of a new location in San Antonio, Texas.
GHX Industrial names new VP of operations
GHX Industrial, a wholly owned subsidiary of The United Distribution Group, has promoted Brad Hoffman to the position of vice president of operations.
Chicago Fed National Activity Index declined in January
The Chicago Fed National Activity Index decreased to –0.05 in January from +0.18 in December.
Knipex names automotive sales manager
Knipex Tools LP announced Matt Laga as automotive sales manager.
ICP coordinated nearly 40 career events in 2016
Industrial Careers Pathway assisted dozens of volunteer “ICP Ambassadors” to participate in 39 career events across North America in 2016.
Power/mation co-founder to receive award
Don Craighead, co-founder of Power/mation, will be the first recipient of The Robotics Alley Lifetime Achievement Award for his impact on the robotics industry.
HD Supply Waterworks names new COO
HD Supply Waterworks announced the appointment of Brad Cowles as its chief operating officer.
PIP adds to sales team
Protective Industrial Products announced two additions to its sales team.
SunSource names new CEO
SunSource, a value-added fluid power distribution company, announced that Justin Jacobi will transition from his role as chief executive officer to become the company’s executive chairman.
Hyde IBS receives ISO certification
Hyde Industrial Blade Solutions, a producer of industrial blades and knives, recently received ISO 9001:2015 standards certification by the International Organization for Standardization.
AD event focused on eCommerce
More than 230 eCommerce leaders within 140 member organizations attended marketing/buying group AD's first annual multi-divisional eCommerce Summit in Dallas recently.
Motion Industries sales up 4 percent
Sales increased by 4 percent for Motion Industries in the fourth quarter to $1.15 billion, compared to $1.10 billion in the same period last year.
Nook Industries names COO
Nook Industries, a manufacturer of linear motion components and systems, named Jim Rowell as its new chief operations officer.
ISA members show growth in January
The February ISA Economic Indicator Report (EIR) from the Industrial Supply Association showed that manufacturers and distributors started the year off strong, with both indices rising in January.
AgoNow names VP of sales
AgoNow LLC announced that Dennis Brown has joined the team as vice president of sales.
Motor City Industrial acquires EMCO
Motor City Industrial announced the acquisition of EMCO Inc., a Charlotte, North Carolina-based industrial distribution and service business.
Winsupply opens California location
Winsupply Inc. has opened a Winsupply fire and fabrication location in Lake Elsinore, Calif., serving fire sprinkler system contractors throughout Southern California.
PT/MC distributor sales declined
The third quarter Sales History & Outlook Report released by the Power Transmission Distributors Association shows power transmission/motion control distributor sales have declined 1.9 percent from one year ago.
AJ Adhesives and Mid-America Packaging celebrate anniversaries
AJ Adhesives, a national industrial adhesives distributor, and sister company, Mid-America Packaging, a national equipment distributor, are celebrating milestone anniversaries in 2017.
PTDA index slowed in fourth quarter
The PTDA Business Index for the fourth quarter of 2016 indicates continued slowing with a reading of 48.3, a noticeable rise from the 46.9 reading in the third quarter but still below the January 2016 PMI Index of 56.0.
Stellar recognizes Master Chemical and Sandvik
Stellar Industrial Supply recently named the winners of its 2016 Supplier of the Year Award and its Documented Cost Savings Supplier of the Year.
Industrial production decreased 0.3 percent in January
Industrial production decreased 0.3 percent in January following a 0.6 percent increase in December.
Triad Technologies names regional sales manager
Triad Technologies welcomed Jeff Knaus as the company’s regional sales manager for the Southern Ohio region.
Shurtape acquires Syntac Coated Products
Shurtape Technologies announced the acquisition of Syntac Coated Products, a designer and manufacturer of specialty adhesive coated products.
2016 manufacturing technology orders down 4.0 percent
Despite rising 20.6 percent in December, manufacturing technology orders finished 2016 down 4.0 percent compared to 2015.
FCX Performance acquires Renew Valve
FCX Performance has acquired Renew Valve and its Cleveland Valve & Gauge division.
GHX Industrial names new VP of sales
GHX Industrial has promoted Jeff Davis to the position of vice president of sales.
Walter names business development director
Walter announced the appointment of Thomas Benjamin as director of business development for North America.
Cutting tool consumption climbed in December
December U.S. cutting tool consumption of $176.04 million was up 4.4% from November and 12.5% higher than December 2015.
Allied Machine acquires Superion
Allied Machine & Engineering, a manufacturer of holemaking and finishing tooling systems, has purchased Superion Inc. of Xenia, Ohio.
NetPlus Alliance promotes Brado
NetPlus Alliance, a buying group with more than 375 industrial and contractor supplies distributor members, has promoted Zach Brado to the position of business development director, effective immediately.
Construction employment up in January
Employment in construction rose by 36,000 in January, following little change in December.
Singer Equities acquires Rubber Supply Co.
Singer Equities announced its acquisition of Rubber Supply Co. in Morrisville, Pennsylvania.
AD member sales climb 9 percent
AD reported sales for all AD members across its seven divisions grew by 9% in 2016.
Productivity increased in Q4
Nonfarm business sector labor productivity increased at a 1.3-percent annual rate during the fourth quarter of 2016.
Manufacturing expanded in January
Economic activity in the manufacturing sector expanded in January, according to the latest Manufacturing ISM Report On Business.