June 2016 News
Graybar has entered into an agreement to acquire Cape Electrical Supply of Cape Girardeau, Missouri.
According to a report in the Wall Street Journal, Apax Partners is again considering the sale of software provider Epicor.
Melina Beluche has been appointed regional manager covering Northern Mexico for Dorner Mfg. Corp.
Motion Industries announced that its Service Center in Pensacola, Florida, recently achieved Timken Bearing Certified Shop "Platinum" Level for 2016.
F.W. Webb Company announced the acquisition of Lincoln Supply, located in Trenton, New Jersey.
H.B. Fuller Company reported net income for the second quarter of 2016 of $33.3 million, or 65 cents per diluted share.
The Chicago Fed National Activity Index was −0.51 in May, down from +0.05 in April.
PIP announced the addition of David Wilkes as regional sales manager.
Actuant Corporation reported third quarter sales of $305 million were 5% below the $320 million in the same quarter last year.
The Industrial Supply Association (ISA) announced today that Jeffrey Hughes has resigned as ISA's president and CEO, effective immediately.
The Lincoln Electric Company announced the promotion of Michele R. Kuhrt to executive vice president and chief information officer, effective July 1, 2016.
Tompkins Industries, a supplier of hydraulic adapters and fluid power products, has agreed to distribute Continental hydraulic products.
Cliff Cheatwood, retired chairman of Arkansas Mill Supply, passed away on Tuesday, June 14. He was 72.
HD Supply began development on its new dedicated facility in Atlanta with a groundbreaking ceremony on Monday, June 13.
nexAir, a distributor of atmospheric gases and welding supplies, announced plans to relocate its headquarters to an historic location in Memphis.
Airgas announced that it recently acquired Monroe Welding Supply Inc. and Clark Industrial Supply Inc., both effective June 1.
The June ISA Economic Indicator Report (EIR) from the Industrial Supply Association showed that growth accelerated for manufacturers and distributors in May.
The FPDA-ISD Joint Annual Summit is scheduled for Sept. 18-21 at the Westin Savannah in Savannah, Georgia.
Stellar Industrial Supply Inc. of Tacoma, Washington, announced that Larry Davis, Stellar’s executive vice president – chief commercial officer, will depart the company June 30 to pursue other business and personal interests.
Dayton, Ohio-based Ritz Safety LLC announced the acquisition of Slate Rock Safety in Medina, Ohio.
Industrial production decreased 0.4 percent in May after increasing 0.6 percent in April, the Fed reported today.
Applied Industrial Technologies has acquired Seals Unlimited, a distributor of sealing, fastener and hose products, located in Burlington, Ontario.
Michael Goodall has been appointed a regional sales manager covering the area of Northern Ohio and Michigan for Dorner Mfg. Corp.
ABB has appointed Doug Schuster global leader of Thomas & Betts, the installation products business it acquired in May 2012.
Brady Industries, a full-line janitorial supply, equipment and foodservice distributor, announced the appointment of Clayton Sevy as sales manager for Utah.
SureWerx (formerly JET Group), a supplier of professional tools, equipment and safety products, announced the acquisition of KP Industries, a U.S. brand of knee and elbow protection based in Old Mission, Michigan.
SKF announced the consolidation of its manufacturing facilities in North America, including the closure of its sites in San Diego, California and Baltimore, Maryland.
Manufacturing technology orders for April 2016 were down 27.5% from the same month a year ago.
Grainger reported daily sales increased 1 percent in May of 2016 versus May of 2015.
April U.S. cutting tool consumption totaled $173.64 million, down 5.7% from March’s $184.08 million and down 15.0% compared with $204.34 million reported for April 2015.
Nonfarm business sector labor productivity decreased at a 0.6-percent annual rate during the first quarter of 2016.
HD Supply Holdings reported net sales of $1.8 billion for the first quarter of fiscal 2016, an
increase of 7.3 percent compared to the first quarter of fiscal 2015.
Two veterans of the oil spill clean up industry have joined forces to collarate on new spill control products.
Lawson Products announced the launch of Aluminum Repair Solutions under its Kent Automotive brand.
H.B. Fuller Company has signed an agreement to purchase Cyberbond, L.L.C., a global provider of industrial adhesives for the electronics, medical, audio equipment, automotive, and structural markets.
Fastenal reported sales in May of $333.7 million, a 6.2 percent increase over $314.3 million in the same month last year.
Two key industries for distributors experienced job losses during May, according to the U.S. Bureau of Labor Statistics.
NOW Inc. announced the closing of its acquisition of Power Service, Inc.
Brennan Industries Inc. has entered into an agreement to acquire Truflow Hydraulic Components Ltd of West Midlands, UK.
Troy Industrial Solutions, headquartered in Watervliet, N.Y., announced its acquisition of Motors and Drives located in Milford, Conn.
The National Association of Wholesaler-Distributors (NAW) and Western International University (West) have partnered to develop the Next Generation Leadership program to support leadership development within the wholesale distribution industry.
Allen Benjamin Inc. announced the appointment of Rick Rath to brand manager.
Hank Baptiste has been appointed Northwest regional sales manager for Dorner Mfg. Corp.
Manufacturing expanded in May as the Institute for Supply Management's monthly index registered 51.3 percent, an increase of 0.5 percentage point from the April reading of 50.8 percent.
Construction spending during April was estimated at a seasonally adjusted annual rate of $1,133.9 billion, 4.5 percent above the April 2015 estimate of $1,085.0 billion.