March 2016 News
Winsupply Inc. has opened Washington Winwater, to serve contractors and municipalities with waterworks and utility products.
Motion Industries announced the launch of its new knowledge website, www.Bearings.com.
Pelican Products has appointed John Luna as director of product management – Commercial/Government Markets.
Volunteers for Industrial Careers Pathway, called ICP Ambassadors, have been busy during the first two months of the year attending five separate career events in different parts of the country.
The Industrial Supply Association (ISA) announced that Western Michigan University student Aaron McClendon was chosen to receive the 2016-17 Gary L. Buffington Memorial Scholarship.
WEG S.A. announced the acquisition of Bluffton Motor Works, an electric motor manufacturer with headquarters in Bluffton, Ind.
Powermatic Associates announced the promotion of Frank Nudo to president.
Motion Industries announced the addition of Mark Stoneburner as corporate account vice president – Industry Segments.
NetPlus Alliance posted a 12% increase in purchases in 2015 over 2014.
Applied Industrial Technologies announced the release of its second edition Applied Maintenance Supplies & Solutions Master Product Catalog.
IBC announced the addition of All Industrial Tool Supply of Huntington Beach, Calif., to its family of independent distributors and preferred suppliers.
Melin Tool Company and Haimer GmbH recently signed a U.S. licensing agreement enabling Melin to offer end mills to the U.S. market with the HAIMER Safe-LockSystem.
The IWDC announced that Keith Werkley will join the IWDC as director, Vendor Management & Supply Chain.
Allied Machine & Engineering Corp. has completed the purchase of its European subsidiary Allied Maxcut Engineering Co. Ltd UK, which will now operate as Allied Machine and Engineering (Europe).
The Sherwin-Williams Company and The Valspar Corporation have entered into an agreement for Sherwin-Williams to acquire Valspar for approximately $11.3 billion.
Allied Motion Technologies Inc. announced that Kevin McNicholas has joined the company as vice president of sales.
Led by declines in production-related indicators, the Chicago Fed National Activity Index fell to –0.29 in February from +0.41 in January.
In response to a shift in corporate strategy and product expansion over the last several years, Mercer Abrasives has been renamed Mercer Industries.
The DPA Buying Group welcomed 13 new distributor members to its industrial products division and five new preferred suppliers.
Singer Equities announced the appointment of Pete Haberbosch as a group vice president.
Walter Surface Technologies announced the inauguration of its new 59,000 square foot production and office complex in Küssnacht am Rigi, Switzerland.
Actuant Corporation reported second quarter sales of $263.3 million were 13% below the comparable prior year quarter of $301.0 million.
HD Supply Holdings reported net sales of $7.3 billion for the full-year fiscal 2015, an increase of 6.0 percent compared to fiscal 2014.
The U.S. Manufacturing Technology Orders report (USMTO) for January 2016 showed that order values were down 30 percent from December, according to AMT – The Association For Manufacturing Technology.
Graybar announced that Jeffrey Wanner has been named vice president, sales, effective March 21.
Grainger reported daily sales for the month of February increased 1 percent versus February of 2015.
NN Inc. reported net sales for the fourth quarter of 2015 increased $30.1 million, or 20%, to $183.9 million, compared to $153.8 million for the fourth quarter of 2014.
January U.S. cutting tool consumption totaled $153.14 million, down 2.1% from December’s $156.48 million and down 16.7% compared to $183.91 million reported in January 2015.
Allied Motion Technologies reported revenue for the fourth quarter of 2015 was $50.8 million, a 17.9 percent decrease compared with $61.9 million in the 2014 fourth quarter.
F.W. Webb Company announced that it formed the F.W. Webb Water Works Division after acquiring Water Works Supply Corp. of Malden, Mass., and Londonderry, N.H.
Lawson Products announced the acquisition of Perfect Products Company of Michigan.
Winsupply Inc. has opened five new locations, four in Texas that serve HVAC contractors, and one in Denver that focuses on fire protection systems.
Fastenal reported a 7.7 percent sales gain in February.
The U.S. Bureau of Labor Statistics released a better than expected employment report, as total nonfarm payroll employment increased by 242,000 in February.
Don Kosier is celebrating 50 years of service with The Wooster Brush Company.
Fomo Products Inc. named Dane Malmberg as national account manager.
NetPlus Alliance welcomed new product supplier MP Pumps Inc. to the buying and marketing group for industrial and contractor supplies distributors.
Nonfarm business sector labor productivity decreased at a 2.2-percent annual rate during the fourth quarter of 2015, the U.S. Bureau of Labor Statistics reported today.
Southwire announced the retirement of Jack Carlson, president of North America.
Praxair Inc. has acquired NOxBOX Ltd, a company that specializes in the manufacture of inhaled gas delivery and monitoring instruments for the medical market.
WESCO International Inc. announced that WESCO Distribution Inc. has entered into a definitive agreement to acquire Atlanta Electrical Distributors (AED).
AMES Taping Tools, a provider of automatic taping and finishing tools, supplies and training to the professional drywall finishing industry, announced the grand opening of its newest location in Vancouver, Wash.
Manufacturing contracted in February as the PMI registered 49.5 percent, an increase of 1.3 percentage points from the January reading of 48.2 percent.
NewAge Industries has promoted Stephen McDevitt to the role of inside sales manager.
Kaman Industrial Technologies reported a sales decline of 12.2% during the fouth quarter to $265.7 million.
Actuant Corporation announced that Randal W. Baker has been named president and chief executive officer, effective immediately.
Jason Industries reported a fourth-quarter 2015 net loss of $84.7 million on sales of $173.8 million.