March 2016 News

Winsupply opens Washington Winwater

Winsupply Inc. has opened Washington Winwater, to serve contractors and municipalities with waterworks and utility products.

Motion Industries launches

Motion Industries announced the launch of its new knowledge website,

Pelican Products names director for commercial/government markets

Pelican Products has appointed John Luna as director of product management – Commercial/Government Markets.

ICP Ambassadors spread the word about industrial distribution careers

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.

ISA names Buffington Scholarship winner

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 acquires Bluffton Motor Works

WEG S.A. announced the acquisition of Bluffton Motor Works, an electric motor manufacturer with headquarters in Bluffton, Ind.

Powermatic Associates names new president

Powermatic Associates announced the promotion of Frank Nudo to president.

Motion Industries names new corporate account VP

Motion Industries announced the addition of Mark Stoneburner as corporate account vice president – Industry Segments.

NetPlus Alliance said 2015 sales up 12 percent

NetPlus Alliance posted a 12% increase in purchases in 2015 over 2014.

Applied releases new maintenance catalog

Applied Industrial Technologies announced the release of its second edition Applied Maintenance Supplies & Solutions Master Product Catalog.

All Industrial Tool joins IBC

IBC announced the addition of All Industrial Tool Supply of Huntington Beach, Calif., to its family of independent distributors and preferred suppliers.

Melin Tool and Haimer ink licensing agreement

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.

Werkley joins IWDC

The IWDC announced that Keith Werkley will join the IWDC as director, Vendor Management & Supply Chain.

Allied Machine acquires European subsidiary

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).

Sherwin-Williams to acquire Valspar

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 names new VP of sales

Allied Motion Technologies Inc. announced that Kevin McNicholas has joined the company as vice president of sales.

Chicago Fed National Activity Index down in February

Led by declines in production-related indicators, the Chicago Fed National Activity Index fell to –0.29 in February from +0.41 in January.

Mercer Abrasives becomes Mercer Industries

In response to a shift in corporate strategy and product expansion over the last several years, Mercer Abrasives has been renamed Mercer Industries.

DPA Buying Group adds members

The DPA Buying Group welcomed 13 new distributor members to its industrial products division and five new preferred suppliers.

Singer Equities names group VP

Singer Equities announced the appointment of Pete Haberbosch as a group vice president.

Walter Surface Technologies opens Swiss office

Walter Surface Technologies announced the inauguration of its new 59,000 square foot production and office complex in Küssnacht am Rigi, Switzerland.

Actuant Corporation reports loss

Actuant Corporation reported second quarter sales of $263.3 million were 13% below the comparable prior year quarter of $301.0 million.

HD Supply sales climbed 6 percent in 2015

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.

Manufacturing technology orders down in January

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 names VP of sales

Graybar announced that Jeffrey Wanner has been named vice president, sales, effective March 21.

Grainger sales up 1% in February

Grainger reported daily sales for the month of February increased 1 percent versus February of 2015.

Acquisitions drive NN Inc. sales increase

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 cutting tool consumption down 16.7 percent from last year

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 sales decline by 17.9 percent

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 acquires Water Works Supply

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 acquires Perfect Products Co.

Lawson Products announced the acquisition of Perfect Products Company of Michigan.

Winsupply opens five locations

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 posts February sales gain

Fastenal reported a 7.7 percent sales gain in February.

Construction jobs rose in Feb., but manufacturing jobs fell

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.

Wooster Brush recognizes 50-year employee

Don Kosier is celebrating 50 years of service with The Wooster Brush Company.

Fomo Products names national account manager

Fomo Products Inc. named Dane Malmberg as national account manager.

NetPlus Alliance expands into new product category

NetPlus Alliance welcomed new product supplier MP Pumps Inc. to the buying and marketing group for industrial and contractor supplies distributors.

Productivity decreased in fourth quarter

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 president retires

Southwire announced the retirement of Jack Carlson, president of North America.

Praxair acquires NOxBOX

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 Distribution to acquire Atlanta Electrical Distributors

WESCO International Inc. announced that WESCO Distribution Inc. has entered into a definitive agreement to acquire Atlanta Electrical Distributors (AED).

Ames Taping Tools opens Wash. state location

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

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 names inside sales manager

NewAge Industries has promoted Stephen McDevitt to the role of inside sales manager.

Kaman sales decline 12.2 percent

Kaman Industrial Technologies reported a sales decline of 12.2% during the fouth quarter to $265.7 million. 

Actuant names new CEO

Actuant Corporation announced that Randal W. Baker has been named president and chief executive officer, effective immediately.

Jason Industries reports 4Q loss

Jason Industries reported a fourth-quarter 2015 net loss of $84.7 million on sales of $173.8 million.