September 2016 News
Tech Air announced that it completed the acquisition of Florida-based Liquid Technology Corporation and agreed to acquire the local distribution assets of New Jersey-based JW Goodliffe & Son Inc.
Actuant Corporation reported fourth quarter total sales declined 8% year-over-year to $276 million.
Industrial Tooling & Supply announced the opening of a new branch location in Katy, Texas.
Hydraulic Supply Company, a fluid power distributor of hydraulic, pneumatic, and industrial products, announced plans to open an Eaton Aeroquip Express location in Knoxville, Tennessee.
The DPA Buying Group welcomed 12 new distributor members to its industrial products division.
Radco Industries, a manufacturer of specialty fluids and lubricants for the military, industrial/energy and solar sectors, named Scott Mondi as account manager of military sales.
Shurtape Technologies, a producer of pressure-sensitive tapes based in Hickory, North Carolina, announced the addition of Rob DeVries as senior vice president of sales.
Winsupply Inc. has opened two new companies along the Eastern seaboard: Winsupply of Absecon, in New Jersey, and Winsupply of Rockland, in Maine.
Economic growth slowed in August according to the The Chicago Fed National Activity Index.
H.B. Fuller Company reported net income for the third quarter of $32.7 million, or 64 cents per diluted share, versus net income of $26.8 million, or 52 cents, in last year’s third quarter.
Airmaster, a manufacturer of air circulation and ventilation fan solutions, named Greg W. Helbling as its director of sales and marketing.
Würth Industry North America (WINA) announced it is adding two individuals to its executive team.
Southwire Company announced the acquisition of United Copper Industries of Denton, Texas.
The September ISA Economic Indicator Report (EIR) from the Industrial Supply Association showed that the Manufacturer Index and the Distributor Index both rebounded in August after falling below 50 in July.
Rockford Systems, a provider of machine safeguarding products and services, has hired Carrie Halle as vice president marketing.
Columbus McKinnon Corporation announced that president and CEO Timothy T. Tevens has advised the board of directors that he will retire once his successor is appointed.
KNIPEX Tools LP announced Bill Grimpe as its product marketing specialist and Catherine Smith as its marketing communications coordinator.
Würth Service Supply Inc. announced that Marty Goeree has been named president.
July U.S. cutting tool consumption totaled $146.95 million according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.
ERIKS announced the appointment of Benjamin Mondics as president and CEO of ERIKS North America.
Mechanix Wear announced the appointment of brand manager Michael Hale as the new chief executive officer.
Grainger reported sales for the month of August increased 4 percent compared to August of 2015.
The U.S. Manufacturing Technology Orders report for July 2016 shows that orders dropped 24.8 percent for the month compared to June, according to data from AMT – The Association For Manufacturing Technology.
MSC Industrial Supply launched its “Built to Make You Better” video campaign featuring success stories and testimonials from a variety of MSC customers ranging from small shops to large companies.
Praxair Inc. today confirmed that its preliminary discussions with Linde AG regarding a potential merger have terminated.
IDC-USA welcomed General Industrial, a locally-owned industrial distributor located in Visalia, California, as its newest member.
Trelleborg Sealing Solutions has finalized the acquisition of Anderson Seal LLC, a privately owned seal distributor.
Despite a decrease in sales, Brady Corporation reported that earnings increased for its fiscal fourth quarter.
Tribute Inc. announced the release of it updated online Distribution Management Software Business Value Calculator.
Airmaster, a manufacturer of air circulation and ventilation fan solutions, named Robert Zellhoefer director of HVAC sales.
Specialty flow control distributor FCX Performance has completed the acquisition of RL Stone Inc.
Building products distributor Parksite promoted Jim Coulter to director of supply chain.
HD Supply reported net sales of $2.0 billion for the second quarter of fiscal 2016, an increase of 4.1 percent compared to the second quarter of fiscal 2015.
Manuli Hydraulics announced the acquisition of the majority of shares of India-based PSI Hydraulics.
CONTOUR360º announced that Charles R. Day has joined its management team as vice president sales and marketing.
New orders for manufactured goods increased 1.9 percent to $454.8 billion in July, according to the U.S.Census Bureau.
The first quarter Sales History & Outlook Report (SHOR) released by the Power Transmission Distributors Association shows power transmission/motion control distributor sales are growing at a slower rate.
Employment in the manufacturing sector declined by 14,000 jobs in August, while the construction industry lost 6,000 jobs.
Productivity decreased at a 0.6-percent annual rate during the second quarter of 2016, the U.S. Bureau of Labor Statistics reported today, as output increased 1.1 percent and hours worked increased 1.7 percent.
Construction spending during July 2016 was estimated at a seasonally adjusted annual rate of $1,153.2 billion, nearly the same as the revised June estimate of $1,153.5 billion.
Economic activity in the manufacturing sector contracted in August following five consecutive months of expansion.
SBP Holdings, parent organization for Singer Equities and Bishop Lifting Products, announced that Otis Dufrene has retired as president and CEO of SBP Holdings.