Distribution Industry News
Lincoln Electric Holdings has entered into a definitive agreement with Air Liquide to acquire its Air Liquide Welding subsidiary.
Praxair reported sales in the first quarter were $2.72 billion, 9% above the prior-year quarter.
FCX Performance, a Columbus, Ohio-based distributor of specialty process flow control products and services, announced changes to its executive leadership team.
Applied Industrial Technologies reported net sales for its fiscal 2017 third quarter were $679.3 million, an increase of 7.3% compared with $633.2 million in the same quarter a year ago.
WESCO International reported net sales of $1.77 billion for the first quarter of 2017, compared to $1.78 billion for the first quarter of 2016, a decrease of 0.2%.
Essendant reported that net sales decreased 6.1% to $1.3 billion for the first quarter.
Ingersoll-Rand plc reported first-quarter sales of $3.0 billion increased 4 percent from $2.8 billion in the same period last year.
Rockwell Automation reported fiscal 2017 second quarter sales of $1.5 billion, up 7.9 percent from $1.4 billion in the second quarter of fiscal 2016.
The Timken Company reported first-quarter 2017 sales of $703.8 million, up 2.9 percent from the same period a year ago.
Kennametal Inc. reported fiscal 2017 third quarter sales were $529 million, compared with $498 million in the same quarter last year.
Mutual Industries announced the acquisition of Harris Industries, a manufacturer of safety identification products.
Rhodius USA, the North American subsidiary of German industrial group Rhodius, has acquired the Rhodius-branded business of former exclusive importer Sundisc Abrasives.
3M reported first quarter sales of $2.7 billion, up 4.2 percent in U.S. dollars.
Illinois Tool Works Inc. reported first-quarter revenue grew 6.0% to $3.5 billion.
Sandvik reported revenues of SEK 21.76 billion ($2.47 billion) for the first quarter, a 10.5 percent gain from SEK 19.7 billion ($2.24 billion) in the same period last year.
Led by slower growth in employment-related indicators, the Chicago Fed National Activity Index moved down to +0.08 in March from +0.27 in February.
A jury this week was unanimous in its finding that NAPA Auto Parts and Genuine Parts Corp. were liable in the asbestos-related death of a heavy equipment operator and awarded his survivors $81.5 million.
Snap-on Incorporated said its first quarter net sales of $887.1 million increased 6.3% from 2016 levels.
The Sherwin-Williams Company reported that consolidated net sales for the first quarter increased 7.3% to $2.76 billion compared to the same period last year.
Purvis Industries has acquired the Kinder Morgan Engineering and Conveying division of Kinder Morgan Inc.
IBC announced the addition of Georgia Tool & Abrasives to its family of independent distributors and preferred suppliers.
PathGuide Technologies announced enhanced features for its flagship product, Latitude, including customer-specific packing slips and bulk order management.
Sales at Motion Industries for the first quarter were $1.23 billion, a 7 percent increase from $1.15 billion in the same period last year.
Industrial production rose 0.5 percent in March following a 0.1 percent February increase.
Grainger reported first quarter sales of $2.54 billion increased 1 percent versus $2.50 billion in the first quarter of 2016.
Over 930 NAHAD members from around the world recently convened at the JW Marriott Hill Country in San Antonio, Texas, for the association’s 33rd Annual Convention.
A recent survey of 16-24 year olds found a 6.7 percent increase in their awareness of industrial distribution as a career field.
The April ISA Economic Indicator Report (EIR) from the Industrial Supply Association showed that manufacturers experienced growth in March while distributor performance remained unchanged from February.
IWDC member companies set a record in March by exceeding $19 million in total spend through the co-op in the month, topping their prior record by over $800,000.
Techniks Industries, a provider of tooling solutions for the metalworking and woodworking industries, announced the acquisition of the tooling division of Parlec Inc.
Three employees for Würth Industry North America (WINA) will take on new roles and positions to oversee projected top line growth and expansion.
Justrite Manufacturing has acquired Sall SRL, an Italy-based manufacturer of environmental protection, material handling and workplace safety solutions.
AgoNow LLC, a master industrial wholesaler and channel solutions provider based in Tulsa, has launched its new website at agonow.com.
February U.S. cutting tool consumption totaled $174.98 million, up 1.1% from January’s $173.05 million and up 0.6% when compared with the total of $173.88 million reported for February 2016.
Fastenal reported sales increased 6.2 percent to $1.0 billion in the first quarter.
Master industrial wholesaler and channel solutions provider AgoNow LLC has joined AFFLINK as a preferred supplier.
Hyde Industrial Blade Solutions (IBS) announced that Jeremy Dexter has been hired in a newly created position of director of product development engineering.
Industrial Supply Company announced that it has received ISO AS9120 certification, a prestigious quality management systems standard applicable to organizations that resell, distribute, and warehouse aerospace components.
Allied Machine & Engineering announced the opening of a new engineering training department to provide hands on education programs for new employees, end users and distributors from around the world.
U.S. manufacturing technology orders increased more than expected in February, up 19.6 percent from January, and up 1.7 percent year over year.
United Central Industrial Supply and GHX Industrial, wholly-owned subsidiaries of The United Distribution Group, announced that three GHX branches will begin operating as branches of United Central.
Manufacturing and construction showed small jobs gains in March, as the unemployment rate declined to 4.5 percent.
The Timken Company has acquired Torsion Control Products Inc., a manufacturer of engineered torsional couplings used in the construction, agriculture and mining industries.
Winsupply Inc. has purchased Electrical Sales Inc., Vista, Calif., a distributor of electrical materials serving Southern California.
MSC Industrial Supply reported sales for its fiscal second quarter were $703.8 million, an increase of 2.9% year-over-year.
Genuine Parts Company announced the acquisition of Empire Wire and Supply based in Rochester Hills, Michigan.
BlackHawk Industrial announced the recent hire of John Mark to the position of chief operating officer.
Weiler Abrasives Group has appointed Bill Dwyre as managing director of the newly formed Americas business.
Economic activity in the manufacturing sector expanded in March but at a slower pace than in February, according to the latest Manufacturing ISM Report On Business.