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Distribution Industry News

Timken to acquire Groeneveld Group

The Timken Company has agreed to acquire Groeneveld Group, a provider of automatic lubrication solutions used in on- and off-highway applications, for approximately $280 million.

Radians to expand Memphis operations

Radians Inc. recently broke ground on a new addition to its warehouse and offices in Memphis, Tennessee.

NTN names new industrial aftermarket sales VP

NTN announced the promotion of Scott Eiss to vice president of sales, industrial aftermarket.

Fairmont Supply names division VP and GM

Fairmont Supply appointed Brian Saenz as vice president and general manager of the company’s Piping and Equipment division.

F.W. Webb opens two NJ locations

F.W. Webb Company opened a new location in Piscataway, New Jersey, and also acquired Master Wholesale Supply in Vernon, New Jersey.

Chicago Fed Index slows

Led by declines in production-related indicators, the Chicago Fed National Activity Index moved down to –0.26 in May from +0.57 in April.

CONTOUR360 names Day VP and GM

CONTOUR360º announced the promotion of Charlie Day to vice president and general manager.

FPDA and ISD to hold joint Summit

The FPDA Motion and Control Network (FPDA) and the International Sealing Distribution Association (ISD) Joint Industry Summit provides expanded networking opportunities for the leaders of the industries served by these two associations.

Emuge Corp. and Open Mind Technologies partner

Emuge Corp. has established a partnership with Open Mind Technologies AG, a developer of CAM/CAD software solutions.

Expansion continues in May for ISA members

The June ISA Economic Indicator Report (EIR) from the Industrial Supply Association showed that manufacturers and distributors experienced continued economic expansion in May.

Rex-Cut names Costa president

Rex-Cut Abrasives named Bob Costa as the company’s president, succeeding Claude Gelinas, who is planning to retire in late 2018.

Reelcraft to be acquired by Madison Industries

Reelcraft announced that SKF has signed an agreement, subject to regulatory approvals, to divest Reelcraft to Madison Industries.

Tech Air acquires Angelus Welding

Tech Air, a Connecticut-based distributor of industrial, medical, and specialty gases and related equipment and supplies, has completed the acquisition of Angelus Welding Inc.

Dynabrade names vice president of sales

Dynabrade Inc. announced the appointment of Steven D. Briggs as vice president of sales.

Industrial production unchanged in May

Industrial production was unchanged in May following a large increase in April and smaller increases in February and March.

VARGO names engineering project manager

VARGO, a provider of material-handling system integration, warehouse execution software and equipment solutions for major fulfillment and distribution centers, has hired Omar Eissa as an engineering project manager.

Mallory Safety acquires United Fire Health and Safety business

Mallory Safety and Supply has acquired the safety distribution business of United Fire Health and Safety of Portland, Oregon.

NetPlus Alliance announces personnel moves

NetPlus Alliance announced two new additions to its staff and the promotion of one long time employee. 

Distribution One releases Cloud software version

Distribution One announced a new version of its Enterprise Resource Planning (ERP) software suite for wholesalers and distributors: ERP-ONE+ Cloud and On-Premise.

U.S. cutting tool consumption falls in April

April U.S. cutting tool consumption totaled $168.03 million, down 16% from March’s $200.05 million and down 3.6% from $174.26 million reported for April 2016.

UPS report says traditional distribution model faces risks

Asset-light e-marketplaces and other nontraditional shopping channels, combined with shifting demographics, are upending industrial distributors’ inventory-heavy model more rapidly than previously thought.

ITT names Industrial Process president

ITT Inc.appointed David J. Malinas as president of its Industrial Process business, reporting to Luca Savi, ITT's chief operating officer.

Essendant president and CEO resigns

Essendant announced that Richard D. Phillips, group president of Industrial, has been appointed interim president and chief executive officer, effective immediately.

Motion Industries opens new Dallas DC

Motion Industries recently moved into a new distribution center in Grand Prairie, Texas.

MRC Global opens CA regional distribution center

MRC Global has opened a new regional distribution Center in Shafter, California.

RBC Bearings announces leadership moves

RBC Bearings announced internal promotions as part of the company's succession plan for its senior leadership team.

Gardner Denver acquires LeROI Compressors

Gardner Denver Holdings Inc. has acquired LeROI Compressors for approximately $20 million.

Klein Tools acquires General Machine

Klein Tools announced the acquisition of the General Machine Products Company business based in Trevose, Pennsylvania.

KNIPEX names key accounts sales manager

KNIPEX Tools announced Daryl Warren as key accounts sales manager.

Fastenal sales soar 14.9 percent in May

Fastenal reported sales of $383.5 million in May, a 14.9 percent increase from $333.7 million in May 2016.

Manufacturing productivity up 0.5 percent

Manufacturing sector labor productivity increased 0.5 percent in the first quarter of 2017, as output increased 2.6 percent and hours worked increased 2.1 percent.

DPA Buying Group adds members

The DPA Buying Group welcomed 14 new distributor members to its industrial products division.

Grainger launches Gamut.com

Grainger announced the launch of Gamut.com, a new e-commerce capability designed to provide useful information to industrial professionals seeking time-saving solutions for challenging projects.

Small job gains for construction during May

Construction employment increased by 11,000 jobs in May but factory employment fell by 1,000 jobs during the month.

Rockford Systems expands executive sales team

Rockford Systems expanded its executive sales management team by adding new sales leadership for key accounts and realigning its regional sales organization.

Fellin joins Grobet USA

Grobet USA announced that Bart Fellin was named national sales manager, effective June 1.

Construction spending down in April

Construction spending during April was estimated at a seasonally adjusted annual rate of $1,218.5 billion, 1.4 percent below the revised March estimate of $1,235.5 billion.

Manufacturing expands in May

Economic activity in the manufacturing sector expanded in May according to purchasing managers.

Tencarva Machinery opens Mississippi facility

Tencarva Machinery Company has opened a new branch office in Columbus, Mississippi.

Tevens joins Allied Motion board

Allied Motion Technologies Inc. announced the appointment of Timothy T. Tevens to its board of directors, effective immediately.

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