Distribution Industry News
Curt Lansbery, president and CEO of North American Tool Corporation in South Beloit, Illinois, received the 2017 Laurence A. Raymer Headliner Award for distinguished service and achievements in the community.
Atlas Copco has produced its first piece of equipment, an XAS 185 portable air compressor, at its new production facility in Rock Hill, South Carolina.
Kaman Distribution Group announced that David Mayer will become vice president and general manager of the Kaman Fluid Power (KFP) platform effective April 3, 2017.
Stellar Industrial Supply has been named by supplyFORCE as Owner-Member of the Year, ISD Division, 2016.
Premier Building Solutions has promoted DJ Dickinson to director of sales.
Actuant Corporation reported consolidated sales for the second quarter were $259 million, 2% lower than the $263 million in the prior year.
HD Supply Waterworks has relocated its Theodore branch to Mobile and is one of four Waterworks branches in the state.
The March ISA Economic Indicator Report (EIR) from the Industrial Supply Association showed that manufacturers and distributors exhibited slower growth in February compared to January but remain in expansion mode.
Led by improvements in employment-related indicators, the Chicago Fed National Activity Index increased to +0.34 in February from –0.02 in January.
3M has entered into a definitive agreement to acquire Scott Safety from Johnson Controls for $2.0 billion.
After over a decade of providing integrated supply management solutions to clients in metal removal industries, PSMI has introduced a new online catalog MBEMRO (www.mbemrocatalog.com).
Klas Forsström has been appointed new president for Sandvik's business area Sandvik Machining Solutions and member of the Group Executive Management.
HD Supply reported net sales of $7.4 billion for the full-year fiscal 2016, an increase of 4.4 percent compared to fiscal 2015.
Allied Motion Technologies reported fourth quarter revenue rose 8.9% to $55.3 million.
SKF announced changes to its organizational structure and Group Management in an effort to simplify technology development and accelerate customer-driven innovation.
Lawson Products announced the appointment of Matt Brown to senior vice president of sales.
U.S. manufacturing technology orders declined 40.7 percent in January compared to December and 11.4 percent compared to January 2016.
Grainger announced today, during the 2017 #GraingerShow, the addition of a cutting tool reconditioning service to its metalworking solutions.
Stanley Black & Decker announced that it has successfully completed its acquisition of the Tools business of Newell Brands for $1.95 billion in cash.
Employment picked up in the manufacturing and construction industries in February, the U.S. Bureau of Labor Statistics reported today.
January U.S. cutting tool consumption totaled $173.05 million, 8.7% higher than December’s $159.17 million and $159.22 million in January 2016.
Mike Herrick has been appointed as territory manager for Dorner Mfg. Corp., covering Western Pennsylvania, Southern Ohio, Kentucky and West Virginia.
Manufacturing sector labor productivity increased 2.0 percent in the fourth quarter of 2016.
Grainger was named to Fortune's annual list of the World's Most Admired Companies for 2017.
Controx recently added longtime industry veteran Todd Hammer as key account manager, Western U.S.
VARGO, a provider of material-handling system integration, warehouse execution software and equipment solutions for major fulfillment and distribution centers, has hired Juan Sanchez as a project engineer.
Crown Equipment Corporation announced the opening of a new sales and service location in Fort Wayne, Indiana.
Amazon Business (AB) is receiving much publicity as a foe of industrial distributors. But AB is not the foe.
Applied Industrial Technologies has acquired Sentinel Fluid Controls, a distributor of hydraulic and lubrication components, systems and solutions.
HD Supply Waterworks’ Fire Protection division opened a new supply location in Nashville and added a fabrication shop in metro-Seattle.
New orders for manufactured goods increased 1.2 percent in January to $470.2 billion, the U.S. Census Bureau reported today.
Gasco announced that Amy Dodson and Sheila Eicke have been hired as account managers.
Fastenal reported sales of $324.8 million in February, a 1.1 percent gain from $321.3 million in February 2016.
Lincoln Electric Holdings has signed a memorandum of understanding and entered into exclusive negotiations to acquire Air Liquide’s subsidiary, Air Liquide Welding.
Fastenal Company has signed an agreement to acquire assets of industrial and fastener supply distributor Manufacturer's Supply Company (Mansco).
IDC-USA announced the addition of Bob Boyle as executive vice president.
Winsupply Inc. has opened Winwater of Northeast Arkansas, serving waterworks contractors throughout the northeast part of the state.
Jason Industries reported fourth quarter 2016 net sales of $158.8 million, an 8.6 percent decrease from $173.8 million in the same period last year.
Construction spending during January 2017 was estimated at a seasonally adjusted annual rate of $1,180.3 billion, 1.0 percent below the revised December estimate of $1,192.2 billion.
Economic activity in the manufacturing sector expanded in February, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.
Preparations at NewAge Industries are underway to expand and renovate 40,000 square feet of space for more clean room suites, inspection areas and warehousing.