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Distribution Industry News

Fastenal posts 14.8 percent 4Q sales gain

Fastenal Company reported fourth quarter sales of $1.1 billion, a 14.8 percent increase from $948 million in the same period last year.

Moe named Sphere 1 president

Sphere 1 announced that Rob Moe was promoted to president effective Jan. 1, and will assume the CEO position in January 2019.

Motion Industries service centers receive Rexnord certification

Motion Industries announced that three service centers have become certified Rexnord partners in Falk gear drive repair.

Kennametal names business segment presidents

Kennametal announced two changes to its business segment leadership and executive management team.

Manufacturing technology orders grew in November

Orders for manufacturing technology climbed year over year and year to date in November 2017 according to the latest U.S. Manufacturing Technology Orders report from AMT – The Association For Manufacturing Technology.

PFERD names new regional sales manager

PFERD announced the appointment of John Hibbard as the new regional sales manager, West U.S.

Fairmont Supply acquires THB

Fairmont Supply Company has acquired THB Inc. of Salt Lake City, Utah and Boise, Idaho.

Bunzl acquires Revco Industries

Bunzl plc announced the acquisition of two businesses in the U.S. and the UK and the proposed sale of a business in France.

Cutting tool consumption up 9.6 percent in November

November U.S. cutting tool consumption totaled $185.00 million, up 9.6 percent compared with the $168.70 million reported for November 2016.

Atlas Copco to acquire Hy-Performance Fluid Power

Atlas Copco has agreed to acquire Hy-Performance Fluid Power Pty Ltd, an Australian service provider for mining and infrastructure.

MSC posts 12 percent sales gain

MSC Industrial Supply reported net sales of $768.6 million for the first quarter of fiscal 2018, a 12 percent gain from $686.3 million in last year's first quarter.

Applied Industrial Technologies to acquire FCX Performance

Applied Industrial Technologies has reached a definitive agreement to acquire FCX Performance Inc.

Continental invests in Nebraska industrial hose plant

Continental announced a $9.3 million expansion of the rubber mixing operations at its industrial hose plant in Norfolk, Nebraska.

Rexnord to acquire Centa Power Transmission

Rexnord Corporation has agreed to acquire Centa Power Transmission, a manufacturer of premium flexible couplings and drive shafts for industrial, marine, rail and power generation applications.

Graybar names VP of strategic accounts

Graybar announced that Bill Hoyt has been named vice president - strategic accounts, effective Jan. 8.

Motion Industries announces organizational changes

Motion Industries announced three management changes, effective Dec. 11, 2017. 

Manufactured goods orders up 1.3 percent

New orders for manufactured goods increased 1.3 percent in November to $488.1 billion, the U.S. Census Bureau reported.

Nidec names commercial industrial motors business president

Nidec Motor Corporation promoted Chris Wiseman to president of its newly created commercial industrial motors and drives business unit.

Construction and manufacturing spur December jobs gains

Total nonfarm payroll employment increased by 148,000 in December, and the unemployment rate was unchanged at 4.1 percent.

Marco Group acquires JAD Equipment Co.

Marco Group International has completed the acquisition of JAD Equipment Co., an Ohio-based distributor of surface preparation equipment and consumables.

Graybar announces organizational changes

Graybar announced several leadership changes, including the pending retirement of its vice president - treasurer.

HD Supply to acquire A.H. Harris Construction Supplies

HD Supply Holdings has entered into a definitive agreement to purchase A.H. Harris Construction Supplies, a specialty construction distributor serving the northeast and mid-Atlantic regions.

DXP Enterprises acquires Application Specialties

DXP Enterprises acquired Application Specialties Inc., a distributor of cutting tools, abrasives, coolants and machine shop supplies.

Manufacturing expanded in December

Manufacturing expanded in December as the monthly Institute for Supply Management index registered 59.7 percent, an increase of 1.5 percentage points from the November reading of 58.2 percent.

Construction spending up 0.8 percent in November

Construction spending during November 2017 was estimated at a seasonally adjusted annual rate of $1,257.0 billion, 0.8 percent above October.

PRC Industrial acquires ACE Conveyor Services

PRC Industrial Supply, headquartered in Portland Maine, announced its acquisition of ACE Conveyor Services of Belgrade, Maine.

Distribution One creates D1 University

Distribution One has expanded its customer training opportunities into a full curriculum of live on-site workshops and training webinars that comprise the new D1 University.

Turtle & Hughes names new president

Turtle & Hughes Inc. has named Luis Valls, a 16-year veteran of the company, as president, effective immediately.

QC Software names director of project implementation

QC Software, a provider of Warehouse Execution and Control Systems (WES & WCS), announced the appointment of Stephen Howard as director of project implementation.

E-Z Drill VP Stevens retires

E-Z Drill, a manufacturer of concrete drilling and doweling equipment, announced the retirement of Randy Stevens, vice president of sales.

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