Distribution Industry News
Grainger introduced the Knowledge Center by Grainger, an online resource center designed to provide insights and information to customers who are looking for ways to save time and money, while increasing productivity.
F.W. Webb account manager Patrick Zrioka of the F.W. Webb Process Controls Division is the 2016 recipient of the coveted Lothar Kartanos Memorial Industrial Sales Award.
Saint-Gobain reported sales of €39 billion ($41 billion) in 2016, a 1.3 percent decrease from €39.6 billion in 2015.
McCarty Equipment Co. Ltd., a subsidiary of GHX Industrial which is a wholly owned subsidiary of The United Distribution Group, announced the recent opening of a new location in San Antonio, Texas.
GHX Industrial, a wholly owned subsidiary of The United Distribution Group, has promoted Brad Hoffman to the position of vice president of operations.
The Chicago Fed National Activity Index decreased to –0.05 in January from +0.18 in December.
Lawson Products reported sales in the fourth quarter of 2016 increased 3.6% to $67.3 million from $65.0 million a year ago.
ABB announced that its South Korean subsidiary may have been the victim of an embezzlement scheme.
Knipex Tools LP announced Matt Laga as automotive sales manager.
Industrial Careers Pathway assisted dozens of volunteer “ICP Ambassadors” to participate in 39 career events across North America in 2016.
Don Craighead, co-founder of Power/mation, will be the first recipient of The Robotics Alley Lifetime Achievement Award for his impact on the robotics industry.
HD Supply Waterworks announced the appointment of Brad Cowles as its chief operating officer.
Protective Industrial Products announced two additions to its sales team.
SunSource, a value-added fluid power distribution company, announced that Justin Jacobi will transition from his role as chief executive officer to become the company’s executive chairman.
Hyde Industrial Blade Solutions, a producer of industrial blades and knives, recently received ISO 9001:2015 standards certification by the International Organization for Standardization.
More than 230 eCommerce leaders within 140 member organizations attended marketing/buying group AD's first annual multi-divisional eCommerce Summit in Dallas recently.
Sales increased by 4 percent for Motion Industries in the fourth quarter to $1.15 billion, compared to $1.10 billion in the same period last year.
Nook Industries, a manufacturer of linear motion components and systems, named Jim Rowell as its new chief operations officer.
The February ISA Economic Indicator Report (EIR) from the Industrial Supply Association showed that manufacturers and distributors started the year off strong, with both indices rising in January.
AgoNow LLC announced that Dennis Brown has joined the team as vice president of sales.
NOW Inc. reported fourth quarter revenues of $538 million, down 16.5 percent from $644 million in the same period last year.
MRC Global reported sales of $719 million for the fourth quarter of 2016, 26% lower than the fourth quarter of 2015 and 9% lower than the third quarter of 2016.
Motor City Industrial announced the acquisition of EMCO Inc., a Charlotte, North Carolina-based industrial distribution and service business.
Winsupply Inc. has opened a Winsupply fire and fabrication location in Lake Elsinore, Calif., serving fire sprinkler system contractors throughout Southern California.
The third quarter Sales History & Outlook Report released by the Power Transmission Distributors Association shows power transmission/motion control distributor sales have declined 1.9 percent from one year ago.
HBD Thermoid, a manufacturer of industrial rubber products, announced the launch of its new website, accessible via www.thermoid.com.
AJ Adhesives, a national industrial adhesives distributor, and sister company, Mid-America Packaging, a national equipment distributor, are celebrating milestone anniversaries in 2017.
The PTDA Business Index for the fourth quarter of 2016 indicates continued slowing with a reading of 48.3, a noticeable rise from the 46.9 reading in the third quarter but still below the January 2016 PMI Index of 56.0.
Stellar Industrial Supply recently named the winners of its 2016 Supplier of the Year Award and its Documented Cost Savings Supplier of the Year.
Industrial production decreased 0.3 percent in January following a 0.6 percent increase in December.
Triad Technologies welcomed Jeff Knaus as the company’s regional sales manager for the Southern Ohio region.
Shurtape Technologies announced the acquisition of Syntac Coated Products, a designer and manufacturer of specialty adhesive coated products.
Despite rising 20.6 percent in December, manufacturing technology orders finished 2016 down 4.0 percent compared to 2015.
FCX Performance has acquired Renew Valve and its Cleveland Valve & Gauge division.
GHX Industrial has promoted Jeff Davis to the position of vice president of sales.
Weakness across most end markets and unfavorable currency resulted in a sales decline of 8.3 percent in the fourth quarter for Timken.
Walter announced the appointment of Thomas Benjamin as director of business development for North America.
December U.S. cutting tool consumption of $176.04 million was up 4.4% from November and 12.5% higher than December 2015.
RBC Bearings said its net sales for the third quarter of fiscal 2017 were $146.7 million, an increase of 1.7% from $144.2 million in the third quarter of fiscal 2016.
Allied Machine & Engineering, a manufacturer of holemaking and finishing tooling systems, has purchased Superion Inc. of Xenia, Ohio.
NetPlus Alliance, a buying group with more than 375 industrial and contractor supplies distributor members, has promoted Zach Brado to the position of business development director, effective immediately.
Newell Brands reported net sales growth of 165.0 percent to $4.14 billion and core sales growth of 2.5 percent in the fourth quarter of 2016.
Sales in January jumped 9 percent to $336 million for Fastenal, compared to $308 million last year.
Employment in construction rose by 36,000 in January, following little change in December.
Singer Equities announced its acquisition of Rubber Supply Co. in Morrisville, Pennsylvania.
AD reported sales for all AD members across its seven divisions grew by 9% in 2016.
SKF reported sales of SEK 18.8 billion ($2.2 billion) in the fourth quarter, a 3.1 percent increase from SEK 18.2 billion ($2.1 billion) in the same period last year.
Snap-on Incorporated reported sales of $889.8 million in the fourth quarter increased $38.1 million, or 4.5%, from 2015 levels.
Nonfarm business sector labor productivity increased at a 1.3-percent annual rate during the fourth quarter of 2016.
Rockwell Automation reported fiscal 2017 first quarter sales of $1.5 billion, up 4.5 percent from $1.42 billion in the first quarter of fiscal 2016.
Kennametal reported sales of $488 million for its fiscal 2017 second quarter, compared with $524 million in the same quarter last year.
Economic activity in the manufacturing sector expanded in January, according to the latest Manufacturing ISM Report On Business.
Construction spending during December fell compared to November but finished the year 4.5 percent abovd 2015, according to the U.S. Census Bureau.