December 2013 News
Inventory Management for Distributors seminar
Jason Bader of The Distribution Team announced an upcoming seminar on inventory management for distributors.
PTDA trustees promote ICP to technical educators
Two PTDA Foundation Trustees recently met with an association of technical educators to promote careers in industrial distribution.
Positive manufacturing reports from two regions
Two regional Federal Reserve Districts issued positive reports for the manufacturing industry to close the year.
WinWholesale acquires Wyatt Irrigation Supply
WinWholesale Inc. has acquired an irrigation supply company in Northern California and opened two fire sprinkler supply locations in the East to extend its reach in those industries.
Minnesota Flexible acquires General Rubber
Minnesota Flexible Corporation announced its acquisition of General Rubber Company of New Berlin, Wis.
November durable goods orders rise
New orders for manufactured durable goods increased 3.5 percent in November to $241.6 billion, according to the U.S. Census Bureau.
Chicago Fed National Activity Index up in November
Led by gains in employment- and production-related indicators, the Chicago Fed National Activity Index increased to +0.60 in November from –0.07 in October.
Southwire to acquire Coleman Cable
Southwire Company and Coleman Cable announced that the companies have entered into a definitive merger agreement under which Southwire will acquire Coleman.
Singer Equities acquires Cumberland Valve
Singer Equities Inc. has acquired Cumberland Valve, headquartered in Bridgeton, N.J.
WESCO acquires LaPrairie
WESCO Distribution's wholly-owned Canadian subsidiary has entered into a definitive agreement to acquire LaPrairie Inc.
MAPI: Manufacturing rebound expected
A rising tide of positive factors bodes well for a rebound in the manufacturing sector, according to the quarterly Manufacturers Alliance for Productivity and Innovation U.S. Industrial Outlook.
Kaman offers fluid power catalog
Kaman Industrial Technologies announced today the introduction of its inaugural Fluid Power Catalog featuring Parker Hannifin products.
Rate of growth slows for ISA members
The monthly Economic Indicator Report (EIR) from the Industrial Supply Association showed that the pace of growth for ISA members slowed compared to last month but the Index has remained in positive territory for 11 straight months.
Rexnord acquires Precision Gear Holdings
Rexnord has acquired Precision Gear Holdings, which includes operating subsidiaries Merit Gear, Antigo, Wis., and Precision Gear,Twinsburg, Ohio.
Manufacturing productivity declines
Manufacturing sector productivity declined 0.1 percent in the third quarter of 2013, as output increased 1.1 percent and hours worked increased 1.2 percent.
WESCO proposes annual board election
WESCO International announced that its board of directors has voted to recommend a management proposal to implement annual elections for all directors.
B&D Industrial creates new division
B&D Industrial merged its Bearings and Drives and Simco Technologies divisions into a new division called B&D Technologies.
Airgas to build air separation unit in Conn.
Airgas announced plans to expand its atmospheric gas production capacity in New England.
Grainger November sales up 5 percent
Grainger reported daily sales results for the month of November increased 5 percent versus November 2012.
October cutting tools consumption down
October U.S. cutting tool consumption totaled $176 million, down 5.8 percent from October 2012.
MAPI: expect moderate growth through 2015
Increases in income and consumption should provide the impetus for moderate U.S. economic and manufacturing growth through 2015, as forecast in a new report.
HD Supply sales rise by 7 percent
HD Supply reported 3Q net sales of $2.3 billion, an increase of 7 percent compared to the third quarter of fiscal 2012.
DXP acquires B27
DXP Enterprises plans to acquire B27 LLC, a Houston-based supplier of pump and integrated flow control solutions.
October manufacturing technology orders down
October U.S. manufacturing technology orders totaled $435.02 million, down 3.2% compared with $449.44 million reported for October 2012.
Manufacturing job gains in November
U.S. factories added 27,000 jobs during the month of November, according to today's jobs report from the U.S. Bureau of Labor Statistics.
Emerson acquires EGS Electrical
Emerson signed an agreement to acquire SPX Corporation’s 44.5 percent minority interest in EGS Electrical Group, giving it 100 percent ownership of the business.
Fastenal sales up 3.1 percent in November
Fastenal said that its November sales climbed 3.1 percent to $261.3 million, compared to $253.5 million in November 2012.
Grainger acquires Safety Solutions
Grainger has acquired Safety Solutions Inc., a Dublin, Ohio-based distributor of safety footwear, supplies and services with a strong focus on the manufacturing sector.
Manufacturing shows strength in November
Manufacturing expanded in November as the Institute for Supply Management index registered 57.3 percent, an increase of 0.9 percentage point compared to October.
Motion Industries makes two acquisitions
Genuine Parts Company announced the acquisitions of Paragon Service & Supply by Motion Industries and Commercial Solutions Inc. by Motion Canada.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
