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December 2015 News


Weiler Corporation acquires SWATYCOMET

Weiler Corporation announced the acquisition of SWATYCOMET, a European manufacturer of bonded abrasives.

CPI Tooling joins IBC

IBC announced the addition of CPI Tooling of Aiken, S.C., as its newest distributor member.

Allied Motion to acquire Heidrive

Allied Motion Technologies Inc. has signed an agreement to acquire 100% of the stock of Heidrive GmbH, a Germany-based manufacturer of motion control systems.

U.S. GDP up 2% for quarter

Real gross domestic product increased at an annual rate of 2.0 percent in the third quarter of 2015, according to the Bureau of Economic Analysis.

ISA members see slowing growth

The December ISA Economic Indicator Report (EIR) from the Industrial Supply Association showed slower growth for Distributors and Manufacturers during the month of November.

Chicago Fed National Activity Index Slowed in November

Led by declines in production-related indicators, the Chicago Fed National Activity Index moved down to –0.30 in November from –0.17 in October.

Helbling joins Airmaster Fan

Airmaster Fan Company announced that Greg Helbling became its new director of sales and marketing of its Industrial and Electrical Divisions, effect Dec. 1.

Nilfisk acquires Pressure-Pro

Nilfisk Group has acquired Pressure-Pro Inc., a manufacturer of high-pressure cleaners headquartered in Fort Pierce, Fla.

DistributionNOW acquires Updike Supply

DistributionNOW announced the acquisition of Updike Supply Company, a provider of MRO products and inventory management solution services headquartered in Dayton, Ohio.

Actuant sales fall by 7%

Actuant Corporation reported that consolidated sales for the first quarter of fiscal 2016 were $305 million, 7% lower than the $328 million in the comparable prior year quarter.

IBC adds distributor, supplier

IBC announced the addition of Norchuk Supply Company as its newest distributor member.

Industrial production declined 0.6 in November

Industrial production declined 0.6 percent in November after decreasing 0.4 percent in October.

Atlas Copco acquires Milwaukee area company

Atlas Copco has acquired Air Supply Systems Inc., which distributes and services compressors and accessories.

DPA Buying Group welcomes new members

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

Dorner acquires conveyor manufacturer

Dorner Holding Corp., the parent company of Dorner Mfg., has announced the acquisition of Penang, Malaysia-based FlexMove, a manufacturer of flexible chain conveyors for food, beverage, automotive, electronic and other industries.

Employment gains should lead to growth in 2016

Flat manufacturing production in the fourth quarter of 2015 should give way to 3.3% growth in the first half of 2016, in part because of expected job gains.

Manufacturing technology orders down in October

The latest U.S. Manufacturing Technology Orders (USMTO) report showed that orders for
manufacturing technology in October 2015 were down 0.3% from September and year to date were down 17.4%.

Grainger sales down 2% in November

Grainger reported daily sales for the month of November declined 2 percent compared to November of 2014.

Cutting tool consumption falls

October U.S. cutting tool consumption of $177.2 million was up 3.4% from September’s total, but down 15.4% from October 2014 and down 3.4% when compared year-to-date in 2014.

Graybar expands two branches

Graybar announced moves to larger locations in South Bend, Ind., and Tampa, Fla.

Columbus McKinnon celebrates 140th anniversary

Columbus McKinnon Corporation is celebrating its 140th anniversary as a designer, manufacturer and marketer of material handling products, systems and services.

HD Supply sales up 5.1% for 3Q

HD Supply Holdings reported net sales of $2.0 billion for the third quarter of fiscal 2015, an increase of 5.1 percent compared to the third quarter of fiscal 2014.

STAFDA's Foley elected to NAM council

STAFDA Executive Director, Georgia Foley, has been elected to the Board of Directors for the Council of Manufacturing Associations (CMA) of the National Association of Manufacturers (NAM).

Industrial Tooling & Supply opens new branch

Industrial Tooling & Supply Inc. (I.T.S), a distributor of cutting tools, abrasives and MRO products, has opened a new branch location in Daphne, Ala.

Flexovit USA to rebuild NY manufacturing facility

Industrial abrasives manufacturer Flexovit USA Inc. announced that rebuilding of its manufacturing and warehouse facilities will begin in mid-December at its Angola, N.Y., location.

Fastenal November sales up 4.1%

Fastenal reported sales of $298.2 million for November, a 4.1 percent increase from $286.3 million in November 2014.

Construction job gains in Nov.; manufacturing employment flat

Big gains in construction employment helped spur job growth in November, the U.S. Bureau of Labor Statistics reported today.

Danaher spin-off to be called Fortive

Danaher Corporation announced the name of the new diversified industrial growth company expected to launch in 2016 will be called Fortive Corporation.

Manufactured goods orders up in October

New orders for manufactured goods increased 1.5 percent in October to $473.9 billion, following two consecutive monthly decreases.

Motion Industries to acquire Moss Rubber and Equipment

Motion Industries Inc. has agreed to acquire Moss Rubber and Equipment Corporation, a distributor of industrial rubber products with two locations in California.

I.S.K. Industries names new president

I.S.K. Industries Inc. has named Denise Pircher as president effective Jan. 1, 2016.

DPA Buying Group names award winners

The DPA Buying Group announced its 2015 Industrial Distributor and Supplier of the Year recipients and its 2015 Industrial Excellence Award winner.

Manufacturing productivity on the rise

Manufacturing sector labor productivity increased 5.1 percent in the third quarter of 2015, the U.S. Bureau of Labor Statistics reported today.

DEWALT opens new Indiana power tool plant

DEWALT celebrated the grand opening of power tool manufacturing at its facility in Greenfield, Ind.

Klinger IGI Inc. formed

Klinger Holding GmbH in Austria announced the formation of Klinger IGI Inc. as an addition to the group’s industrial gasketing presence in the United States.

Manufacturing contracted in November

Economic activity in the manufacturing sector contracted in November for the first time in 36 months.

Fabricators & Manufacturers Assn. to move headquarters

The Fabricators & Manufacturers Association, International (FMA) announced today plans to move its headquarters office and operations from Rockford, Ill., to Elgin, Ill.

Brady Industries names NM sales manager

Brady Industries, a full-line janitorial supply, equipment and food service distributor, announced the appointment of Keoki Bezilla to the newly created position of sales manager – New Mexico.

PTDA offers white paper on rich attribute data

The Power Transmission Distributors Association (PTDA) has released “Millions at Stake–Do You Have a Strategy Around Rich Attribute Data?” white paper and “Digital Asset Best Practice Guideline.”

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