December 2016 News
Led by declines in production-related indicators, the Chicago Fed National Activity Index decreased to –0.27 in November from –0.05 in October.
Maroon Group LLC has acquired Cadence Chemical, a national distributor of specialty chemicals based in Stamford, Connecticut.
The December ISA Economic Indicator Report (EIR) from the Industrial Supply Association showed that growth slowed for manufacturers and distributors in November after a strong October.
Ohio Transmission Corporation, an industrial equipment service provider and distributor headquartered in Columbus, Ohio, has acquired C&C Industrial Sales and Midway Industrial Supply.
Actuant Corporation reported sales for its fiscal 2017 first quarter were $266 million, 13% lower than the $305 million in the comparable prior year quarter.
Superior Abrasives celebrated its official opening in November with a ribbon cutting ceremony at the company's new location in Vandalia, Ohio.
Linde AG and Praxair Inc. today announced that the companies intend to combine in a merger of equals under a new holding company through an all-stock transaction.
Southwire Company announced the acquisition of Sumner Manufacturing of Houston, a manufacturer of material lifts, jack stands, welding tools, material carts and other tools and equipment for the construction market.
Lawson Products announced the appointment of Rick Pufpaf as chief compliance officer and vice president of compensation and benefits, reporting to general counsel Neil Jenkins.
Tencarva Machinery Company opened a new branch office in El Dorado, Arkansas.
October U.S. cutting tool consumption totaled $168.99 million according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.
Pelican Products has appointed Phil Gyori as group president.
Industrial production declined 0.4 percent in November after edging up 0.1 percent in October.
Grainger reported daily sales were down 3 percent in November of 2016 versus November of 2015.
Motion & Flow Control Products announced the opening of a new location in Williston, North Dakota.
Manufacturing technology orders saw year-over-year gains for the third consecutive month in October 2016.
H.B. Fuller Company announced a restructuring initiative that will eliminate up to 220 positions and generate annual savings of approximately $18 million.
Protective Industrial Products announced the acquisition of Century Glove Inc. of Summerville, Georgia.
Atlas Copco has agreed to acquire hb Kompressoren Druckluft- und Industrietechnik GmbH, a German distributor and service provider of industrial air compressors and related systems.
Columbus McKinnon Corporation has reached an agreement to purchase STAHL CraneSystems, a business of Konecranes Plc.
Plains Bearing, a full line bearing and power transmission distributor in Lubbock, Texas, has rejoined the distributor-owned purchasing and marketing cooperative IDC-USA.
Lift-All Company announced the appointment of Jason Dively as the director of national sales for the manufacturer of slings, tie down assemblies, sling protection and specialty straps.
3M announced that it has entered into an agreement to sell its safety prescription eyewear business to HOYA Vision Care, a global leader in the eyeglass lens industry.
In an announcement sent to its distributors, cutting tools manufacturer Walter announced plans to close its special tools production facility in Waukesha, Wisconsin.
HD Supply said its fiscal third quarter net sales of $2.0 billion increased 3.4 percent compared to the third quarter of fiscal 2015.
Fastenal reported that its sales in November of $316.8 million were up 6.3 percent from $298.1 million in November 2015.
NewAge Industries recently appointed several new members to its board of directors.
Manufacturing employment dipped during the month of November but the construction industry showed good progress in hiring.
Parker Hannifin Corporation has entered into a definitive agreement to acquire CLARCOR, a manufacturer of mobile, industrial and environmental filtration products.
Economic activity in the manufacturing sector expanded in November according to the latest Manufacturing ISM Report On Business.
Construction spending during October was estimated at a seasonally adjusted annual rate of $1.17 trillion, 0.5 percent above the revised September estimate of $1.16 trillion.
The Federal Reserve said that reports from its 12 districts show the economy continued to expand across most regions from early October through mid-November.