December 2018 News
Chicago Fed National Activity Index shows growth
Led by improvements in production-related indicators, the Chicago Fed National Activity Index increased to +0.22 in November from a neutral reading in October.
Weiler names new director of sales - west
Weiler Abrasives announced the promotion of Jennifer Hawkins to director of sales – West.
SureWerx acquires Jackson Safety and Wilson Safety
SureWerx has acquired the Jackson Safety and Wilson Safety brands from Kimberly-Clark Professional, a global supplier of workplace products and solutions.
Motion Industries names new president
Motion Industries announced the promotion of Randall (Randy) P. Breaux to president on Dec. 12, 2018.
Stellana names new marketing coordinator
Stellana US Inc., a global manufacturer of molded polyurethane and rubber wheels and tires, welcomes Kerry Stilling as marketing coordinator.
LKCM Headwater to increase equity in Lawson Products
LKCM Headwater Investments has agreed to acquire the remaining 1.7 million shares of Lawson Products common stock owned by Dr. Ronald Port and James Errant.
Industrial production rose in November
Industrial production rose 0.6 percent in November after moving down 0.2 percent in October.
Horizon Solutions to acquire N.H. Bragg
Horizon Solutions LLC has signed an agreement to purchase New England-based, privately-held N. H. Bragg. The transaction is scheduled to close on Jan. 1, 2019.
Absolute Air to build air separation plant
Absolute Air announced plans to build a merchant air separation plant (ASP) to serve its partners and customers in the upper Midwest area.
Breaux named president of Motion Industries
Genuine Parts Company announced the promotion of Kevin E. Herron to president of the U.S. Automotive Parts Group and Randall P. Breaux to president of Motion Industries.
MSC's Wright resigns
MSC Industrial Supply announced that Dave Wright, senior vice president of sales & customer success, has resigned to pursue another opportunity.
DDS moves into new offices
DDS (Distributor Data Solutions), an e-commerce product content provider serving the wholesale distribution industry, has moved to a new office space in downtown Salt Lake City.
Emerson acquires A.E. Valves
Emerson has acquired Advanced Engineering Valves, a manufacturer of innovative valve technology that helps LNG customers operate more efficiently.
Endries International acquired by MSD Partners
Endries International announced that MSD Partners and Endries management have acquired Endries from Nautic Partners, a middle market private equity firm.
Allied Motion acquires TCI
Allied Motion Technologies Inc. has acquired TCI LLC, a developer and manufacturer of active (electronic) and passive (magnetic) products for $64.1 million.
Weiler appoints abrasive specialists
Weiler Abrasives announced two new positions within the company to serve key metal fabrication industries.
October manufacturing technology orders totaled $467 million
Manufacturing technology orders totaled $467 million in October, capping a three-month total of $1.6 billion since August.
Manufacturing employment rises in November
Manufacturing added 27,000 jobs in November, with increases in chemicals (+6,000) and primary metals (+3,000).
PFERD names successor to Huegin
PFERD INC. announced the appointment of Mariano Presas as president - Americas effective Aug. 31, 2019.
Tech Air acquires Scully Welding Supply
Tech Air has acquired Scully Welding Supply Corporation and Scully Propane Service Corp of Collingdale, Pennsylvania.
HD Supply sales climb 17.7 percent
HD Supply reported net sales of $1.6 billion for the third quarter of fiscal 2018, an increase of 17.7 percent compared to the third quarter of fiscal 2017.
Singer Equities acquires Connectall
Singer Equities Inc. has acquired Connectall Ltd headquartered in Laval, Quebec, Canada.
Manufacturing expanded in November
Manufacturing expanded in November, as the ISM purchasing manager's index registered 59.3 percent, an increase of 1.6 percentage points from the October reading of 57.7 percent.
Permatex names new VP and general manager
Permatex announced several organizational changes in its Automotive Aftermarket (AAM) Group.
October construction spending dips
Construction spending during October was estimated at a seasonally adjusted annual rate of $1,308.8 billion, 0.1 percent below the revised September estimate of $1,310.8 billion