February 2012 News
MacIntyre retires from PFERD
Long-time PFERD employee Owen MacIntyre retired from the company effective Feb. 29.
Grainger introduces new mobile platform
Grainger announced a new mobile Web site that customers can access to look up information and order products using smart phones and tablet PCs.
Timken to relocate bearings and PT headquarters
The Timken Company announced that it will invest $42 million in Stark County, Ohio, to build a new two-story office complex connected to its existing facility near the Akron-Canton airport.
MAPI Survey points to sustained momentum
A new report points to sustained momentum for the U.S. economy and its manufacturing sector.
Kaman sales up 14%
Kaman Industrial Technologies reported 2011 sales were a record $950.8 million, a 14% increase over 2010.
New Age Industries beats nylon tubing shortage
While many nylon-12 tubing suppliers have been faced with sourcing raw materials during a recent worldwide shortage, NewAge Industries worked diligently with its partners to obtain materials and finished tubing.
Interline Brands sales up 2.8%
Interline Brands reported fourth quarter were $303.0 million, a 2.8% increase compared to sales of $294.8 million in the comparable 2010 period.
Thomas Industrial Network launches new group
Thomas Industrial Network launched an Enterprise Solutions Group to help manufacturers centralize and share detailed product data.
Monster Tool names new rep firms
Monster Tool, a U.S. manufacturer of carbide round tools, has named Durrie Sales, RLE National, and Turpin Sales & Marketing as its manufacturer reps.
Fairmont announces expansion
Fairmont Supply Company opened a new oil and gas service center in West Virginia and relocated a southern Indiana facility.
Condoleezza Rice to keynote STAFDA convention
The Specialty Tools & Fasteners Distributors Association (STAFDA) announced that former U.S. Secretary of State, Condoleezza Rice, will be the keynote speaker at STAFDA’s convention in Orlando.
Smidler promoted to Kaman Corp. role
Steven J. Smidler, president of Kaman Industrial Technologies, has been promoted to the additional position of executive vice president, Kaman Corporation.
PTDA members see continued growth
The PTDA Business Index indicated the fourth quarter of 2011 was the seventh consecutive quarter for business growth among PTDA members, with a reading of 67.3.
Motion Industries reports 19% sales gain
Motion Industries reported 2011 sales of $4.1 billion, compared to $3.5 billion in 2010.
Chicago Fed National Activity Index stays positive
The Chicago Fed National Activity Index decreased to +0.22 in January from +0.54 in December, but remained positive for the second straight month for the first time in a year.
Home Depot sales up 5.9%
The Home Depot reported sales of $16.0 billion for the fourth quarter of fiscal 2011, a 5.9 percent increase from the fourth quarter of fiscal 2010.
Saint Gobain sales climb 5%
Saint Gobain reported profits of 1.2 billion euros ($1.58 billion) in 2011, as sales grew by 5 percent to 42 billion euros ($55.5 billion).
Allied Motion posts record results
Allied Motion Technologies Inc.announced it achieved record revenues and net income for 2011.
Barnes Group sales up 9.7 percent
Barnes Group Inc. reported fourth quarter 2011 sales totaled $283.3 million, up 9.7% from $258.2 million in the fourth quarter of 2010.
Brady Corp. sales fall 2.6 percent
Brady Corporation said its sales for the fiscal 2012 second quarter were down 2.6 percent to $320.6 million compared to $329.0 million in the second quarter of fiscal 2011.
January industrial production unchanged
Industrial production was unchanged in January, as a gain of 0.7 percent in manufacturing was offset by declines in mining and utilities.
United Stationers sales up slightly
United Stationers Inc. reported fourth-quarter net sales increased 1.3% from the prior-year period to $1.2 billion.
MSCO acquires Ziegler Tools
MSCO Inc., has agreed to acquire the assets of Ziegler Tools Inc., with headquarters in Atlanta.
SKF acquires General Bearing Corp.
Sweden-based SKF announced the acquisition of General Bearing Corporation headquartered in West Nyack, N.Y.
December manufacturing technology orders up
December U.S. manufacturing technology orders totaled $519.98 million, up 12.2% from November.
Grainger January sales up 17%
Grainger reported sales for January increased 17 percent versus January 2011.
AD ISD sales up 19% in 2011
Affiliated Distributors (AD) released its Industrial Supply Division’s year-end results, reporting that U.S. sales grew by 19% to $4.6 billion.
Ingersoll-Rand sales down 5%
Ingersoll-Rand reported that total revenues, excluding the divested Hussmann refrigeration business, increased 1 percent for the fourth quarter of 2011 compared with the 2010 fourth quarter.
RBC Bearings sales up 17%
RBC Bearings reported net sales for the third quarter of fiscal 2012 of $95.1 million, an increase of 17.0% from the third quarter of fiscal 2011.
WinWholesale acquires Midwest Industrial Sales
WinWholesale Inc. has acquired Midwest Industrial Sales in Kansas City, Kan., and has been rebranded Kansas City Winfastener Co.
Sandvik Coromant opens Calif. training center
Sandvik Coromant announced the opening of a new productivity center in Cypress, Calif.
Gilman USA under new ownership
Gilman USA, a provider of mechanical slides and spindles, is now under new ownership.
Manufactured goods orders rise
New orders for manufactured goods increased 1.1 percent to $466.2 billion in December, the U.S. Census Bureau reported.
Regal Beloit acquires Milwaukee Gear
Regal Beloit Corporation has acquired Milwaukee Gear Company, a manufacturer of engineered gearing components.
Manufacturing and construction job gains in January
With gains in manufacturing and construction jobs, the unemployment level inched downward last month.
Productivity increased in Q4
Nonfarm business sector labor productivity increased at a 0.7 percent annual rate during the fourth quarter of 2011, the U.S. Bureau of Labor Statistics reported today.
Sandvik earnings fall
Despite a 9% increase in sales for the fourth quarter, Sandvik AB reported that its earnings fell for the period.
Snap-on sales rise 5.7%
Snap-on reported fourth quarter sales increased 5.7% to $736.6 million.
DXPE acquires Mid-Continent Safety
DXP Enterprises Inc. announced the completion of the acquisition of Mid-Continent Safety LLC, a distributor of safety products in the Midwest.
Manufacturing expansion into 30th month
Manufacturing continued its growth in January, according to the nation's supply executives in the latest Manufacturing ISM Report On Business.
Applied Industrial acquires Quebec distributors
Applied Industrial Technologies has acquired Solutions Industrielles Chicoutimi and Specialites Industrielles Harvey.
