February 2013 News
Kennametal celebrates 75 years
Kennametal Inc. will celebrate its 75th anniversary beginning March 1.
MAPI: Manufacturing production growth expected
A number of positive signs are starting to emerge regarding the U.S. economy, but there remain political and global headwinds that could slow growth, according to a new report.
DXP Enterprises sales up 35.9%
DXP Enterprises said it earned net income of $14.1 million, or 92 cents per fully diluted share, for the 2012 fourth quarter.
Brennan Industries moves Ontario DC
Brennan Industries Inc. has moved into a new distribution facility in Mississauga, Ontario.
Kaman Industrial Technologies sales up 8.6%
Kaman Industrial Technologies reported fourth-quarter sales increased 8.6% to $248.3 million compared to $228.6 million a year ago.
Chicago Fed National Activity Index declines
Led by declines in production-related indicators, the Chicago Fed National Activity Index decreased to -0.32 in January from +0.25 in December.
F.W. Webb to buy Bergen Industrial Supply
F.W. Webb Company plans to acquire Bergen Industrial Supply of Elmwood Park, N.J.
Barnes Distribution 4Q sales down 4%
Barnes Distribution reported fourth quarter 2012 sales of $79.7 million, down 4% compared to the fourth quarter of 2011.
MSC to acquire Barnes Distribution
MSC Industrial Direct has signed a definitive agreement to acquire the North American distribution business of the Barnes Group Inc.
Kaman and Wajax form strategic alliance
Kaman Industrial Technologies has formed a strategic alliance with Canadian industrial distributor Wajax Industrial Components.
Brady Corporation reports 2Q loss
Brady Corporation reported sales for the fiscal 2013 second quarter were up 1.1 percent to $324.2 million compared to $320.6 million in the second quarter of fiscal 2012.
Lawson Products sales decline 6.4%
Lawson Products said its net sales for the fourth quarter of 2012 were $68.2 million, a 6.4% decline compared to $72.9 million for the fourth quarter of 2011.
Saint-Gobain sales up 2.6%
Saint-Gobain reported that its 2012 sales increased by 2.6% to €43.2 billion ($56.9 billion).
Weiler buys Rei Abrasivos
Weiler Corporation has acquired Rei Abrasivos, a Brazilian manufacturer of vitrified and bonded abrasive products for the metalworking and foundry industries.
ITW explores sale of industrial packaging group
Illinois Tool Works Inc. announced that it is initiating a review process to explore strategic alternatives for its Industrial Packaging segment.
Motion Industries 4Q sales up 2%
Motion Industries reported that its fourth-quarter sales increased 2% to $1.05 billion.
DGI Supply to acquire Merwin-Stoltz
DGI Supply, a DoALL Company, agreed to purchase Merwin-Stoltz, headquartered in Menomonee Falls, Wis.
Allied Motion sales fall 8%
Allied Motion Technologies reported 2012 net income of $5.4 million, or 63 cents per diluted share, compared to $5.9 million, or 68 cents, for 2011.
PTDA Index up slightly
The 4Q12 PTDA Business Index produced a reading of 50.7, which represents a very slight increase over last quarter’s reading of 50.3.
Industrial production falls in January
Industrial production edged down 0.1 percent in January after having risen 0.4 percent in December.
United Stationers sales up 3.6 percent
United Stationers Inc. reported net sales for the fourth quarter of 2012 were $1.24 billion, up 3.6% from the prior-year period.
IDC-USA celebrates 25 years
IDC-USA, the distributor-owned purchasing and national marketing cooperative of independent distributors of industrial bearing, power transmission and related products, is celebrating its 25th anniversary.
Grainger January sales up 8 percent
Grainger said its January daily sales increased 8 percent versus January 2012.
Lawson Products upgrades website
Lawson Products launched a newly improved e-commerce website designed to provide customers with more product choices, improved functionality, and other user-friendly features.
Manufacturing technology orders up 2.6% in 2012
December U.S. manufacturing technology orders totaled $499.43 million, down 9.4% from December 2011.
Coxreels celebrates 90 years in business
Coxreels, a third-generation family owned and operated business, announced that it is observing its 90th year in business in 2013.
Snap-on earnings improve
Snap-on Incorporated reported sales of $753.2 million in the fourth quarter increased 2.3% from 2011 levels.
4Q manufacturing productivity up
Manufacturing sector productivity increased 0.5 percent in the fourth quarter of 2012, as output increased 0.7 percent and hours increased 0.1 percent.
RBC Bearings sales up slightly
RBC Bearings said its net sales for the third quarter of fiscal 2013 were $96.3 million, an increase of 1.3% from $95.1 million in the 3Q 2012.
Factory orders up 1.8 percent
New orders for manufactured goods increased 1.8 percent in December to $484.8 billion, the U.S. Census Bureau reported.
Regal Beloit sales and earnings decline
Regal Beloit Corporation reported net sales in the fourth quarter were $715.6 million, a 1.6% decline compared to $727.0 million for 4Q 2011.
Fastenal January sales up 11.7 percent
Fastenal reported sales in January of $274.9 million, an 11.7% increase compared to $245.9 million in January 2012.
Harrington Hoists expansion planned
Harrington Hoists recently leased 97,000 square feet of commercial property in an industrial park in Elizabethtown, Pa.
Eaton sales up 7%
Eaton Corporation announced sales in the fourth quarter were $4.3 billion, 7 percent higher than the same period in 2011.
WinWholesale buys majority interest in Carr Supply
WinWholesale Inc. has obtained a majority interest in a new partnership with Carr Supply and Carr Supply of Michigan.
Production Tool Supply acquires NNT Corp.
Production Tool Supply has acquired NNT Corporation of Itasca, Ill., a family-owned industrial distributor that has served the metropolitan Chicago area for more than 50 years.
Motion and Flow Control buys Hydraulic Energy Products
Motion and Flow Control Products, a distributor of fluid connectors, fluid power equipment, instrumentation products and seals, acquired Hydraulic Energy Products Inc.
ISM: Manufacturing expanded in January
Manufacturing expanded in January for the second consecutive month, according to the latest report from the Institute for Supply Management.
Manufacturing, construction job gains
January construction employment increased by 28,000, the U.S. Bureau of Labor Statistics reported today, while manufacturers added 4,000 jobs.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
