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January 2014 News

Airgas 3Q sales up 3 percent

Airgas reported third-quarter sales were $1.24 billion, an increase of 3 percent over the prior year.

Duracell launches campaign with American Red Cross

Duracell Professional, the business-to-business division of Duracell, launched a new campaign today in partnership with the American Red Cross to help businesses prepare for extreme weather and other emergencies.

WESCO International sales jump 14.3 percent

WESCO International announced 2013 Q4 net sales were $1.88 billion, compared to $1.64 billion for the fourth quarter of 2012, an increase of 14.3%.

Applied Industrial sales down 1.3 percent

Applied Industrial Technologies said its second quarter fiscal 2014 sales were $581.9 million, a decrease of 1.3% compared with $589.5 million in the same quarter a year ago.

Timken sales fall by 13 percent

The Timken Company reported sales of $4.3 billion for 2013, a decrease of 13 percent from the prior year.

3M sales up 2.4 percent

3M reported fourth-quarter sales grew 2.4 percent year-on-year to $7.6 billion.

Kennametal sales climb 9 percent

Kennametal Inc. said its fiscal second quarter 2014 sales increased 9 percent to $690 million compared with the same quarter last year.

Rexnord sales up 4 percent

Rexnord Corporation reported that its fiscal 2014 third-quarter net sales increased 4 percent to $489 million.

Pipeline Supply acquires Industrial Air Tool

Pipeline Supply & Service has acquired Industrial Air Tool L.P., a portfolio company of ZS Fund L.P.

Praxair posts 10 percent sales gain

Praxair's fourth quarter sales climbed 10 percent to $3.0 billion, resulting in net income or $474 million, or $1.59 per share.

Rockwell Automation sales up 7 percent

Rockwell Automation reported fiscal 2014 first quarter sales of $1.59 billion, up 7 percent from $1.48 billion in the first quarter of fiscal 2013.

Troy Industrial Solutions buys B&J Electric Motor Repair

Troy Industrial Solutions of Watervliet, N.Y., has acquired B&J Electric Motor Repair of Ansonia, Conn.

IBC names new director of business development

IBC – Industrial Supply Plus named Nancy Tirrell Schwind as the company’s new Director of Business Development for suppliers.

WinWholesale opens Tulsa Winair

WinWholesale Inc. opened Tulsa Winair to provide heating, ventilation and air conditioning equipment and supplies to contractors in a 50-mile radius of the Tulsa, Okla., metropolitan area.

Stanley Black & Decker sales up 9 percent

Stanley Black & Decker reported fiscal fourth quarter 2013 sales were $2.9 billion, up 9% compared to the year before.

Grainger 2013 sales up 5 percent

Grainger reported 2013 sales of $9.4 billion increased 5 percent versus $9.0 billion in 2012.

ISA members end year on positive note

The monthly Economic Indicator Report (EIR) from the Industrial Supply Association showed that 2013 ended on a positive note for ISA members, but growth was at a slightly slower pace.

Walter creates channel development team

As part of an overall restructuring of its sales organization, Walter USA announced the creation of a Channel Development Team.

National Activity Index declines

Led by declines in employment- and production-related indicators, the Chicago Fed National Activity Index decreased to +0.16 in December from +0.69 in November.

HD Supply White Cap offers mobile site

HD Supply White Cap introduced a new mobile site and app for smartphone users.

IWDC adds staff member

The IWDC named Jenne Schwartz its event and meeting planner, responsible for planning, promoting and executing all of IWDC’s events.

Praxair expands in Canada

Praxair Inc. announced that the company has completed an upgrade to its air separation liquefaction capabilities in Fort Saskatchewan and Prentiss, Alberta.

Parker sales up 1.3 percent

Parker Hannifin Corporation reported fiscal 2014 second quarter sales increased 1.3 percent to $3.11 billion, compared with $3.07 billion in the prior year quarter.

Plant Service Co.'s Douds remembered

Bill Douds, president of Plant Service Company of Pittsburgh, Pa., passed away at the age of 73 in late December.

Sturdevant promoted at North American Tool

North American Tool Corporation announced the promotion of Lori Sturdevant to Lead Tool Design and Technical Service Associate.

ICP receives major donor pledge

The Industrial Careers Pathway received a commitment of $210,000 over a three-year period from the Harold C. Schott Foundation.

Industrial production rises for fifth consecutive month

Industrial production rose 0.3 percent in December, its fifth consecutive monthly increase.

Tencarva names new president

Tencarva Machinery Company, headquartered in Greensboro, N.C., elected Edwin W. Pearce III as president.

Metalformers expect growth

According to the January 2014 Precision Metalforming Association (PMA) Business Conditions Report, metalforming companies expect an upswing in business conditions during the next three months.

MAPI: Manufacturing outlook good

The U.S. manufacturing sector is showing incremental improvement with only a few potential speed bumps in the near-term.

Fastenal sales up 6.1 percent in '13

Fastenal Company reported net sales of $3.32 billion for 2013, a 6.1% increase from 2012.

November manufacturing technology orders rise

November U.S. manufacturing technology orders totaled $437.79 million, up 0.6% from October and up 20.7% compared to November 2012.

NetPlus Alliance adds four distributors

NetPlus Alliance welcomed four new distributor members.

Hellinger named Emuge Corp. president

Emuge Corp. announced the appointment of Bob Hellinger as president of U.S. and Canadian operations.

Manufacturing employment ended year strong

Manufacturing employment continued to trend up in December, as the nation's factory employment increased by 9,000 jobs.

Drillco updates website

Drillco Cutting Tools announced that its redesigned website is now live.

Cutting tool consumption drops

November U.S. cutting tool consumption totaled $156 million, according to the U.S. Cutting Tool Institute and AMT – The Association For Manufacturing Technology.

WD-40 sales up slightly

WD-40 Company reported net sales for its fiscal first quarter were $95.5 million, a slight increase from the $95.2 million in the same period last year.

MSC Industrial sales climb 17.5 percent

MSC Industrial Direct said its net sales for the first quarter of fiscal 2014 were $678.5 million, an increase of 17.5% over the same period last year.

Tech Air acquires two Georgia distributors

Tech Air has acquired Georgia-based Compressed Gases of Augusta and A-L Welding Supply Inc. of Gainesville.

NetPlus names new VP of distributor development

NetPlus Alliance, a buying group for industrial and contractor supplies distributors, named Paul Byrnes as the company’s new vice president of Distributor Development.

GHX Industrial acquires Dandy Specialties

The United Distribution Group and GHX Industrial announced the acquisition of Dandy Specialties Inc., headquartered in Abilene, Texas.

IDG makes two acquisitions

Industrial Distribution Group has completed the acquisitions of Tommy White Supply Co. and the industrial division of Duncan Co.

Applied acquires Texas Oilpatch Services

Applied Industrial Technologies has acquired Texas Oilpatch Services Corporation (TOPS) of Houston, Texas.

Manufacturing expanded in December

Manufacturing expanded in December for the seventh consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business.