January 2015 News
AD sales grow by 9%
Affiliated Distributors reported record sales in 2014, with sales for all AD members across all AD divisions and countries growing by 9% to $31.2 billion.
Continental finalizes Veyance acquisition
Continental announced that it finalized its acquisition of U.S. rubber company Veyance Technologies Inc.
Apache promotes Hanson
Apache Inc. promoted Gregg Hanson to director of sales for the Apache Industrial Division.
Sandvik sales rise 2%
Sandvik reported invoiced sales for 2014 were SEK 88.8 billion ($10.8 billion), a 2 percent increase from 2013.
Stanley Black & Decker revenues up 4%
Stanley Black & Decker reported fourth quarter net sales of $2.98 billion, up 3% versus the prior year.
Logistics names new field sales manager
Logistics Corporation named Joy Mason as a new field sales manager.
Timken sees 2% sales gain
The Timken Company reported fourth-quarter sales of $762.2 million, up approximately 2 percent over the prior-year quarter.
WESCO International 4Q sales and income rise
WESCO International announced 2014 fourth quarter sales of $1.99 billion, an increase of 6.1% from $1.88 billion in the same period a year ago.
Applied sees big jump in sales
Applied Industrial Technologies reported second quarter fiscal 2015 sales of $691.7 million, an increase of 18.9% compared with $581.9 million in the same quarter a year ago.
Kennametal posts $388 million loss for 2Q
Kennametal reported a 2 percent decline in sales for its fiscal second quarter, to $676 million, compared with $690 million in the same quarter last year.
December durable goods orders fall
New orders for manufactured durable goods decreased 3.4 percent in December to $230.5 billion, the U.S. Census Bureau announced.
Praxair sales down on currency effects
Praxair reported that its fourth quarter sales were $2.99 billion, 0.7% down from $3.01 billion in the same period last year.
Rockwell Automation sales take a dip
Rockwell Automation reported fiscal 2015 first quarter sales of $1.57 billion, down 1.1 percent from $1.59 billion in the first quarter of 2014.
ITW organic revenue up 2.3 percent
Illinois Tool Works reported that fourth quarter revenue of $3.5 billion was down 1.4 percent due to negative foreign currency translation impact.
New GM named for Walter Mexico
Walter Surface Technologies announced that Pablo Rivero Torres has been appointed general manager for Walter Mexico.
3M sales up by 2 percent
3M reported that its fourth quarter sales grew 2.0 percent to $7.7 billion.
Parker finishes record quarter
Parker Hannifin Corporation reported that its fiscal 2015 second quarter sales were $3.13 billion, compared with $3.11 billion in the prior year quarter.
PTDA releases digital Power Transmission Handbook
The PTDA Power Transmission Handbook eBook is now for sale in the PTDA Store.
Grainger '14 sales up 6 percent
Grainger reported 2014 sales of $10.0 billion, an increase of 6 percent compared to $9.4 billion in 2013.
Chicago Fed National Activity Index declines
The Chicago Fed National Activity Index fell to –0.05 in December from +0.92 in November.
ISA Index ends 2014 on strong note
The January ISA Economic Indicator Report (EIR) from the Industrial Supply Association indicated that 2014 ended on a positive note for both Manufacturers and Distributors.
Parker elects new CEO and president
Parker Hannifin Corporation elected company veterans Thomas L. Williams as chief executive officer and Lee C. Banks as president and chief operating officer, effective Feb. 1.
Dayton Lamina names VP of sales and marketing
Dayton Lamina recently added Bill Mills to the executive management team in the position of VP of Sales & Marketing.
Collins Pipe & Supply acquires Power House Supply
Collins Pipe & Supply Co. has agreed to acquire Power House Supply Inc. of Newburyport, Mass.
Wagner Spray Tech names McGuirk president
Wagner SprayTech Corporation announced that Greg McGuirk, 47, has been promoted to president of Wagner SprayTech North America.
NewAge Industries makes sales promotions
NewAge Industries announced the promotions of sales team members Lawrence Morano and Stephen McDevitt.
KNIPEX Tools promotes industrial team members
KNIPEX Tools announced appointments of two members of its industrial team.
Stone retires from Airmaster
Airmaster Fan Company president and chief executive officer Dick Stone retired from the company effective Dec. 31.
Tech Air acquires McGinnis Welding Supply
Tech Air, a Connecticut-based distributor of industrial, medical, and specialty gases and related welding supplies, has acquired McGinnis Welding Supply of Wichita Falls, Texas.
BlackHawk Industrial acquires Packaging Inc.
BlackHawk Industrial announced the acquisition of Packaging Inc. of Eden Prairie, Minn.
Van Meter to acquire Miller Electric
Miller Electric Supply Inc. and Van Meter Inc. have entered into an agreement for Van Meter to purchase Miller Electric.
Mark Higgins joins Morse Cutting Tools
Morse Cutting Tools Inc. welcomed Mark R. Higgins as vice president Strategic Accounts & Business Development.
HD SupplyWhite Cap opens new locations
HD Supply Construction & Industrial – White Cap announced it opened new locations in the Boston Waterfront District, Downtown Los Angeles and Killeen, Texas.
Fastenal sales up 12% in 2014
Fastenal reported that sales for 2014 were $3.73 billion, a 12 percent increase from the $3.32 billion reported in fiscal 2013.
NN Inc. reorganizes Bearing Components Group
NN Inc. announced that its Metal Bearing Components Group has reorganized into two distinct business units – Global Rollers Division and Global Ball Division.
U.S. cutting tool consumption down in November
November U.S. cutting tool consumption totaled $156.9 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.
Motion Industries to acquire Miller Bearings
Motion Industries has agreed to acquire Miller Bearings Inc., headquartered in Orlando, Fla., in the first quarter of 2015.
NetPlus Alliance adds five suppliers
NetPlus Alliance added five new suppliers to the buying and marketing group for industrial and contractor supplies distributors.
Falcon Fastening names business development manager
Falcon Fastening Solutions Inc. appointed Steve Rimmer as business development manager.
Kaman to acquire G.C. Fabrication
Kaman Industrial Technologies plans to acquire G.C. Fabrication Inc., an electrical distributor based in Northvale, N.J.
Nov. manufacturing technology orders fall
November U.S. manufacturing technology orders fell by 15.5% from October's total and were down 14.5% compared to a year ago.
Radians to merge Mich. and Tenn. operations
Radians Inc. announced plans to break ground this spring on an 80,000 square foot expansion of its Memphis operations.
Noe named division sales manager for J.C. Renfroe
Darrin Noe has been named division sales manager for J.C. Renfroe, a division of The Caldwell Group.
Factory employment up in December
Manufacturing employment increased by 17,000 in December, with durable goods (+13,000) accounting for most of the gain.
Wholesaler sales fell in November
The U.S. Census Bureau announced that November 2014 sales of merchant wholesalers were $452.2 billion.
WD-40 sales up, earnings down
WD-40 Company reported net sales for the first quarter were $96.4 million, an increase of 1 percent compared to the prior year fiscal quarter.
Cee Kay Supply promotes Howe
Cee Kay Supply announced the promotion of Patrick Howe to St. Louis territory manager.
MSC sales up 7.8% in Q1
MSC Industrial reported net sales for the fiscal first quarter 2015 were $731.1 million, an increase of 7.8% from $678.5 million last year.
MW Industries acquires Maudlin & Son
MW Industries announced the acquisition of Maudlin & Son Manufacturing.
GHX Industrial acquires Hose & Fittings
GHX Industrial, a subsidiary of The United Distribution Group, has acquired the operations and assets of Houston, Texas-based Hose & Fittings Inc.
Ace Hardware acquires Jensen Distribution
Ace Hardware Corporation has acquired Jensen Distribution Services; a 131-year-old distributor of hardlines goods.
Manufacturing growth slower in December
Economic activity in the manufacturing sector expanded in December for the 19th consecutive month, but at a slower pace than in November.
Bill Ziegler Sr. passes away
Bill Ziegler Sr. died peacefully on Dec. 24 in his residence at the age of 94.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
