July 2012 News
AD member sales grow by 12%
Affiliated Distributors announced that sales for AD affiliates grew by 12% in the first half of 2012 to $12.8 billion.
WinWholesale opens five locations
WinWholesale Inc. has opened five Winsupply locations in Oregon and Washington that provide products to irrigation, landscape and utility contractors.
MSC to build DC in Ohio
MSC Industrial Direct announced plans to build a distribution center in Columbus, Ohio.
Fastenal names new president
In documents filed with the Securites and Exchange Commission, Fastenal announced that it elected Leland J. Hein Jr. as president of the company.
Chicago, Dallas Fed report good news
Two barometers of manufacturing activity in different regions of the country reported good news for manufacturing.
Barnes Group sales fall
Barnes Group Inc. reported second quarter net sales decreased 2 percent to $293.4 million from $297.8 million in the second quarter of 2011.
Kaman Industrial Technologies sales up 7.9%
Kaman Industrial Technologies reported sales increased 7.9% in the second quarter of 2012 to a record $258.1 million compared to $239.3 million a year ago.
ISA releases Industrial Markets Report
The Industrial Supply Association has released the 2012 North American Industrial Markets Report.
Manufacturers remain optimistic
A new survey shows that the majority of U.S. industrial manufacturers remain optimistic amid weakening sentiment about the global economy.
Precision Castparts earnings rise
Precision Castparts improved year-over-year sales by 17.6 percent in the first quarter of fiscal 2013, with sales of $1.97 billion compared to $1.68 billion last year.
Timken sales increase 1%
The Timken Company reported sales of $1.3 billion in the second quarter of 2012, a one percent increase over the same period a year ago.
Kennametal sales rise 14%
Kennametal reported fiscal fourth quarter sales were $739 million, compared with $694 million in the same quarter last year.
Airgas sales up 8%
Airgas reported first quarter sales were $1.26 billion, an increase of 8% over the prior year.
Praxair sales fall by 2%
Praxair reported second-quarter sales were $2.8 billion, 2% below the prior-year quarter.
Rockwell Automation sales increase by 3%
Rockwell Automation reported fiscal 2012 third quarter sales of $1.56 billion, up 3 percent from $1.51 billion in the third quarter of fiscal 2011.
Cooper Industries revenues up 7.4%
Cooper Industries reported second quarter 2012 revenues increased 7.4% to $1.47 billion compared to $1.37 billion in the second quarter of the prior year.
Stanley Black & Decker buys Infastech
Stanley Black & Decker has agreed to acquire Infastech, a global manufacturer and distributor of specialty engineered fastening technologies headquartered in Hong Kong.
ITW sales inch higher
Illinois Tool Works Inc. reported second quarter 2012 revenues of $4.655 billion increased 0.9 percent.
United Stationers sales up 1.5%
United Stationers reported second quarter net sales increased 1.5% to $1.28 billion compared with $1.26 billion in the prior-year quarter.
Coxreels moves to new location
Reel manufacturer Coxreels announced it is moving to a new location in Tempe, Ariz.
Eaton income rises on lower sales
Eaton Corporation announced record net income per share of $1.12 for the second quarter of 2012, an increase of 15 percent over the 97 cents earned in the second quarter of 2011.
Chicago Fed National Activity Index rises
The Chicago Fed National Activity Index (CFNAI) increased to -0.15 in June from -0.48 in May.
Columbus McKinnon sales climb 9.5%
Columbus McKinnon reported net sales for the first quarter of fiscal 2013 were $153.0 million, up 9.5% from the prior-year period.
Snap-on sales up 1.5%
Snap-on said its second quarter sales of $737.9 million increased 1.5% from 2011 levels.
Danaher revenues up 25%
Danaher Corporation revenues climbed 25% to $4.6 billion in the second quarter.
WESCO International sales up 9.7%
WESCO International said its $1.67 billion in sales for the second quarter reflect a 9.7% increase over $1.52 billion in the same time frame last year.
Motion Industries sales up 8%
Motion Industries chalked up sales of $1.1 billion for the second quarter, an 8% increase compared to $1.0 billion in the same period last year.
Singer Equities merges with Bishop Lifting Products
AEA Investors has formed SB Holdings to combine Singer Equities with the acquisition of Bishop Lifting Products.
Stanley Black & Decker income drops 22%
Stanley Black & Decker reported that its net income declined by 22 percent during the second quarter.
Würth Group sales up 12.3%
The Würth Group's 2011 sales climbed to a record EUR 9.7 billion ($12.1 billion USD), up 12.3 percent for the year.
Grainger posts record sales
Grainger reported second quarter sales rose 12 percent to $2.2 billion.
Kaman to invest in new ERP system
Kaman Industrial Technologies announced plans to implement Infor10 Distribution Business (SX.enterprise), a new state of the art enterprise-wide business system.
MCR Safety to expand headquarters
Shelby Group International announced the planned expansion of MCR Safety headquarters and a state-of-the-art distribution center.
BSA fall meeting
The Bearing Specialists Association (BSA) 2012 Fall Meeting in Chicago scheduled for Sept. 24- 25 at the Hilton Suites Chicago/Magnificent Mile in Chicago is co-located with the American Bearing Manufacturers Association (ABMA) Fall Meeting.
Victor Technologies acquires ProMotion
Victor Technologies has acquired Robotronic Oy, the parent company of ProMotion Controls Inc., a maker of advanced, intelligent CNC controllers used in shape-cutting machines.
NetPlus launches new website
NetPlus Alliance has launched a new website at www.netplusalliance.com.
F.W. Webb earns Rayovac award
Rayovac has awarded F.W. Webb the Rayovac Industrial Outstanding Distributor Award for the quarter ended June 30.
Industrial production up 0.4 percent
Industrial production increased 0.4 percent in June after having declined 0.2 percent in May.
Leon Frey dies at 79
Leon H. Frey, former president of Champion Cutting Tool, died on July 8. He was 79.
MBS Dev earns Microsoft designation
MBS Dev, a distribution industry ERP and e-commerce value added reseller for Microsoft Dynamics AX, has been named to the 2012 Microsoft Dynamics President's Club.
Parker acquires UK company
Parker Hannifin Corporation has acquired Kittiwake Developments Limited based in Littlehampton, United Kingdom.
MAPI: manufacturing growth slows
The results of the quarterly Manufacturers Alliance for Productivity and Innovation (MAPI) Survey on the Business Outlook point to a period of deceleration for manufacturing.
Fastenal sales rise 14.7%
Fastenal Company said its second-quarter sales rose 14.7% to $804.8 million.
Parker Hannifin acquires John Fowler
Parker Hannifin Corporation announced two acquistions to beef up the company's presence in India.
Technology orders rise 19%
May U.S. manufacturing technology orders rose to $473.92 million according to AMT - The Association For Manufacturing Technology.
Manufacturing and construction job increases
In an otherwise gloomy jobs report, the manufacturing and construction sectors both added jobs during the month of June.
Turtles & Hughes CEO wins award
Jayne Millard, CEO of Turtle & Hughes Inc., received the Ernst & Young Entrepreneur Of The Year 2012 Award in the distribution, manufacturing and construction category in New Jersey.
Alamo Iron Works acquires SGS Industrial Supplies
Alamo Iron Works, a subsidiary of Industrial Distribution Group, has acquired SGS Industrial Supplies, a distributor of steel and industrial products with two Texas locations.
Kaman acquires Florida Bearings
Kaman Industrial Technologies Corporation has acquired Florida Bearings Inc. of Miami.
BDI moves two branches
Bearing Distributors Inc.(BDI) announced the relocation of two Midwest branches.
NetPlus Alliance adds three suppliers
NetPlus Alliance, a buying group for industrial and contractor supplies distributors, added three manufacturers to its supplier list.
Construction spending rises
U.S. construction spending rose to its highest level in nearly 2-1/2 years in May as investment in residential and federal government projects surged.
Manufacturing contracted in June
The latest Manufacturing ISM Report On Business showed that manufacturing contracted in June.
Praxair acquires Canadian Cylinder & Gases
Praxair Canada Inc. has acquired Canadian Cylinder & Gases Inc. (CCG), an independent distributor of industrial and specialty gases and welding equipment.