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June 2015 News

New director of marketing at Brennan Industries
Brennan Industries recently hired John Joyce as the director of marketing.

Emerson to spin off network power business
Emerson announced it plans to spin off its Network Power business as part of a plan to streamline its portfolio, drive growth, and accelerate value creation for shareholders.

Grainger names new COO
Grainger announced a change in its leadership structure, naming  D.G. Macpherson to the newly created role of chief operating officer.

Milwaukee Tool expands Mississippi operations
Milwaukee Tool announced an expansion of its operations in Greenwood, Miss.

H.B. Fuller sales and earnings decline
H.B. Fuller Company reported net revenue for the second quarter of 2015 was $540.8 million, down 0.6 percent versus the second quarter of 2014.

Real gross domestic product decreased in 1Q
Real GDP decreased 0.2 percent in the first quarter of 2015, in contrast to an increase of 2.2 percent in the fourth quarter of 2014.

May economic growth below average
The Chicago Fed National Activity Index moved up to –0.17 in May from –0.19 in April.

AFFLINK names new VP of business development
AFFLINK appointed Mark Bozich as the organization’s new vice president of business development.

3M to acquire Capital Safety
3M has entered into a definitive agreement to acquire Capital Safety from KKR for $2.5 billion.

Second month of slower growth for ISA members
The June ISA Economic Indicator Report (EIR) from the Industrial Supply Association indicated that growth slowed for Distributors and Manufacturers for the second month in a row.

Eaton names new president
Eaton announced that Craig Arnold, 55, has been appointed president and chief operating officer of Eaton and a member of the board of directors, effective Sept. 1, 2015.

Singer Equities acquires Unisource
Singer Equities has acquired the operating assets of Unisource Manufacturing Inc. and subsidiaries headquartered in Portland, Ore.

FCX Performance acquires Process Control Services
Columbus, Ohio-based FCX Performance has completed the acquisition of Process Control Services.

Factory output slowed in May
Industrial production decreased 0.2 percent in May after falling 0.5 percent in April.

Indian River adds consultant
Kelly Carter, with more than 15 years of experience in industrial and other B2B markets, has joined Indian River Consulting Group.

Acklands-Grainger opens Toronto DC
Acklands-Grainger hosted a grand opening to celebrate its new Toronto distribution center located in the town of Caledon, Ontario.

Grainger May sales flat
Grainger reported sales for the month of May were flat versus May 2014.

U.S. cutting tool consumption drops
April U.S. cutting tool consumption totaled $183.5 million, down 4.6% from April 2014.

MAPI: Manufacturing to grow 2.5% in 2015
Several factors have emerged to temper the manufacturing production forecast for 2015 but a rebound is anticipated for 2016, according to the MAPI Foundation's U.S. Industrial Outlook, a quarterly report that analyzes 27 major industries.

Clampco breaks ground on new plant
Clampco Products broke ground on a new 60,000 sq. ft. manufacturing facility in Wadsworth, Ohio.

Tech Air acquires Geneva Gas & Supply
Tech Air has acquired Los Angeles-based Geneva Gas & Supply Inc.

HD Supply sales up 6 percent
HD Supply Holdings Inc. reported net sales increased 6 percent to $2.2 billion for the first quarter of fiscal 2015.

Brady names new Identification Solutions president
Brady Corporation appointed Russell Shaller to the position of senior vice president and president-Identification Solutions, effective June 22.

Manufacturing technology orders down in April
April U.S. manufacturing technology orders totaled $384.81 million, down 8.1% from March’s $418.67 million and down 1.0% compared with $388.51 million reported for April 2014.

Tencarva moves into new Nashville location
Tencarva Machinery Company has moved its Nashville brach and the Southern Sales division into a new Nashville facility.

Construction and manufacturing job gains in May
Construction employment continued to trend up over the month, gaining 17,000 jobs in May, the U.S. Bureau of Labor Statistics reported today.

PFERD to consolidate in Milwaukee
PFERD announced plans to consolidate all executive personnel, marketing and customer service positions from Massachusetts to its operations center in Milwaukee.

Fastenal May sales inch higher
Fastenal reported that its May sales were $314.3 million, which was 0.3 percent higher than the $313.5 million in May 2014.

Lincoln Electric expands automation capabilities
The Lincoln Electric Company has acquired all intellectual property related to laser welding and marking systems produced by Process Equipment Company, Tipp City, Ohio.

GHX Industrial acquires Valley of Birmingham
GHX Industrial has acquired the assets and operations of Valley of Birmingham, a distributor of gaskets and fluid sealing products.

AIP acquires Anixter's OEM Supply Fasteners
American Industrial Partners completed the acquisition of Anixter International Inc.'s OEM Supply Fasteners division.

Packaging Tape rebrands
Packaging Tape Inc., a 58-year old packaging and industrial supply company, changed its name to Rocket Industrial.

Jason Industries acquires DRONCO
Jason Industries Inc. has acquired DRONCO GmbH, a German manufacturer of abrasives, for approximately $34.5 million in cash and $11.2 million in assumed liabilities.

Manufacturing expanded in May
Manufacturing expanded in May according to the latest Manufacturing ISM Report On Business.

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