June 2016 News

Graybar to acquire Cape Electrical Supply

Graybar has entered into an agreement to acquire Cape Electrical Supply of Cape Girardeau, Missouri.

Apax to sell Epicor?

According to a report in the Wall Street Journal, Apax Partners is again considering the sale of software provider Epicor.

Dorner names Northern Mexico regional manager

Melina Beluche has been appointed regional manager covering Northern Mexico for Dorner Mfg. Corp.

Motion Industries Pensacola achieves Timken certification

Motion Industries announced that its Service Center in Pensacola, Florida, recently achieved Timken Bearing Certified Shop "Platinum" Level for 2016.

F.W. Webb acquires Lincoln Supply

F.W. Webb Company announced the acquisition of Lincoln Supply, located in Trenton, New Jersey.

H.B. Fuller profits up on lower revenue

H.B. Fuller Company reported net income for the second quarter of 2016 of $33.3 million, or 65 cents per diluted share.

Chicago Fed National Activity Index declined in May

The Chicago Fed National Activity Index was −0.51 in May, down from +0.05 in April.

PIP adds regional sales manager

PIP announced the addition of David Wilkes as regional sales manager.

Actuant sales decline 5 percent

Actuant Corporation reported third quarter sales of $305 million were 5% below the $320 million in the same quarter last year.

Hughes resigns as ISA president/CEO

The Industrial Supply Association (ISA) announced today that Jeffrey Hughes has resigned as ISA's president and CEO, effective immediately.

Lincoln Electric names new CIO

The Lincoln Electric Company announced the promotion of Michele R. Kuhrt to executive vice president and chief information officer, effective July 1, 2016.

Tompkins Industries to distribute Continental products

Tompkins Industries, a supplier of hydraulic adapters and fluid power products, has agreed to distribute Continental hydraulic products.

Cheatwood passes away

Cliff Cheatwood, retired chairman of Arkansas Mill Supply, passed away on Tuesday, June 14. He was 72.

HD Supply breaks ground on new headquarters

HD Supply began development on its new dedicated facility in Atlanta with a groundbreaking ceremony on Monday, June 13.

nexAir to relocate headquarters

nexAir, a distributor of atmospheric gases and welding supplies, announced plans to relocate its headquarters to an historic location in Memphis.

Airgas makes two acquisitions

Airgas announced that it recently acquired Monroe Welding Supply Inc. and Clark Industrial Supply Inc., both effective June 1.

ISA members see faster growth in May

The June ISA Economic Indicator Report (EIR) from the Industrial Supply Association showed that growth accelerated for manufacturers and distributors in May.

FPDA-ISD Joint Annual Summit

The FPDA-ISD Joint Annual Summit is scheduled for Sept. 18-21 at the Westin Savannah in Savannah, Georgia.

Davis to depart Stellar Industrial Supply

Stellar Industrial Supply Inc. of Tacoma, Washington, announced that Larry Davis, Stellar’s executive vice president – chief commercial officer, will depart the company June 30 to pursue other business and personal interests.

Ritz Safety acquires Slate Rock Safety

Dayton, Ohio-based Ritz Safety LLC announced the acquisition of Slate Rock Safety in Medina, Ohio.

Industrial production decreased 0.4 percent in May

Industrial production decreased 0.4 percent in May after increasing 0.6 percent in April, the Fed reported today.

Applied acquires Seals Unlimited

Applied Industrial Technologies has acquired Seals Unlimited, a distributor of sealing, fastener and hose products, located in Burlington, Ontario.

Dorner Mfg. names regional sales manager

Michael Goodall has been appointed a regional sales manager covering the area of Northern Ohio and Michigan for Dorner Mfg. Corp.

Schuster named global leader for Thomas & Betts

ABB has appointed Doug Schuster global leader of Thomas & Betts, the installation products business it acquired in May 2012.

Brady Industries names Utah sales manager

Brady Industries, a full-line janitorial supply, equipment and foodservice distributor, announced the appointment of Clayton Sevy as sales manager for Utah.

SureWerx acquires KP Industries

SureWerx (formerly JET Group), a supplier of professional tools, equipment and safety products, announced the acquisition of KP Industries, a U.S. brand of knee and elbow protection based in Old Mission, Michigan.

SKF to close two North American manufacturing plants

SKF announced the consolidation of its manufacturing facilities in North America, including the closure of its sites in San Diego, California and Baltimore, Maryland.

April manufacturing technology orders down 27.5 percent

Manufacturing technology orders for April 2016 were down 27.5% from the same month a year ago.

Grainger reports May sales increase

Grainger reported daily sales increased 1 percent in May of 2016 versus May of 2015.

April cutting tool consumption falls

April U.S. cutting tool consumption totaled $173.64 million, down 5.7% from March’s $184.08 million and down 15.0% compared with $204.34 million reported for April 2015.

Productivity decreased in Q1

Nonfarm business sector labor productivity decreased at a 0.6-percent annual rate during the first quarter of 2016.

HD Supply sales up 7 percent

HD Supply Holdings reported net sales of $1.8 billion for the first quarter of fiscal 2016, an
increase of 7.3 percent compared to the first quarter of fiscal 2015.

Oil spill cleanup veterans join forces

Two veterans of the oil spill clean up industry have joined forces to collarate on new spill control products.

Lawson Products launches Kent Automotive Aluminum Repair Solutions

Lawson Products announced the launch of Aluminum Repair Solutions under its Kent Automotive brand.

H.B. Fuller to acquire Cyberbond

H.B. Fuller Company has signed an agreement to purchase Cyberbond, L.L.C., a global provider of industrial adhesives for the electronics, medical, audio equipment, automotive, and structural markets.

Fastenal sales up 6 percent in May

Fastenal reported sales in May of $333.7 million, a 6.2 percent increase over $314.3 million in the same month last year.

Manufacturing and construction jobs declined in May

Two key industries for distributors experienced job losses during May, according to the U.S. Bureau of Labor Statistics.

NOW Inc. completes Power Service acquisition

NOW Inc. announced the closing of its acquisition of Power Service, Inc.

Brennan Industries to acquire Truflow Hydraulic Components

Brennan Industries Inc. has entered into an agreement to acquire Truflow Hydraulic Components Ltd of West Midlands, UK.

Troy Industrial Solutions acquires Motors and Drives

Troy Industrial Solutions, headquartered in Watervliet, N.Y., announced its acquisition of Motors and Drives located in Milford, Conn.

NAW and Western International create Leadership program

The National Association of Wholesaler-Distributors (NAW) and Western International University (West) have partnered to develop the Next Generation Leadership program to support leadership development within the wholesale distribution industry.

Allen Benjamin names brand manager

Allen Benjamin Inc. announced the appointment of Rick Rath to brand manager.

Dorner names Northwest regional sales manager

Hank Baptiste has been appointed Northwest regional sales manager for Dorner Mfg. Corp.

ISM: Manufacturing expanded in May

Manufacturing expanded in May as the Institute for Supply Management's monthly index registered 51.3 percent, an increase of 0.5 percentage point from the April reading of 50.8 percent.

Construction spending rises

Construction spending during April was estimated at a seasonally adjusted annual rate of $1,133.9 billion, 4.5 percent above the April 2015 estimate of $1,085.0 billion.