March 2018 News

Brewer Machine & Gear joins IDC Marketplace

Brewer Machine & Gear Co. and IDC-USA announced a partnership that will bring a custom product selection to IDC Owner-Distributors via IDC Marketplace.

MAPI forecasts full manufacturing recovery

A new report from the MAPI Foundation predicts that the U.S. manufacturing industry will regain all output lost in the Great Recession by April 2019.

GDP grew by 2.9 percent in 4Q

Real gross domestic product increased at an annual rate of 2.9 percent in the fourth quarter of 2017, according to the third estimate released by the Bureau of Economic Analysis.

Material handling equipment market to grow by 5%

The material handling equipment market is expected to exceed $190 billion by 2024 according to a new research report by Global Market Insights Inc.

RPM International acquires Miracle Sealants

RPM International Inc. announced that its Rust-Oleum Group has acquired Miracle Sealants Company, a manufacturer of sealers, cleaners, polishes and related products primarily for tile and natural stone.

STAFDA names keynote and associate speakers

The Specialty Tools & Fasteners Distributors Association (STAFDA) named business expert Jon Gordon as keynote speaker for its 42nd Annual Convention & Trade Show, Oct. 28-30, at the Phoenix Convention Center.

Purvis Industries acquires PICOR

Purvis Industries subsidiary KMEC Engineering & Conveying Systems acquired PICOR, a design and engineering company.

Chicago Fed National Activity Index rose in February

The Chicago Fed National Activity Index rose to +0.88 in February from +0.02 in January.

Hitachi Power Tools announces management changes

Hitachi Power Tools announced new appointments to its C-Level management structure effective April 1, 2018.

DXP Enterprises sees 4.6 percent sales gain

DXP Enterprises reported that sales were $1.0 billion for fiscal year 2017, an increase of 4.6 percent from $962.1 million for fiscal year 2016.

Actuant sales up 6 percent

Actuant Corporation said its sales for the second quarter were $275 million, 6 percent higher than the $259 million in the same quarter last year.

Private equity firm invests in Conexiom

Conexiom, a provider of cloud-based supply chain document automation software solutions, announced that Luminate Capital Partners has invested in the company in support of its global growth strategy.

Industrial production rose 1.1 percent in February

Industrial production rose 1.1 percent in February following a decline of 0.3 percent in January.

Sonepar USA names new Vallen president

Sonepar USA announced that former Avnet executive Charles Delph has been named president of Vallen Distribution.

B&D Industrial recognizes long-time employee

B&D Industrial presented its highest honor, the John D. Nations award, to longtime and valued team member, Angie Steffens.

Core & Main names VP of corporate development

Core & Main appointed Jeff Giles as its new vice president of corporate development.

Allied Motion reports record revenue

Allied Motion Technologies reported record revenue of $252.0 million was up 2.5 percent for 2017.

Graybar names VP of marketing and customer experience

Graybar announced the appointment of Craig Hogan as vice president - marketing and customer experience.

Belt Power acquires Regional Supply

Atlanta-based Belt Power announced the acquisition of Regional Supply of Marietta, Georgia.

HD Supply sales up by 6.3 percent

HD Supply Holdings reported net sales of $5.1 billion for the full-year of fiscal 2017, an increase of 6.3 percent compared to the full-year of fiscal 2016.

Justrite Safety acquires Eagle Manufacturing

Justrite Safety Group announced the acquisition of West Virginia-based Eagle Manufacturing Company.

Hitachi Power Tools to be renamed Metabo HPT

Hitachi Power Tools announced a name change from Hitachi Power Tools to Metabo HPT for its full line of power tools, fasteners, accessories and outdoor power equipment products for North America.

Industrial Supply Solutions acquires Tri-Flex Hose & Fitting

Industrial Supply Solutions Inc. acquired Tri-Flex Hose & Fitting Co. in Winston-Salem, North Carolina.

Graybar sales up 3.9 percent

Graybar reported that the company finished 2017 with its sixth consecutive year of record net sales.

February factory and construction employment increased

Manufacturing added 31,000 jobs and construction employment increased by 61,000 in February.

Tribute named IDCO-endorsed supplier

Tribute Inc. announced its selection by the Industrial Distributor Cooperative (IDCO) as a premium and endorsed supplier of ERP distribution software.

E-Z Drill adds inside sales and safety specialist

E-Z Drill, a manufacturer of concrete drilling and doweling equipment, added Debra Davis as its inside sales and safety specialist.

Robroy Industries announces personnel moves

Robroy Industries Raceway Division announced the hiring of Andrew Krug as an accountant and Brannon Peek as maintenance manager.

Crane Engineering acquires RD Smith

Crane Engineering, a distributor of fluid technology solutions, acquired RD Smith Company Inc., a fluid processing equipment distributor based in Eau Claire, Wisconsin.

Manufacturing productivity up 6.0 percent in 4Q

Manufacturing productivity increased 6.0 percent in the fourth quarter of 2017, as output increased 6.6 percent and hours worked rose 0.5 percent.

Dorner appoints territory sales manager for Indiana

Scott Volk has been appointed territory sales manager covering Indiana for Dorner Mfg. Corp.

Motion Industries to open new distribution center

Motion Industries announced plans to open a new distribution center in Auburn, Washington, in late spring 2018.

Airmaster names operational excellence manager

Airmaster announced the hiring of Mario Meiwes as its operational excellence manager.

EIS becomes Electrical Specialties Group of Motion Industries

Motion Industries announced that Genuine Parts Company subsidiary EIS has become the Electrical Specialties Group of Motion Industries.

Fastenal February sales up 14.8 percent

Fastenal reported sales of $372.8 million in February, a 14.8 percent increase from $324.8 million in February 2017.

HD Supply completes A.H. Harris acquisition

HD Supply Holdings completed the previously announced acquisition of A.H. Harris
Construction Supplies, a specialty construction distributor serving the Northeast, Mid- and South-Atlantic regions.

H.B. Fuller integration plan to generate $35 million in savings

H.B. Fuller Company has approved a plan associated with the integration of the Royal and H.B. Fuller businesses that is expected to result in $35 million in annual cost savings by 2020.

G. L. Huyett acquires HANDI-CHEK

G. L. Huyett announced its acquisition of the HANDI-CHEK packaged goods business of ITW Shakeproof Industrial Products.

Singer Equities acquires Foster Hose and Fittings

Singer Equities Inc. announced the acquisition of Foster Hose and Fittings headquartered in St. Louis.

Manufacturing expanded in February

Manufacturing expanded in February as the Institute for Supply Management's purchasing index registered 60.8 percent, an increase of 1.7 percentage points from the January reading of 59.1 percent.

Construction spending flat in January

Construction spending during January was estimated at a seasonally adjusted annual rate of $1,262.8 billion, nearly the same as the revised December estimate of $1,262.7 billion.

Jason Industries sales decline 8.1 percent

Jason Industries reported that 2017 net sales of $648.6 million decreased 8.1 percent from $705.5 million in 2016.