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May 2014 News

IWDC raises funds for military families

IWDC’s member owners and vendor partners topped their fund drive goal during their May 13-15 Sales & Purchasing Convention.

PIP adds to marketing department

Protective Industrial Products Inc. welcomed two new members to its marketing department.

United Stationers acquires e-retailer

United Stationers Supply Co. has signed an agreement to acquire 100 percent of the outstanding shares of CPO Commerce Inc. for $30 million in cash.

General Tools acquired by High Road Capital

General Tools & Instruments has been acquired by High Road Capital Partners, a private equity firm based in New York City.

MAPI: Dim outlook for exports

A new report suggests that disappointing first quarter growth in manufactured exports and a continued rise in the deficit does not bode well for export competitiveness.

TDC Cutting Tools expands SC site

TDC Cutting Tools Inc. recently announced the expansion of its operations and established its overseas headquarters in Oconee County, S.C.

F.W. Webb opens Allentown branch

F.W. Webb Company plans to open a branch in Allentown, Pa., making Pennsylvania the ninth state where F.W. Webb is located.

RBC Bearings sales and earnings rise

RBC Bearings reported net sales for the fourth quarter of fiscal 2014 were $113.7 million, an increase of 10.4% from the fourth quarter of fiscal 2013.

Airgas announces price increase

Airgas announced a price increase on bulk and packaged industrial, medical, and specialty gases by 5 - 15% and on argon by up to 25% beginning July 1.

Applied acquires Knox Oil Field Supply

Applied Industrial Technologies has reached a definitive agreement to acquire Knox Oil Field Supply of San Angelo, Texas, a supplier to the upstream oil and gas industry.

Crescent Electric Supply names branch manager

Crescent Electric Supply Company has hired George Stewart as manager at its Wisconsin branches in Milwaukee and Racine.

Brady Corporation sales up 2.3 percent

Brady Corporation said its third-quarter sales increased 2.3 percent to $309.6 million compared to the third quarter of fiscal 2013.

New senior VP at Ironclad Performance Wear

Ironclad Performance Wear Corporation announced that Tom Felton joined the company as its senior vice president Supply Chain.

Economic growth moderated in April

Led by declines in production-related indicators, the Chicago Fed National Activity Index decreased to -0.32 in April from +0.34 in March.

ISA names American Eagle Award winners

The Industrial Supply Association announced the winners of its American Eagle Awards at the 2014 Annual Convention in New Orleans on May 17.

QA1 names industrial sales manager

QA1 named Mike McVeigh industrial sales manager.

ISA sees moderate growth

Business moderated somewhat for manufacturer and distributor members of the Industrial Supply Association according to the recent ISA Economic Indicator Report (EIR).

Kennametal names business segment heads

Kennametal Inc.appointed two executives to lead its principal business segments.

WESCO acquires Hi-Line Utility Supply

WESCO Distribution has entered into a definitive agreement to acquire Hi-Line Utility Supply Company.

Home Depot earnings up 12.5 percent

The Home Depot reported first quarter net earnings of $1.4 billion, or $1.00 per diluted share, compared with $1.2 billion, or 83 cents, in the same period of fiscal 2013.

Industrial production down in April

Industrial production decreased 0.6 percent in April 2014 after having risen about 1 percent in both February and March.

Airgas to build air separation unit

Airgas signed a long-term agreement to build an air separation unit (ASU) to supply tonnage oxygen and nitrogen via pipeline to Westlake Vinyls Inc., a Westlake company, at its expanded Calvert City, Ky., manufacturing complex.

March cutting tool consumption falls

March U.S. cutting tool consumption totaled $171 million, according to the U.S. Cutting Tool Institute and AMT – The Association For Manufacturing Technology.

3M appoints new Industrial Business Group leader

Michael F. Roman has been appointed executive vice president of 3M’s Industrial Business Group, effective immediately.

Graybar names VP of strategic accounts

Graybar announced that Danna N. Ellison has been named vice president, Strategic Accounts, effective June 1.

Allied Motion sales and earnings more than double

The acquisition of Globe Motors dramatically boosted sales and earnings for Allied Motion Technologies.

DXP Enterprises sales jump but earnings fall

DXP Enterprises reported first quarter sales were $348.5 million, an increase of 20.1%.

PTDA members expect slower growth

The PTDA Business Index for 1Q2014 indicates continued growth in the power transmission/motion control market but tempered expectations for year-end 2014.

Grainger sales up 5 percent in April

Grainger reported that sales for the month of April increased 5 percent versus April 2013.

Hyde Industrial Blade names product development manager

Hyde Industrial Blade Solutions announced that Leon Lavallee has been promoted to the role of Product Development Manager.

Polyconn adds customer service team member

Polyconn recently expanded its customer service department with the hire of Chelsie Mann.

Walter makes marketing department changes

Walter announced that Mark Hemmerling, formerly director of marketing for Walter USA, has been appointed director of marketing for the Americas region.

Radians names Central Region sales manager

Radians Inc. announced that Bob Brohl has joined the company as sales manager for the Central Region, reporting to Russ Silver, vice president of industrial sales.

Intertape Polymer receives EPA recognition

Intertape Polymer Group was designated as a 2014 Energy Star Partner of the Year by the U.S. Environmental Protection Agency.

Manufacturing technology orders rise in March

Manufacturing technology orders were up 2.9% in March compared to March 2013.

Ideal Industries names director of industrial sales

Ideal Industries has appointed Jim Nelson as its new director of industrial sales.

Ironclad Performance Wear sales and earnings fall

Ironclad Performance Wear reported net sales for the first quarter were $5.1 million, a decrease of 4.5% percent from $5.3 million for the same time last year.

NN Inc. sales up 9.3 percent

NN Inc. reported net sales for the first quarter of 2014 were $102.5 million, an increase of 9.3% compared to the same period of 2013.

Regal Beloit earnings fall

Regal Beloit said net sales for the first quarter 2014 were $801.2 million compared to $778.2 million for the first quarter 2013.

Emerson sales decline 2 percent

Emerson reported that sales for the second quarter declined 2 percent to $5.8 billion.

Fastenal sales up 10 percent in April

Fastenal posted sales of $315.1 million in April, a 10% increase from the $286.6 million sales in April 2013.

Interline Brands sales up 3.1 percent

Interline Brands reported that its first-quarter sales were $392.5 million, a 3.1% increase compared to $380.8 million for the 2013 first quarter.

NAW Institute for Distribution Excellence names new board members

The NAW Institute for Distribution Excellence of the National Association of Wholesaler-Distributors added two new members to its Board of Directors.

AFFLINK names new director of sales

AFFLINK announced that it has named Paul Vrzal as Director of Sales–Industrial.

Construction and manufacturing job gains

Construction employment grew by 32,000 jobs in April while factory employment increased by 12,000 during the month, the U.S. Bureau of Labor Statistics reported today.

Capital Safety acquires fall protection company

Capital Safety has acquired Altiseg Equipamentos de Seguranca de Trabalho, a fall protection company in Brazil.

ISM: Manufacturing expanded in April

Manufacturing expanded in April, as the Institute for Supply Management's purchasing manager's index registered 54.9 percent, 1.2 percentage points higher than March.

Airgas sales up 2 percent

Airgas reported sales of $5.07 billion for its fiscal year that ended March 31, an increase of 2% over the prior year.

Haggard & Stocking earns workplace award

Haggard & Stocking Associates Inc. earned a Top Workplace award from the Indianapolis Star newspaper.

Kennametal sales climb 15 percent

Boosted by its acquisition of Tungsten Materials Business, Kennametal said its fiscal third quarter 2014 sales climbed 15 percent to $755 million.

Applied Industrial Technologies sales fall slightly

Applied Industrial Technologies reported 3Q fiscal 2014 sales were $618.0 million, a decrease of 0.6% compared with $621.7 million in the same quarter a year ago.

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