May 2017 News

IDCO welcomes new members
IDCO announced the addition of three independent distributor members, five endorsed suppliers, and the newest Gold level supplier in the IDCO Hoser Honors program.

Columbus McKinnon acquisitions drive 18.4 percent sales gain
Columbus McKinnon said sales for its fiscal fourth quarter were $183.7 million, up 18.4%.

RBC Bearings sales fall 1.3 percent
RBC Bearings reported net sales for the fourth quarter of fiscal 2017 were $160.2 million, a decrease of 1.3% from $162.3 million in the fourth quarter of fiscal 2016.

Lawson Products to ring Nasdaq closing bell
Lawson Products announced that president and chief executive officer, Michael DeCata, will ring the Nasdaq Stock Market closing bell on Wednesday, May 31, 2017.

B&D Industrial acquires Industrial Control Direct
B&D Industrial recently acquired the online business Industrial Control Direct (

MSC names senior VP supply chain
MSC Industrial Supply announced that Stephen Szilagyi has joined the company as senior vice president, supply chain.

Sphere 1 names 2016 Award Winners
Sphere 1 named the winners of its top awards recognizing preferred suppliers.

Dorner acquires Mexico-based Sautem
Dorner Holding Company, the parent company of Dorner Mfg. Corp., announced the acquisition of Sautem, a designer and supplier of process automation equipment in Mexico.

Lincoln Electric names new head of welding segment
Lincoln Electric Holdings has promoted Steven B. Hedlund to executive vice president and president of the International Welding segment.

Real GDP up by 1.2 percent in Q1
Real gross domestic product increased at an annual rate of 1.2 percent in the first quarter of 2017, according to the second estimate released by the Bureau of Economic Analysis.

Brady sales down 3.8 percent
Brady Corporation reported sales for its fiscal 2017 third quarter decreased 3.8 percent to $275.9 million compared to $286.8 million in the same quarter last year.

Praxair and Linde agree to merge
Praxair has reached agreement in principle on the terms and conditions of a business combination agreement with Linde AG.

Hitachi wins Sphere 1 award
Hitachi Power Tools has been recognized for the fifth year in a row for highest sales achievement by brand with Sphere 1 members.

Earnest Machine earns award
Earnest Machine was recently recognized as an organization that has demonstrated cutting-edge practices with the Smart Culture Award from Smart Business magazine.

Lowe's to acquire Maintenance Supply Headquarters
Lowe's Companies has agreed to acquire Maintenance Supply Headquarters, a distributor of MRO products to the multifamily housing industry, for a total transaction value of $512 million.

NetPlus Alliance sees growth in 2016
NetPlus Alliance, a North American industrial and contractor supplies buying group, posted an 8% increase in purchases in the first quarter of 2017.

Manufacturers expect growth for remainder of 2017
Economic growth is expected to continue in the U.S. throughout the remainder of 2017, say the nation's purchasing and supply executives in their Spring 2017 Semiannual Economic Forecast.

Chicago Fed National Activity Index rises in April
Led by improvements in production-related indicators, the Chicago Fed National Activity Index rose to +0.49 in April from +0.07 in March.

Endries to be acquired by Nautic Partners
Nautic Partners LLC, in partnership with Endries management, has agreed to acquire Endries International Inc. and related affiliates from Ferguson Enterprises.

Epner and Beveridge focus on change at DDI System event
Industry thought leaders Steve Epner and Dirk Beveridge helped facilitate discussions on facing change in a disruptive marketplace at the DDI System biennial user conference.

Hitachi to acquire Sullair
Hitachi Ltd. and Accudyne Industries announced that the two companies have entered into an agreement for Hitachi to acquire Accudyne subsidiary Sullair, a manufacturer of air compressors.

Slower growth in April for ISA members
The May ISA Economic Indicator Report (EIR) from the Industrial Supply Association showed that manufacturers and distributors experienced slower growth in April compared to March.

Newcastle Systems names VP sales and marketing
Newcastle Systems, a provider of mobile powered workplace solutions, named Derek Coppinger as vice president of sales and marketing.

Industrial production up 1.0 percent
Industrial production advanced 1.0 percent in April for its third consecutive monthly increase and its largest gain since February 2014.

Continental invests $12 million in hose facility
Continental announced that it is investing approximately $12 million in its ContiTech PVC hose business in North America.

Motion Industries takes manufacturer to court
Motion Industries has filed a complaint in Madison County, Illinois against Lenhardt Tool and Die Company.

Sandvik Coromant names new president
Nadine Crauwels has been appointed as the new president of Sandvik Coromant.

DXP Enterprises sales decline 5.9 percent
DXP Enterprises said its first quarter sales of $238.5 million were down 5.9 percent from $253.6 million for the first quarter of 2016.

Applied CFO Eisele to retire
Applied Industrial Technologies announced that Mark O. Eisele, vice president - chief financial officer and treasurer, will retire at the end of August 2017 after 26 years of service to the company.

Hosco acquires Classic Precision
Hosco Holdings, a finishing system components and engineered solutions manufacturer, has purchased Classic Precision Inc., a manufacturer of aerospace fuel delivery and combustion components for turbine engines.

PTDA members feel positive about 2017
Despite a decline of 3.6 percent in the fourth quarter report released by the Power Transmission Distributors Association, PTDA members are positive about the outlook for 2017.

Evergreen recognizes members and suppliers of the year
The Evergreen Marketing Group recognized three distributor members and five manufacturer partners as 2016 Member or Preferred Supplier of the Year.

MSC gives out supplier awards
Kennametal Inc. and Stanley Black & Decker have been selected from more than 3,000 companies to receive the first Supplier of the Year awards ever presented by MSC Industrial Supply Co.

March U.S. cutting tool consumption rises
March U.S. cutting tool consumption totaled $200.05 million, 14.3% higher than February’s $174.98 million and up 8.4% compared with $184.57 million reported for March 2016.

Regal Beloit sales decline 0.6 percent
Regal Beloit Corporation announced that its first quarter net sales of $813.5 million decreased 0.6% from the prior year.

Timken names president of PT Tech
The Timken Company has named Jason K. Rebucci president of PT Tech.

NIBA/PTDA Joint Industry Summit advance registration opens
Advanced registration is open for the NIBA/PTDA Joint Industry Summit at The Diplomat Beach Resort in Hollywood, Florida, Sept. 27-30.

Manufacturing technology orders up 3.3 percent
Manufacturing technology orders continued to make gains in March, gaining 34.8 percent compared to February, and up 3.3 percent compared to March 2016.

Brammall  Supply acquired by JCT Industries
JCT Industries of Grand Rapids, Michigan, acquired Benton Harbor, Michigan-based Brammall Supply Inc.

DDI System holds 2017 User Conference
DDI System, an ERP software provider for wholesale distributors, is holidng its Inform Connects 2017 User Conference in Nashville, Tennessee, this week.

MRC Global sales up 10 percent
MRC Global announced first quarter 2017 sales were $862 million, 10% higher than the first quarter of 2016 and 20% higher than the fourth quarter of 2016.

Winsupply opens Houston location
Winsupply Inc. opened a new Winsupply company in Houston serving plumbing, mechanical and industrial contractors throughout southeast Texas.

Timken acquires PT Tech
The Timken Company has acquired PT Tech Inc., a manufacturer of engineered clutches, brakes, hydraulic power take-off units and other torque management devices used in mining, aggregate, wood recycling and metals industries.

Small job gains in manufacturing, construction in April
Manufacturers added 6,000 jobs in April while the construction industry gained 5,000 jobs.

Snap-on acquires Norbar Torque Tools
Snap-on Incorporated has acquired Norbar Torque Tools Holdings Limited, along with its U.S. and Chinese joint ventures, for approximately $72 million.

Fastenal April sales up 3.7 percent
Fastenal reported sales of $343.7 million in April, a 3.7 percent increase from $331.5 million in April 2016.

Manufacturing productivity increased 0.4 percent
Manufacturing sector labor productivity increased 0.4 percent in the first quarter of 2017, as output increased 2.8 percent and hours worked increased 2.4 percent.

Jason Industries sales decline 8.3 percent
Jason Industries reported net sales of $175.2 million for the first quarter, an 8.3 percent decline from $190.9 million in the same quarter last year.

Allied Motion sales decline 3.6 percent
Allied Motion Technologies reported that revenue for the fist quarter was down 3.6 percent to $61.4 million.

Kaman sales decline 5.9 percent
Kaman Industrial Technologies had sales of $271.6 million for the first quarter, a 5.9 percent decrease from $288.7 million in the same period last year.

NOW Inc. sales up 15 percent
NOW Inc. reported revenues of $631 million for the first quarter of 2017, up 17 percent sequentially and 15 percent year over year.

Former ITW exec launches marketing consulting firm
A former ITW executive, Tim Rasmussen, has launched a marketing consulting firm focused on the unique needs of industrial clients.

Eaton sales up 1 percent
Eaton Corporation plc announced that sales in the first quarter of 2017 were $4.8 billion, up 1 percent over the same period in 2016.

Emerson sales flat in 2Q
Emerson said net sales in the second quarter of $3.6 million were flat on both a net and underlying basis.

ISA honors Judge of NetPlus Alliance
The Industrial Supply Association named Dan Judge, chairman of NetPlus Alliance, recipient of the John J. Buckley Lifetime Achievement Award at the ISA 2017 Convention in Denver.

Manufacturing expansion slowed in April
Manufacturing expanded at a slower pace last month, as the April PMI registered 54.8 percent, a decrease of 2.4 percentage points from the March reading of 57.2 percent.

Construction spending down 0.2 percent
Construction spending during March was estimated at a seasonally adjusted annual rate of $1,218.3 billion, 0.2 percent below the revised February estimate of $1,220.7 billion.

Ohio Transmission acquires Tri-Power MPT
Ohio Transmission Corporation announced the acquisition of Tri-Power MPT Inc. of Akron, Ohio.

AD sales up 8 percent in first quarter
Contractor and industrial products wholesale buying/marketing group AD reported sales for AD members grew by 8% in the first quarter.