November 2017 News

PTDA Foundation introduces PT WORK Force
The PTDA Foundation plans to launch a new initiative focused on hiring, retaining and training employees in 2018.

Grainger hosts grand opening of NJ distribution center
Grainger hosted a grand opening to celebrate its new distribution center in Bordentown Township, New Jersey.

Distributors risk losing sales to online competitors
A new white paper from Digital Channel Advisors suggests that distributors may need to revamp their existing business model or risk losing sales to online competitors.

GDP increased by 3.3 percent in Q3
Real gross domestic product increased at an annual rate of 3.3 percent in the third quarter of 2017, according to the most recent estimate released by the Bureau of Economic Analysis.

Motion Canada earns SKF certifications
Motion Industries announced that its Motion Canada TechCan Services in Edmonton, Alberta, recently received two SKF certifications.

Emerson withdraws offer to acquire Rockwell Automation
Emerson announced that it has withdrawn its proposal to acquire Rockwell Automation for $225 per share, citing unwillingness of the Rockwell board to engage in discussions about a potential combination.

DDI System revamps website
DDI System announced the launch of its newly revamped website,

Chicago Fed: Economic Growth in October
Led by improvements in production-related indicators, the Chicago Fed National Activity Index rose to +0.65 in October from +0.36 in September.

PT/MC sales up 2.4 percent
Power transmission/motion control distributor sales accelerated 2.4 percent on a year-over-year basis, according to PTDA.

Industrial production rose 0.9 percent in October
Industrial production rose 0.9 percent in October, and manufacturing increased 1.3 percent.

US Wire & Cable acquires Voltec
US Wire & Cable Corporation announced its acquisition of Voltec Power & Lighting Corporation and its affiliates.

STAFDA's Halvorsen remembered
STAFDA’s first executive director, Morrie Halvorsen, passed away on Oct. 31 at age 86.

Brighton Best acquires Ironclad Performance Wear
Ironclad Performance Wear Corporation announced that it has been acquired by Brighton Best International Inc. through an asset purchase.

FCX Performance acquires two distributors
FCX Performance has acquired Eads Distribution, based in Houston, and The Massey Company, headquartered in Charlotte.

North American Tool meets higher ISO standards
North American Tool, a manufacturer of special taps, dies and gages, has announced its upgraded quality certification under ISO 9001:2015 standards as of Nov. 20, 2017.

September manufacturing technology orders rise
Manufacturing technology orders in September continued their upward trend, ending the third quarter on a strong note.

Ohio Transmission acquires PK Controls
Ohio Transmission Corporation announced the acquisition of PK Controls Inc., a Plain City, Ohio-based engineering and services company that specializes in factory automation and controls.

Lariviere named president of Kaman Distribution
Kaman Corp. announced that Alphonse J. Lariviere Jr., 58, has been appointed to serve as president of the company’s distribution segment effective immediately, assuming the position previously held by Steven J. Smidler.

IBC recognizes distributors and suppliers
IBC recognized distributors and suppliers for outstanding growth and engagement with the group at its recent national meeting.

PTDA Foundation fundraising efforts surpass $300,000
Recruiting, hiring, retaining and training employees continues to be an overwhelming challenge for industrial distributors.

Barnes wins IWDC Award
Mike Barnes, president of Fresno Oxygen & Welding Suppliers in Fresno, California, received the Bob Jackson Award from distributor cooperative IWDC.

Hillman Group to acquire ST Fastening Systems
The Hillman Companies has entered into an agreement to acquire Hargis Industries LP, doing business as ST Fastening Systems, a specialty fastener manufacturer and distributor based out of Tyler, Texas.

Distribution One announces new analytics application
Distribution One unveiled an ERP-ONE+ application for wholesale distributors called  Dashboard+ that enables real-time visibility into company-wide performance.

L.H. Dottie names national sales manager
The L.H. Dottie Company announced that Roger Smith has been promoted to national sales manager.

September cutting tool consumption up compared to last year
September U.S. cutting tool consumption totaled $174.92 million according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.

Rockwell Automation sales up 8.4 percent
Rockwell Automation reported fiscal 2017 fourth quarter sales of $1.7 billion, up 8.4 percent from $1.5 billion in the fourth quarter of fiscal 2016.

Winsupply acquires APCO
Winsupply Inc. has purchased APCO Inc., a Lansing, Michigan-based broad line distributor of heating, ventilation and cooling, plumbing, and apartment maintenance supplies.

C&U Americas names Stocker president
C&U Americas has named Jason Stocker as its new president.

Fastenal posts big October sales gain
Fastenal reported sales in October of $399.7 million, a 19.2 percent increase from $335.3 million in October 2016.

Justrite acquires First Safety
Justrite announced its acquisition of First Safety Corporation, a Janesville, Wisconsin-based manufacturer of equipment designed for handling gas cylinders.

Erie Bearings becomes ErieTec
Erie, Pennsylvania-based Erie Bearings announced that it has changed its name to ErieTec.

DXP Enterprises records 9.5 percent sales gain
DXP Enterprises reported third-quarter sales increased 9.5 percent to $251.9 million, compared to $230.0 million for the third quarter of 2017.

SunSource to be acquired
Private investment firm Littlejohn & Co. announced the signing of a definitive agreement to sell SunSource to Clayton, Dubilier & Rice.

Manufacturing added 24,000 jobs in October
Manufacturing employment rose by 24,000 in October, with job gains in computer and electronic products (+5,000) and chemicals (+4,000).

RBC Bearings posts 6.7 percent sales gain
An increase in sales to industrial markets drove a 6.7 percent sales gain for precision bearing manufacturer RBC Bearings.

PFERD restructures sales regions
PFERD Inc. announced a restructuring of its sales operations into three distinct regions, east, central and west.

Cathey Company joins IDC-USA
IDC-USA announced that Lansing, Michigan-based Cathey Company has joined the distributor-owned cooperative.

F.W. Webb acquires Harbor Plumbing & Heating
F.W. Webb Company announced the acquisition of Harbor Plumbing & Heating Supply in Mamaroneck, New York.

Allied Motion revenues up 6.4 percent
Allied Motion Technologies Inc. reported that its third-quarter revenue grew 6.4 percent to $65.0 million.

Third-quarter productivity increased 3.0 percent
Productivity increased 3.0 percent during the third quarter of 2017, the U.S. Bureau of Labor Statistics reported today, as output increased 3.8 percent and hours worked increased 0.8 percent.

Jason Industries sales decline 8.6 percent
Jason Industries reported that its third-quarter net sales of $155.4 million decreased 8.6 percent from $170.1 million in last year's third quarter.

Kennametal sales up 14 percent
Kennametal Inc. posted first quarter 2018 sales of $542 million, compared with $477 million in the same quarter last year.

Cutting tool consumption higher in August
August U.S. cutting tool consumption totaled $196.23 million, up 11.6 percent when compared with $175.81 million reported for August 2016.

Continental acquires Custom Machining
Continental has acquired Custom Machining Services Inc. in order to expand its range of services for the industrial hose industry.

DistributionNOW reports smaller loss on higher sales
NOW Inc. reported third-quarter revenue of $697 million was up 34 percent year over year.

Manufacturing expansion slowed in October
Manufacturing expanded in October at a slower pace than in September according to the latest Manufacturing ISM Report On Business.

ShoreView acquires Winzer Corporation
Minneapolis-based private equity firm ShoreView Industries announced its acquistion of Winzer Corporation, a general line distributor of fasteners and consumable maintenance supplies.