October 2017 News

MSC 4Q sales up 1.2 percent

MSC Industrial Supply reported net sales of $753.8 million for the fourth quarter, an increase of 1.2 percent year-over-year.

Stanley Black & Decker to open Texas factory

Stanley Black & Decker announced plans to open a new manufacturing facility in Mission, Texas.

Rockwell Automation rejects Emerson takeover bid

Rockwell Automation Inc. confirmed that it recently rejected an unsolicited proposal from Emerson to acquire the company.

Purvis Industries acquires A&W Bearings & Supply

Purvis Industries announced that it acquired A&B Bearings & Supply Co., effective Oct. 30.

AD reports record sales

AD reported sales across its 12 divisions and three countries hit a new record during the third quarter of 2017 of $10.2 billion.

MITS updates analytics solution

MITS, a provider of reporting and analytics solutions for distributors and manufacturers, unveiled MITS Discover 11, the latest release of the company’s self-service analytics product.

Evergreen Marketing announces rep workshop schedule

The Evergreen Marketing Group has selected the 2018 dates and locations for its popular one-day workshops for independent and factory-direct sales reps.

Simonds Saw achieves ISO certification

Simonds Saw announced that the company’s Fitchburg, Massachusetts, facility is now ISO 9001:2015 Certified for the manufacture, sale and distribution of band saw blade products throughout the world.

RM Sales & Solutions to represent Grobet USA

Grobet USA announced that RM Sales & Solutions will represent Grobet in California, Nevada and Arizona.

Third-quarter GDP increased 3 percent

Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the third quarter of 2017.

Grainger renews GSA contract

Grainger announced that it was awarded a follow-on Schedule 51V contract by the General Services Administration (GSA), which will enable Grainger to continue doing business with Federal government customers.

Kaman Industrial Technologies sales decline by 2.5 percent

Kaman Industrial Technologies had sales of $267.6 million for the third quarter, a decline of 2.5 percent from $274.4 million in the same period last year.

Gardner Denver revenues up 40 percent

Gardner Denver Holdings announced third-quarter revenues of $649.6 million, up 40 percent versus prior year and a 38 percent increase excluding the impact of foreign currency.

Praxair sales up 8 percent

Praxair’s sales in the third quarter were $2.92 billion, 8 percent above the prior-year quarter.

United Central names Western regional manager

United Central Industrial Supply, a wholly owned subsidiary of The United Distribution Group, has hired Daron Steinmann to the position of Western regional manager.

Lawson Products sales climb 7.8 percent

Lawson Products recorded net sales of $75.7 million for the third quarter of 2017 compared to $70.2 million in 2016, a gain of 7.8 percent.

WESCO posts 7.8 percent sales gain

WESCO International posted net sales for the third quarter of $2.00 billion, a 7.8 precent increase compared to $1.86 billion for the third quarter of 2016.

Essendant sees sales decline of 5.5 percent

Essendant's third-quarter net sales decreased 5.5 percent  to $1.3 billion compared to $1.4 billion in the prior year quarter.

Essendant names Phillips president and CEO

Essendant Inc. named Richard D. Phillips president and chief executive officer, effective immediately. 

Amazon Business launches Business Prime Shipping

Amazon Business announced the launch of Business Prime Shipping, a paid annual membership program for registered multi-user business customers in the United States and Germany.

Stanley Black & Decker sales up 14 percent

Stanley Black & Decker said its third-quarter revenues of $3.3 billion were up 14 percent compared to the same period last year.

Ingersoll Rand sales up 3 percent

Ingersoll-Rand plc reported revenues of $3.7 billion for the third quarter of 2017, up 3 percent compared to $3.6 billion in the same period last year.

Acquisitions help Timken sales soar 17.3 percent

The Timken Company reported third-quarter 2017 sales of $771.4 million, up 17.3 percent from $657.4 million in the same period a year ago.

Applied Industrial Technologies sales up 8.9 percent

Applied Industrial Technologies reported first quarter fiscal 2018 sales grew 8.9 percent to $680.7 million from $624.8 million in the same quarter a year ago.

Mixed growth for ISA members in September

The October ISA Economic Indicator Report (EIR) from the Industrial Supply Association showed mixed results for manufacturers and distributors during September.

Five companies win BSA Excellence Awards

BSA recognized two distributors and three manufacturers with its Annual BSA Excellence Awards for outstanding service by bearing distributors and bearing manufacturers to the end use customer.

3M sales climb 6 percent

3M reported third-quarter sales were $8.2 billion, up 6.0 percent year-on-year in dollar terms.

NetPlus Alliance celebrated 15 years

NetPlus Alliance marked its 15th year in business at its annual meeting in Orlando earlier this month.

Motion Industries sales up 7.1 percent

Motion Industries reported sales of $1.2 billion, a 7.1 percent increase from $1.2 billion in the third quarter of last year.

AHB Tooling acquires Westbrook Engineering division

AHB Tooling & Machinery announced the acquisition of Westbrook Engineering’s new machinery sales division, effective Oct. 2, 2017.

Motion Industries to acquire Apache Inc.

Motion Industries has entered into a definitive agreement to acquire Apache Inc., headquartered in Cedar Rapids, Iowa.

Chicago Fed National Acitivity Index rose in September

Led by improvements in production-related indicators, the Chicago Fed National Activity Index moved up to +0.17 in September from –0.37 in August.

WD-40 sales down for year

WD-40 Company said its net sales for the fourth quarter were $96.6 million, a decrease of 1 percent compared to the prior year fiscal quarter.

Snap-on sales up 8.4 percent

Snap-on Inc. reported net sales of $903.8 million increased 8.4 percent from 2016 levels, reflecting a 2.3 percent organic sales gain.

Industrial production rose 0.3 percent in September

The continued effects of Hurricane Harvey and Hurricane Irma combined to hold down the growth in total production to 0.3 percent in September.

Grainger sales up 2 percent

Grainger reported third quarter sales of $2.6 billion increased 2 percent versus the third quarter of 2016.

U.S. cutting tool increased in August

August U.S. cutting tool consumption totaled $196.23 million according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.

Winsupply opens HVAC distributor in Kansas City

Winsupply Inc. has opened a new Winsupply company in Kansas City, Missouri.

Motion Industries names VP/GM of Dallas division

Motion Industries has named Stacy Lenard vice president/general manager of the company’s Dallas division.

Nations receives Warren Pike Award

The Power Transmission Distributors Association named Andy Nations, CEO of B&D Industrial, Macon, Georgia, the 27th recipient of its Warren Pike Award for lifetime achievement in the power transmission/motion control industry.

Core & Main appoints senior leadership team members

Core & Main recently announced the appointment of two new senior leadership team members.

Distribution One introduces wireless warehouse program

Distribution One announced a new wireless warehouse tool in its family of applications for wholesale distributors called Warehouse+.

Fairmont Supply names VP and GM

Fairmont Supply announced the appointment of Tanya Lauer as vice president and general manager.

Fastenal sales up 11.8 percent

Fastenal reported net sales for the third quarter increased 11.8 percent to $1.1 billion, compared to $1.0 billion in the third quarter of 2016.

MITS names new vice president of sales

MITS, a provider of reporting and analytics solutions for distributors and manufacturers, announced the hiring of Brian Friedle as vice president of sales.

Manufacturing technology orders up in August

The expansion of manufacturing technology orders slowed in August, but continued to push recovery into its third quarter according to the latest U.S. Manufacturing Technology Orders report.

NEFCO acquires Tekk Supply

The NEFCO Corporation announced the opening of its first Florida branch in the Miami/Fort Lauderdale metropolitan area, after acquiring the operating assets of Tekk Supply Inc.

Kyocera to acquire Ryobi power tool business

Kyocera Corporation has agreed to acquire the majority of shares of a company to be established from the split of Ryobi Limited’s power tool business.

Heule Tool  adds to marketing staff

Heule Tool Corporation named Lynn Bissell sales and marketing coordinator.

Radians names VP of retail sales

Radians named Chris Massa vice president of retail sales, overseeing Radians’ expanding retail channel that provides personal protective equipment to hardware and sporting goods stores and e-commerce sites.

3M acquires Scott Safety

3M announced that it has completed its acquisition of Scott Safety from Johnson Controls for $2.0 billion.

AD launches disaster relief foundation

AD announced the formation of the AD Disaster Relief Foundation to support AD members when natural or man-made disasters strike.

NAW Institute for Distribution Excellence elects board members

The NAW Institute for Distribution Excellence has announced the election of three new members to its board of directors.

Epicor names new CEO

Epicor Software Corporation appointed Stephen Murphy, former president of OpenText, to the role of CEO.

Lawson Products acquires The Bolt Supply House

Lawson Products announced the acquisition of The Bolt Supply House Ltd., based in Calgary, Canada, for approximately CAD$40.0 million.

Winsupply acquires Certified Plumbing and Electrical Supply

Winsupply Inc. has acquired Certified Plumbing and Electrical Supply Co. Inc., based in Live Oak, Florida.

General Pipe Cleaners names new national sales manager

General Pipe Cleaners, a division of General Wire Spring, has named Dave Dunbar as national sales manager.

FCX Performance names EVP of operations

FCX Performance, a distributor of specialty process flow control products and services, has hired Theron Neese as executive vice president of operations.

Construction spending up in August

Construction spending during August 2017 was estimated at a seasonally adjusted annual rate of $1,218.3 billion, 0.5 percent above the revised July estimate of $1,212.3 billion.

Carlisle Companies to acquire Accella Performance Materials

Carlisle Companies has entered into a definitive purchase agreement to acquire Accella Performance Materials from Arsenal Capital Partners for $670 million in cash.

Manufacturing expanded in September

Manufacturing expanded in September according to the Institute for Supply Management's purchasing manager's index.

Hitachi names new VPs

Hitachi Power Tools (Hitachi Koki USA, Ltd.) announced promotions to its top level management structure effective Oct. 1.

Airline Hydraulics names new CEO

Airline Hydraulics Corporation, a regional supplier of fluid power, automation, electrical control, safety products and engineered systems, has appointed Mark Steffens as CEO.