September 2011 News
Würth opens Wichita branch
Würth Service Supply recently opened its 17th branch and distribution center in Wichita, Kansas.
Actuant sales up 30%
Actuant Corporation reported consolidated sales for the fourth quarter of $403 million, 30% higher than the comparable prior year quarter.
Chicago Fed Midwest Manufacturing Index up in August
The Chicago Fed Midwest Manufacturing Index increased 0.6% in August, to a seasonally adjusted level of 85.0.
Chicago Fed National Activity Index falls
Led by declines in production and employment-related indicators, the Chicago Fed National Activity Index decreased to –0.43 in August from +0.02 in July.
SKF opens China bearing factory
SKF officially opened its second bearing factory in Dalian, northeast China.
Survey: Manufacturers anticipate growth
A survey shows that most small and mid-sized manufacturers are counting on continued economic growth for U.S. manufacturing for the rest of 2011.
Gen. McChrystal to keynote ISA 2012 Conference
The Industrial Supply Association announced that former Commander of U.S. and International Forces in Afghanistan, Gen. Stanley McChrystal, will deliver the keynote presentation at its 2012 Product Show & Conference, April 22-24 in San Antonio, Texas.
AD updates logo
Affiliated Distributors (AD), North America's largest wholesale marketing group, unveiled a new logo to coincide with the group's 30th anniversary.
ITW revenues up 16%
Illinois Tool Works Inc. reported a total operating revenue increase of 16 percent for the quarter compared to the year-ago period.
Apache Hose and Belting acquires SUI
Apache Hose and Belting Co. announced the acquisition of Hillsboro, Oregon-based Seals Unlimited Inc.
MAPI downgrades outlook somewhat
An "unsettling tumult" in manufacturing caused a modest downgrade in the economic outlook, according to the Manufacturers Alliance/MAPI.
Airgas names division presidents
Airgas announced that Ted R. Schulte has been named president - Airgas Refrigerants, and Martin Wehner has been named president - Airgas Specialty Products.
Acklands-Grainger buys Quebec distributor
Acklands-Grainger Inc. has acquired the assets of Baie-Comeau industrial distributor Fercomat Inc.
Affiliated Distributors names new ISD senior VP
Affiliated Distributors announced that it has named Jack Templin senior vice president of AD's Industrial Supply Division.
Industrial production rises
Industrial production increased 0.2 percent in August after having advanced 0.9 percent in July.
PFERD receives award
PFERD USA parent corporation August Rüggeberg GmbH & Co. was named a recipient of the Top 100 award that recognizes small and medium-sized companies in Germany.
WESCO acquires Brews Supply
WESCO Distribution's wholly-owned Canadian subsidiary has agreed to acquire Brews Supply Ltd. headquartered in Calgary, Alberta.
GHX acquires McCarty Equipment Co.
GHX Industrial announced the acquisition of McCarty Equipment Company, a distributor of hoses, fittings, valves and other products through 15 branches located in the U.S. and Edmonton, Canada.
Brady ends fiscal year with 6.4% sales gain
Brady Corporation reported sales for the year-ended July 31 were up 6.4 percent to $1.34 billion compared to $1.26 billion for the previous fiscal year.
Manufacturing technology orders post big gain
July U.S. manufacturing technology orders totaled $506.97 million, a 92.7% increase compared to July 2010.
Grainger August sales climb 10%
Grainger reported sales for the month of August increased 10 percent versus August 2010.
Audax Group acquires Elgin Fastener
Audax Group announced it has completed the acquisition of Elgin Fastener Group LLC, a Versailles, Ind., manufacturer of specialty fasteners for a diverse range of niche industrial end markets.
Tribute launches TrulinX 11.1
Tribute Inc. announced the launch of TrulinX 11.1 to further streamline distributors' business processes.
HD Supply sales up 10%
HD Supply Inc. reported net sales for the fiscal 2011 second quarter of $2.2 billion, an increase of 10.0 percent compared to the second quarter of fiscal 2010.
Beige Book: Growth in all districts
Economic activity expanded in all 12 Federal Reserve Districts, according to the most recent Beige Book report from the Federal Reserve.
PTDA Industry Summit Oct. 13-15
Top executives in power transmission and motion control (PT/MC) will converge in Washington, D.C. at the Power Transmission Distributors Association's (PTDA) 2011 Industry Summit to strengthen their business relationships and forge new ones as they grapple with and "CAPITOLize on Change."
Kaman Industrial acquires Target Electronic
Kaman Industrial Technologies has acquired the assets of Target Electronic Supply Inc., of Westwood, Mass.
Stellar Industrial achieves elite status
Stellar Industrial Supply, a Tacoma, Wash.-based distributor of MRO, safety, cutting tools and marine supplies, announced that it achieved the prestigious Sandvik Coromant Company Yellow Coat Elite Distributor status.
Unemployment rate refuses to fall
Manufacturing and construction industries both lost jobs in August, following gains in the previous month, as the nation's unemployment rate remained unchaged.
ISM: Manufacturing expanded in August
Manufacturing continued its growth in August for the 25th consecutive month, according to the latest report on manufacturing from the Institute for Supply Management.