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September 2015 News

CGW names new plant manager

CGW-Camel Grinding Wheels hired Fred Brutsche as its new plant manager.

Actuant sales down 15% in Q4

Actuant Corporation reported fourth quarter total sales of $300 million declined 15% year-over-year with 8% attributable to the strengthening of the U.S. dollar.

Graybar moves Harrisburg branch

Graybar announced that its Harrisburg, Pa., branch has moved to a larger, updated facility to better serve its customers.

New book from NAW on M&A for distributors

The NAW Institute for Distribution Excellence has released a brand-new research study,
Mergers and Acquisitions for Distributors: Expert Advice for Buyers and Sellers, by Brent Grover.

Goulds Pumps to terminate agreement with DXPE

Goulds Pumps Inc., a business of ITT, announced that it has won an arbitration against DXP Enterprises Inc. for violating the 2010 distribution agreement and has served notice to DXP to terminate the agreement.

Lewis-Goetz expands service to tire industry

Lewis-Goetz announced an initiative to further expand its services within the tire industry.

Armstrong realigns hand tool brands

Armstrong Industrial Hand Tools announced a realignment that will bring several other well-known industrial brands under the Armstrong Industrial Hand Tools banner.

Tencarva relocates Greenville branch

Tencarva Machinery Company announced that its Greenville, S.C. branch has been relocated to a renovated facility at 14 Park Place Court.

Chicago Fed National Activity Index down in August

Led by declines in production-related indicators, the Chicago Fed National Activity Index fell to –0.41 in August from +0.51 in July.

Hamann joins Dynabrade

Industrial abrasive power tool manufacturer Dynabrade Inc. announced the appointment of Hardy Hamann as vice president - sales and marketing.

WinWholesale becomes Winsupply

WinWholesale Inc. announced that it has changed its name to Winsupply Inc.

Applied opens Quebec City DC

Applied Industrial Technologies announced the opening of a new distribution center in Quebec City, Quebec, Canada.

IBC adds distributor and supplier

IBC announced the addition of a new distributor member and a new preferred supplier.

ISA members show mixed results in August

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

New aftermarket sales manager at Stellana

Stellana US Inc., a global manufacturer of molded polyurethane and rubber wheels and tires, named Dave Brocklehurst as North American Sales Manager-Aftermarket.

Southwire acquires Seatek

Southwire Company has purchased substantially all the assets of Stamford, Conn.-based Seatek Company Inc., a manufacturer of hand tools and motorized equipment designed to cut metal-clad and armored cables.

Kennametal to move to Pittsburgh

Kennametal Inc. announced today that it plans to relocate its world headquarters to Pittsburgh, Pa.

Industrial production down in August

Industrial production decreased 0.4 percent in August after increasing 0.9 percent in July.

Applied earns award

Applied Industrial Technologies has been selected as one of Northeast Ohio's best workplaces for top talent in 2015.

3M buys equity stake in StrongArm Technologies

3M Safety and Graphics Business Group announced a minority equity investment in StrongArm Technologies Inc., a New York-based startup focused on creating safety products for the industrial workforce.

Cline Tool opens Rockford location

Newton, Iowa-based Cline Tool announced that it has opened a branch in Rockford, Illinois.

Collier named GM of Bio-Circle North America

Walter Surface Technologies announced that Chester Collier, senior vice-president of Global Distribution has been appointed to senior vice-president and general manager of the company’s Bio-Circle North America division.

Greenlee launches ergonomics lab

Greenlee has launched what it calls an industry-first ergonomics laboratory.

ISA receives major donation for Buffington scholarship

The Industrial Supply Association announced a gift of $32,500 was received by the ISA Education Foundation for the Gary L. Buffington Memorial Scholarship.

Osborn names new director of sales

Osborn hired Joseph Langlois as its director of sales for its primary metals division.

Manufacturing technology orders down in July

July U.S. manufacturing technology orders declined 11.8% from June to $318.33 million according to AMT – The Association For Manufacturing Technology.

Grainger sales down 2% in August

Grainger reported sales for the month of August declined 2 percent versus August 2014.

Dynamic Safety USA opens

Dynamic Safety USA, based in Somerset, N.J., has officially begun servicing the needs of personal protective equipment (PPE) distributors and users throughout the United States.

U.S. cutting tool consumption down in July

July U.S. cutting tool consumption totaled $177.5 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.

HD Supply 2Q sales up 6.7 percent

HD Supply Holdings reported that its second quarter sales increased 6.7 percent to $2.0 billion.

Osborn names national account manager

Osborn has hired Larry Outtrim as a national account manager.

DXPE acquires Cortech Engineering

DXP Enterprises announced the completion of the acquisition of Cortech Engineering, LLC, a distributor of pumps and related process equipment for Southern and Central California and Southern Nevada.

Harvey Tool acquires Helical Solutions

Rowley, Mass.-based Harvey Tool Company, a provider of micro cutting tools, has acquired Helical Solutions of Gorham, Maine, a manufacturer of high-performance custom and standard end mills.

GHX Industrial acquires Anchor Industrial Sales

GHX Industrial has acquired Kernersville, N.C.-based Anchor Industrial Sales Inc.

QA1 names new director of engineering

QA1 announced that Chuck Olson has joined the QA1 team as director of engineering.

Manufacturing jobs down in August

Manufacturing employment decreased by 17,000 in August, the U.S. Bureau of Labor Statistics reported today.

Fastenal sales up 1.6% in August

Fastenal reported sales of $332.0 million in August, a gain of 1.6 percent compared to last year.

WinWholesale opens Syracuse Winsupply

Syracuse Winsupply has opened to provide wholesale heating, ventilation, air conditioning and refrigeration (HVAC) contractors in Syracuse and the central New York region.

Puma Industries becomes IBC preferred supplier

IBC announced the addition of Memphis-based, Puma Industries Inc. as its newest preferred supplier.

Productivity increased in 2Q

Manufacturing sector labor productivity increased 2.3 percent in the second quarter of 2015, as output increased 1.3 percent, and hours worked decreased 0.9 percent.

NewAge Industries appoints new executive directors

Tubing manufacturer NewAge Industries announced the promotions of Robert Volk and Michael Allard to newly-created positions.

Manufacturing growth slowed in August

Manufacturing activity slowed considerably in the month of August according to a leading economic index.

Tech Air acquires GASCO

Tech Air, a Connecticut-based distributor of industrial, medical, and specialty gases and related welding supplies, has completed the acquisition of Dallas-based Gas & Alloy Supply Co.

CribMaster announces rebranding effort

CribMaster, a provider of inventory and asset management solutions for industrial environments, introduced the company’s redesigned website and logo.