Distribution Industry News

Turtle & Hughes Integrated Supply names new VP

Turtle & Hughes Integrated Supply (THIS) named Scott West vice president of business development and a member of the THIS executive team.

Seminar: Inventory Management for Distributors

Inventory is the largest cash asset in distribution. Are your inventory managers equipped to take on that responsibility?

BSA Excellence Awards winners named

The Bearing Specialists Association announced the winners of its 2018 BSA Excellence Awards for outstanding service by bearing distributors and bearing manufacturers to the end use customer.

Motion Industries to acquire Hydraulic Supply Company

Motion Industries has entered into a definitive agreement to acquire Hydraulic Supply Company.

Timken completes Rollon acquisition

The Timken Company announced that it has completed the previously announced acquisition of Rollon Group, a manufacturer of engineered linear motion products.

CRC announces management transition

CRC Industries announced that Perry Cozzone, formerly president of the Americas for Colorcon, a pharmaceutical product developer, has assumed the role of Global CEO of CRC Industries.

NetPlus Alliance members expect 2018 sales growth

NetPlus Alliance reports continued optimism among its members for 2018 in its quarterly Industry Outlook, based on second-quarter results.

BlackHawk acquired by investor group

Snow Phipps Group announced that it has completed its acquisition of BlackHawk Industrial Distribution Inc. from Brazos Private Equity Partners.

CGW-Camel Grinding Wheels names president

CGW-Camel Grinding Wheels announced the appointment of Mike Sullivan as president for CGW and PASCO in the U.S. and Canada.

Amazon makes good on B2B threat

An analysis by Bloomberg's Brooke Sutherland says that Amazon is making inroads into the business-to-business world, including among buyers of industrial supplies.

HD Supply names Facilities Maintenance business unit head

HD Supply announced that Bradley Paulsen has been promoted to lead the company’s Facilities Maintenance business, effective immediately.

Essendant to terminate S.P. Richards merger offer

Essendant plans to terminate a merger agreement with Genuine Parts Company's S.P. Richards in favor of a proposal from Staples Inc.

Manufacturing technology orders up by 20 percent

Manufacturing technology orders for July were up 20 percent from July 2017, yielding a year-to-date total of $2.96 billion for 2018.

Tatsoft announces settlement with Schneider Electric

Tatsoft LLC announced that it has reached a settlement agreement with Schneider Electric Software LLC and other parties that ended a long-term contractual dispute.

Mallory Safety acquires Industrial Safety

Mallory Safety and Supply announced that it has acquired Industrial Safety Supply Corporation and its three California locations in Emeryville, Stockton and Ontario.

Fastenal sales climb 13.7 percent in August

Sales for Fastenal reached $467.9 million in August, a 13.7 percent increase from $411.5 million in August 2017.

August construction jobs grow, manufacturing down slightly

Employment increased by 201,000 in August, and the unemployment rate was unchanged at 3.9 percent, the U.S. Bureau of Labor Statistics reported today.

Manufactured goods orders decreased in July

New orders for manufactured goods decreased 0.8 percent  in July to $497.8 billion, the U.S. Census Bureau reported today.

IWDC bests monthly record spend

IWDC announced that the co-op of welding distributors exceeded its charity goal and set an all-time monthly record in August with $25.2 million in member’s spend.

2Q productivity increased by 2.9 percent

Nonfarm business sector labor productivity increased 2.9 percent during the second quarter of 2018, the U.S. Bureau of Labor Statistics reported, as output increased 5.0 percent and hours worked increased 2.0 percent.

Klein Tools acquires Ergodyne

Klein Tools Inc. announced that it has acquired Ergodyne from Tenacious Holdings.

PIP Global appoints new COO

Protective Industrial Products announced the appointment of Thomas C. Fry to the position of chief operating officer.

HD Supply sales rise 18.3 percent

HD Supply Holdings reported net sales of $1.6 billion for the second quarter of fiscal 2018, an increase of 18.3 percent compared to the second quarter of fiscal 2017.

B&D Industrial acquires Western Machine Works

B&D Industrial announced the acquisition of Western Machine Works Inc. of Tacoma, Washington.

Manufacturing expanded in August

Manufacturing expanded in August as the Insitute for Supply Management purchasing index registered 61.3 percent, an increase of 3.2 percentage points from the July reading of 58.1 percent.

July construction spending 0.1 percent higher than June

Construction spending during July 2018 was estimated at a seasonally adjusted annual rate of $1.31 trillion, 0.1 percent above the revised June estimate of $1.3 trillion.