Distribution Industry News

NetPlus Alliance recognizes award winners

NetPlus Alliance presented its annual member awards at its fifth-annual meeting Oct. 7-9 in Phoenix, Arizona.

Walter Surface Technologies makes executive appointments

Walter Surface Technologies named Marc-André Aubé CEO and David Wright vice president corporate development.

Index points to moderating growth in September

The Chicago Fed National Activity Index decreased to +0.17 in September from +0.27 in August.

Lawson Products opens new Bolt Supply branch

Lawson Products announced the opening of a new The Bolt Supply House branch in Vancouver, British Columbia.

Rockford Systems to move headquarters

Rockford Systems announced plans to move its headquarters into a new, larger facility located at 5795 Logistics Parkway in Rockford, Illinois.

Snap-on sales down slightly

Snap-on Incorporated said its third-quarter net sales of $898.1 million were down $5.7 million, or 0.6%, from 2017 levels.

Insite Software updates B2B commerce platform

Insite Software has released InsiteCommerce 4.4.4, the latest version of its B2B commerce suite of products.

ERIKS North America names new president

ERIKS North America announced the appointment of Shawn Courtney as its new president and chief executive officer, effective Nov. 1, 2018.

Grainger 3Q sales up 7.4 percent

Grainger reported third-quarter sales of $2.8 billion increased 7.4 percent versus $2.6 billion in the third quarter of 2017.

Textron names president of Industrial Segment

Textron announced that Scott Ernest, president and CEO of Textron Aviation Inc. since 2011, has been named president and CEO of Textron’s Industrial Segment and of Textron Specialized Vehicles Inc.

CRC Industries celebrates 60 years

CRC Industries, a supplier of specialty chemicals for maintenance, repair and operations professionals and do-it-yourselfers, is celebrating its 60th anniversary.

Wildeck names VP of operations

Wildeck Inc. has named Daniel Lorenz vice president of operations, responsible for managing Wildeck’s manufacturing department and supporting the organization’s strategic growth goals.

Brighton-Best Proferred brands receive award

Brighton-Best International received two Pro Tool Innovation Awards for products from its new Proferred line.

Fastenal sales up 13 percent

Fastenal reported third-quarter net sales of $1.28 billion increased 13 percent from $1.13 billion in the same period last year.

Motion Industries acquires Hydraulic Supply Company

Motion Industries completed its previously announced acquisition of Hydraulic Supply Company (HSC), a Miami area distributor with 30 locations in the Southeast United States.

Hyde IBS names VP of sales

Hyde Industrial Blade Solutions (IBS) announced that Michael Castner has been appointed vice president of sales.

Manufacturing and construction job growth continues

The manufacturing and construction industries showed jobs gains during the month of September, according to monthly employment data from the U.S. Bureau of Labor Statistics.

F.W. Webb acquires Palace Plumbing & Heating

F.W. Webb Company announced the acquisition of Palace Plumbing & Heating Supply, a wholesale distributor with locations in Manhattan and the Bronx.

Radians expands garment facility

Radians has completed construction of a new warehouse facility, increasing square footage by almost 50 percent.

DDI System releases Inform Version 19

DDI System announced the release of Inform Version 19, adding new features, improving performance and offering even greater ease-of-use.

Ohio Transmission acquires Tape Industrial

Ohio Transmission Corporation announced the acquisition of Tape Industrial Sales Inc.

August construction spending edges up

Construction spending during August was estimated at a seasonally adjusted annual rate of $1,318.5 billion, 0.1 percent above the revised July estimate of $1,317.4 billion.

Pittman Industrial Marketing to rep North American Tool

North American Tool announced that Pittman Industrial Marketing has been chosen as the independent manufacturer representative for North American Tool’s line of special taps, thread mills, dies, and gages for the Southeast region.

Manufacturing expands at slower pace in September

Manufacturing expanded in September at a slower rate than in August.

Milwaukee Tool acquires Imperial Blades

Milwaukee Tool announced the acquisition of the Imperial Blades business based in Sun Prairie, Wisconsin.

Lawson Products acquires Screw Products

Lawson Products announced the acquisition of Screw Products Inc. (SPI), a Dallas-based distributor of bulk industrial products.

IDC-USA merges with AD

AD announced the merger with IDC-USA, effective Jan. 1, 2019, bringing together the two largest independent bearings & power transmission buying/marketing groups in the United States.