Distribution Industry News

Weiler wins ISA Innovation Award

Weiler Abrasives received the People's Choice Innovation Impact Award at the 2019 Industrial Supply Association convention on April 8.

Industrial production declined in March

Industrial production edged down 0.1 percent in March after edging up 0.1 percent in February.

Eaton completes Ulusoy Elektrik acquisition

Eaton has completed the acquisition of Ulusoy Elektrik, a manufacturer of medium voltage electrical equipment based in Ankara, Turkey.

Wynnchurch Capital rebrands industrial distribution platform

Wynnchurch Capital announced that it has rebranded its industrial distribution platform as Midland Industries.

Fastenal sales climb 10.4 percent

Fastenal said its first quarter sales of $1.31 billion increased 10.4 percent from $1.2 billion in the first quarter of 2018.

Wajax CFO resigns

Wajax Corporation announced the resignation of Darren Yaworsky, senior vice president, finance and chief financial officer, for personal reasons.

MSC sales up 7 percent

MSC Industrial Supply reported net sales of $823 million for the fiscal second quarter were up 7 percent compared to $769 million in the same period last year.

CleanSpace Technology names regional sales manager

CleanSpace Technology, a manufacturer of respiratory protection equipment, announced the addition of David Schuck as Eastern regional sales manager for U.S. and Canada.

Fairmont Supply supports charitable efforts

Through its corporate outreach program, Fairmont Supply has supported more than 15 community-based near its Washington County Pennsylvania headquarters and beyond.

February cutting tool consumption up compared to last year

February 2019 U.S. cutting tool consumption totaled $205.6 million according to the U.S. Cutting Tool Institute and AMT – The Association For Manufacturing Technology.

OTC acquired by Genstar Capital

Genstar Capital announced the acquisition of Ohio Transmission Corporation (OTC), an industrial automation equipment distributor and technical service provider.

Manufacturing technology orders declined in February

Manufacturing technology orders totaled $337.2 million in February 2019, a 15 percent decline from January and a seven percent decline from February 2018.

Ingersoll Rand names new general counsel

Ingersoll Rand announced Evan Turtz as senior vice president and general counsel, effective immediately.

SureWerx names Canada VP/GM

SureWerx appointed Richard Ayuen as vice president and general manager of SureWerx Canada.

PIP acquires QRP Gloves

Protective Industrial Products has acquired QRP Gloves Inc., headquartered in Tucson, Arizona.

Factory jobs decline, construction jobs increase

Construction jobs grew in March but manufacturing employment declined during the month according to the U.S. Bureau of Labor Statistics.

The Drake Group merges with AD

AD announced the merger of The Drake Group LLC and AD’s Building Materials Division to form the AD Gypsum Supply Division.

Grabber Construction Products names new president/CEO

Grabber Construction Products appointed Robert Waterhouse as the company’s new president and chief executive officer, effective April 15, 2019.

Snap-on acquires Power Hawk Technologies

Snap-on Incorporated has acquired Power Hawk Technologies Inc. for approximately $8 million in cash.

NetPlus Alliance purchases up 27 percent

NetPlus Alliance reported a 27 percent increase in group purchases during 2018.

Justrite acquires Accuform

Justrite Safety Group has acquired Accuform Manufacturing Inc., a manufacturer of facility safety identification products.

Carlisle Companies acquires MicroConnex

Carlisle Companies announced the acquisition of MicroConnex, a manufacturer of microminiature flex circuits and sensors for the medical and test & measurement markets.

Eaton names Ruiz head of Hydraulics Group

Eaton announced that Paulo Ruiz has been named president, Hydraulics Group, effective April 1, 2019.

AD completes IDI merger

AD announced the completion of the merger with IDI Independent Distributors Inc., effective April 1, 2019.

Bullard acquires Darix

Bullard announced the acquisition of Switzerland-based Darix, a provider of smart-glasses for industrial and commercial safety and emergency responder applications.

Starrett names new director of sales

The L.S. Starrett Company announced the appointment of Jon-Michael Raymond as director of sales, North America, Industrial Products.

Jason Industries acquires Schaffner Manufacturing

Jason Industries has acquired Schaffner Manufacturing Company Inc., a manufacturer of polishing and finishing products, in an all cash transaction valued at $11 million.

Manufacturing expanded in March

U.S. manufacturing expanded in March after a decline in February, according to the Institute for Supply Management.

supplyFORCE announces award winners

supplyFORCE recognized member distributors and manufacturer partners at its annual supplyFORCE National Meeting.

Martin Supply acquires Marshal Safety

Martin Supply, a subsidiary of Martin Inc., announced the acquisition of Marshal Safety Inc. located in Evansville, Indiana.

Timken acquires Diamond Chain

The Timken Company has acquired The Diamond Chain Company from Amsted Industries.