Distribution Industry News
Nations earns BSA Lifetime Achievement Award
The Bearing Specialists Association (BSA) presented its Lifetime Achievement Award to Andy Nations, president and CEO of B&D Industrial.
UNK student wins ISA scholarship
The Industrial Supply Association (ISA) announced that University of Nebraska at Kearney student Taylor Beck was chosen to receive the 2013-14 Gary L. Buffington Memorial Scholarship.
Brady sales up 11%
Brady Corporation reported sales for the fiscal 2013 third quarter were up 11.0 percent to $305.7 million compared to $275.4 million in the third quarter of fiscal 2012.
Philly Fed: Factory activity slows
Manufacturing firms responding to the monthly Business Outlook Survey suggest that regional manufacturing activity weakened this month.
PTDA index rises
The 1Q13 PTDA Business Index produced a reading of 61.1, which represents a substantial increase over last quarter’s reading of 50.7.
Wajax opens Alberta branch
Wajax Industrial Components announced the opening of a branch in Redcliff, Alberta, Canada.
April industrial production lags
Industrial production decreased 0.5 percent in April after having increased 0.3 percent in March and 0.9 percent in February.
NY manufacturing conditions decline
The May 2013 Empire State Manufacturing Survey indicates that conditions for New York manufacturers declined marginally.
Timken acquires Standard Machine
The Timken Company acquired the Standard Machine business based in Saskatoon, Saskatchewan, Canada.
Manufacturing technology order rise
March U.S. manufacturing technology orders rose 3.2% to $507.91 million.
Grainger April sales up 8%
Grainger reported sales for the month of April increased 8 percent versus April 2012.
Allied Motion sales and earnings fall
Allied Motion Technologies reported first quarter net income of $960,000 or 11 cents per diluted share, compared to $1.15 million, or 14 cents, for the same period last year.
WinWholesale opens Charlotte Windustrial
WinWholesale and the Win Group of Companies announced the opening of Charlotte Windustrial.
Hardinge to acquire Forkhardt
Hardinge Inc.has entered into a definitive agreement to acquire Forkardt from Illinois Tool Works for $34 million.
Emerson sales up 1%
Emerson announced that net sales for the second quarter increased 1 percent to $6.0 billion.
Interline Brands reports loss
Interline Brands said its first quarter sales increased 21.4% to $380.8 million, but merger related expenses resulted in a loss of $1.5 million.
Fastenal April sales up nearly 10%
Fastenal said its April sales were $286.6 million, a 9.8% increase over the $261.1 million reported in April of last year.
AD sales up 4%
Affiliated Distributors said that its industrial division sales grew 4% in the first quarter of 2013 on a same store basis from $1.35 billion to $1.40 billion.
Turtle & Hughes acquires Mid-Island Electrical
Linden, N.J.-based Turtle & Hughes has acquired Mid-Island Electrical Supply, a full-service distributor of electrical products.
Graybar opens Binghamton branch
Graybar opened a new full-service branch in Binghamton, N.Y.
Newell Rubbermaid tool sales decline
Newell Rubbermaid reported that sales in its tools segment declined 1 percent for the first quarter of 2013.
No change in manufacturing jobs in April
The U.S. Bureau of Labor Statistics today reported a better than anticipated jobs report.
CGW acquires PASCO
CGW-Camel Grinding Wheels has acquired PASCO, Pacific Abrasive Supply Company of Buena Park, Calif.
Manufacturing productivity improves
Manufacturing sector productivity increased 3.8 percent in the first quarter of 2013, the U.S. Bureau of Labor Statistics reported today.
DXP Enterprises sales and earnings rise
DXP Enterprises earned first quarter net income of $13.2 million, or 87 cents per share, on sales of $290.1 million.
Airgas sales up 2%
Airgas reported fiscal fourth quarter sales were $1.26 billion, an increase of 2% over the prior year.
Applied Industrial Technologies sales up 2.7%
Applied Industrial Technologies reported third quarter fiscal 2013 sales increased 2.7% to $621.7 million.
Greenlee acquires Sherman & Reilly
Greenlee, a Textron Inc. company, announced has acquired Sherman & Reilly Inc., a manufacturer of underground and aerial transmission and distribution products based in Chattanooga, Tenn.
ISM: Manufacturing expanded in April
Manufacturing expanded in April but at a slower pace than in March, according to the Institute for Supply Management.
