Distribution Industry News

Industrial production rose 0.9 percent in October

Industrial production rose 0.9 percent in October, and manufacturing increased 1.3 percent.

US Wire & Cable acquires Voltec

US Wire & Cable Corporation announced its acquisition of Voltec Power & Lighting Corporation and its affiliates.

STAFDA's Halvorsen remembered

STAFDA’s first executive director, Morrie Halvorsen, passed away on Oct. 31 at age 86.

Brighton Best acquires Ironclad Performance Wear

Ironclad Performance Wear Corporation announced that it has been acquired by Brighton Best International Inc. through an asset purchase.

FCX Performance acquires two distributors

FCX Performance has acquired Eads Distribution, based in Houston, and The Massey Company, headquartered in Charlotte.

North American Tool meets higher ISO standards

North American Tool, a manufacturer of special taps, dies and gages, has announced its upgraded quality certification under ISO 9001:2015 standards as of Nov. 20, 2017.

September manufacturing technology orders rise

Manufacturing technology orders in September continued their upward trend, ending the third quarter on a strong note.

Ohio Transmission acquires PK Controls

Ohio Transmission Corporation announced the acquisition of PK Controls Inc., a Plain City, Ohio-based engineering and services company that specializes in factory automation and controls.

Lariviere named president of Kaman Distribution

Kaman Corp. announced that Alphonse J. Lariviere Jr., 58, has been appointed to serve as president of the company’s distribution segment effective immediately, assuming the position previously held by Steven J. Smidler.

IBC recognizes distributors and suppliers

IBC recognized distributors and suppliers for outstanding growth and engagement with the group at its recent national meeting.

PTDA Foundation fundraising efforts surpass $300,000

Recruiting, hiring, retaining and training employees continues to be an overwhelming challenge for industrial distributors.

Barnes wins IWDC Award

Mike Barnes, president of Fresno Oxygen & Welding Suppliers in Fresno, California, received the Bob Jackson Award from distributor cooperative IWDC.

Hillman Group to acquire ST Fastening Systems

The Hillman Companies has entered into an agreement to acquire Hargis Industries LP, doing business as ST Fastening Systems, a specialty fastener manufacturer and distributor based out of Tyler, Texas.

Distribution One announces new analytics application

Distribution One unveiled an ERP-ONE+ application for wholesale distributors called  Dashboard+ that enables real-time visibility into company-wide performance.

L.H. Dottie names national sales manager

The L.H. Dottie Company announced that Roger Smith has been promoted to national sales manager.

September cutting tool consumption up compared to last year

September U.S. cutting tool consumption totaled $174.92 million according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.

Rockwell Automation sales up 8.4 percent

Rockwell Automation reported fiscal 2017 fourth quarter sales of $1.7 billion, up 8.4 percent from $1.5 billion in the fourth quarter of fiscal 2016.

Winsupply acquires APCO

Winsupply Inc. has purchased APCO Inc., a Lansing, Michigan-based broad line distributor of heating, ventilation and cooling, plumbing, and apartment maintenance supplies.

C&U Americas names Stocker president

C&U Americas has named Jason Stocker as its new president.

Fastenal posts big October sales gain

Fastenal reported sales in October of $399.7 million, a 19.2 percent increase from $335.3 million in October 2016.

Justrite acquires First Safety

Justrite announced its acquisition of First Safety Corporation, a Janesville, Wisconsin-based manufacturer of equipment designed for handling gas cylinders.

Erie Bearings becomes ErieTec

Erie, Pennsylvania-based Erie Bearings announced that it has changed its name to ErieTec.

DXP Enterprises records 9.5 percent sales gain

DXP Enterprises reported third-quarter sales increased 9.5 percent to $251.9 million, compared to $230.0 million for the third quarter of 2017.

SunSource to be acquired

Private investment firm Littlejohn & Co. announced the signing of a definitive agreement to sell SunSource to Clayton, Dubilier & Rice.

Manufacturing added 24,000 jobs in October

Manufacturing employment rose by 24,000 in October, with job gains in computer and electronic products (+5,000) and chemicals (+4,000).

RBC Bearings posts 6.7 percent sales gain

An increase in sales to industrial markets drove a 6.7 percent sales gain for precision bearing manufacturer RBC Bearings.

PFERD restructures sales regions

PFERD Inc. announced a restructuring of its sales operations into three distinct regions, east, central and west.

Cathey Company joins IDC-USA

IDC-USA announced that Lansing, Michigan-based Cathey Company has joined the distributor-owned cooperative.

F.W. Webb acquires Harbor Plumbing & Heating

F.W. Webb Company announced the acquisition of Harbor Plumbing & Heating Supply in Mamaroneck, New York.

Allied Motion revenues up 6.4 percent

Allied Motion Technologies Inc. reported that its third-quarter revenue grew 6.4 percent to $65.0 million.

Third-quarter productivity increased 3.0 percent

Productivity increased 3.0 percent during the third quarter of 2017, the U.S. Bureau of Labor Statistics reported today, as output increased 3.8 percent and hours worked increased 0.8 percent.

Jason Industries sales decline 8.6 percent

Jason Industries reported that its third-quarter net sales of $155.4 million decreased 8.6 percent from $170.1 million in last year's third quarter.

Kennametal sales up 14 percent

Kennametal Inc. posted first quarter 2018 sales of $542 million, compared with $477 million in the same quarter last year.

Cutting tool consumption higher in August

August U.S. cutting tool consumption totaled $196.23 million, up 11.6 percent when compared with $175.81 million reported for August 2016.

Continental acquires Custom Machining

Continental has acquired Custom Machining Services Inc. in order to expand its range of services for the industrial hose industry.

DistributionNOW reports smaller loss on higher sales

NOW Inc. reported third-quarter revenue of $697 million was up 34 percent year over year.

Manufacturing expansion slowed in October

Manufacturing expanded in October at a slower pace than in September according to the latest Manufacturing ISM Report On Business.

ShoreView acquires Winzer Corporation

Minneapolis-based private equity firm ShoreView Industries announced its acquistion of Winzer Corporation, a general line distributor of fasteners and consumable maintenance supplies.