April 2022 News

BlackHawk Industrial acquires two companies

BlackHawk Industrial has completed the acquisition of JJ Industries of Connecticut Inc. and its affiliate Jet Tool & Cutter, based in Southington, Connecticut.

Lawson Products Q1 sales up 13.8 percent

Lawson Products said that its first quarter sales increased 13.8 percent to $117.9 million compared $103.6 million in the prior year quarter.

Grainger posts 18.2 percent sales gain

Grainger reported sales of $3.6 billion for the first quarter of 2022, an increase of 18.2 percent compared to $3.1 billion in the first quarter 2021.

Applied 3Q sales up 16.6 percent

Applied Industrial Technologies reported net sales for its fiscal 2022 third quarter increased 16.6 percent to $980.7 million from $840.9 million in the prior year.

Galco opens new Michigan DC

Galco Industrial Electronics, a global distributor of industrial electronic components, celebrated the grand opening of its new distribution center in Madison Heights, Michigan.

AD appoints new president of Electrical and Industrial business unit

AD announced that Marisol Fernandez will return to the company as president of its Electrical and Industrial Business Unit, effective June 8, 2022.

Kimball Midwest Wins 10th Top Workplaces Award

Columbus, Ohio-based Kimball Midwest has been named one of Central Ohio’s Top Workplaces for 2022.

February cutting tool consumption up 12.8% from last year

February 2022 U.S. cutting tool consumption totaled $167.6 million, an increase of 4.8 percent from January's $159.9 million and up 12.1 percent compared with the $149.5 million reported for February 2021.

Slight decrease in economic growth in March

The Chicago Fed National Activity Index moved down to +0.44 in March from +0.54 in February.

PTDA raises $120K of fund raising goal

The PTDA Foundation raised nearly $120,000 of its 2022 fundraising goal during the first three months of its 2022 Fund Drive campaign.

New South Construction Supply to acquire American Contractors Supply

New South Construction Supply has signed a letter of intent to acquire American Contractors Supply.

AD wins Top Workplace award

For the fourth consecutive year, AD has been recognized as a Top Workplace in the Delaware Valley.

Industrial Service Solutions introduces e-commerce portals

Industrial Service Solutions introduced new e-commerce portals for industrial components, spares and consumables, with more than 250,000 products available for purchase online.

Snap-on sales up 7.1 percent

Snap-on reported net sales of $1.1 billion in the first quarter of 2022 increased by 7.1 percent from $1.0 billion in the same period in 2021.

Motion Industries Q1 sales up 33.6 percent

First-quarter sales for Motion Industries were $2.0 billion, up 33.6 percent from the first quarter of 2021, and representing 38 percent of total company revenues.

Diversified CPC International names president/COO

Diversified CPC International has appointed David Burks president and chief operating officer (COO).

Air Compressor Solutions opens Albuquerque office

Air Compressor Solutions, a provider of heavy-duty air compressors, portable generators, and light towers, has opened a new location in Albuquerque, New Mexico.

Milwaukee Tool opens Chicago technology office

Milwaukee Tool announced the opening of Milwaukee Tool – Chicago to serve as an engineering design and innovation space to accommodate the company’s continued investments into new technology.

PTDA to hold Canadian conference in June

The Power Transmission Distributors Association (PTDA) will convene for the PTDA 2022 Canadian Conference in Montreal, June 7–9.

Evergreen Marketing recognizes top members and suppliers

The Evergreen Marketing Group has recognized five distributor members and five manufacturer partners as 2021 Member or Preferred Supplier of the Year.

MSC names chief digital information officer

MSC Industrial Supply has named John Hill senior vice president and chief digital information officer.

MSC wins ISA Innovation Impact Award

MSC Industrial Supply Co. was awarded the ISA 2021 Innovation Impact Award People’s Choice at ISA22.

Fastenal Q1 sales up 20.3 percent

Fastenal's first-quarter sales of $1.7 billion increased by 20.3 percent from $1.4 billion in the first quarter of 2021.

Endries International acquires Old Dominion Fasteners 

Endries International has acquired certain assets of Old Dominion Fasteners Inc.

Karl Weiler receives John J. Buckley Lifetime Achievement Award

Weiler Abrasives announced that Karl M. Weiler, former president, has received the John J. Buckley Lifetime Achievement Award from the Industrial Supply Association (ISA).

ISA kicks off ISA22

While smaller in number than at previous conventions, there was an air of excitement among the 650 or so attendees on day one of ISA22, the annual convention of the Industrial Supply Association.

B&D Industrial names head of IIoT solutions

B&D Industrial has hired John Finnegan to lead B&D’s emergent industrial internet of things (IIoT) solutions.

Manufacturing technology orders up in February

Manufacturing technology orders totaled $479.3 million in February 2022, an increase of 9 percent from January 2022 and up 27 percent from February 2021. 

Grainger named to best company to work for list

Grainger as been named one of the Fortune's 100 Best Companies to Work For in 2022.

Lawson Products names SVP of corporate development

Lawson Products has appointed Matt Boyce to the position of senior vice president of Corporate Development.

IWDC sets record monthly spend

After setting a record for sales in 2021, the Independent Welding Distributors Cooperative sets an all-time monthly record in March with $35.4 million in members' spend.

AD Bearings & Power Transmission Awards given

During its first in-person North American Meeting in two years, the AD Bearings & Power Transmission division held a special ceremony to celebrate the achievements of its members and supplier partners.

White Cup launches distributor CRM

White Cup has launched White Cup CRM, a comprehensive Customer Relationship Management (CRM) solution designed for distributors.

Continental partners with WarehouseTWO

Continental has partnered with WarehouseTWO to establish a new inventory-sharing program designed to benefit Continental SELECT Distributor Network members.

Winsupply acquires Williams Wholesale Supply

Winsupply Inc. has completed the purchase of all three Williams Wholesale Supply locations.

Core & Main to acquire Lock City Supply

Core & Main has agreed to acquire Lock City Supply Inc., a full-service distributor of water and wastewater products, based in Lockport, New York.

January cutting tool consumption up by 10.5 percent

January 2022 U.S. cutting tool consumption totaled $159.9 million, a 10.5 percent increase compared with the $144.8 million reported for January 2021.

Lawson Products names new president

Lawson Products announced the appointment of Cesar Lanuza as president and chief executive officer of Lawson’s operating company, and the retirement of president and CEO Michael G. DeCata.

AD Bearings & Power Transmission Spotlight

The AD Bearings & Power Transmission division gathered for its annual North American Meeting on March 8-11, giving AD members and supplier partners a chance to celebrate a year of extraordinary growth and look ahead to new opportunities.

Echelon Supply acquires Berg-Nelson

Echelon Supply and Service (ESS), backed by HCI Equity Partners, has acquired Berg-Nelson Company Inc.

Solve Industrial Motion acquires SST Bearing

Solve Industrial Motion Group has acquired SST Bearing Corporation, a supplier and manufacturer of bearings and power transmission components.

Manufactured goods orders declined in February

New orders for manufactured goods decreased 0.5 percent in February to $542.0 billion.

Lawson Products completes TestEquity and Gexpro merger

Lawson Products has completed its strategic combination with TestEquity and Gexpro Services in all-stock merger transactions creating a specialty distribution platform under a holding company structure.

Allied Machine and Engineering launches interactive tool

Allied Machine and Engineering announced the launch of its online digital platform, Allied’s Interactive Experience.

Manufacturing slowed in March

Manufacturing activity slowed in March, as the Institute for Supply Management's monthly manufacturing index fell to a reading of 57.1 last month from 58.6 in February.

Factory and construction employment improved in March

Manufacturing added 38,000 jobs in March, while construction employment grew by 19,000 jobs.

February construction spending grew by 0.5 percent

Construction spending during February was estimated at a seasonally adjusted annual rate of $1,704.4 billion, 0.5 percent above the revised January estimate of $1,695.5 billion.