August 2018 News

Mayhew Tools names plant manager at plastics division

Mayhew Steel Products named Lam Nguyen plant manager of the company’s Basque Plastics Division in Westminster, Massachusetts.

Motion Industries names VP of marketing

Motion Industries announced the promotion of Pamela Sims to vice president of marketing, effective Sept. 1.

2Q GDP growth at 4.2 percent

Real gross domestic product increased at an annual rate of 4.2 percent in the second quarter of 2018, according to the "second" estimate released by the Bureau of Economic Analysis.

Wolseley Industrial acquires Action Automation

Wolseley Industrial Group announced the acquisition of Action Automation.

Mendota Group acquires DRIV-LOK

The Mendota Group, in partnership with Capital for Business and Konza Valley Capital Inc., has acquired DRIV-LOK.

CSV Marketing names regional and marketing manager

CSV Marketing Inc. announced the appointment of Beck Oberholtzer as regional and marketing manager.

Kennametal names CTO

Kennametal Inc. appointed Carlonda R. Reilly, Ph.D., to the position of vice president and chief technology officer, effective Sept. 6.

PIP expands marketing team

Protective Industrial Products announced the addition of two people to its marketing team.

PTDA member sales accelerating

The first quarter 2018 Sales History & Outlook Report released by the Power Transmission Distributors Association indicates the average PTDA distributors’ index for total sales during 1Q18 was up 5.5 percent from the year-ago level and is growing at an accelerating pace.

Economic growth moderates in July

Led by slower growth in production-related indicators, the Chicago Fed National Activity Index declined to +0.13 in July from +0.48 in June. 

Air Products acquires Rotoflow

Air Products has acquired the Rotoflow turboexpander business from Baker Hughes, a GE company.

Actuant names new VP

Actuant Corporation announced that Barbara G. Bolens has joined Actuant as its vice president of corporate strategy, investor relations and communications.

Bill Weisberg reflects on AD's new ownership structure

by Rich Vurva

Like many owners of privately held AD member companies, chairman and CEO Bill Weisberg realized the importance of having a succession plan.

NewAge Industries completes plant expansion

Tubing manufacturer NewAge Industries and its AdvantaPure division recently completed renovation of 43,000 sq. ft. of existing space at the company’s headquarters near Philadelphia.

AD transitions to member ownership

AD announced the completion of the transition of ownership from long-time chairman and CEO, Bill Weisberg, to the buying group’s distributor members.

Motion Industries announces death of president and CEO

Motion Industries Inc. announced the sudden passing of its president and CEO, Tim Breen. He was 58 at the time of his death.

Tech Air acquires three distributors

Tech Air announced its acquisition of Speed Industrial Supply of Kemah, Texas, a distributor of industrial and welding supplies.

Southwire acquires Garvin Industries

Southwire announced the acquisition of Garvin Industries of Franklin Park, Illinois, a 120-year-old manufacturer of electrical, lighting and low-voltage products.

Emerson names Automation Solutions president

Emerson announced that Lal Karsanbhai will succeed Michael Train to become executive president of Emerson Automation Solutions, effective Oct. 1.

Core & Main acquires Finish Line Systems

Core & Main has completed the acquisition of select assets of Finish Line Systems, a Denver-based distributor of water meters, meter reading systems and accessories.

Osborn named official abrasive of Lucas Oil Raceway

Osborn has been named the official abrasive of Lucas Oil Raceway at Indianapolis, track officials announced.

Second-quarter productivity increased 2.9 percent

Nonfarm business sector labor productivity increased 2.9 percent during the second quarter of 2018, the U.S. Bureau of Labor Statistics reported today, as output increased 4.8 percent and hours worked increased 1.9 percent.

Emerson president and COO to retire

Emerson announced that Edward L. Monser, who has served as president since 2010 and as chief operating officer from 2001-2015, will retire Oct. 1.

Home Depot sales up 8.4 percent

The Home Depot reported sales of $30.5 billion for the second quarter of fiscal 2018, an 8.4 percent increase from the second quarter of fiscal 2017.

Kennametal names CFO

Kennametal appointed Damon Audia to the position of vice president and chief financial officer effective Sept. 24.

MCA Associates named IDCO supplier

IDCO Co-op announced that MCA Associates is now an endorsed service supplier for the co-op that serves independent distributors of hose, fittings, gaskets, rubber materials and related products.

Winsupply opens Texas and Tennessee locations

Winsupply Inc. has opened new locations in Kerrville, Texas, and Chattanooga, Tennessee.

June manufacturing technology orders rise 5 percent

Manufacturing technology orders capped the first half of the year with another strong month in June, gaining 5 percent compared to June 2017 and bringing the annual growth rate to 22 percent for 2018.

Applied 4Q sales up 31.7 percent

Applied Industrial Technologies reported net sales for its fiscal fourth quarter were $897.7 million, an increase of 31.7 percent compared with $681.5 million in the same quarter a year ago.

Kaman Distribution sales rise 3.9 percent

Kaman Industrial Technologies posted sales of $289.5 million for the second quarter, a 3.9 percent improvement from $278.7 million in the same quarter last year.

DXP Enterprises sales climb 24.1 percent

DXP Enterprises reported second-quarter sales increased 24.1 percent to $311.2 million, compared to $250.7 million for the second quarter of 2017.

DPA Buying Group recognizes award winners

DPA Buying Group announced the winners of its Distributor and Supplier of the Year designations and also handed out its Industrial Excellence Award.

Turtle & Hughes opens regional distribution center

Turtle & Hughes has opened a new 45,760 square foot regional distribution center (RDC) to support daily delivery to the five boroughs of New York City.

Fastenal sales climb 17.6 percent in July

Fastenal reported sales in July of $411.6 million, a 17.6 percent gain from $349.9 million in July 2017.

Regal Beloit sales increase 10.4 percent

Regal Beloit said its net sales of $959.7 million in the second quarter increased 10.4 percent from the prior year.

Emerson posts 10 percent sales gain

Emerson reported net sales for its third quarter of $4.5 billion, an increase of 10 percent compared to the same period last year.

Kennametal fiscal 2018 sales up 15 percent

Kennametal announced sales for fiscal 2018 were $2.36 billion, compared with $2.05 billion last year.

RIDGID names marketing director of underground technologies

Tim Dunphy has been named marketing director of underground technologies for RIDGID in Elyria, Ohio.

Baldwin Supply opens new WI branch

Baldwin Supply Company announced the opening of a 12,000-square foot facility in Greenville, Wisconsin.

37,000 manufacturing jobs added in July

Manufacturing added 37,000 jobs in July, with most of the gain in the durable goods component.

Allied Motion revenues soar 33 percent

Allied Motion Technologies reported second quarter revenue increased 33 percent to a record $80.0 million, driven primarily by organic growth.

Gardner Denver 2Q revenues up 15 percent

Gardner Denver announced second-quarter revenues of $668.2 million were up 15% compared to the prior year.

Manufactured goods orders increased in June

New orders for manufactured goods increased by 0.7 percent in June to $501.7 billion, the U.S. Census Bureau reported today.

Jason Industries reports loss

Jason Industries reported second-quarter net sales of $168.4 million decreased 2.3 percent.

RBC Bearings sales increase by 7.4 percent

RBC Bearings reported net sales for the first quarter of fiscal 2019 were $176.0 million, an increase of 7.4 percent from $163.9 million in the first quarter of fiscal 2018.

WESCO sales up 10.2 percent

WESCO International said its second-quarter net sales were $2.1 billion, an increase of 10.2 percent compared to $1.9 billion for the second quarter of 2017.

Alaska Rubber Group joins IDCO

IDCO Co-op announced the addition of Alaska Rubber Group to the co-op of distributors of hose, fitting, gaskets, rubber materials and related products.

Manufacturing expanded in July

Manufacturing expanded in July as the Institute for Supply Management's purchasing index registered 58.1 percent, a decrease of 2.1 percentage points from the June reading of 60.2 percent.