August 2021 News

Distributors charged in bribery and theft scheme

by Rich Vurva, Industrial Supply

Two distributors have been charged in a bribery and theft scheme involving the Southeastern Pennsylvania Transportation Authority (SEPTA) Bridges and Buildings Department.

Ace Hardware to open new retail support center

Ace Hardware Corporation announced plans to open a new Retail Support Center (RSC) in Visalia, California.

Jon-Don acquires Dynamic Diamond Tooling

Jon-Don announced the recent acquisition of Dynamic Diamond Tooling (DDT).

Turtle & Hughes releases sustainability report

Turtle & Hughes released its 2021 ESG Report with a commitment to drive sustainability throughout its business, and proven environmental solutions for customers, employees and suppliers.

Pelican Products names CIO

Pelican Products Inc. has hired Shree Khare to its senior leadership team as chief information officer.

Milwaukee Tool to open new Mississippi plant

Milwaukee Tool announced plans to open a new manufacturing facility in Clinton, Mississippi.

Ritz Safety acquires Abco Safety

Dayton, Ohio-based Ritz Safety has acquired Abco Safety, based in Cincinnati.

Cutting tool orders rose 20.5 percent in June

June 2021 U.S. cutting tool consumption totaled $172.1 million, up 20.5 percent when compared with $142.9 million reported for June 2020.

DSG to open new facility

Dakota Supply Group (DSG) has announced plans to open a new branch in Rogers, Minnesota, in December 2021.

Global Industrial names chief merchandising officer

Global Industrial Company announced the appointment of Alex Tomey to the newly created position of senior vice president and chief merchandising officer.

Chicago Fed National Activity Index increased in July

Led by improvements in production-related indicators, the Chicago Fed National Activity Index increased to +0.53 in July from –0.01 in June.

Valin acquires Sun Automation

Valin Corporation has acquired Sun Automation Inc. located in Chandler, Arizona, strengthening Valin’s automation product portfolio.

Guardair appoints Psholka director of operations

Guadair Corporation has named Rob Psholka the new director of operations.

Jansen named president of Quality Electric Distribution

Sonepar USA announced that Scott Jansen will be promoted to president of Quality Electric Distribution (QED) from his current position as vice president, QED sales and marketing, effective Sept. 1.

Applied Industrial Technologies acquires R.R. Floody Company

Applied Industrial Technologies has acquired R.R. Floody Company Inc., a provider of automation products, services and engineered solutions.

Optimas Solutions promotes Harms

Optimas Solutions has promoted chief operating officer Daniel Harms to president, Optimas Americas.

Ward named Evergreen CEO

The Evergreen Marketing Group board of directors has named William W. Ward as chief executive officer effective Sept.1.

Industrial production increased 0.9 percent in July

Industrial production increased 0.9 percent in July after moving up 0.2 percent in June.

Home Depot sales increase 8.1 percent

The Home Depot reported sales of $41.1 billion for the second quarter of fiscal 2021, an increase of 8.1 percent from $38.0 billion in the second quarter of fiscal 2020.

STAFDA issues update on October convention

STAFDA is moving forward with plans to hold its annual convention in Orlando Oct. 24-26 despite an increase in COVID-19 cases.

DXP Enterprises Q2 sales up 13.6 percent

DXP Enterprises reported sales of $285.5 million for the second quarter of 2021, an increase of 13.6 percent compared to $251.4 million for the second quarter of 2020.

Airline Hydraulics acquires Hy-Performance Hydraulics

Airline Hydraulics has acquired Hy-Performance Hydraulics, a husband-and-wife team specializing in on-site repairs of hydraulic equipment throughout New York, Pennsylvania, Ohio, and Michigan since 2013.

Foth joins Rivet|MRO

Kristen Foth, formerly marketing communications manager for ITW Pro Brands, has joined Rivet|MRO as director of marketing services.

Kaman Distribution Group celebrates 50 years

Kaman Distribution, a value-added distributor of bearings, power transmission, automation, and fluid power products, celebrates its milestone of 50 years in business.

Productivity increased by 2.3 percent in Q2

Productivity increased 2.3 percent in the second quarter of 2021, as output increased 7.9 percent and hours worked increased 5.5 percent.

Manufacturing technology orders improved in June

Orders for manufacturing technology totaled $490.3 million in June 2021, a 9 percent increase over May 2021 and a 42 percent increase over June 2020.

Factory, construction and mining jobs increase in July

Job increases in manufacturing, construction and mining helped boost overall employment nationwide in July.

Atlas Copco acquires centrifugal pump manufacturer

Atlas Copco has acquired CPC Pumps International Inc., which specializes in the design, manufacturing, and servicing of custom-engineered, mission critical centrifugal pumps.

Fastenal July sales increase by 4.7 percent

Fastenal reported sales of $491.7 million in July, a 4.7 percent increase from $469.5 million in July 2020.

WESCO International sales nearly double

WESCO International reported net sales were $4.6 billion for the second quarter of 2021 compared to $2.1 billion for the second quarter of 2020, an increase of more than double due to the merger with Anixter.

RBC Bearings sales decline

RBC Bearings said its net sales for the first quarter of fiscal 2022 were $156.2 million, a decrease of 0.2 percent from $156.5 million in the first quarter of fiscal 2021.

Allied Motion sales climb by 17 percent

Allied Motion Technologies reported that its second-quarter revenue increased 17 percent to $101.5 million, driven by strong demand in the vehicle and industrial markets.

Martin Inc.: One of the Best Companies to Work for in Alabama

Martin Inc. was recently named one of the Best Companies to Work for in Alabama by Business Alabama and Best Companies Group.

NOW Inc. posts 8.1 percent sales gain

NOW Inc. posted revenues of $400 million for the second quarter of 2021, an 8.1 percent increase from $370 million in the same quarter last year.

Optimas Solutions launches truck and bus service program

Optimas Solutions announced the launch of a Heavy Duty Truck and Bus Service Center Program.

Beltservice Corp. to acquire Universal Belting Resource

Beltservice Corporation, a St. Louis-based fabricator and wholesaler of conveyor belt products, has agreed to acquire Universal Belting Resource from umulus Companies Inc.

Global Industrial sales up by 12.6 percent

Global Industrial Company said its second-quarter consolidated sales increased 12.6 percent to $272.6 million compared to $242.1 million last year.

Eaton sales increase 35 percent

Company completes sale of hydraulics business

Eaton said it second-quarter sales were $5.2 billion, a 35 percent increase from the second quarter of 2020.

Kennametal Q4 sales rise 36 percent

Kennametal reported fourth-quarter fiscal 2021 sales were $516 million compared with $379 million in the same quarter last year, a 36 percent increase.

Timken sales jump 32.3 percent

The Timken Company reported second-quarter 2021 sales of $1.06 billion, up 32.3 percent from $803.5 million in the same period a year ago.

AD six-month sales up 30 percent

AD reported that member sales in the first six months of 2021 were $28.1 billion, an increase of 30 percent across its 13 divisions and three countries.

Manufacturing growth slowed in July

Manufacturing grew for the 14th consecutive month in July, but at a slower pace than in June.

June construction spending tops May

Construction spending during June 2021 was estimated at a seasonally adjusted annual rate of $1,552.2 billion, 0.1 percent above the revised May estimate of $1,551.2 billion.

Grainger's 2Q sales up 13.1 percent

Grainger's second-quarter sales of $3.2 billion were up 13.1 percent from $2.8 billion compared to the second quarter 2020.