December 2018 News

Chicago Fed National Activity Index shows growth

Led by improvements in production-related indicators, the Chicago Fed National Activity Index increased to +0.22 in November from a neutral reading in October.

Weiler names new director of sales - west

Weiler Abrasives announced the promotion of Jennifer Hawkins to director of sales – West.

SureWerx acquires Jackson Safety and Wilson Safety

SureWerx has acquired the Jackson Safety and Wilson Safety brands from Kimberly-Clark Professional, a global supplier of workplace products and solutions.

Motion Industries names new president

Motion Industries announced the promotion of Randall (Randy) P. Breaux to president on Dec. 12, 2018.

Stellana names new marketing coordinator

Stellana US Inc., a global manufacturer of molded polyurethane and rubber wheels and tires, welcomes Kerry Stilling as marketing coordinator.

LKCM Headwater to increase equity in Lawson Products

LKCM Headwater Investments has agreed to acquire the remaining 1.7 million shares of Lawson Products common stock owned by Dr. Ronald Port and James Errant.

Industrial production rose in November

Industrial production rose 0.6 percent in November after moving down 0.2 percent in October.

Horizon Solutions to acquire N.H. Bragg

Horizon Solutions LLC has signed an agreement to purchase New England-based, privately-held N. H. Bragg. The transaction is scheduled to close on Jan. 1, 2019.

Absolute Air to build air separation plant

Absolute Air announced plans to build a merchant air separation plant (ASP) to serve its partners and customers in the upper Midwest area.

Breaux named president of Motion Industries

Genuine Parts Company announced the promotion of Kevin E. Herron to president of the U.S. Automotive Parts Group and Randall P. Breaux to president of Motion Industries.

MSC's Wright resigns

MSC Industrial Supply announced that Dave Wright, senior vice president of sales & customer success, has resigned to pursue another opportunity.

DDS moves into new offices

DDS (Distributor Data Solutions), an e-commerce product content provider serving the wholesale distribution industry, has moved to a new office space in downtown Salt Lake City.

Emerson acquires A.E. Valves

Emerson has acquired Advanced Engineering Valves, a manufacturer of innovative valve technology that helps LNG customers operate more efficiently.

Endries International acquired by MSD Partners

Endries International announced that MSD Partners and Endries management have acquired Endries from Nautic Partners, a middle market private equity firm.

Allied Motion acquires TCI

Allied Motion Technologies Inc. has acquired TCI LLC, a developer and manufacturer of active (electronic) and passive (magnetic) products for $64.1 million.

Weiler appoints abrasive specialists

Weiler Abrasives announced two new positions within the company to serve key metal fabrication industries.

October manufacturing technology orders totaled $467 million

Manufacturing technology orders totaled $467 million in October, capping a three-month total of $1.6 billion since August.

Manufacturing employment rises in November

Manufacturing added 27,000 jobs in November, with increases in chemicals (+6,000) and primary metals (+3,000).

PFERD names successor to Huegin

PFERD INC. announced the appointment of Mariano Presas as president - Americas effective Aug. 31, 2019.

Tech Air acquires Scully Welding Supply

Tech Air has acquired Scully Welding Supply Corporation and Scully Propane Service Corp of Collingdale, Pennsylvania.

HD Supply sales climb 17.7 percent

HD Supply reported net sales of $1.6 billion for the third quarter of fiscal 2018, an increase of 17.7 percent compared to the third quarter of fiscal 2017.

Singer Equities acquires Connectall

Singer Equities Inc. has acquired Connectall Ltd headquartered in Laval, Quebec, Canada.

Manufacturing expanded in November

Manufacturing expanded in November, as the ISM purchasing manager's index registered 59.3 percent, an increase of 1.6 percentage points from the October reading of 57.7 percent.

Permatex names new VP and general manager

Permatex announced several organizational changes in its Automotive Aftermarket (AAM) Group.

October construction spending dips

Construction spending during October was estimated at a seasonally adjusted annual rate of $1,308.8 billion, 0.1 percent below the revised September estimate of $1,310.8 billion