December 2019 News

WESCO sweetens Anixter offer

WESCO International has delivered an improved proposal to the Anixter International board of directors to acquire Anixter for $93.50 per share in cash and stock.

WESCO makes offer to acquire Anixter

WESCO International confirms that it is seeking to acquire Anixter International and has most recently made an offer valued at $90 per Anixter share.

Chicago Fed National Activity Index rose in November

Led by improvements in production-related indicators, the Chicago Fed National Activity Index rose to +0.56 in November from –0.76 in October.

Barnes Group to sell Seeger-Orbis business

Barnes Group Inc. has entered into a definitive agreement to sell its Seeger-Orbis business to the Kajo Neukirchen Group.

Continental employees give back through Conti Cares

Continental employees recently participated in an annual “Conti Cares” event that included volunteering during the holiday season and giving back to charitable organizations in the community in which they work.

MSC CFO to resign

MSC Industrial Supply announced that Rustom Jilla, executive vice president and chief financial officer, has decided to step down from his position with MSC effective Jan. 17, 2020 to become chief financial officer of a public global manufacturing company.

AD and SafetyNetwork to merge

AD and SafetyNetwork announced that the organizations are pursuing a possible merger in the spring of 2020.

White paper on single-source fasteners procurement

All-Pro Fasteners Inc., of Arlington, Texas, has developed a free comprehensive white paper covering the topic of single-source procurement of fasteners and related products.

Enerpac Tool Group sales decline 7.5 percent

Enerpac Tool Group, formerly Actuant Corporation, reported net sales of $147 million for the first quarter of fiscal 2020, a 7.5 percent decline from $158.6 million in the same period last year.

Fastenal introduces Product Locator app

Fastenal is rolling out a new Product Locator application to provide customers with a better opportunity to drive cost savings.

PTDA welcomes 14 new members

The Power Transmission Distributors Association (PTDA) welcomed 14 new member companies, including six distributors, seven manufacturers and one associate member.

Winsupply announces promotions

Winsupply Inc., announced the promotions of Eddie Gibbs to senior vice president of vendor relations and Amy Souders to vice president of vendor relations.

Alro to build new Wisconsin facility

Alro Steel announced construction of a new 200,000 square foot facility in Oshkosh, Wisconsin, to be completed in February 2020.

Industrial Tooling & Supply transition to next generation

Anniston, Alabama-based Industrial Tooling & Supply announced the transition of its ownership from Richard Powell to his daughter, Jayme Mancill.

Industrial and manufacturing production rebound

Industrial production and manufacturing production both rebounded 1.1 percent in November after declining in October.

Ohio Transmission acquires Keller Electrical

Ohio Transmission Corporation announced the acquisition of Keller Electrical, a provider of industrial electrical services, equipment, components and supplies serving the southwestern United States.

AHB Tooling & Machinery acquires Tool-Craft Supply

AHB Tooling & Machinery announced that it has acquired Tool-Craft Supply from Tool-Craft Industries of Sterling Heights, Michigan.

Rawson and Industrial Controls announce new brand

ERIKS North America-owned companies Rawson and Industrial Controls announced a new, united brand identity: Rawson/Industrial Controls.

Manufacturers expect growth in 2020

Economic growth in the United States will continue in 2020, say the nation’s purchasing and supply management executives in the December 2019 Semiannual Economic Forecast from the Institute for Supply Management.

Jason Industries sells Metalex business

Jason Industries Inc. announced the sale of its Metalex business within the Engineered Components segment to UPG LLC for approximately $5 million cash and assumption of certain liabilities.

Emerson announces Professional Tools business promotions

Emerson announced the promotions of Justin King as vice president of engineering and Rob Trefz as vice president of marketing within its Professional Tools business.

Lane Industrial Supply acquires Compressed Air Technologies

Denver-based Lane Industrial Supply Company has acquired Compressed Air Technologies.

HD Supply sales up 2 percent in third quarter

HD Supply Holdings reported net sales of $1.6 billion for the third quarter of fiscal 2019, an increase of 2.0 percent compared to the third quarter of fiscal 2018.

Morelli to resign as Columbus McKinnon president and CEO

Columbus McKinnon Corporation announced that Mark Morelli plans to resign from his position as president, CEO and director effective Jan. 10, 2020.

Remke Industries names director of business development

Remke Industries named Tommy O’Gara as its new director of business development.

Starrett names metrology systems vice president

The L.S. Starrett Company has appointed David Allen as vice president, Starrett Metrology Systems.

Habasit acquires South Korean companies

Habasit has acquired its long-standing distribution partners in South Korea, Namil Belt Industrial Co. and Korea Belt Services, as a new Affiliated Company of the Habasit Group.

Manufacturing productivity increased in third quarter

Manufacturing sector labor productivity increased 0.1 percent in the third quarter of 2019, as output increased 1.3 percent and hours worked increased 1.2 percent.

Manufacturing jobs increased in November

Manufacturing employment rose by 54,000 in November, following a decline of 43,000 in the prior month.

Manufactured goods orders increased in October

New orders for manufactured goods increased $1.4 billion or 0.3 percent to $497.0 billion in October, according to the U.S. Census Bureau.

Winsupply acquires Industrial Equipment & Parts

Winsupply Inc. has purchased Industrial Equipment & Parts, a Plymouth, Minnesota-based distributor of heavy industrial pumps.

Fastenal November sales up 0.7 percent

Fastenal reported sales of $413 million in November, a 0.7 percent increase from $410 million in November 2018.

PIP acquires Boss Glove and Safety

Protective Industrial Products Inc. announced the acquisition of Boss Glove and Safety business from the Boss Manufacturing Company, headquartered in Kewanee, Illinois.

Manufacturing contracted in November

Manufacturing contracted in November, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.

October construction spending down 0.8 percent

Construction spending during October was estimated at a seasonally adjusted annual rate of $1,291.1 billion, 0.8 percent below the revised September estimate of $1,301.8 billion.

Moule named president of Barnes Industrial

Barnes Group Inc. announced the appointment of Stephen Moule to the position of senior vice president, Barnes Group Inc. and president, Barnes Industrial, effective immediately.