December 2022 News

Promotions announced at Logistics Supply
Donna Bruno, president of Logistics Supply, has announced three key personnel changes within the Charlotte, North Carolina-based redistribution company, beginning with Director of Sales Tanya Scarborough Greene who has been promoted to senior director of Sales.

GNCO, Inc. acquires FMH Material Handling Solutions
FMH Material Handling Solutions has been acquired by GNCO, Inc. effective January 1, 2023.

White Cap announces new corporate partnership with Arbor Day Foundation
White Cap Supply Holdings, LLC announced a new corporate partnership with the Arbor Day Foundation to support its mission to inspire people to plant, nurture, and celebrate trees.

Reshoring, FDI set new quarterly record – '22 to top 350K jobs 
The Reshoring Initiative's Q3 data shows reshoring + FDI job announcements were at the highest rate ever recorded, about 15% above Q1 2022, the previous record. 4Q 2022 looks strong enough to reach a 2022 total of 350,000+ jobs.

New durable goods orders drop in November
New orders for manufactured durable goods in November, down following three consecutive monthly increases, decreased $5.8 billion or 2.1% to $270.6 billion, the U.S. Census Bureau announced December 23. This followed a 0.7 percent October increase.

Graybar acquires CX Connexion
Graybar, a distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, has completed the acquisition of CX Connexion, based in Buffalo Grove, Illinois.

3M to exit PFAS manufacturing by end of 2025
On December 20, 3M announced it will exit per- and polyfluoroalkyl substance (PFAS) manufacturing and work to discontinue the use of PFAS across its product portfolio by the end of 2025.

Bostwick-Braun hires industrial business unit president
Bostwick-Braun Industrial Business Unit has a new president: Aaron Gula brings a deep operations background and commercial experience to his new role. 

Enerpac Tool Group reports 13% YOY sales increase for fiscal Q1'23
Enerpac Tool Group Corp. has announced its net sales were $139 million, with a 13% year-over-year increase in core sales driven by continued solid broad-based demand; the strengthening of the U.S. dollar reduced sales by 6% year over year.

Optimas completes global IATF Certification
Optimas Solutions, a global industrial manufacturer/distributor and service provider, announced it has completed IATF Certification for its worldwide operations. Adding its center of excellence in Pune, India, and new distribution sites in Mexicali, Mexico, and Lockbourne, Ohio, places Optimas at a level of quality assurance uncommon in the fastener industry, the company stated in a press release.

Houchens Industries to acquire Air Hydro Power 
Houchens Industries, a large and wholly-owned S Corp ESOP based in Bowling Green, Kentucky, has entered into a definitive agreement to acquire Air Hydro Power (AHP) The deal is expected to close in January 2023.

Dec. 19 NAM Economic Report: Supply bottlenecks improving
This week’s Monday Economic Report from Chad Moutray at the National Association of Manufacturers highlighted the S&P Global Flash U.S. Manufacturing PMI fell from 47.7 in November to 46.2 in December, the sharpest decline since May 2020, with steep decreases in new orders, output and exports.

Grainger names chief legal officer
Grainger has appointed Nancy L. Berardinelli-Krantz as senior vice president and chief legal officer, effective January 30, 2023. She will succeed John L. Howard who will retire from the company in July 2023 after 23 years of service.

IWDC announces charity contribution
Coming out of its November owners’ meeting, IWDC says it has broken its all-time annual member’s spend record set in 2021. In addition, the cooperative announced it raised $11,000 at the meeting for ReIGNITE Hope, bringing its 2022 total donation to $38,280 in combined cash and product donations. ReIGNITE Hope trains students for a career in welding, gets them certified in the welding trade and assists them with job placement. 

PTDA welcomes three new members
The Power Transmission Distributors Association (PTDA) welcomes three new member companies: Distributor Members Belt Power (Marietta, Ga.) and Servibandas (Mexico City, Mexico), and Associate Members Tribute, Inc. (Cuyahoga Falls, Ohio).

October U.S. cutting tool orders exceed $200 million 
October 2022 U.S. cutting tool consumption totaled $200.6 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.

DataXstream welcomes new senior vice president of sales
DataXstream LLC, an SAP Gold partner, announced Marcus Rex has joined the executive team as senior vice president of Sales. In this role, he will continue to build and expand relationships with global partners and customers.

The Crosby Group raises $50,000 for Children of Fallen Patriots
The Crosby Group, a manufacturer of rigging, lifting, and material handling hardware and equipment, has concluded its 2022 Rigging for the Troops campaign supporting the Children of Fallen Patriots Foundation. Through the combined support of its loyal channel partners, end users, and employees throughout the U.S, Crosby once again surpassed its original fundraising goal of $25,000 and raised a total of $50,000 for the Fallen Patriots.

Producer prices easing, rising costs in some categories
According to the National Association of Manufacturers' Economic Reports, producer prices for final demand goods and services rose 0.3% for the third straight month in November.

Manufacturing technology orders through October 2022 on pace with best year ever
New orders of manufacturing technology totaled $457.7 million in October 2022, according to the latest U.S. Manufacturing Technology Orders Report published by AMT – The Association For Manufacturing Technology.

Timken earns spot on Newsweek's list of Most Responsible Companies 
The Timken Co. has been named one of America's Most Responsible Companies 2023 by Newsweek and Statista Inc. It's the third consecutive year it has made the prestigious list of companies distinguished by their corporate social responsibility (CSR) efforts.

AD Industrial & Safety – U.S. awards members, suppliers
During the recent 2022 AD Industrial & Safety – U.S. North American Meeting, AD held its Spirit of Independence Awards dinner celebrating Industrial & Safety – U.S. members and supplier partners for excellence within their companies and for their contributions to AD.

The Lawless Group hires regional vice president
John Holman has joined The Lawless Group (TLG) as North Central Regional vice president, responsible for growing and managing the territory, which includes service to Iowa, Kansas, Minnesota, Missouri, North Dakota, and South Dakota.

Genuine Parts Co. appoints new officers
Genuine Parts Co.'s board of directors has appointed William P. Stengel to the position of president and chief operating officer and Christopher T. Galla to the position of senior vice president and general counsel, effective January 1, 2023.

InCord achieves WOSB certification
InCord has been certified as a Women-Owned Small Business (WOSB) by the U.S. Small Business Administration (SBA), recognizing Meredith Shay and Robin Ritz as sole owners of the manufacturing business on a federal level.

Core & Main Completes Acquisition of Lanier Municipal Supply Co. Inc.
St. Louis-based Core & Main Inc., a specialized distributor of water, wastewater, storm drainage, fire protection products and related services, has closed its previously announced acquisition of substantially all of the assets of Lanier Municipal Supply Co. Inc., a full-service distributor of water, wastewater, storm drainage, agricultural and irrigation products, headquartered in Lakeland, Georgia.

Airgas opens Nevada facility
Airgas officially opened its newest distribution center in Henderson, Nevada, on December 6 with a ribbon-cutting event. 

TestEquity acquires German test equipment provider
TestEquity, the operating company of Chicago-based Distribution Solutions Group Inc., has completed its acquisition of Instrumex, a test and measurement provider of reconditioned test equipment based in Munich, Germany.

Dakota Supply Group opens new Minnesota facility 
Dakota Supply Group (DSG) has opened a new facility in Otsego, Minnesota. The previous Monticello location at 9668 Fallon Ave NE, is now closed. Its Otsego replacement location is at 7505 Kadler Ave NE and is now open Monday through Friday, 6:30 a.m. to 4:30 p.m.

BlackHawk acquires Thomas Industrial Supply
BlackHawk Industrial, Tulsa, Oklahoma, has again executed on its growth strategy with the completion of its acquisition of Wisconsin-based Thomas Industrial Supply, Inc. Financial terms of the transaction were not disclosed.

Jon-Don welcomes new CEO and chief sales officer
Jon-Don, based in Roselle, Illinois, has appointed Jay Davisson as its chief executive officer and Steve Porter as chief sales officer. The updates to the leadership team reflect the company’s continued growth trajectory and as it expands to serve contractors across a variety of industries.

Fastenal's November sales rise 10.2%
Fastenal reported its November sales totaled $577,826 million, a 10.2% increase from $524,168 million in November of last year.

Construction adds over 20K jobs in November
The U.S. Bureau of Labor Statistics reported today that construction employment continued to trend up in November (+20,000), with nonresidential building adding 8,000 jobs. Construction has added an average of 19,000 jobs per month so far this year, little different from the 2021 average of 16,000 per month.

Construction spending up year-over-year
Construction spending slowed somewhat in October compared to September but remains well above the pace set in 2021.

Kano Laboratories announces Mark Klein as president
Nashville-based Kano Laboratories, which produces Kroil-branded penetrating oils and lubricants, has appointed Mark Klein as president.

Manufacturing index contracted in November
Economic activity in the manufacturing sector contracted in November for the first time since May 2020 after 29 consecutive months of growth.

Streamlight welcomes regional sales manager – Latin America 
Streamlight Inc. has hired Daniel Rodriguez as regional sales manager – Latin America for the company’s International Division.

Record-breaking attendance at 2022 AD Industrial & Safety – U.S. North American Meeting 
AD hosted its 2022 Industrial & Safety – U.S. North American Meeting October 23–26, breaking attendance records from member and supplier companies who convened near Denver to network, collaborate and share industry insights.

New CFO Joins ERIKS North America
ERIKS North America has appointed David Brown as its chief financial officer.