February 2019 News
Paxton Production Tools to move into Industrial Supply location
Paxton Production Tools will move to its new location at Industrial Supply’s Salt Lake City location on March 1 and re-open for business on March 4.
Lawson Products 4Q sales up 7 percent
Lawson Products reported fourth-quarter sales of $86.3 million, up 7.0 percent from $80.6 million in the same period last year.
Manufactured goods orders increase
New orders for manufactured goods increased $0.3 billion, or 0.1 percent, to $499.9 billion in December.
Winsupply names Vendors of the Year
Winsupply Inc. has named its 2018 Vendors of the Year in their respective product categories.
Kaman Distribution 4Q sales up 6.5 percent
Kaman Distribution had sales of $280 million for the fourth quarter of 2018, a 6.5 percent increase from $263 million in the same period a year ago.
IDCO Expo draws record-breaking attendance
More than 300 attendees from 110 of IDCO’s 140 member and supplier companies gathered for the co-op's annual three-day event designed to drive member sales.
Saint-Gobain names new North America CEO
Saint-Gobain has appointed Mark Rayfield as chief executive officer of Saint-Gobain North America.
Chicago Fed National Activity Index declines
The Chicago Fed National Activity Index fell to –0.43 in January from +0.05 in December.
Beacon Roofing Supply president and CEO to step down
Beacon Roofing Supply Inc. announced that president and CEO Paul Isabella will leave the company later this fiscal year.
Airmaster names finance director
Airmaster, a manufacturer of air circulation and ventilation solutions, announced Dave Benson as its new finance director.
Amazon Hose & Rubber celebrates 100 years
A woman-owned business for three generations, Orlando-based Amazon Hose & Rubber Company is celebrating its 100th anniversary.
S.L. Fusco acquires MESCO
S.L. Fusco has acquired Modern Engineered Services Company (MESCO), a Monrovia, California-based industrial distributor.
MSA Safety sales grow by 5 percent
MSA Safety reported fourth-quarter revenue increased 5 percent to $362 million, compared to $346 million in last year's fourth quarter.
AHB Tooling & Machinery managers acquire company
AHB Tooling & Machinery Inc. announced two senior leadership team members have purchased the metalworking distributorship from previous owner Kevin Hess.
Eaton names industrial sector senior VP
Eaton has named Mike Gallant senior vice president of manufacturing for its industrial sector.
AFFLINK names regional sales managers
AFFLINK announced the addition of Jack Bryant as regional sales manager for the North Central Region and Phillip Chang as regional sales manager for the Northeast.
Sak Abrasives buys Buffalo Abrasives
Sak Abrasives Inc. announced its acquisition of Buffalo Abrasives Inc. located in Buffalo, New York.
Genuine Parts Co. sales rise 9.4 percent
Genuine Parts Co. reported sales for the fourth quarter were $4.6 billion, a 9.4 percent increase compared to $4.2 billion for the same period in 2017.
Gardner Denver sales up 4 percent in 4Q
Gardner Denver reported fourth-quarter revenues of $713 million, up 7 percent over the prior year.
Blickle opens new U.S. facility
Blickle U.S.A. has taken occupancy of a new 62,491 square foot multi-million-dollar facility located in Newnan, Georgia.
Industrial production declined in January
Industrial production decreased 0.6 percent in January after rising 0.1 percent in December.
NOW Inc. posts double-digit sales gain
NOW Inc. said its fourth quarter revenue of $764 million was up 14 percent year over year.
PTDA member sales up 5.4 percent
The fourth quarter 2018 Sales History & Outlook Report released by the Power Transmission Distributors Association indicates the average PTDA distributors’ index for total sales during 4Q18 was 5.4 percent higher compared to 2017.
Dynamic Safety becomes Optimum Safety
Personal protective equipment provider Dynamic Safety USA announced that it is reorganizing to form Optimum Safety.
December cutting tool consumption up 8.1 percent
At $189.1 million, December U.S. cutting tool consumption was up 8.1 percent compared with the $175 million reported for December 2017.
Winsupply Inc. buys Baron Distributors
Winsupply Inc. has purchased Baron Distributors, a wholesaler-distributor of irrigation products in four locations in west Texas and New Mexico.
Motion Industries to buy Axis
Motion Industries has entered into a definitive agreement to acquire Axis New England and Axis New York, an automation and robotics company based in Danvers, Massachusetts.
United Distribution Group CEO Cole to retire
SunSource announced the retirement of United Distribution Group Inc. president and CEO, Darrell H. Cole, effective Feb. 15.
Gates Industrial sales increase by 10.1 percent
Gates Industrial Corporation reported 2018 net sales increased 10.1 percent year-over-year to $3.3 billion, representing core revenue growth of 5.9 percent.
Winsupply opens four new companies
Winsupply has opened four new companies in Texas, Maryland and Ohio.
All Integrated Solutions leadership transition announced
All Integrated Solutions (AIS), a division of MSC Industrial Supply Co., announced that Jim Ruetz will be stepping down as chief executive officer of AIS, effective April 5.
Ohio Transmission acquires Filter and Coating Technology
Ohio Transmission Corporation announced the acquisition of Filter and Coating Technology Inc., a Grand Rapids, Michigan-based industrial distributor of finishing, dispense solutions, and filtration products.
Enavate releases pricing and costing app for distributors
Enavate released the Enavate Pricing and Costing App for Wholesale Distribution on Microsoft AppSource, an online cloud marketplace providing tailored line-of-business solutions.
Walter Surface Technologies names VP of U.S. sales
Walter Surface Technologies has named Jeff Tisdell vice-president of U.S. sales.
IDI merges with AD
AD, the member owned buying/marketing group, announced the merger with IDI Independent Distributors Inc., effective April 1.
Praxair to double capacity at Missouri plant
Praxair announced plans to expand production capacity at its Neosho, Missouri, air separation plant.
Walter appoints regional president
Cutting tool manufacturer Walter announced the appointment of Richard Garrick as president of Sales Region World West.
Ingersoll Rand to buy Precision Flow Systems
Ingersoll-Rand plc has made a binding offer to acquire Precision Flow Systems from funds advised by BC Partners Advisors L.P. and The Carlyle Group for $1.45 billion.
U.S. manufacturing technology orders increased in 2018
Despite a small decline in December, U.S. manufacturing technology orders finished 2018 up 19 percent from the year before.
Endries International acquires Industrial Products Company
Endries International has acquired Industrial Products Company, headquartered in Lynchburg, Virginia.
Jon-Don acquires Quest Building Products
Jon-Don has acquired Quest Building Products, an Anaheim-based distributor of concrete surface prep products, equipment and service.
United Pipe & Steel merges with Merfish Pipe & Supply
United Pipe & Steel and Merfish Pipe & Supply Co. announced that they are combining under Merfish Pipe Holdings, which is majority owned by One Equity Partners.
Snap-on 4Q sales fall 2.3 percent
Snap-on reported net sales of $952.5 million in the fourth quarter were down 2.3 percent from 2017 levels.
Timken sales soar 17 percent
The Timken Company reported fourth-quarter 2018 sales of $910.1 million, up 17 percent from the same period a year ago.
PIP to acquire West Chester Protective Gear
Protective Industrial Products announced the signing of a definitive agreement to acquire West Chester Protective Gear.
Pinnacle Tool & Supply buys W. Lewis Sales
Pinnacle Tool & Supply, headquartered in Toledo, Ohio, purchased W. Lewis Sales Co. of Solon, Ohio, on Jan. 1, 2019.
Fastenal January sales climb 13 percent
Fastenal recorded sales of $446.9 million in January, a 13 percent increase from $394.4 million in January 2018.
Manufacturing productivity grew by 1.3 percent
Manufacturing sector labor productivity increased 1.3 percent during the fourth quarter of 2018, the U.S. Bureau of Labor Statistics reported today.
Lutz named Vallen EVP of sales
Vallen Distribution Inc. named Will Lutz as executive vice president of sales.
Kennametal 2Q sales up 3 percent
Kennametal reported fiscal 2019 second quarter sales were up 3 percent to $587 million, compared with $571 million in the prior year quarter.
Emerson Q1 sales rise 9 percent
Emerson's first-quarter net sales of $4.1 billion were up 9 percent.
RBC Bearings sales up 2.8 percent
RBC Bearings reported net sales for the third quarter of fiscal 2019 were $171.5 million, an increase of 2.8 percent from $166.9 million in the third quarter of fiscal 2018.
Bishop Lifting Products acquires Woods Logging and Industrial Supply
Bishop Lifting Products completed the acquisition of Woods Logging and Industrial Supply of Longview, Washington.
Kyocera Senco to acquire European pneumatic tool maker
Kyocera Corporation's subsidiary Kyocera Senco Industrial Tools has agreed to acquire Van Aerden Group BV, a European pneumatic tool manufacturing and sales company.
Singer Equities acquires Quality Conveyor Solutions
Singer Equities Inc. has acquired Quality Conveyor Solutions, headquartered in Roanoke, Virginia.
ISA to launch Channel 2.0 in Houston, April 6-8
The Industrial Supply Association is planning a new approach to the education component of its annual convention in Houston, April 6-8.
Hyde acquires slitting knives from Thurston Manufacturing
Hyde Industrial Blade Solutions (IBS), a division of Hyde Tools Inc., announced the acquisition of the square edge slitting knives line from Thurston Manufacturing of Smithfield, Rhode Island.
Manufacturing expanded in January
Manufacturing expanded in January, as the ISM purchasing manager index registered 56.6 percent, an increase of 2.3 percentage points from the December reading of 54.3 percent.
Construction and manufacturing jobs grew in January
Employment gains in construction and manufacturing helped fuel job growth of 304,000 in January, the U.S. Bureau of Labor Statistics reported today.