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.