January 2011 News
EnPro Industries acquires Pipeline Seal and Insulator
EnPro Industries has agreed to acquire Pipeline Seal and Insulator Inc. and its affiliates.
Interline Brands buys Northern Colorado Paper
Interline Brands has acquired substantially all of the assets of Northern Colorado Paper, a distributor of janitorial and sanitation supplies for approximately $9.5 million in cash.
ITW revenues up 11 percent
Illinois Tool Works reported fourth quarter revenues of $4.169 billion were 11.0 percent higher than the year-earlier period.
MAPI names new president
The Manufacturers Alliance/MAPI has named Stephen Gold as president and chief executive officer effective March 1, 2011.
Columbus McKinnon posts loss
Columbus McKinnon Corporation reported net sales for the third quarter of fiscal 2011 increased 8.2% to $128.7 million from the same period last year.
Tenth district manufacturing moderates
Growth in Tenth District manufacturing activity moderated somewhat in January, but activity was stronger than a year ago and optimism remained fairly high.
NAM: Manufacturing strategy needed
Responding to President Barack Obama's State of the Union address, the National Association of Manufacturers (NAM) reiterated its call for a U.S. manufacturing strategy.
Durable goods orders decline in December
New orders for manufactured durable goods decreased $5.0 billion or 2.5 percent in December to $191.0 billion, the U.S. Census Bureau announced today.
WESCO International revenues up 17.6 percent
WESCO International said its fourth quarter sales increased 17.6% to $1.3 billion, compared to $1.1 billion in the same period last year.
Eaton sales rise 17 percent
Diversified industrial manufacturer Eaton Corporation announced sales for the 2010 fourth quarter were $3.7 billion, 17 percent higher than the same period in 2009.
Stanley Black & Decker sales soar
Stanley Black & Decker said its fourth quarter sales were $2.4 billion, compared to $969.4 million last year.
Midwest Manufacturing Index rises in December
The Chicago Fed Midwest Manufacturing Index increased 0.3% in December, to a seasonally adjusted level of 81.5.
Timken sales jump by 29 percent
The Timken Company reported sales of $4.1 billion for 2010, an increase of 29 percent from the prior year.
Kennametal sales climb
Kennametal reported fiscal 2011 second quarter sales of $566 million, compared with $443 million in the same quarter last year.
Danaher sales and earnings rise
Danaher Corporation said its sales for the fourth quarter were $3.6 billion, 15% higher than the $3.1 billion reported for the 2009 fourth quarter.
BDI acquires Gopher Bearing
Bearing Distributors Inc. (BDI) has acquired Gopher Bearing Company's St. Paul and Winona, Minn. locations.
Rockwell Automation revenues up 28 percent
Rockwell Automation reported fiscal 2011 first quarter revenue of $1.3 billion, up 28 percent compared to $1.0 billion in the first quarter of fiscal 2010.
Praxair sales up 9 percent
Praxair reported fourth-quarter sales of $2.6 billion, up 9% from $2.4 billion in the previous year's quarter.
Central Atlantic manufacturing activity expands
Manufacturing activity in the central Atlantic region expanded for the fourth straight month, according to the Richmond Fed's latest survey.
3M sales up 9.6 percent
3M reported fourth-quarter sales of $6.7 billion, up 9.6 percent year-on-year including an 8.6 percent increase in organic volumes.
Bostwick-Braun acquires JMC Sales & Engineering
Toledo, Ohio-based Bostwick-Braun Company announced that it purchased JMC Sales & Engineering of Indianapolis.
Grainger posts record sales
Grainger reported sales of $7.2 billion in 2010, up 15 percent from $6.2 billion in 2009.
Mayhew Tools launches new brand identity
Mayhew Tools, a manufacturer of punches, chisels, pry bars, and specialty automotive tools, unveiled new corporate and product line-specific brand identities.
Eaton buys South African company
Eaton Corporation has reached agreement to acquire Actom Ltd.'s low-voltage electrical business in South Africa.
DOJ clears ABB acquisition of Baldor
The Antitrust Division of the United States Department of Justice has cleared ABB's proposed acquisition of Baldor.
Airgas sales up 9.5 percent
Airgas reported net earnings of $55.8 million, or 65 cents per diluted share, for its third quarter, on sales of $1.03 billion.
AIT sales up 18.7 percent
Applied Industrial Technologies reported net sales for the second quarter increased 18.7% to $529.5 million from $446.2 million in the comparable period a year ago.
Danaher buys Belgian packaging company
Danaher Corporation has signed a definitive agreement to acquire EskoArtwork, a full service solutions provider for the digital packaging design and production market.
H.B. Fuller sales rise, income falls
Adhesives manufacturer H.B. Fuller Company reported fourth quarter net revenue of $360.2 million, up 5.5 percent versus the fourth quarter of 2009.
New York, Philly manufacturing stay strong
The Federal Reserve Banks of New York and Philadelphia both released positive reports about the state of manufacturing in their respective regions.
NN to close German plant
NN Inc. announced that it will cease manufacturing operations at its German manufacturing facility, Kugelfertigung Eltmann GmbH.
Parker reports record sales
Parker Hannifin reported fiscal 2011 second quarter sales were $2.9 billion, an increase of 21.7 percent from $2.4 billion in the same quarter a year ago.
Worldwide Superabrasives opens Florida facility
Worldwide Superabrasives, a manufacturer and distributor of industrial diamond and Cubic Boron Nitride (CBN) products, recently relocated its U.S. manufacturing facility.
Canada manufacturing sales decline
Manufacturing sales declined 0.8% in November to $44.9 billion, led by decreases in the motor vehicle and motor vehicle parts industries.
Fastenal sales grow by 20 percent
Fastenal announced that its fourth-quarter sales grew by 20.3 percent to $573.7 million, compared to $476.7 million in the same period last year.
Graybar appoints new senior VP
Graybar has appointed Bob Lyons to the position of senior vice president, U.S. business, effective April 1, 2011.
Metalformers remain optimistic
Metalforming companies are optimistic about business conditions during the next three months.
Timken announces price increases
The Timken Company announced price increases to certain tubing products and special bar quality products.
DeWalt, Empire Level to end private label deal
DeWalt and Empire Level Mfg. Corp. announced that the two companies will end their partnership on the private label line of professional box levels.
Industrial production rises in December
Industrial production increased 0.8 percent in December after having risen 0.3 percent in November.
Shively Bros. acquires Cadillac Industrial
Flint, Mich.-based Shively Brothers Inc. has purchased the assets of Cadillac Industrial Supply of Cadillac, Mich. Terms were not disclosed.
MAPI survey: Manufacturing expansion slowing
The latest quarterly survey from the Manufacturers Alliance/MAPI, suggests the pace of expansion may be slowing among the nation's manufacturers.
FCX Performance acquires two distributors
FCX Performance has completed two acquisitions that will expand its product and service offering as well its geographic reach.
Bollé Safety names PIP exclusive marketer
Bollé Safety has named Protective Industrial Products as the exclusive marketer and supplier of the Bollé brand of safety eyewear in the United States.
WD-40 sales up 4 percent
WD-40 Company reported first quarter sales of $80.9 million, an increase of 4% from the first quarter last year.
Wm. F. Hurst Co. acquires CRC Inc.
Wm. F. Hurst Co. Inc. has acquired CRC Inc. of Texas, a distributor of power tools, fabrication solutions and fluid handling systems.
Manufacturing technology consumption drops in November
November U.S. manufacturing technology consumption totaled $318.18 million, down 17.7% from October.
Unemployment falls to 9.4 percent
The unemployment rate fell by 0.4 percentage point to 9.4 percent in December, the U.S. Bureau of Labor Statistics reported today.
Parker acquires Brazilian filter maker
Parker Hannifin Corporation has acquired HDA Acessorios e Equipamentos Ltd. of Sao Paulo, Brazil.
OneSource acquires D&D Tool and Supply
OneSource Distributors, Oceanside, Calif., is acquiring D&D Tool and Supply of Vista, Calif.
United Stationers offers early retirement
United Stationers Inc. announced a voluntary early retirement program for eligible employees and a focused workforce realignment in certain areas of the company.
MSC Industrial sales up 22.9 percent
MSC Industrial said its fiscal 2011 first quarter sales rose 22.9% to $472.8 million, compared with $384.8 million in the prior year period.
BlackHawk acquires Rogers Industrial Supply
BlackHawk Industrial Distribution announced the acquisition of Rogers Industrial Supply, a Fort Smith, Ark.-based industrial distributor serving the MRO marketplace.
Zep revenues up by 24 percent
Zep Inc. reported revenue for the first quarter increased approximately 24% to $157.4 million, compared with $126.8 million in the same period of the prior year.
Lewis-Goetz makes two acquisitions
Lewis-Goetz and Company announced the acquisitions of two hose and fittings distributors.
Airgas acquires Conley Gas
Airgas has completed the acquisition of Conley Gas Ltd., a supplier of pure gases to the specialty gas industry.
3M buys Nida-Core
3M has acquired Nida-Core Corp., a manufacturer of structural honeycomb core and fiber-reinforced foam core materials based in Port St. Lucie, Fla.
Airmaster Fan changes ownership
Robert LaZebnik, owner of Airmaster Fan Company, announced the sale of the company to current president and CEO, Richard Stone.
Construction spending up in November
Construction spending was up 0.4 percent in November, the Department of Commerce announced today.
ISM: Manufacturing expanded in December
Economic activity in the manufacturing sector expanded in December for the 17th consecutive month, according to the latest Manufacturing ISM Report On Business.
Dubai Wire expands logistics facility
Fastener manufacturer Dubai Wire Group announced that it has expanded its logistics facility in Dubai.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
