January 2019 News

Eaton sales rise by 5 percent

Eaton Corporation posted sales in the fourth quarter of 2018 of $5.5 billion, up 5 percent over the same period in 2017.

Columbus McKinnon sales rise 4.2 percent

Columbus McKinnon reported sales for its fiscal third quarter of $217.4 million, a 4.2 percent improvement from $208.7 million in the same period last year.

Wright Tool names two regional sales managers

Wright Tool announced the appointments of Will Bazela and Adam Sloat as regional sales managers.

AD supplier sales grow by 13 percent

AD reported an 11 percent increase in member sales, across 12 AD divisions, totaling $41.4 billion in 2018. Purchases from AD suppliers grew by 13 percent in 2018.

Staples completes tender offer for Essendant

Staples Inc. and Essendant Inc. announced the successful completion of the previously announced tender offer by the parent company of Staples to acquire all outstanding shares of Essendant for $12.80 per share.

WESCO posts 6.5 percent sales gain

WESCO International said its net sales for the fourth quarter of 2018 were $2.0 billion, even with the same period last year.

DDS becomes IMARK service provider

DDS (Distributor Data Solutions) announced that it has become a member service provider to IMARK Group Inc.

Ingersoll-Rand revenue up 8 percent

Ingersoll-Rand plc reported fourth-quarter revenue of $3.9 billion, 8 percent higher than the $3.6 billion reported in the same period last year.

Hunter Steel Pipe and Supply is now HSPS

Hunter Steel Pipe and Supply announced that the company has changed its name to HSPS.

Turtle & Hughes names business development manager

Jack Bartoszek has joined Turtle & Hughes as manager of business development.

Rockwell Automation sales rise 3.5 percent

Rockwell Automation reported fiscal 2019 first quarter sales of $1.64 billion, up 3.5 percent from $1.58 billion in the first quarter of fiscal 2018.

Rockwell Automation has acquired Emulate3D

Rockwell Automation has acquired Emulate3D, an engineering software developer of industrial automation systems.

3M reports 3.5 percent sales gain

3M reported sales of $32.8 billion for 2018, up 3.5 percent from the previous year.

Chicago Fed National Activity Index up slightly

The Chicago Fed National Activity Index moved up slightly to +0.27 in December from +0.21 in November.

Grainger 2018 sales up 8 percent

Grainger said its 2018 sales of $11.2 billion increased 8 percent versus $10.4 billion in the prior year.

Applied reports 25.9 percent sales gain

Applied Industrial Technologies reported second quarter fiscal 2019 sales grew 25.9 percent to $840.0 million from $667.2 million in the same quarter a year ago.

Actuant to focus on industrial tools business

Actuant Corporation announced that it intends to solely focus on its Industrial Tools & Services segment and pursue a standalone strategy as a pure play industrial tools and services company.

AD member owners elect board

AD announced the results of the 2018 AD LLC board of directors election.

Grainger's Zoro Tool enters UK market

Grainger Inc. is entering the UK manufacturing market in hand tools, power tools and PPE through its subsidiary Zoro UK (

Turtle & Hughes adds new regional credit manager

Jim Bailey has joined the Linden corporate headquarters office of Turtle & Hughes as regional credit manager responsible for the company’s large New York region.

Stanley Black & Decker sales climb 8 percent

Stanley Black & Decker reported sales of $3.6 billion in its fourth quarter pushed sales for the full year to $14 billion, an 8 percent increase.

Core & Main to buy Maskell Pipe & Supply

Core & Main LP, a distributor of water, sewer and fire protection products, has entered into a definitive agreement to acquire select assets of Maskell Pipe & Supply.

Stellar names Fullerton Tool 2018 Supplier of the Year

Stellar Industrial Supply named Fullerton Tool Company as its 2018 Supplier of the Year award winner.

Fastenal sees double-digit sales gain in 2018

A strong fourth quarter boosted 2018 sales for Fastenal to $4.9 billion, a 13.1 percent gain from $4.4 billion a year earlier.

DDI System introduces Inform eCommerce Pro

DDI System announced the release of Inform eCommerce Pro, a flexible eCommerce platform for both B2B and B2C retail shoppers.

ES Tech Group and DDS announce joint eCommerce solution

ES Tech Group and DDS announced a joint eCommerce solution suite serving distributors in the construction and industrial markets.

November U.S. cutting tool consumption up 13.2 percent

November 2018 U.S. cutting tool consumption totaled $209.42 million according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.

Valin acquires Power Transfer Products

Valin Corporation has acquired Power Transfer Products, located in Alvin, Texas.

Xometry acquires Machine Tool & Supply

Xometry, an online marketplace for custom manufacturing, announced today the launch of Xometry Supplies.

Winsupply to open Jacksonville, Fla. distribution center

Winsupply Inc. plans to open a new regional distribution center in Jacksonville, Florida, in 2019.

Manufacturing technology orders up 22 percent YTD

Manufacturing technology orders were $458 million in November, down two percent from October levels and up seven percent from November 2017 numbers.

WD-40 sales rise 4 percent

WD-40 Company reported net sales for the first quarter of $101.3 million, an increase of 4 percent compared to the prior year fiscal quarter.

Hyde IBS names Southeast region sales manager

Hyde Industrial Blade Solutions (IBS) announced that Steve McCormack has been named Southeast regional sales manager.

Moe becomes Sphere 1 president and CEO

Sphere 1 announced that Rob Moe became president and CEO effective Jan. 1.

APEX Assembly & Fabrication celebrates 85 years

A standard on many assembly lines today, APEX Assembly & Fabrication is celebrating 85 years in operation.

MSC posts 8.2 percent sales gain

MSC Industrial Supply reported sales of nearly $832 million for the first quarter of fiscal 2019, an 8.2 percent gain from $769 million in the same period last year.

Turtle & Hughes adds to Houston branch

Luke Supak has joined Turtle & Hughes in its Deer Park, Texas, branch taking on the new role of industrial switchgear manager.

Motion Industries names senior vice president

Motion Industries announced the promotion of N. Joe Limbaugh to the position of senior vice president of supply chain, operations support and marketing. 

Purvis Industries acquires Ready Bearing Supply

Purvis Industries has acquired Ready Bearing Supply located in Lubbock, Texas.

Stellar Industrial Supply revamps sales leadership team

Stellar Industrial Supply announced several promotions and changes to its sales and commercial team leadership.

Manufacturing and construction jobs climbed in December

Manufacturing and construction employment rose in December, as total employment increased by 312,000 in December.

LA-CO Industries names new president

LA-CO Industries has appointed Steven R. Smith as president and chief executive officer, succeeding John Hardin, who served as president and CEO for 17 years.

A&M Industrial merges with Boro Supply

A&M Industrial Inc. has merged with Boro Supply Company, an industrial distributor headquartered in Fair Lawn, New Jersey.

Manufacturing growth slowed in December

Manufacturing expanded in December, as the Institute for Supply Management's purchasing index registered 54.1 percent, a decrease of 5.2 percentage points from the November reading of 59.3 percent.

Tech Air acquires Tri-Star Gases

Tech Air has acquired Tri-Star Gases, a distributor of industrial and welding supplies and gases based in El Monte, California, near Los Angeles.

Shingle & Gibb Automation acquires KOM Automation

Shingle & Gibb Automation announced the acquisition of KOM Automation of Amherst, New York.

Airgas to build two new ASUs

Airgas plans to build two new air separation units (ASUs) to increase bulk gas production in the Midwest and Northeast.