July 2018 News

Alaska Rubber Group joins IDCO

IDCO Co-op announced the addition of Alaska Rubber Group to the co-op of distributors of hose, fitting, gaskets, rubber materials and related products.

Manufacturing expanded in July

Manufacturing expanded in July as the Institute for Supply Management's purchasing index registered 58.1 percent, a decrease of 2.1 percentage points from the June reading of 60.2 percent.

Core & Main acquires DOT Sales Company

Core & Main LP has completed the acquisition of select assets of DOT Sales Company, a Southern California-based distributor and manufacturer’s representative of waterworks products.

Columbus McKinnon sales up 10.4 percent

Columbus McKinnon Corporation said sales in its fiscal year 2019 first quarter of $225 million reflected a 10.4 percent increase from $204 million in the same period last year.

Eaton reports 7 percent sales gain

Eaton Corporation reported sales in the second quarter of 2018 were $5.5 billion, up 7 percent over the same period in 2017.

Purvis Industries acquires Powder River Power

Purvis Industries announced the acquisition of Powder River Power Inc. located in Gillette, Wyoming.

Timken sales grow by 21 percent

The Timken Company reported second-quarter 2018 sales of $906.3 million, up approximately 21 percent from $751 million in the same period a year ago.

AD sales up 13 percent

AD reported a 13 percent increase in member sales across 12 AD divisions, totaling $20.1 billion through the first six months of the year.

GDP hits 4.1 percent

Real gross domestic product increased at an annual rate of 4.1 percent in the second quarter of 2018, according to the "advance" estimate released by the Bureau of Economic Analysis.

Essendant sales decline 0.5 percent

Essendant said its second quarter sales declined 0.5 percent to $1.3 billion in the quarter, when compared to the prior year quarter.

Timken to acquire Rollon

The Timken Company has reached an agreement with pan-European firm Chequers Capital and IGI Private Equity to acquire Rollon Group.

Lawson Products sales climb 20.5 percent

Lawson Products reported sales of $90.4 million for the second quarter were up 20.5 percent compared to $75.0 million in 2017.

Praxair posts 8 percent sales gain

Praxair reported sales in the second quarter were $3.06 billion, 8 percent above the prior-year quarter, driven by 2 percent higher pricing and 5 percent volume growth across all segments.

Premier Building Solutions to expand headquarters

Premier Building Solutions, a manufacturer, seller and distributor of sealants, adhesives, flashing, and foams, announced a 24,000 square foot expansion to the company’s global headquarters.

Sherwin-Williams sales climb 27.8 percent

Sherwin-Williams announced consolidated net sales increased 27.8 percent to $4.77 billion in the second quarter due primarily to the addition of Valspar sales, higher paint sales volume in The Americas Group and selling price increases.

Pentair sales increased 4 percent

Pentair announced second quarter 2018 sales of $781 million, up 4 percent compared to sales of $754 million for the same period last year. 

Kimberly-Clark sales edged up 1 percent 

Kimberly Clark reported second quarter 2018 net sales of $4.6 billion increased 1 percent compared to the year-ago period.

Ingersoll Rand revenues climb 11 percent

Ingersoll-Rand plc reported second-quarter net revenues of $4.4 billion, up 11 percent from $3.9 billion in the same quarter last year.

Rockwell Automation sales rise 6.2 percent

Rockwell Automation reported fiscal 2018 third quarter sales of $1.7 billion, up 6.2 percent from $1.6 billion in the third quarter of fiscal 2017.

Applied introduces new catalog

Applied Industrial Technologies introduced its new 2018/2019 Applied Product Catalog.

3M sales up 7.4 percent

3M reported second-quarter sales were up 7.4 percent to $8.4 billion.

Timken to acquire Cone Drive

The Timken Company has reached an agreement to acquire Cone Drive, a supplier of precision drives used in diverse markets including solar, automation, aerial platforms, and food and beverage.

Mars Supply acquires T.C. Clipper Company

Mars Supply announced the acquisition of T.C. Clipper Company, an Eden Prairie, Minnesota-based distributor of cutting tools and related accessories.

ERIKS North America opens gasket shop in Chicago

ERIKS North America announced the opening of a new metal gasket and fastener fabrication shop at its 40,000-square-foot Chicago Service Center in Sauk Village, Illinois.

Chicago Fed National Activity Index rebounds

The Chicago Fed National Activity Index rebounded to +0.43 in June from –0.45 in May.

DPA Buying Group adds to Industrial & Contractor division

The DPA Buying Group welcomed 15 new distributor members to its industrial & contractor supply division.

Tribute adds functionality to TrulinX

Tribute Inc. announced that it has added functionality to its TrulinX Software for distributors that offer fabrication services.

Bolts & Nuts merges with Technical Threads

Chattanooga, Tennessee-based Bolts & Nuts Corp. announced it has merged with Technical Threads of Franklin, Indiana.

SunSource to acquire United Distribution Group

SunSource Holdings Inc., a distributor of fluid power and fluid process components and systems in the U.S. and Canada, announced a definitive agreement to acquire The United Distribution Group Inc.

Snap-on reports 3.6 percent sales gain

Snap-on reported second-quarter net sales of $954.6 million increased 3.6 percent from 2017 levels.

Motion Industries sales increased 8.7 percent

Motion Industries recorded sales of $1.6 billion for the second quarter, an increase of 8.7 percent compared to $1.5 billion in the same period last year.

Air Products plans new headquarters facility

Air Products announced plans to build a new global headquarters on a 50-acre property about one mile from its current location in Pennsylvania’s Lehigh Valley.

Grainger sales up 9.4 percent

Grainger reported second-quarter sales of $2.9 billion increased 9.4 percent versus $2.6 billion in the second quarter of 2017.

Industrial production rose 0.6 percent in June

Industrial production rose 0.6 percent in June after declining 0.5 percent in May.

Weldcote Metals adds to sales team

Weldcote Metals Inc., a division of Zika Group, announced the addition of Fritz Klug as northern sales manager and Jay Hickman as southern sales manager.

Beacon Roofing acquires Atlas Supply

Beacon Roofing Supply has acquired Atlas Supply Inc., a distributor of sealants, coatings, adhesives and related waterproofing products.

PTDA adds four new members

The Power Transmission Distributors Association recently welcomed four new member companies.

Rubber Tree Systems becomes IDCO supplier

IDCO Co-op announced the addition of Rubber Tree Systems as an endorsed service supplier.

Air Hydro Power acquires Alabama Bolt and Supply

Air Hydro Power Inc., located in Louisville, Kentucky, has acquired Alabama Bolt and Supply Incorporated of Montgomery.

Milwaukee Tool to begin headquarters expansion

Milwaukee Tool will begin construction on an expansion of its global headquarters campus in Brookfield, Wisconsin.

Hultafors Group acquires Hellberg Safety

Hultafors Group of Goteborg, Sweden, announced the acquisition of Hellberg Safety AB  based in Stenkullen, Sweden.

MSC reports 11.3 percent sales increase

MSC Industrial Supply said its fiscal 2018 third quarter sales of $828.3 million were 11.3 percent higher than the same period last year.

Fastenal sales up 13.1 percent

Fastenal reported second-quarter sales of $1.27 billion, a 13.1 percent increase from last year's second quarter.

Fuller & Associates adds Grobet USA line

The manufacturer's rep firm Fuller & Associates now represents Grobet USA in Arkansas, Louisiana, Oklahoma and Texas.

Deb Group receives SMA awards

Deb Group, an SC Johnson company, was recognized by the Strategic Market Alliance during its Alliance Member-Supplier Conference.

Piping and Equipment opens Houston area branch

Fairmont Supply Company subsidiary Piping and Equipment announced the opening of a Houston North branch location.

Manufacturing technology orders rebound in May

U.S. manufacturing technology orders in May posted double-digit growth rates month over month and year over year.

Manufacturing, construction and mining jobs increased in June

Manufacturing added 36,000 jobs in June, while the construction and mining industries also showed employment gains. 

Sandvik completes Metrologic acquisition

Sandvik has completed the acquisition of the French metrology software company Metrologic Group from Astorg Partners.

Praxair to sell European businesses

Praxair has signed an agreement to sell the majority of its businesses in Europe to Taiyo Nippon Sanso Corporation.

Pelican Products names new general counsel

Pelican Products Inc. has appointed Stacey McGuire as general counsel to lead the legal function at Pelican.

Manufacturing expanded in June

Manufacturing expanded in June as the ISM purchasing managers index registered 60.2 percent, an increase of 1.5 percentage points from the May reading of 58.7 percent.

Construction spending rose 0.4 percent in May

Construction spending during May 2018 was estimated at a seasonally adjusted annual rate of $1,309.5 billion, 0.4 percent above the revised April estimate of $1,304.5 billion.

Wilcox-Slidders merges with Tool Krib Supply

Wilcox-Slidders of West Caldwell, New Jersey, an 88 year old specialty distributor serving the manufacturing industry, has merged with Tool Krib Supply.

PTDA releases Voice of the End Customer report

There are distinct differences in what end customers want from their distributors depending on the type of industry, the role of the person within their company and even their geographic location.

Airgas pledges continued support of Operation Homefront

Airgas, an Air Liquide company, has pledged to continue its support of Operation Homefront.

Motion Industries opens Seattle area DC

Motion Industries has opened a new distribution center in Auburn, Washington.