July 2019 News

Timken sales climb 10 percent

Timken Company reported second-quarter 2019 sales of $1 billion, up 10.3 percent from the same period a year ago.

Rexnord sales increase 1 percent

Rexnord Corporation reported that its fiscal 2020 first quarter net sales of $508 million increased 1 percent compared to last year's first quarter.

Kaman to expand bearings operation

Kaman Corp. has secured land in Würzburg, Germany to build a new facility to support the expansion of Gebr. Reinfurt GmbH & Co. KG, a precision bearings operations focused on miniature bearings for the medical, aerospace, and industrial end markets.

Columbus McKinnon sales decline 5.5 percent

Columbus McKinnon Corporation said its fiscal 2020 first quarter sales of $213 million declined by 5.5 percent from $225 million in the same period last year.

Ingersoll Rand revenues up 4 percent

Ingersoll-Rand plc reported revenues of $4.5 billion in the second quarter, a 4 percent improvement from $4.3 billion in last year's second quarter.

Eaton sales up 1 percent

Eaton Corporation reported that sales in the second quarter of 2019 were $5.5 billion, up 1 percent over the second quarter of 2018.

AgoNow names interim CEO

AgoNow LLC announced that Mike Denning has been named its interim CEO.

Fairmont Supply names Larry Davis president

Fairmont Supply Company has added distribution industry veteran Larry Davis to its team as its president.

ISA appoints new board of directors

The Industrial Supply Association announced the appointment of its new board of directors for the 2019-2020 year.

Horizon Solutions adds to executive team

Horizon Solutions appointed Doug Walo vice president of energy services and construction sales East.

Rockwell Automation sales decline 2 percent

Rockwell Automation reported fiscal 2019 third quarter sales of $1.66 billion, down 2.0 percent from $1.69 billion in the third quarter of fiscal 2018.

3M sales down 2.6 percent

3M reported second quarter sales of $8.2 billion were down 2.6 percent year-on-year.

Lawson Products sales grew 6.3 percent

Lawson Products said its second quarter sales of $96.1 million increased 6.3 percent year-over-year. 

AD's Moyer named CFO of the Year

Drew Moyer, CFO of AD, the member owned buying/marketing group, has been awarded 2019 CFO of the Year by the Philadelphia Business Journal.

Grainger sales up 1 percent

Grainger reported sales of $2.9 billion in the second quarter increased 1 percent versus the 2018 second quarter.

Kimberly-Clark sales remain flat

Kimberly-Clark Corporation said its second quarter 2019 net sales of $4.6 billion were even with the year-ago period.

Pentair sales rise 2 percent

Pentair reported second-quarter 2019 sales of $800 million were up 2 percent compared to sales for the same period last year.

PTDA gearing up for Industry Summit

The Power Transmission Distributors Association is expecting 550 delegates in the power transmission/motion control industry at the PTDA 2019 Industry Summit in Austin, Texas.

Distribution One offers Business AI

Business AI is now built into Distribution One’s comprehensive ERP-ONE+ business software.

Pelican Products names director of worldwide procurement

Pelican Products announced the hiring of Frank Gennaco as director of worldwide procurement.

Chicago Fed National Activity Index increased in June

The Chicago Fed National Activity Index ticked up to –0.02 in June from –0.03 in May.

ContiTech hose plant celebrates 40 years

Continental’s Norfolk, Nebraska, hose plant is celebrating its 40th anniversary this year.

Motion Industries names West Group vice president

Motion Industries has named Jeremy Barton vice president of the company’s West Group, effective Aug. 1, 2019.

Eaton acquires Innovative Switchgear Solutions

Eaton announced it has completed the acquisition of Innovative Switchgear Solutions Inc., a specialty manufacturer of medium-voltage electrical equipment serving the North American utility, commercial and industrial markets.

RIDGID names marketing director of Global Press Connection

RIDGID has named Mitch Barton marketing director for RIDGID Global Press Connection.

Enviro Safety Products moves into new location

Enviro Safety Products has moved to a new and larger office space in Santa Clarita, California.

Walter names regional channel development managers

Cutting tool manufacturer Walter announced the appointment of two new regional channel development managers.

Snap-on sales decline 0.3 percent

Snap-on Incorporated said its second-quarter net sales of $951.3 million decreased $3.3 million, or 0.3 percent, from 2018 levels.

Genuine Parts sales increase 2.3 percent

Genuine Parts Company reported sales for the second quarter were a record $4.9 billion, a 2.3 percent increase compared to $4.8 billion for the same period in 2018.

Industrial production unchanged in June

Industrial production was unchanged in June, as increases for both manufacturing and mining offset a decline for utilities.

ARC Abrasives adds quick-change disc machine

ARC Abrasives is expanding capacity by adding a new quick-change disc machine.

May cutting tool consumption down from year ago

May 2019 U.S. cutting tool consumption totaled $213.4 million, up 2.9 percent from April's $207.5 million and down .8 percent when compared with the $215.1 million reported for May 2018.

Hunter Industrial adds to executive team

Hunter Industrial, a division of the Hunter Fan Company, has named Mark D’Agostino its new senior vice president and general manager.

Grainger Adds HealthCare Facility Compliance Solution

Grainger announced an agreement with HealthCare Facility Compliance Corp. (HCFC) to offer Grainger health care customers a comprehensive governance, risk and compliance (GRC) solution.

Bossard Group sales down 1.6 percent in 2Q

Bossard Group saw a 3.2 percent drop in sales to CHF 218.7 million ($222.3 milion) in the second quarter.

Vallen names Harris director of metalworking

Vallen Distribution Inc. has named Rick Harris director of metalworking.

Sandvik acquires stake in Beam IT

Sandvik has acquired a 30 percent stake in Beam IT, a Europe-based additive manufacturing service provider.

Hillenbrand to acquire Milacron

Hillenbrand Inc. and Milacron Holdings Corp. have entered into a definitive agreement under which Hillenbrand will acquire Milacron for approximately $2 billion.

Fastenal sales climb 7.9 percent

Fastenal Company said net sales of $1.4 billion increased 7.9 percent in the second quarter of 2019 compared to the second quarter of 2018.

Kennametal to close manufacturing facilities

Kennametal announced several restructuring actions that would facilitate a simplified and leaner structure, while further positioning the company for long-term profitable growth.

MSC sales grow by 4.6 percent

MSC Industrial Supply reported net sales of $866.5 million for the third quarter, a 4.6 percent increase compared to $828.3 million in the same period last year.

Genuine Parts Company completes Inenco acquisition

Genuine Parts Company announced that it has purchase the remaining 65 percent stake of Inenco Group, effective July 1, 2019.

Shurtape Technologies joins IBC

IBC announced that Shurtape Technologies, a manufacturer and marketer of pressure-sensitive adhesive tape products, has joined the IBC industrial buying group as a preferred supplier.

Gardner Denver acquires Swedish pump solutions provider

Gardner Denver Holdings has acquired Oina VV AB, for approximately $10 million funded by cash on hand.

Actuant to sell Engineered Components segment

Actuant Corporation announced plans to sell its Engineered Components & Systems segment to an affiliate of One Rock Capital Partners.

Core & Main completes Long Island Pipe acquisition

Core & Main LP has closed on its previously announced agreement to acquire Long Island Pipe Supply Inc., a provider of fire protection products and fabrication services.

Pelican Products names director of supply chain and inventory performance

Pelican Products announced that Michael Bubica was promoted to director of supply chain and inventory performance.

Manufacturing technology orders up 7.3 percent

U.S. manufacturing technology orders rose to $378.4 million in May, an increase of 7.3 percent over the previous month.

June job gains for construction and manufacturing

The construction and manufacturing sectors each added jobs in June, as total employment increased by 224,000 for the month.

Applied releases latest catalog

Applied Industrial Technologies announced the release of its new industrial products catalog for 2019/2020.

MITS acquired by Eden Capital

MITS, an analytic platform with business intelligence within the manufacturing and distribution space, has been acquired by Eden Capital.

AD Finance and HR Summit called a success

AD welcomed more than 180 attendees from 114 AD member owner distributors and service providers to the second annual AD Finance & HR Summit in St. Paul, Minnesota, in early June.

Manufacturing expansion slowed in June

Manufacturing expanded in June, as the Institute for Supply Management purchasing index registered 51.7 percent, a decrease of 0.4 percentage point from the May reading of 52.1 percent.

Industry veterans form new rep group

Industry veterans Bill Ward and Skip DeVilling have joined forces to form The Arrowhead Group (TAG) a manufacturers representative group serving industrial and construction markets.

Imperial Dade acquires The Paper Company

Imperial Dade, a distributor of disposable food service and janitorial supplies, announced the acquisition of The Paper Company Inc.

C&B Equipment acquires Douglas Pump

Industrial and municipal equipment distribution and service company C&B Equipment has acquired Douglas Pump Service Inc. based in Overland Park, Kansas.

Kimball Midwest announces largest private label launch

Kimball Midwest announced the largest private-label launch in the company’s 96-year history.

Tribute partners with Aldrich Web Solutions

Tribute Inc. selected Aldrich Web Solutions, a provider of integrated e-commerce apps and websites for distributors, as its official e-commerce partner.

Ideal Tridon acquires ZSiFoster

Ideal Tridon Holdings, a portfolio company of Snow Phipps Group, has completed the acquisition of ZSiFoster Acquisition Corporation from Pfingsten Partners.