July 2021 News

MRC Global sales gain 14 percent

MRC Global Inc. reported second-quarter sales of $686 million, 14 percent higher than $602 million in the second quarter of 2020.

Lawson Products sales jump 47.7 percent

Lawson Products achieved second quarter sales of $106.5 million compared to $72.1 million in the prior year quarter, a 47.7 percent increase.

Ingersoll Rand posts double-digit revenue gain

Ingersoll Rand reported record double-digit revenue growth in the second quarter of 2021.

Columbus McKinnon revenue soars

Columbus McKinnon reported revenue of $213.5 million for its first quarter of fiscal 2022, up 53 percent from $139.1 million in last year's first quarter.

2Q GDP up by 6.5 percent

Real gross domestic product (GDP) increased at an annual rate of 6.5 percent in the second quarter of 2021, according to the "advance" estimate released by the Bureau of Economic Analysis.

Livers named president of World Electric Supply

Sonepar USA announced that Tammy Livers will lead World Electric Supply in the role of president.

Rockwell Automation sales climbed 32.6 percent

Rockwell Automation reported third-quarter sales of $1.8 billion were up 32.6 percent from $1.4 billion in the same period last year.

3M sales grew by 24.7 percent

3M said its second-quarter sales grew 24.7 percent year-on-year to $8.9 billion.

RBC Bearings to acquire ABB's Dodge mechanical power transmission division

RBC Bearings has entered into a definitive agreement to acquire the DODGE mechanical power transmission division of ABB for $2.9 billion in cash.

AIS receives Outstanding Quality Award

All Integrated Solutions (AIS), a division of MSC Industrial Supply Co., announced that it has received an Outstanding Quality Award from Motus Integrated Technologies for a second consecutive year.

Motion Industries sales climb 19.6 percent

Second-quarter sales for Motion Industries, the Industrial Parts Group of Genuine Parts Company, were $1.6 billion, up 19.6 percent from $1.3 billion in 2020.

Snap-on sales soar 49.3 percent

Snap-on reported second-quarter net sales of $1.1 billion, a 49.3 percent increase from 2020 levels.

Index suggests economic growth moderated in June

The Chicago Fed National Activity Index decreased to +0.09 in June from +0.26 in May.

Sonepar to acquire Springfield Electric

Sonepar USA has entered into an agreement to acquire Springfield Electric Supply Company, expanding its presence in the Midwest.

Kimball Midwest to open fifth DC

Kimball Midwest plans to open its fifth distribution center in the first half of 2022 when it begins operations at a 142,000-square-foot facility in Newtown, Connecticut.

BlackHawk Industrial acquires Reliance Supply

BlackHawk Industrial has acquired Reliance Supply, a distributor specializing in industrial fasteners, located in Jacksonville, Florida.

Ingersoll Rand makes offer to buy SPX Flow

Ingersoll Rand Inc. has confirmed that the company made an all-cash proposal on June 10 to acquire SPX Flow for $85 per share.

Bon Tool Co. acquires Plank-Ti assets

Bon Tool Co. has completed its acquisition of the operating assets of Plank-T, Inc. of Waynesboro, Virginia.

Audax acquires Solve Industrial Motion

Solve Industrial Motion Group has been acquired by Audax Private Equity, an investment firm that specializes in helping middle market companies grow in value and size.

Industrial production increased 0.4 percent in June

Industrial production increased 0.4 percent in June after moving up 0.7 percent in May.

May cutting tool consumption climbs 24.6 percent
May 2021 U.S. cutting tool consumption totaled $160.7 million, up 24.6 percent when compared with $129 million reported for May 2020

Emuge rebrands as Emuge-Franken

Emuge Corp. announced that the company brand name will be EMUGE-FRANKEN.

Core & Main launches IPO

Core & Main, the specialized distributor of water, wastewater, storm drainage and fire protection products, has begun the process to launch its initial public offering of common stock. 

Grainger earns 'Great Place to Work' certification

Grainger announced that its U.S. business has earned Great Place to Work Certification.

Rubber Tree Systems acquires WarehouseTWO

Rubber Tree Systems has entered into an agreement to acquire WarehouseTWO, an inventory-sharing software solution.

Turtle & Hughes named a Best Place to Work

For the second consecutive year, Turtle & Hughes has been named a Best Place to Work in New Jersey by NJBiz.

Fastenal's 2Q sales flat

Fastenal said its second-quarter sales decreased 0.1 percent to $1.507 billion from $1.509 billion in the same period last year.

Manufacturing Technology Orders jump 11 percent

U.S. Manufacturing Technology Orders totaled $448 million in May 2021, 11 percent over April orders and were nearly double that of May 2020.

Stellar Industrial Supply acquires R.G. Brewton

Stellar Industrial Supply announced the acquisition of R.G. Brewton, a Lawrence, Pennsylvania-based industrial distribution and integrated supply firm.

IWDC sets June sales record

Coming off a highly successful Sales & Purchasing Convention, IWDC set an all-time June monthly record with $26.6 million in members' spend.

Sonepar USA names new SVP of Supply Chain and Logistics

Sonepar USA announced that Ron Harper has joined Sonepar USA in the newly created role of senior vice president, Supply Chain and Logistics.

Applied releases newest Industrial Products catalog

Applied Industrial Technologies announced the release of its annual Product Catalog for 2021/2022.

MSC's sales climb 3.8 percent

MSC Industrial Supply posted net sales of $866.3 million for the third quarter, a 3.8 percent increase from $835 million in last year's third quarter.

Winsupply acquires Simon's Supply Co.

Winsupply Inc. has acquired Simon’s Supply Co. Inc., one of the oldest plumbing and heating distributors in Southeastern Massachusetts and adjacent Rhode Island.

B&D Industrial group receives Timken certification

B&D Industrial's Gearing+Reliability Solutions Group (GRS) service center in Macon, Georgia, recently received the Timken Bearing Certified designation after an extensive audit process.

Dakota Supply Group buys Calverley Supply

Dakota Supply Group (DSG) announced the acquisition of Michigan-based Calverley Supply Company.

Manufactured durable goods up by 2.3 percent in May

New orders for manufactured durable goods increased by 2.3 percent in May to $253.3 billion.

Factory employment rose slightly in June

Manufacturers added 15,000 jobs in June nationwide but the construction industry saw jobs decline by 7,000.

AD associates give back

AD associates across the U.S. and Mexico participated in a giving back event in June to create toy and activity boxes for hospitalized children and their families.

Manufacturing sector shows moderate growth

Economic activity in the manufacturing sector grew in June for the 13th consecutive month, but at a pace slightly lower than May.

May construction spending behind April

Construction spending during May 2021 was estimated at a seasonally adjusted annual rate of $1,545.3 billion, 0.3 percent below April's $1,549.5 billion.

Distribution One and Universal Business Systems merge

Two providers of enterprise resource planning software for the distribution industry have merged.

ISA board members begin new term

The Industrial Supply Association's new board of directors begin their new term starting July 1.