June 2018 News

Kennametal names Stranghoener chairman

Kennametal Inc. has appointed Lawrence W. Stranghoener as chairman of the board effective July 1. 

Airmaster adds digital marketing specialist

Airmaster has hired Michael Fisette as its digital marketing specialist.

Sunset Industrial Parts joins IDC

IDC-USA announced that Sunset Industrial Parts, an independent power transmission components and hose distributor, has joined the distributor cooperative.

H.B. Fuller revenue climbs 41 percent

H.B. Fuller reported second-quarter net revenue grew 41 percent to $789.4 million versus the same period in 2017, driven by the addition of the Royal business.

Emerson announces executive changes at Appleton Group

Emerson announced executive changes at Appleton Group, an Automation Solutions business.

Ideal Tridon acquires Clamp and Campbell Fittings

Ideal Tridon Holdings Inc., a portfolio company of Snow Phipps Group, has acquired Clamp S.r.l. and Campbell Fittings.

Martin Plant Services rebrands as Martin Integrated Supply

Martin Inc. announced that Martin Plant Services is rebranding, effective immediately, as Martin Integrated Supply.

Tebon to lead Dorner aftermarket sales effort

Kelly J. Tebon has been named to lead the expansion of Dorner’s aftermarket sales program.

Hydraulic Supply Company opens new Florida location

Hydraulic Supply Company announced the opening of a new location in Medley, Florida.

Economic growth slowed in May

The Chicago Fed National Activity Index fell to –0.15 in May from +0.42 in April.

Streamlight names Southeast regional sales manager

Streamlight named Travis Bridgette its Southeast regional sales manager for the fire and industrial markets.

THB adds MRO products and services

Industrial fasteners distributor THB, an affiliate of Fairmont Supply, announced the expansion of its product offering to include a full line of industrial maintenance, repair and operations supplies.

Ferguson reports 8 percent revenue gain

Ferguson reported third-quarter revenue of $5.08 billion, 8.0 percent ahead of last year at constant exchange rates and 7.1 percent ahead on an organic basis.

Actuant sales increased by 7 percent

Actuant Corporation reported third-quarter consolidated sales of $317.1 million increased 7 percent over the comparable prior year quarter.

Register for the FPDA/ISD Joint Industry Summit

Registration is open for the 2018 FPDA/ISD Joint Industry Summit.

Task Tools celebrates 50th anniversary

Task Tools is celebrating 50 years of selling hand tools, power tool accessories, abrasives and worksite accessories throughout North America.

MITS becomes IMARK service provider

MITS announced that it has become a member service provider to IMARK Group Inc., one of the largest independent marketing cooperatives in the world, with 830 independently owned electrical distributors as members.

Mayhew Tools names Western region sales manager

Mayhew Steel Products named Wayne Smith as new Western regional sales manager.

F.W. Webb opens CT location

F.W. Webb Company announced the opening of a new plumbing and heating wholesale store in Meriden, Connecticut.

Columbus McKinnon names VP global product development

Columbus McKinnon Corporation announced the appointment of Mario Y. Ramos as vice president, global product development.

PTI offers new training module

The Power Tool Institute (PTI) announced the launch of its new online training module, “Power Tool Safety – It’s in Your Hands,” designed to help users better understand the safe way to use power tools.

Simonds Saw holds largest ever distributor training program

Simonds Saw held its most attended ‘Little Red Schoolhouse’ training session in over five years.

Industrial production down 0.1 percent in May

Industrial production edged down 0.1 percent in May after rising 0.9 percent in April.

Kennametal CFO to retire

Kennametal Inc. announced that vice president and chief financial officer Jan Kees van Gaalen will retire from the company in September 2018.

Kimball Midwest named top workplace

Kimball Midwest, a national industrial supplier based in Columbus, Ohio, recently was named one of the top workplaces in Central Ohio for the sixth year in a row.

Kimball Midwest names CMO

Kimball Midwest welcomed Bill Carrier as the company's new chief marketing officer (CMO).

PTDA Industry Summit registration opens

The Power Transmission Distributors Association has opened advanced registration for its PTDA 2018 Industry Summit to be held at The Broadmoor, October 17-20, 2018, in Colorado Springs, Colo.

MITS becomes service provider to IDCO

IDCO Co-op announced the addition of MITS as its newest endorsed service supplier.

Manufacturing technology orders rise in April

Manufacturing technology orders climbed 10.5 percent year over year in April 2018, with orders for the year up 22.2 percent when compared to the same point in 2017.

AD holds Finance & HR Summit

AD welcomed 195 attendees at its 2018 AD Finance & HR Summit May 22-24 at the Westin Denver International Airport in Denver.

Genuine Parts acquires German auto parts distributor

Genuine Parts Company announced an acquisition for its European Automotive business.

Walter Surface Technologies acquires Blackstone supply agreement

Walter Surface Technologies announced the acquisition of the Fastenal Blackstone supply agreement and all related inventory from Sundisc Abrasives USA LLC.

Fastenal sales rise 12.5 percent in May

Fastenal reported sales of $431.4 million in May, a 12.5 percent increase from $383.4 million in May 2017.

Sphere 1 award winners named

Sphere 1 recognized member and supplier award winners at its recent annual meeting and conference.

HD Supply posts 14.2 percent sales gain

HD Supply reported net sales of $1.4 billion for the first quarter of fiscal 2018, an increase of 14.2 percent compared to $1.2 billion in the first quarter of fiscal 2017.

Osborn launches end-user van program

Osborn announced the launch of new end-user vans designed to get Osborn products in the hands of consumers starting in the Chicago metropolitan area in May.

Manufacturing expanded in May

Manufacturing expanded in May as the Institute for Supply Management purchasing index registered 58.7 percent, an increase of 1.4 percentage points from the April reading of 57.3 percent.

Kaman Fluid Power opens ParkerStore in Peoria

Kaman Fluid Power announced the opening of a new ParkerStore in Peoria, Illinois, its 27th ParkerStore.

ERIKS North America companies announce rebranding

ERIKS North America-owned companies Lewis-Goetz, EVCO House of Hose, and Valley Rubber & Gasket, announced that they are rebranding as ERIKS, effective June 1, 2018.

Bridgestone HosePower acquires Industrial Rubber Co.

Bridgestone HosePower, a wholly owned indirect subsidiary of Bridgestone Corporation, has acquired Industrial Rubber Co., a hydraulic and industrial hose sales and service company based in Elizabeth, New Jersey.

NetPlus Alliance Receives Outstanding Internship Partner Award

NetPlus Alliance received the Outstanding Internship Partner award from the University at Buffalo School of Management’s Career Resource Center.

Factory and construction jobs rise in May

Manufacturing employment continued its recent expansion, gaining 18,000 jobs during May.