June 2019 News

PIP acquires Dynamic Safety

PIP Global Holdings Inc. announced the acquisition of DSI Safety Inc. headquartered in Laval, Canada.

Grainger picks new creative agency

Grainger has selected gyro as its creative agency of record after a formal review process.

PFERD names new VP of sales

PFERD Inc. announced the appointment of Rafael Astacio to the position of vice president, sales.

Real GDP increased 3.1 percent in Q1

Real gross domestic product (GDP) increased at an annual rate of 3.1 percent in the first quarter of 2019, according to the "third" estimate released by the Bureau of Economic Analysis.

Dakota Supply Group selects Eclipse

Epicor Software Corporation announced Dakota Supply Group has selected the Epicor Eclipse solution.

Evergreen elects board and supplier advisory council

The Evergreen Marketing Group announced its new board of directors and supplier advisory council effective July 1, 2019.

Actuant sales decline 6.9 percent

Actuant Corporation reported third-quarter sales of $295 million, a decline of 6.9 percent from $317 million in last year's third quarter.

Kaman Industrial Technologies to be acquired by Littlejohn

Kaman Corporation has entered into a definitive agreement to sell its distribution segment to affiliates of Littlejohn & Co. for total cash consideration of $700 million.

RitterTech opens Rockford ParkerStore

RitterTech announced the opening of a new ParkerStore in Rockford, Illinois.

Chicago Fed National Activity Index rose in May

Led by improvements in production-related indicators, the Chicago Fed National Activity Index rose to –0.05 in May from –0.48 in April.

ID magazine publisher shuts down

Advantage Business Media, parent company of Industrial Distribution magazine, has ceased operations.

Pelican Products names operations team addition

Pelican Products announced the addition of Christopher Favreau as vice president and general manager of operations for Pelican’s South Deerfield, Massachusetts production plant.

Ohio Transmission acquires Furey Filter and PSI Engineering

Ohio Transmission Corporation announced the acquisition of Furey Filter & Pump and its subsidiary, PSI Engineering.

U.S. cutting tool consumption up 1.3 percent In April

April 2019 U.S. cutting tool consumption totaled $206.3 million, up 1.3 percent when compared with the $203.7 million reported for April 2018.

May industrial production rose 0.4 percent

Industrial production rose 0.4 percent in May after falling 0.4 percent in April.

Channellock announces expansion plans

Channellock Inc. announced a 35,000 square foot expansion plan for its finished goods warehouse and distribution facilities.

WESCO and Plug and Play launch B2B sales and distribution accelerator

WESCO International has entered into an alliance with Silicon Valley-based Plug and Play, a global innovation and startup accelerator platform.

HD Supply sales up 7.5 percent

HD Supply Holdings reported net sales of $1.5 billion for the first quarter of fiscal 2019, an increase of 7.5 percent compared to the first quarter of fiscal 2018.

Reed names Southeast regional manager

Reed Manufacturing named Dan Reinecke as regional manager for the Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, and Tennessee markets.

Turtle & Hughes names RDC operations manager

Turtle & Hughes announced that Nicholas Marcello has been promoted to operations manager of the company’s regional distribution center (RDC) in Piscataway, New Jersey.

CI Capital Partners forms partnership with McLendon

CI Capital Partners, a New York-based private equity firm, has formed a partnership with Scott McLendon, the former chief executive officer of Rexel USA East, to pursue a platform company investment in the industrial automation distribution sector.

ORS Nasco supports Workshop for Warriors

ORS Nasco announced its support of Workshops for Warriors, a nonprofit school that trains, certifies and helps place veterans, Wounded Warriors and transitioning service members into advanced manufacturing careers.

Manufacturing technology orders fall 17.6 percent

U.S. manufacturing technology orders totaled $344.6 million in April 2019, the lowest April reading since 2016 when orders totaled $293.2 million.

Manufacturing and construction show small job gains in May

Factory employment increased by 3,000 in May, following a 5,000 jobs gain in April.

Valin acquires Pacific Technical Products

Valin Corporation has acquired Pacific Technical Products (PTP), located in Valencia, California.

Fastenal sales climb 9.5% in May

Fastenal had sales of $472.4 million in May, a 9.5 percent gain from $431.4 million in May 2018.

Motor City Industrial acquires Quality Fastener and Supply

Motor City Industrial announced the acquisition of Quality Fastener and Supply Co., a distributor of industrial consumables and ancillary products based in Oxford, Michigan.

Knipex Tools expands sales team

Knipex Tools named Patrick Mooney as national sales manager for Canada, Brian Nolan as territory manager and Craig Kosik as account manager.

John Henry Foster Minnesota acquired by High Road Capital

High Road Capital Partners has completed the acquisition of John Henry Foster Minnesota Inc.

MSC names senior vice president

MSC Industrial Supply announced that Edward Martin has joined the company as senior vice president of sales and customer success.

Singer Equities acquires 4-STAR Hose & Supply

Singer Equities has acquired 4-STAR Hose & Supply, headquartered in Dallas.

Manufacturing growth slowed in May

Manufacturing expanded at a slower pace in May compared to April.

Imperial Dade acquires Strauss

Imperial Dade announced its acquisition of Strauss Paper Company on May 31, 2019.