June 2024 News

Ingersoll Rand report points to new water and carbon goals
Ingersoll Rand Inc.'s newly released  2023 Sustainability Report, “Leading Sustainably through Execution” details the company’s commitment, action, and accomplishments related to a more sustainable future.

Wesco celebrates Day of Caring
On June 20, Wesco hosted its annual Day of Caring events for employees at numerous sites around the globe, celebrating communities where its people live and work.

EXAIR and BETE to merge
EXAIR, a provider of engineered compressed air solutions and static elimination, and BETE, a manufacturer of engineered spray nozzle and spraying systems, announced a merger in which EXAIR has acquired BETE.

Dematic names VP of sales for Americas region
Dematic hasnamed Michael Oren as senior vice president of sales for the Americas region.

JENNMAR Canada buys Dumotech
JENNMAR, a global provider of infrastructure products and specialized services to the civil, solar, mining, and construction industries and a FalconPoint Partners portfolio company, announced that it has acquired the assets of Dumotech Industrial Products ("Dumotech").

ORBIS golf outing raises $370K+ for children's hospital
On June 11, ORBIS Corp., a provider of reusable packaging solutions, hosted its fourth annual ORBIS Good Days for Kids golf outing that raised over $370,000 for the Children’s Wisconsin Pediatric Simulation and Resuscitation Program, marking $1 million raised since the inception of the fund-raiser.

Ingersoll Rand names new Life Science Technologies leader
Ingersoll Rand Inc. announced Scott Watson, former chief operating officer of ILC Dover (“ILC”), will serve as the senior vice president and general manager of its Life Science Technologies platform, effective immediately. He succeeds Corey Walker, who left the company to pursue an external opportunity.

NAHAD directory goes all-digital
NAHAD announced its new and improved all-digital Membership Directory.

Enerpac sales decline in third quarter
Enerpac Tool Group Corp. reported Q3 net sales were $150 million, a 4% decline year-over-year, due to the disposition of Cortland Industrial.

Rotor Clip launches multilingual website
Rotor Clip has launched its new multilingual website, designed to cater to a diverse and global audience. The comprehensive technical translations are now available in German and French, marking a strategic initiative to enhance the user experience and accessibility for customers worldwide.

Airgas sponsors SkillsUSA competitions
Airgas will once again sponsor and supply all industrial gases used at the SkillsUSA National Leadership & Skills Conference in Atlanta, June 24–27.

Wright appoints Ebbert Co. as new manufacturer representative
Wright announced that Ebbert Co. is its new manufacturer representative.

Moxa joins Mitsubishi Electric e-Factory Alliance Program
Moxa, a manufacturer of industrial network equipment, announced it is now an official partner in the Mitsubishi Electric e-Factory Alliance Program, an ecosystem of best-in-class digital leaders committed to transforming the factory automation space.

Singer Industrial taps new president
Singer Industrial has promoted Pete Haberbosch to to the position of president. He was formerly vice president of business development/mergers and acquisitions.

Danfoss Drives, Honeywell collaborate on automation solutions
Danfoss Drives has signed a non-binding memorandum of understanding (MoU) with Honeywell to explore a possible collaboration on innovating automation solutions with an integrated architecture, aiming to reduce downtime and lower engineering costs.

Epicor buys PIM and lead-gen provider KYKLO
Epicor announced it has acquired KYKLO, a provider of product information management (PIM) and content-driven lead generation solutions to drive sales for manufacturers and distributors. Financial terms were not disclosed.

CDO John Hill leaves MSC
DigitalCommerce360 reports that MSC Industrial Chief Digital Officer John Hill stepped down on June 12. MSC made the announcement in a filing with the U.S. Securities and Exchange Commission.

Kimball Midwest ranked among leading industrial distributors
Kimball Midwest, a national industrial supplier based in Columbus, is ranked for the 15th consecutive year on a leading list of the United States’ largest industrial suppliers. The company is No. 38 on Modern Distribution Management’s 2024 list of the top industrial distributors in the country.

Fed: May industrial production up 0.9%
Industrial production rose 0.9% in May, the Fed reported. Manufacturing output posted a similar gain of 0.9% after declining in the previous two months.

Columbus McKinnon publishes latest sustainability report
Columbus McKinnon Corp. has released its fourth annual Corporate Sustainability Report. This year, the report provides details on Columbus McKinnon’s performance highlights and progress made through fiscal 2024 on key sustainability initiatives.

Thermal Technology Distribution Solutions acquires Thermal Devices
Thermal Technology Distribution Solutions (TTDS), a platform for the distribution of industrial temperature management and related products, today announced it has acquired Thermal Devices (TD), a value-added distributor of industrial electric heaters, controls, thermocouples, and related products to manufacturers. The transaction includes Heat Tracing Sales, TD's heat trace cables, controls, and engineering support business serving mechanical and electrical contractors.

E-Z LOK director earns Fastner Specialist Certification
E-Z LOK Sales and Marketing Director Kyle Lindsly-Roach has obtained the Certified Fastener Specialist (CFS) designation. He completed the certification at the Fastener Training Institute in Glendale, California.

MRC wins ExxonMobil contract
MRC US has signed an agreement to be the primary provider of pipe, valves and fitting (PVF) products and services to ExxonMobil in North America.

April cutting tool orders bump up YTD total 5%
by Christopher Chidzik
Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT – The Association For Manufacturing Technology and the U.S. Cutting Tool Institute (USCTI), reached $214.7 million in April 2024. Orders increased 1.1% over March 2024 and grew by 13% over April 2023. Year-to-date shipments totaled $846.1 million, nearly 5% above shipments made in the first four months of 2023.

Pilot Precision puts catalog on MachiningCloud
Pilot Precision Products, a manufacturer of standard, CNC, and custom broaching tools and the exclusive U.S. master wholesaler for Magafor and GMauvais, has made most of its over 150-page catalog available on MachiningCloud.

CSV Marketing acquires Paramont Representatives
CSV Marketing, Inc., a manufacturers’ representative agency offering a diverse array of high-quality, industrial and safety products, announced the acquisition of Paramont Representatives in Arlington Heights, Illinois.

IWDC celebrates 30th anniversary
Just over three decades ago, the Independent Welding Distributors Association formed the Independent Welding Distributors Cooperative (IWDC) and, shortly afterward, merged with the Key Distribution Group (KDG).

H.H. Barnum receives 2024 SMC Distributor of the Year award
H.H. Barnum has been presented with the 2024 SMC Distributor of the Year award for the second time, having also received the accolade the last time it was awarded in 2017.

Fluke Reliability, Verusen partner on predictive maintenance, inventory optimization
Fluke Reliability has entered into a formal partnership agreement with Verusen that  combines Verusen’s AI-driven visibility of maintenance, repair, and operations (MRO) spare parts inventory and back-office functions with Fluke Reliability’s AI-powered enterprise asset management solutions.

Q1 manufacturing profitability down 13.5% vs. Q1 2023
U.S. manufacturing corporations' seasonally adjusted after-tax profits in the first quarter of 2024 totaled $200.0 billion, not statistically different from the $199.6 billion in the fourth quarter of 2023, reported the U.S Census Bureau.

April manufacturing tech orders slow decline
Orders of manufacturing technology, measured by the U.S. Manufacturing Technology Orders Report published by AMT – The Association For Manufacturing Technology, reached $317.9 million in April 2024. This is a 25.6% decrease from March 2024 but only 5.4% behind orders in April 2023.

ISA opens Fall Summit registration
Registration is now open for the Industrial Supply Association's (ISA) third annual Fall Summit in Orlando, September 25 to 27.

Wholesale trade employment unchanged in May
May employment showed little or no change in mining, quarrying, and oil and gas extraction; construction; manufacturing; wholesale trade; transportation and warehousing; information; financial activities; and other services, according to the U.S. Bureau of Labor Statistics.

Adhesive and Sealant Council adds new members
The Adhesive and Sealant Council (ASC) welcomed 15 new members to its ranks since the start of the year. 

DataXstream expands into EMEA, appoints overseas president
DataXstream LLC has expanded into Europe, Middle East and Africa markets (EMEA) with the opening of a new office in Barcelona, Spain. Jean-Jérôme (JJ) Peytavi has been appointed president of DataXstream EMEA.

Safety products are bright spot in Fastenal's May sales
Fastenal reported May net sales of $6.6 million, a 1.5% increase over May 2023. Daily sales for the month were $2.9 million.

Wholesale trade among 13 growth industries in May
Economic activity in the services sector grew in May after contracting in April for the first time since December 2022, say the nation’s purchasing and supply executives in the latest Services ISM Report On Business. The Services PMI registered 53.8%, indicating sector expansion for the 46th time in 48 months.

Kimberly-Clark plans to be natural forest-free by 2030
Kimberly-Clark today published its annual sustainability report, including an update on the company's progress toward its 2030 sustainability goals and a new ambition to be 100% Natural Forest Free across its portfolio beyond 2030.

Wesco acquires data center and BI software innovator
Wesco International has completed the purchase of entroCIM, an innovator in data center and building intelligence software.

AD, IMARK Electrical plan to merge
AD and IMARK Electrical have announced their intent to merge.

BlackHawk honors milestones of three employees
BlackHawk Industrial is recognizing the dedication and contributions of three employees as they celebrate significant milestones in their careers.

Reuseable packaging maker recognized by John Deere
ORBIS Corp., a global suppliers of reusable packaging solutions, has earned recognition as a Partner-level supplier for 2023 in the John Deere Achieving Excellence Program.

Small increase for April's durable goods orders
Up for three consecutive months, new orders for manufactured durable goods in April, increased $1.9 billion or 0.7% to $284.1 billion, the U.S. Census Bureau announced. This followed a 0.8% March increase.

Middle schoolers complete after-school STEM program with Airline Hydraulics
La Salle Academy, a private, independent Catholic grade school in North Philadelphia, celebrated its successful partnership with Airline Hydraulics, a local manufacturing company, for an educational after- school STEM program designed for 7th graders.

Hamilton Caster appoints new director of sales
Hamilton Caster & Mfg. Co., a 117-year-old manufacturer of heavy-duty industrial casters, wheels, carts, and in-plant trailers, appointed Andrew D. Stamp as its new director of sales & business development.

STAFDA anounces Nashville educational sessions
Building better business skills is the overriding theme for the Specialty Tools & Fasteners Distributors Association’s Educational Workshops during its 48th Annual Convention & Trade Show. STAFDA has a loaded agenda for its November 10-12 Convention & Trade Show at the Music City Center in Nashville, Tenessee.

Ingersoll Rand closes ILC deal, acquires three more companies
Ingersoll Rand Inc. closed on its previously announced acquisition of ILC Dover and has acquired Complete Air and Power Solutions (“CAPS”), Del PD Pumps & Gear Pvt Ltd. (“Del Pumps”), and Fruvac Ltd. (“Fruitland Manufacturing”) for a combined purchase price of approximately $150 million.

Evergreen Supply Network appoints executive director
The Evergreen Supply Network board of directors has named Jen Miller executive director of the organization effective June 1, 2024.

April construction spending leaps 10.9% YOY
The April figure is 10.0% (±1.5%) above the April 2023 estimate of $1,907.8 billion. During the first four months of this year, construction spending amounted to $635.5 billion, 10.9% (±1.2%) above the $573.0 billion for the same period in 2023.

Moblico, Continuum partner on easier distributor warranties, repairs, returns
Moblico, a provider of mobile engagement solutions for wholesale distributors, has partered with Continuum, which specializes in multi-party returns management, to help distributors better manage warranties, repairs, and returns.

Tribute Inc. names new president
Tribute Inc., an ERP software provider specializing in engineered products, fluid power, fluid handling, hose & accessories, along with automation and motion control industries, has promoted Thomas P. Knoebel to the position of president.

ContiTech announces new sustainability leader
Anne Windberg Baarup took over the management of the sustainability department for Continental’s group sector ContiTech on June 1. She is now responsible for the strategic direction and global management of sustainability activities for the company’s industrial business.

More manufacturing contraction in May
Economic activity in the manufacturing sector contracted in May for the second consecutive month and the 18th time in the last 19 months, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.