March 2022 News

Bosch Rexroth sales up by 20 percent

Bosch Rexroth reported that its 2021 sales increased by 20 percent to 6.2 billion euros.

MSC's 2Q sales up 11.4 percent

MSC Industrial Supply reported net sales of $862.5 million for its fiscal 2022 second quarter, an increase of 11.4 percent from $774 million in the same period last year.

OTC acquires American Industrial Corporation

OTC Industrial Technologies announced the acquisition of American Industrial Corporation.


Content and e-commerce solution provider KYKLO has joined The FPDA Motion & Control Network, formerly the Fluid Power Distributors Association, as a service/vendor associate.

Q4 GDP grew by 6.9 percent

Real gross domestic product increased at an annual rate of 6.9 percent in the fourth quarter of 2021, according to the "third" estimate released by the Bureau of Economic Analysis.

Hy-Tek Holdings acquires FASCOR and LCS

Hy-Tek Holdings, a portfolio company of Dunes Point Capital, has acquired FASCOR and LCS.

LeadSmart Channel Cloud for Distributors launches

LeadSmart Technologies announced the release of its new LeadSmart Channel Cloud for Distributors product.

Optimas Solutions Earns ISO 9001:2015 Certification

Optimas Solutions announced that the company has renewed its ISO 9001:2015 certification for its quality management systems.

DXP Enterprises reports profitable 2021

DXP Enterprises said its fiscal 2021 sales increased 10.8 percent to $1.1 billion, compared to $1.0 billion for 2020.

Koehler Welding Supply announces promotions

Koehler Welding Supply announced the promotions of Todd Ungru to president, and Doug Ungru as vice president, effective immediately.

Woodgrain to acquire Huttig Building Products

Woodgrain Inc. has agreed to acquire Huttig Building Products, a distributor of millwork, building materials, and wood products.

Peters to lead ASC's membership programs

The Adhesive and Sealant Council (ASC) announced that Brian Peters has joined the ASC team as director of Membership and Industry Programs.

Enerpac Tool sales rise 16 percent

Enerpac Tool Group reported net sales of $137 million for its fiscal 2022 second quarter, a 16 percent increase from $121 million in the same period last year.

AD associates give back to local charity

AD associates participated in a giving back event on March 17 by supporting Cradles to Crayons, a Philadelphia-area nonprofit organization.

Kano Laboratories signs deal with ISM

Kano Laboratories, producer of the Kroil-branded penetrating oils and lubricants, signed an agreement with Inman Sales and Marketing to represent Kano’s products in the southeastern United States.

Chicago Fed National Activity Index decreased slightly in February

The Chicago Fed National Activity Index moved down to +0.51 in February from +0.59 in January.

Solve Industrial Motion names COO

Solve Industrial Motion Group has hired Mark Chandler as the chief operating officer.

SureWerx acquires Footwear Specialties International

SureWerx, a global manufacturer of safety, tool and equipment products, has acquired Footwear Specialties International (FSI).

Tompkins Solutions names VP of sales

Supply chain consulting and services firm Tompkins Solutions announced that Brian Crowle has joined the company as vice president of sales.

Industrial production rose 0.5 percent in February

Total industrial production rose 0.5 percent in February to a level that is 103.6 percent of its 2017 average.

Lawless Group names new VP

The Lawless Group announced the promotion of David King to vice president of operations integration.

Würth Revcar Fasteners to open new Roanoke headquarters

Würth Revcar Fasteners Inc., a Würth Industry North America company, plans to open a new headquarters location in Roanoke, Virginia.

Sandvik Coromant names head of sustainable business

Sandvik Coromant has named  Camilla Nevstad Bruzelius Head of Sustainable Business, effective March 21.

Stellar Industrial Supply acquires Timesaver Industrial

Stellar Industrial Supply has acquired Phoenix, Arizona-based industrial distribution firm Timesaver Industrial.

Stellar Industrial Supply names Supplier of the Year

Stellar Industrial Supply named Milwaukee Tool as its Supplier of the Year award winner for 2021.

January Manufacturing technology orders strongest on record

Manufacturing technology orders totaled $436.6 million in January 2022, an increase of 33 percent from January 2021.

Barnes Group CEO takes temporary leave of absence

Barnes Group Inc. announced that Patrick J. Dempsey, Barnes president and chief executive officer, will begin a temporary leave of absence to address health matters affecting an immediate family member.

Kimball Midwest earns Training Award

Kimball Midwest has been recognized for excellence in its training and development programs by a leading business publication.

NSI Industries has acquired Metallics

NSI Industries has acquired Metallics, a Bristol, Connecticut–based manufacturer and supplier of fasteners and related supplies.

Birmingham Fastener acquires K-T Bolt Manufacturing

Birmingham Fastener announced the acquisition of K-T Bolt Manufacturing based in Katy, Texas.

Threadline Products acquires Atlantic Bolt

Threadline Products, a fastener fabrication company serving the industrial and construction industries and original equipment manufacturers, has acquired fastener fabricator Atlantic Bolt Inc.

Applied releases updated catalog

Applied Industrial Technologies announced the release of its fourth edition Applied Maintenance Supplies & Solutions (Applied MSSSM) Master Product Catalog.

NEFCO announces succession plan

NEFCO, the Connecticut-based distributor of construction supplies and engineering services, announced the company's succession plan.

Fastener Distributor Index rebounds

The February Fastener Distributor Index (FDI) rebounded to 56.0, following January’s seasonal-adjustment driven down-tick.

LeadSmart Technologies partners with NetPlus Alliance

LeadSmart Technologies, a provider of cloud-based CRM, channel collaboration and business intelligence software, announced a technology partnership with NetPlus Alliance.

Alro Steel names new CEO and chairman

Alro Steel, a distributor of metals, industrial supplies, and engineering plastics, has appointed Randy Glick chief executive officer and chairman of the board.

ORS Nasco names new COO

ORS Nasco announced the appointment of Shane McCarthy as chief operating officer.

Motion Industries names Southeast Group VP

Motion Industries has promoted Jon Tart to the position of vice president of the company’s Southeast Group, effective March 1, 2022.

Fastenal's February sales jump 21.3 percent

Fastenal said its February sales of $530.9 million rose by 21.3 percent from $437.7 million in February 2021.

Kimball Midwest names CIO

Kimball Midwest named Gautham Jayaraman the company’s chief information officer and senior director of business intelligence.

Manufacturing and construction jobs added in February

The nation's manufacturers and contractors added jobs in February, as nonfarm payroll employment rose by 678,000. The unemployment rate edged down to 3.8 percent.

Wooster Products adds R & D/QC Manager

Wooster Products has named Matt Gray research & Development, and Quality Control Manager.

Solve Industrial Motion Group names new CIO

Solve Industrial Motion Group has hired Jim Taylor as chief information officer (CIO).

Manufactured goods orders increased 1.4 percent in January

New orders for manufactured goods increased 1.4 percent in January to $544.2 billion.

DXP Enterprises makes two acquisitions

DXP Enterprises has completed the acquisitions of Drydon Equipment Inc. and Burlingame Engineers.

SBP Holdings acquires Hydrafab

SBP Holdings has acquired Wyoming-based Hydrafab LLC.

All State Fastener receives GM award

All State Fastener Corporation (ASF) announced that it received the General Motors Supplier of the Year Overdrive Award.

February manufacturing index rose 1 percent

The Institute for Supply Management (ISM) February Manufacturing index registered 58.6 percent, an increase of 1 percentage point from the January reading of 57.6 percent.

Construction spending rose in January

Construction spending during January 2022 was estimated at a seasonally adjusted annual rate of $1,677.2 billion, 1.3 percent above the revised December estimate of $1,655.8 billion.

LeadSmart Technologies expands software solutions

LeadSmart Technologies, a provider of cloud-based CRM, channel collaboration, and business intelligence software, announced a new brand within the company's offering. 

Manufacturing growth slowed in January

Manufacturing grew for the 20th consecutive month in January, but at a slower pace than in  December, according to the latest Manufacturing ISM Report On Business