May 2019 News

Sphere 1 appoints new board
Sphere 1 announced the appointment of its new board of directors.

Sphere 1 Member and Supplier of the Year Awards
Sphere 1 announced the winners of its member and supplier of the year awards at the group's 20th anniversary annual meeting.

Epicor debuts AI virtual assistant for ERP
Epicor has developed a new AI virtual assistant designed to help automate ERP processes and help users be more productive.

Pelican Products names CFO
Pelican Products named George Platisa chief financial officer effective May 21, 2019.

GDP increased at 3.1 percent in Q1
Real gross domestic product increased at an annual rate of 3.1 percent in the first quarter of 2019, according to the "second" estimate released by the Bureau of Economic Analysis.

Kimball Midwest cited as top workplace
Kimball Midwest recently was named a Top Workplace for 2019 by Columbus CEO magazine.

Columbus McKinnon fiscal 2019 sales grow
Columbus McKinnon Corporation said its fiscal fourth quarter sales increased 1.2 percent to $216.7 million.

PIP to open new Mississippi DC
Protective Industrial Products Inc. announced plans to open a 600,000 square foot distribution center in Olive Branch, Mississippi.

Motion Industries names Southeast Group SVP
Motion Industries named John Watwood group senior vice president of the company’s Southeast Group, effective May 1, 2019.

Turtle & Hughes relocates Boston branch
Full-service electrical and industrial distributor, Turtle & Hughes, has relocated its Boston-area branch office and warehouse to Stoughton, Massachusetts.

RBC Bearings sales up slightly
RBC Bearings said its fiscal 2019 fourth quarter net sales of $182.2 million increased 1.3 percent for the quarter and 4.0 percent on an organic basis.

Genuine Parts to buy remaining stake in Australian distributor
Genuine Parts Company has entered into a definitive agreement to acquire the remaining 65 percent stake of Inenco Group, headquartered in Sydney, Australia.

Earnest Machine adds Unbrako Socket Products
Earnest Machine announced that it is now the master distributor of high-performance Unbrako socket products to North America.

Fairmont Supply names Dodds president
Fairmont Supply announced the appointment of current CFO Anthony Dodds to the expanded role of president, effective immediately.

Winsupply opens electrical distributor in Maine
Winsupply Inc. has opened Winsupply of N. Portland, Maine, serving electrical contractors in the Greater Portland area including southern Maine and New Hampshire.

Crosby Group to acquire Gunnebo Industries
The Crosby Group has entered into an agreement to acquire Gunnebo Industries, a global developer and manufacturer of material handling products.

Sonepar USA names new central region president and SVP of finance
Sonepar USA, a subsidiary of the privately held Sonepar Group, announced that Andy Waring, Sonepar USA CFO, has been named the new Central region president, effective July 15.

Chicago Fed National Activity Index declines
Led by declines in production-related indicators, the Chicago Fed National Activity Index fell to –0.45 in April from +0.05 in March.

Protective Industrial Products acquires Worldwide Protective Products
Protective Industrial Products announced the acquisition of Worldwide Protective Products, headquartered in Hamburg, New York.

ParkOhio sales grow by 4 percent
Park-Ohio Holdings Corp. said its net sales of $420.1 million in the first quarter of 2019 increased 4 percent from $405.7 million in the first quarter of 2018.

MRC Global Q1 sales down 4 percent
MRC Global reported that its first quarter sales of $970 million were 4 percent lower than the $1 billion for the fourth quarter of 2018.

Stanley Black & Decker to build Texas Craftsman plant
Stanley Black & Decker announced it will expand its U.S. manufacturing footprint with a new Craftsman manufacturing plant in Fort Worth, Texas.

Jorgensen Conveyors partners with the Whittemore Co.
Jorgensen Conveyors Inc. announced the addition of The Whittemore Co. as its new manufacturers’ representative for nine midwestern states.

SureWerx names new president
SureWerx, a provider of professional tool, equipment and safety products, named Christian Wiltrout as the new president of SureWerx USA.

Industrial production declined in April
Industrial production fell 0.5 percent in April, and the rates of change for previous months were revised down on net.

Viega executive joins Plumbing Manufacturers Intl. Board
Martin Knieps, director of technical marketing for Viega LLC, has been selected to join the board of directors of Plumbing Manufacturers International (PMI).

Evergreen recognizes award winners
The Evergreen Marketing Group recognized five distributor members and five manufacturer partners as 2018 Member or Preferred Supplier of the Year.

JPW acquires Balleigh Industrial
JPW Industries has acquired Baileigh Industrial Holdings, a marketer, manufacturer and distributor of metalworking and woodworking products.

Pelican Products names director of financial planning
Pelican Products has appointed Elizabeth Park as senior director of financial planning and analysis.

Manufacturing technology orders decline year over year
Manufacturing technology orders totaled $413.7 million in March, a 26 percent increase over February but a 20 percent decline from March 2018.

U.S. cutting tool consumption grew in March
March U.S. cutting tool consumption totaled $210.4 million, up 2.3 percent from February’s $205.6 million and up 1.6 percent compared with the $207.1 million reported for March 2018.

Regal Beloit sales fall 2.8 percent
Regal Beloit Corporation reported net sales of $853.8 million in the first quarter decreased 2.8 percent from $878.8 million the prior year.

NOW Inc. revenue up 3 percent
NOW Inc. reported that first quarter revenue of $785 million was up three percent compared to $764 million in last year's first quarter. 

S.L. Fusco expands Kennametal agreement
Rancho Dominguez, California-based S.L. Fusco Inc. announced an agreement with Kennametal to expand distribution coverage to include Arizona.

Rexnord 4Q sales grew by 4 percent
Rexnord reported that its net sales for the fourth quarter of fiscal 2019 were $538 million, a 4 percent increase year over year.

Meltblown Technologies names plant manager
Meltblown Technologies announced that Charles Petrone has joined MBT as plant manager.

Core & Main to acquire Long Island Pipe
Core & Main LP has entered into a definitive agreement to acquire Long Island Pipe Supply Inc., a provider of fire protection products and fabrication services.

Weiler kicks off 75th anniversary celebration
Weiler Abrasives kicked off what will be a months-long celebration of its 75th anniversary with its national sales meeting the week of April 22.

Kyocera to acquire SouthernCarlson
Kyocera Corporation announced that it has concluded an agreement to acquire 100 percent ownership of SouthernCarlson Inc., a distributor of tools, fasteners, packaging and facility supplies.

Continental plant supports high school athletic complex
Continental’s industrial products plant in St. Marys, Ohio, has donated $50,000 over a five-year period to help build an athletic complex for a local high school.

Emerson sales rise 8 percent
Emerson said its net sales of $4.6 billion in the second quarter increased 8 percent from $4.2 billion in the same period last year.

DXP Enterprises revenues up 8.8 percent
DXP Enterprises reported first-quarter sales increased 8.8 percent to $311.2 million, compared to $285.9 million for the first quarter of 2018.

Wajax sales rise 9 percent
Wajax reported that revenue in the first quarter of 2019 increased 9 percent to $374.6 million from $342.4 million in the first quarter of 2018.

Kennametal sales decline 2 percent
Kennametal Inc. said sales of $597 million for its fiscal 2019 third quarter decreased 2 percent from $608 million year-over-year.

B&D Technologies opens FL distribution center
B&D Technologies announced the opening of its first distribution center in the state of Florida.

Midwest Industrial Rubber acquires Atlanta Belting
Midwest Industrial Rubber (MIR) has acquired The Atlanta Belting Company, a specialty fabricator and distributor of lightweight conveyor belting and accessories.

Manufacturing and construction job gains in April
Manufacturing employment increased by 4,000 in April, continuing a three-month trend of small job gains.

DPA Buying Group names award winners
The DPA Buying Group announced the winners of its top awards handed out during the group's recent buying and networking conference.

Productivity up 3.6 percent in Q1
Productivity increased 3.6 percent in the first quarter of 2019, the U.S. Bureau of Labor Statistics reported today, as output increased 4.1 percent and hours worked increased 0.5 percent.

Allied Motion revenues up 22.6 percent
Allied Motion Technologies reported record revenue of $93.9 million in the first quarter was up 22.6 percent compared to the same period last year.

WESCO International Q1 sales flat
WESCO International said its net sales of $2.0 billion for the first quarter of 2019 were equal to 2018.

Jason Industries sales fall 15.1 percent
Jason Industries reported first-quarter net sales of $142.0 million decreased 15.1 percent from $167.3 million in the same period last year.

Kaman Distribution sales up 2.5 percent
First-quarter sales of $290.9 million for Kaman Industrial Technologies were up 2.5 percent from $283.9 million in the same period a year ago, according to Kaman Corporation.

PathGuide to release VMI solution
PathGuide Technologies announced the upcoming Q3 release of Advanced Vendor Managed Inventory (VMI) to enable all distributors to improve customer service, retain existing business and grow market share.

IDEA's Wentz to retire
The Industry Data Exchange Association (IDEA) announced that Mike Wentz, executive vice president of sales and marketing, will be retiring at the end of this month.

Manufacturing expansion slowed in April
Manufacturing expanded in April, as the Manufacturing ISM Report On Business index registered 52.8 percent, a decrease of 2.5 percentage points from the March reading of 55.3 percent.

Construction spending edged down in March
Construction spending during March 2019 was estimated at a seasonally adjusted annual rate of $1,282.2 billion, 0.9 percent below the revised February estimate of $1,293.3 billion.

AD member sales up 7 percent
AD reported a 7 percent increase in member sales, across 12 AD divisions, totaling $10.2 billion. Purchases from AD suppliers grew by 8 percent in the first quarter.

Timken sales up 10.9 percent
The Timken Company reported first-quarter 2019 sales of $979.7 million, up 10.9 percent from the same period a year ago.