May 2021 News
LineDrive partners with Mauve Capital
LineDrive and Mauve Capital jointly announced the successful completion of a new partnership, effective immediately.
PTDA moves Industry Summit to Georgia
The Power Transmission Distributors Association (PTDA) will hold its 2021 Industry Summit at the Atlanta Marriott Marquis in Atlanta, Oct. 20-23, 2021.
AD announces conversion campaign winners
AD announced the winners of its annual conversion campaign that encouragse AD members to convert business to AD supplier partners.
Distribution One celebrates 25th anniversary
Software provider Distribution One is celebrating its 25th anniversary as a developer of Enterprise Resource Planning (ERP) software.
Columbus McKinnon sales decline 1.7 percent
Despite stronger sales outside of the United States, Columbus McKinnon reported that its fourth quarter sales declined by 1.7 percent from the same period last year.
Pinnacle Tool & Supply acquires Industrial Metalworking Supply
Toledo, Ohio-based Pinnacle Tool & Supply has acquired Industrial Metalworking Supply of Brecksville, Ohio.
Global Industrial launches Knowledge Center
Global Industrial announced the launch of The Knowledge Center, a digital content rich resource designed to empower customers with expert advice.
Wright Tool names new regional sales manager
Wright Tool has promoted Blake Wenter to regional sales manager.
Utah Award honors Industrial Supply VP Chad Littlefield
Chad Littlefield, vice president of Human Resources and People Solutions at Industrial Supply Company, will be honored as one of Utah’s top human resources professionals at this year’s HR Achievement Awards.
Martin Supply acquires Parker Industrial Safety
Martin Supply, a subsidiary of Martin Inc., announced the acquisition of Parker Industrial Safety in Avilla, Indiana, near Fort Wayne.
Chicago Fed National Activity Index moderated in April
The Chicago Fed National Activity Index declined to +0.24 in April from +1.71 in March.
Kennametal names president of Metal Cutting group
Kennametal Inc. announced that effective June 14, Sanjay Chowbey will join the company as president, Metal Cutting.
RBC Bearings 4Q sales declined 13.7 percent
RBC Bearings reported net sales for the fourth quarter of fiscal 2021 were $160.3 million, a decrease of 13.7 percent from $185.8 million in the fourth quarter of fiscal 2020.
Franklin Electric acquires New Aqua
Franklin Electric Co. has acquired New Aqua, headquartered in Indianapolis, in an all-cash transaction valued at $150 million.
PFERD North America names new president
PFERD North America announced that Rafael Astacio has been appointed as the new PFERD North America president.
Sonepar names West Region president
Sonepar USA announced that Dana Mouritzen has been named president of the West Region following 50-year industry veteran Jon Mitchell.
CEOs named for TTS North America and Festool USA division
Matt Howard has been promoted to CEO of TTS Tooltechnic Systems North America and its subsidiaries including SawStop, Festool USA, and Festool Canada.
Home Depot Q1 sales climb 32.7 percent
The Home Depot reported sales of $37.5 billion for the first quarter of fiscal 2021, an increase of 32.7 percent from $28.3 billion in the first quarter of fiscal 2020.
Crosby Group acquires Speedbinders
The Crosby Group has acquired Speedbinders.com, a designer and manufacturer of load binders for heavy-duty load securement.
April industrial production increased 0.7 percent
Total industrial production increased 0.7 percent in April.
Blue Sea Capital invests in Abrasive Technology
Abrasive Technology, a Lewis Center, Ohio, manufacturer of superabrasive grinding wheels and tools, announced an investment by Blue Sea Capital.
Atlas Copco acquires MidState Air Compressor
Atlas Copco has acquired MidState Air Compressor, a distributor of compressors and provider of service that covers Connecticut, Rhode Island, and Massachusetts.
Tofino Software joins Amazon Business Partner Network
E-procurement and MRO management software company Tofino Software announced that the company has joined the Amazon Business Partner Network.
NOW Inc. reports Q1 loss
NOW Inc. posted a net loss of $10 million for the first quarter of 2021, as sales declined by 40.2 percent to $361 million compared to $604 million in the same quarter last year.
DXP Enterprises sales decline 18.4 percent
DXP Enterprises said its first-quarter sales fell by 18.4 percent to $245.6 million, compared to $301.0 million for the first quarter of 2020.
Factory employment declined in April
Manufacturing employment edged down in April, declining by 18,000 jobs, following gains of 54,000 in March and 35,000 in February.
WESCO International sales climb 105.3 percent
WESCO International reported net sales were $4.0 billion for the first quarter of 2021 compared to $2.0 billion for the first quarter of 2020, an increase of 105.3 percent due to the merger with Anixter that was completed in June 2020.
Fastenal's April sales up 1.2 percent
Fastenal posted sales of $497.1 million in April, a 1.2 percent gain from $491.5 million in the same month last year.
AD Bearings & Power Transmission Division virtual meeting
AD hosted its 2021 Bearings & Power Transmission Division Virtual North American Meeting, from March 29 – April 1.
Systemax Q1 sales climb 10.5 percent
Systemax reported first-quarter sales increased 10.5 percent to $251.1 million compared to $227.3 million last year.
Wooster Products adds Midwest rep
Wooster Products has appointed Arcspec as its new representative to serve the states of Illinois, Wisconsin and northwest Indiana.
DXP Enterprises acquires Carter & Verplanck
DXP Enterprises has completed the acquisition of Carter & Verplanck Inc, a distributor of products and services exclusively focused on serving the water and wastewater markets.
Kimball Midwest wins Top Workplace Award
Columbus, Ohio-based Kimball Midwest has been named a Top Workplace for 2021 by Columbus CEO magazine.
Winsupply names Vendor of the Year winners
Winsupply has named its Vendor of the Year winners for 2020.
Drillco names director of sales
Drillco Cutting Tools Inc., Baton Rouge, Louisiana, announced the appointment of Tracy Miller as director of sales, Western USA.
Manufacturing growth slowed in April
Manufacturing grew at a slower pace in April than in March.
Construction spending rose in March
Construction spending during March 2021 was estimated at a seasonally adjusted annual rate of $1,513.1 billion, 0.2 percent above the revised February estimate of $1,509.9 billion.
AD member sales up 14 percent
AD is reporting member sales in the first quarter of 2021 were $12.7 billion, an increase of 14 pecent across its 13 divisions and three countries.
RitterTech opening ParkerStore in Chicago area
RitterTech will hold a "soft opening" today of its new ParkerStore location in West Chicago, Illinois.