November 2019 News

Weiler Abrasives raises $100,000 for United Way

Employees from Weiler Abrasives Group, the Cresco, Pennsylvania-based global abrasives manufacturer, raised more than $40,000 in their annual campaign benefiting Pocono Mountains United Way.

Q3 GDP increased 2.1 percent

Real gross domestic product increased 2.1 percent in the third quarter of 2019, according to the “second” estimate released by the Bureau of Economic Analysis.

Monaghan Tooling adds to sales team

Monaghan Tooling Group has added industry veteran Brett Scruggs as a technical account manager.

STAFDA elects new board

Members of the Specialty Tools & Fasteners Distributors Association (STAFDA) elected new leadership during the association’s 43rd Annual Convention & Trade Show in Nashville, Nov. 10-12.

Chicago Fed National Activity Index declined in October

Led by declines in production-related indicators, the Chicago Fed National Activity Index fell to –0.71 in October from –0.45 in September.

Breen returns to ISA

The Industrial Supply Association has welcomed back Brendan Breen as vice president of strategic initiatives.

IWDC auction benefits Workshop for Warriors

IWDC celebrated its 25th Anniversary with an art auction event that generated more than $30,000 for Workshops for Warriors.

Hartman acquires Levy Paper Company

Hartman Independent Company, a distributor of fastening and packaging solutions since 1948, has acquired the assets of Levy Paper Company, based in Morgan, Pennsylvania.

September cutting tool consumption declined

September 2019 U.S. cutting tool consumption totaled $195.9 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.

Fernandez wins W.I.S.E. Impact Award

At its 2019 Summit in October, the Industrial Supply Association’s (ISA) Women Industrial Supply Executives (W.I.S.E.) recognized Marisol Fernandez, president of the Industrial & Safety Division - U.S. for Affiliated Distributors (AD), with its Impact Award for 2019.

Caldwell Group names regional sales manager

Rockford, Illinois-based The Caldwell Group Inc. has named Jay Schroeder regional sales manager.

Streamlight names national accounts manager

Streamlight Inc. promoted Kelly Swope to the role of national accounts manager for the Industrial/Fire Division.

The Home Depot sales rise 3.5 percent

The Home Depot reported third quarter fiscal 2019 sales of $27.2 billion, an increase of 3.5 percent, or $921 million, compared to $26.3 billion in the third quarter of fiscal 2018.

Genuine Parts Company names new EVP

Genuine Parts Company announced that William P. Stengel has been elected to the position of executive vice president and chief transformation officer.

Kaman Distribution names Mondics CEO

Kaman Distribution Group announced that Benjamin Mondics has been appointed chief executive officer.

PTDA elects 2020 leadership

The Power Transmission Distributors Association (PTDA) elected its 2020 Board of Directors and Manufacturer Council to lead the association during its 60th anniversary year.

Industrial production declined in October

Industrial production fell 0.8 percent in October after declining 0.3 percent in September.

OZAT USA opens new PA location

OZAT USA announced its new location in Butler, Pennsylvania.

Rockwell Automation sales flat in 4Q

Rockwell Automation reported fiscal 2019 fourth quarter sales were $1,730.2 million, flat compared to $1,729.5 million in the fourth quarter of fiscal 2018.

SKF acquires Form Automation Solutions

SKF has completed the acquisition of Form Automation Solutions (FAS), a U.S.-based software development start-up company.

Jason Industries sales fall 20 percent

Jason Industries reported that its third quarter net sales of $85.6 million decreased $21.4 million or 20.0 percent.

Total Safety acquires Pacific Coast Tool

Total Safety has acquired Pacific Coast Tool to expand its distribution offerings to power utility customers.

Columbus McKinnon to close Ohio plant

Columbus McKinnon Corporation announced plans to close its Lisbon, Ohio, factory and consolidate the operation into its facilities in Virginia and North Carolina.

DXP Enterprises sales increase 6.2 percent

DXP Enterprises reported third-quarter sales increased 6.2 percent to $327.2 million, compared to $308.0 million for the third quarter of 2018.

Carter joins Abrasive Technology

Abrasive Technology announced that Bart Carter has joined the company and will be responsible for sales and marketing.

Fastenal sales up 4.3 percent in October

Fastenal reported sales of $490.1 million in October, a 4.3 percent increase from October 2018.

3Q manufacturing productivity declined

Manufacturing sector labor productivity declined 0.1 percent in the third quarter of 2019, as output increased 1.1 percent and hours worked increased 1.3 percent.

SureWerx acquires Sure Foot Corporation

SureWerx USA, a global supplier of professional tools, equipment and safety products, has acquired Sure Foot Corporation, maker of the Due North brand of winter traction aids.

AHB Tooling & Machinery names director of business development

AHB Tooling & Machinery (AHB) announced the hire of Glenn Galli as director of new business development.

Radiac Abrasives achieves ISO 14001 Certification

Radiac Abrasives, A TYROLIT Company has earned ISO 14001:2015 certification for its Environmental Management System (EMS).

Mayhew Tools acquires BestWay Tools

Mayhew Steel Products announced the acquisition of Florida-based BestWay Tools.

Emerson sales up 2 percent

Emerson reported fourth quarter sales of $5 billion increased 2 percent from $4.9 billion in the same quarter last year.

Kennametal sales down 12 percent

Kennametal reported fiscal 2020 first quarter sales of $518 million decreased 12 percent from $587 million in the prior year quarter.

Martin Inc. sells Townsend Door Hardware

Martin Inc. announced the sale of Townsend Door Hardware and Systems to Brice Meeks, who will create Townsend Door, LLC and Townsend Systems, LLC.

NOW Inc. names interim CEO

NOW Inc. announced that its board of directors has appointed Dick Alario as interim CEO, replacing Robert Workman, effective immediately.

SKF acquires industrial artificial intelligence company

SKF has acquired Presenso Ltd., a company that develops and deploys artificial intelligence (AI)-based software for improving machine performance.

Manufacturing contracted at slower pace in October

Manufacturing contracted in October, as the Institute for Supply Management's purchasing index registered 48.3 percent, an increase of 0.5 percentage point from the September reading of 47.8 percent.

Construction spending up 0.5 percent in September

Construction spending during September 2019 was estimated at a seasonally adjusted annual rate of $1,293.6 billion, 0.5 percent above the revised August estimate of $1,287.1 billion.

AD nine-month sales climb 13 percent

AD reported a 13 percent increase in member sales across its 12 divisions, totaling $35 billion in the first nine months of 2019.

Engineered Components & System becomes CentroMotion

Engineered Components & System, previously a division of Actuant Corporation and recently acquired by an affiliate of One Rock Capital Partners, has changed its name to CentroMotion.

Manufacturing employment down in October

Manufacturing employment decreased by 36,000 in October. Within manufacturing, employment in motor vehicles and parts declined by 42,000, reflecting strike activity.

Allied Motion reports record revenue

Allied Motion Technologies reported third-quarter revenue of $96.6 million, up 21 percent from the same period last year.

PIP acquires Uniform Technology

Protective Industrial Products announced the acquisition of Uniform Technology, headquartered in Longmont, Colorado.

WESCO International sales up 3.9 percent

WESCO International reported third-quarter net sales were $2.1 billion, up 3.9 percent compared to $2.0 billion in the third quarter of 2018.