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November 2021 News

Sunshine Lighting names director of sales NA

Sunshine Lighting Company, a manufacturer of LED lamps and fixtures marketed under the brands of Sunlite and MKS Advanced LED, appointed Gray Sessoms as director of sales, North America.

Radial Equity partners with Clark-Reliance Corporation

Radial Equity Partners announced its new partnership with Clark-Reliance Corporation, a designer and manufacturer of instrumentation and filtration products.

West View Cunningham acquires G&W Industrial Sales

West View Cunningham Co., a Pittsburgh-based distributor of industrial pumps, has purchased certain assets of G&W Industrial Sales of Parkersburg, West Virginia.

Evergreen names SafeWaze a Preferred Supplier

The Evergreen Marketing Group announced SafeWaze as a Preferred Supplier in the fall protection category.

Bessemer Investors buys stake in Tencarva Machinery

New York-based investment firm Bessemer Investors has agreed to make a "significant investment" in Tencarva Machinery Company.

MSC names VP of Category Strategy

MSC Industrial Supply announced that Mark Dudek has joined the company as vice president, Category Strategy.

WESCO recognized by Forbes

WESCO International has been recognized by Forbes as one of the World’s Best Employers and one of America’s Best Employers for Women.

Regal Rexnord acquires Arrowhead Systems

Regal Rexnord has acquired Arrowhead Systems, based in Oshkosh, Wisconsin, a provider of automation solutions, including conveyors, palletizers and depalletizers.

DDI System names director of business development

DDI System announced the appointment of David Greene as director of business development.

BlackHawk acquires Tools for Industry

Tulsa-based BlackHawk Industrial has acquired Tools for Industry (TFI) and its affiliate Service for Industry (SFI).

Walter to acquire GWS Tool Group

Walter has signed an agreement to acquire GWS Tool Group, a manufacturer of highly engineered custom, standard, and modified standard cutting tools.

Air Hydro Power acquires Gatterdam Industrial Services

Louisville-based Air Hydro Power Inc. has acquired the assets of Gatterdam Industrial Services.

SAS Industries acquires Specialty Rubber Corp.

Gasket and seal manufacturer SAS Industries has acquired Specialty Rubber Corp., significantly expanding its footprint in the gasket manufacturing industry.

Chicago Fed National Activity Index rebounded in October

The Chicago Fed National Activity Index rose to +0.76 in October from –0.18 in September.

Ace Hardware reports record third quarter

Ace Hardware Corporation reported record third quarter 2021 revenues of $2.0 billion, an increase of $28.1 million, or 1.4 percent, from the third quarter of 2020.

PT WORK Force raises $250,000

Companies and individuals in the power transmission/motion control industry helped raise $250,000 for the PT WORK Force initiative of the PTDA Foundation.

Acme Tools names new CFO

Acme Tools has hired Scott Foyt as its new chief financial officer, succeeding Steve Hetland, who will retire next spring.

Blackmer adding to manufacturing footprint

Pump and compresssor manufacturer Blackmer has begun a construction and renovation project at its Grand Rapids, Michigan, headquarters.

MSC, UT-Knoxville form research partnership

MSC Industrial Supply Co. and the University of Tennessee, Knoxville (UTK) announced a public-private research partnership aimed at advancing machining across the United States.

Makita launches Direct Repair Online program

Makita U.S.A. announced a new Direct Repair online program with easy online access to repair status notifications.

Motion names VP of Operations Integration

Motion Industries announced the promotion of John Watwood to vice president of operations integration, effective immediately.

Lawless Group East adds territory sales manager 

Lawless Group East has named Micah Crossley territory sales manager for North and South Carolina.

Industrial production rose 1.6 percent in October

Industrial production rose 1.6 percent in October after falling 1.3 percent in September.

Global Industrial names general counsel

Global Industrial Company has appointed Adina Storch senior vice president and general counsel.

Techniweld USA acquires Southern Glove

Techniweld USA has acquired Newton, North Carolina-based Southern Glove, a 76-year-old hand and arm protection manufacturer.

GP Pro names new VP of marketing

GP Pro, a division of Georgia-Pacific, has promoted Kimber Shray to vice president of marketing.

RBC Bearings sales up 10 percent

RBC Bearings reported that its second-quarter net sales of $160.9 million increased 10.0 percent from $146.3 million in the same period last year.

Midland Industries acquires Century Brass Products

Midland Industries has acquired Century Brass Products, a distributor of machined brass fittings and valves to the plumbing industry across the United States.

Industrial Supply Company to break ground in Elko, Nevada

Salt Lake City-based Industrial Supply Company will begin construction on a 12,000 square-foot permanent home for its branch in Elko, Nevada.

MRC Global sales climb 17 percent

MRC Global reported sales of $685 million for the third quarter of 2021, a 17 percent gain compared to $585 million in the third quarter of 2020.

Manufacturing technology orders increased in September

Orders of new manufacturing technology totaled $590 million in September 2021, a 9 percent increase over August 2021 and nearly a 60 percent increase over September 2020.

MSC wins science & technology award

MSC Industrial Supply announced that its MSC MillMax service has received an award from R&D World magazine.

Factory and construction jobs increased in October

Manufacturing jobs increased by 60,000 in October, led by a gain in motor vehicles and parts (+28,000).

Allied Motion acquires ALIO Industries

Allied Motion Technologies has acquired ALIO Industries, a manufacturer of advanced linear and rotary motion systems for nano-precision applications.

NOW Inc. sales soar 34.7 percent

NOW Inc. revenue of $439 million for the third quarter of 2021 soared by 34.7 percent from $326 million in the same period last year.

WESCO sales rise 14.2 percent

WESCO International reported record third-quarter sales of $4.7 billion compared to $4.1 billion for the third quarter of 2020, an increase of 14.2 percent.

Q3 productivity decreased 5.0 percent

Productivity decreased 5.0 percent in the third quarter of 2021, the U.S. Bureau of Labor Statistics reported today, as output increased 1.7 percent and hours worked increased 7.0 percent.

Fastenal's October sales up 8.9 percent

Fastenal posted sales of $531.7 million in October, an 8.9 percent increase from $488.2 million in the same month last year.

Central McGowan acquires Preferred Welder Sales

Central McGowan has completed the acquisition of Preferred Welder Sales in Mankato, Minnesota.

Evergreen moves Partnership Conference to September

The Evergreen Marketing Group plans to move its 2023 and 2024 Partnership Conferences to September.

Snow wins Resistance Welding Award

Tom Snow, chairman of T. J. Snow Company, Chattanooga, Tennessee, was recognized with the Elihu Thomson Resistance Welding Award at the recent Fabtech metalworking trade show in Chicago.

Allied Motion acquires ORMEC Systems Corp.

Allied Motion Technologies Inc.has acquired ORMEC Systems Corp., a developer and manufacturer of electro-mechanical automation solutions and motion control products.

Global Industrial Co. sales fall 2.9 percent

Global Industrial Company reported third-quarter sales of $277.4 million, a decline of 2.9 percent from $285.7 million in the same period last year.

MAX USA adds to sales team

MAX has recently brought on two new team members to support its growing sales efforts throughout the United States and Canada.

Ingersoll Rand to acquire Tuthill Pump Group

Ingersoll Rand has entered into an agreement to acquire the assets of Tuthill Corporation’s Pump Group in an all-cash transaction valued at $84.6 million.

Graybar acquires Steven Engineering

Graybar announced its acquisition of Steven Engineering Inc., a South San Francisco, California-based distributor of advanced automation, motion control and pneumatic solutions to a wide range of market segments.

RBC Bearings completes Dodge acquisition

RBC Bearings has completed its previously announced acquisition of the Dodge mechanical power transmission division of Asea Brown Boveri Ltd for approximately $2.9 billion in cash subject to post closing working capital adjustments.

Kennametal sales climb 21 percent

Kennametal reported sales of $484 million for its fiscal 2022 first quarter increased 21 percent from $400 million in the prior year quarter.

Sparkle Products acquires A.J. Funk and Co. assets

Newly formed Sparkle Products LLC announced its acquisition of the business assets of A. J. Funk and Co., based in Elgin, Illinois.

AD member sales up 34 percent

AD reported that member sales in the first nine months of 2021 were $44 billion, an increase of 34 percent across its 13 divisions and three countries.

October manufacturing growth slowed 

Manufacturing grew at a slower pace in October compared to September according to the latest report from the Institute for Supply Management.

Construction spending fell in September

Construction spending during September was estimated at a seasonally adjusted annual rate of $1,573.6 billion, 0.5 percent below the revised August estimate of $1,582.0 billion.

Industry veteran Skip DeVilling to retire

DeVilling & Associates of Sarasota, Florida, announced the retirement of F. A. “Skip” DeVilling III, president and founder, effective Dec. 31, 2021, after 55 years in the industrial supply industry.

Grainger adding 100 customer service jobs

Grainger announced it will expand its customer service capabilities by adding approximately 100 new jobs to its Lake County, Illinois, headquarters.

Timken posts 16 percent sales gain

The Timken Company reported third-quarter 2021 sales of $1.04 billion, up 16 percent from the same period a year ago, and 13 percent higher than the previous record third quarter.

New South Construction Supply acquires Increte

New South Construction Supply announced the acquisition of Increte of North Florida, a concrete construction material distributor and supplier based in Jacksonville, Florida.