November 2022 News
Grainger taps new VP of Infrastructure
Jeff Whittemore has joined Grainger as vice president, Infrastructure, a role in which he will continue to advance Grainger’s core infrastructure and networking.
Jon-Don acquires Norkan Industrial Supplies, CRT Industrial Equipment
Jon-Don, a supplier of commercial supplies, equipment, consumables, and know-how to specialty contractors, has acquired Norkan Industrial Supplies and CRT Industrial Equipment.
Manufactured durable goods orders rose in October
New orders for manufactured durable goods increased 1.0 percent in October to $277.4 billion. This followed a 0.3 percent September increase.
Kimball Midwest honors National Day of Giving
Kimball Midwest participated in several charitable activities in connection with the National Day of Giving.
ERIKS North America appoints new head of HR
ERIKS North America has appointed Annette Camuso-Sarsfield, SPHR, SHRM-SCP, as its chief human resources officer.
Walter relocates U.S. headquarters
Walter USA has relocated its Americas Technology Center along with the regional business operations from Waukesha, Wisconsin, to Greer, South Carolina, to be closer to a growing customer base along with the strengthened manufacturing presence in the U.S. As of Sept. 1, regional business operations relocated to: 1510 S. Batesville Rd., Greer, SC 29650.
New reports show impact of volume rebates on distributors, manufacturers
Enable, a collaborative rebate management platform, has released two reports – (1) 2022 State of Volume Rebates Reports for Distributors and (2) 2022 State of Volume Rebates Reports for Manufacturers – to understand the business value of rebate programs for both sides of the channel. Results are based on a survey of 237 distributors and manufacturers across 14 industries including electrical, automobile parts, building materials, and plumbing.
Snelbaker joins Wright as customer service manager
Wright has appointed Julie Snelbaker as its new customer service manager – she's responsible for managing key customer relationships and international sales.
Kimball Midwest opens Connecticut DC
Kimball Midwest has begun operations at its new distribution center in Newtown, Connecticut, just months before the company reaches its centennial.
Industrial Supply Co. opens its first Arizona location
Industrial Supply Co. has opened a distribution center in Chandler, Arizona.
STAFDA inaugurates Harry Klassen as president, installs officers
New officers, including the 2023 president, were elected to The Specialty Tools & Fasteners Distributors Association (STAFDA) during its 46th Annual Convention & Trade Show, Oct. 30–Nov. 1 in San Diego.
Technology expert joins BlackHawk
BlackHawk Industrial has hired Tom Cross as director of IT.
Sandvik Coromant names sales area Americas manager
Nick Falgiatano, Sandvik Coromant U.S. Central Regional sales manager, has been appointed marketing manager, Sales Area Americas, effective Dec. 1. He will be accountable for establishing and reaching the strategic objectives of the region.
Comstock named GM of Wybur Tools
Designatronics Inc. announced that Charles Comstock has been promoted to general manager of Wybur Tools.
Airgas named a Military Friendly Employer
Airgas has received the Silver Recognition and been named by VIQTORY to the 2023 Military Friendly Employers list.
September manufacturing technology orders declined
New orders of manufacturing technology totaled $519.3 million in September, down 12.4% from September 2021, marking the first time an IMTS September had a lower order value than the year prior.
BlackHawk Industrial acquires L.A. Tool & Supply
BlackHawk Industrial has acquired L.A. Tool & Supply Co. in Akron, Ohio.
PIP names Bobinet VP/GM of PIP EMEA
Protective Industrial Products announced the appointment of Jerome Bobinet as vice president/general manager – PIP EMEA, effective immediately.
Earlbeck earns top IWDC award
In recognition for his contributions to IWDC, the Industrial Gas & Welding Industry and surrounding greater Baltimore, Maryland community, Jim Earlbeck, Earlbeck Gases & Technologies, was presented the Bob Jackson Memorial Award at IWDC’s Owners’ Meeting in Park City, Utah.
RBC Bearings sales climb on strength of Dodge acquisition
RBC Bearings said its fiscal 2023 second-quarter net sales of $369.2 million increased 129.4% over last year from $160.9 million.
MRC Global's 3Q sales up 32 percent
MRC Global said that its third-quarter sales of $904 million improved 32% compared to $685 million in the same quarter a year ago.
Bostwick-Braun acquires Mill Supplies Inc.
The Bostwick-Braun Company announced the acquisition of Mill Supplies Inc. (MSI) by the company's Industrial Business Division.
DXPE's 3Q sales up 33.8 percent
DXP Enterprises reported that its third-quarter sales increased 33.8 percent to $387.3 million, compared to $289.5 million for the third quarter of 2021.
AD associates support Ryan's Case for Smiles
AD associates participated in a giving back event on Oct. 5 supporting Ryan’s Case for Smiles, a volunteer organization dedicated to helping children and their families manage the stress and emotional impact of illness.
Fastenal hits $1B in e-commerce sales
In recent years, Fastenal celebrated two major milestones related to its FAST Solutions program, surpassing 100,000 active FMI Technology devices within customer sites and, later, 1,000 Onsite partnership programs. In October, the company added a third significant milestone to the list, for the first time reaching $1 billion in e-commerce revenue within a calendar year.
PTDA names Callahan and McDonald award winners
The Power Transmission Distributors Association named the winners of its Robert K. Callahan Future Leaders Award and the Wendy B. MacDonald Award.
Optimas Solutions opens Mexico Center of Excellence
Optimas Solutions has opened a new Center of Excellence in its Monterrey, Mexico headquarters.
Schauenburg sells medical tubing and extrusion businesses
Schauenburg Hose Technology has agreed to sell its medical tubing businesses GlobalMed Inc. (Canada) and Schauenburg?Truplast (China) to Molded Devices Inc., a portfolio company of U.S. private equity firm TruArc Partners.
Abrasive Technology names new managing director
Abrasive Technology announced that Guy Topping has been named managing director of Abrasive Technology, Ltd.
Computer Market Research launched Co-op/MDF program
Computer Market Research announced the release of its new Co-op/MDF program for distributors.
Dayco invests in Mexico manufacturing plant
Dayco announced a major investment in a new North American manufacturing facility that will produce the company’s globally recognized OE-quality belts.
NOW Inc.'s sales jump 31.4 percent
NOW Inc. reported third-quarter sales of $577 million, an increase of 31.4% from $439 million in the same period last year.
LINC Systems names new CEO
LINC Systems, a national distributor of industrial fastening, packaging, and supply solutions, announced that Michael “Mick” Beyers has been named chief executive officer.
NEFCO opens Ohio fulfillment center
NEFCO has opened a new fulfillment center in Columbus, Ohio to further support and service professional contractor trades throughout the Midwest.
SureWerx acquires Oberon
SureWerx, a provider of safety, tool and equipment products, has acquired Oberon Company. Terms were not disclosed.
MCE acquires Nightwine Valves & Actuation
Motion & Control Enterprises (MCE) has acquired Nightwine Valves & Actuation Inc. of Cleveland, Ohio.
Factory employment grew in October
Manufacturing added 32,000 jobs in October, with 23,000 of those jobs occurring in durable goods industries.
Fastenal's October sales up by 13.6 percent
Fastenal said its October sales of $603.7 million increased by 13.6% from $531.7 million in October of last year.
Wesco's sales climb 15.2 percent
Wesco International reported net sales were $5.4 billion for the third quarter of 2022 compared to $4.7 billion for the third quarter of 2021, an increase of 15.2%.
Allied Motion's 3Q sales soar 30 percent
Allied Motion Technologies said its third-quarter revenue increased 30% to a record $134.4 million, compared to $103.5 million in the same period last year.
Cinquemani earns Warren Pike Award
The Power Transmission Distributors Association named Michael Cinquemani the 31st recipient of its Warren Pike Award for lifetime achievement in the power transmission/motion control (PT/MC) industry.
Central Hydraulics joins SBP Holdings
SBP Holdings has acquired Central Hydraulics Inc., which will operate within SBP's Fluid Power Division.
RS Group launches RS Safety Solutions
RS Group plc announced the launch of RS Safety Solutions as a new brand within the RS Group.
Global Industrial opens new Toronto DC
Global Industrial Company announced the opening of its new distribution center in Toronto, Canada.
Hy-Tek Material Handling announced rebranding
Hy-Tek Material Handling, a Columbus, Ohio-based full-service provider of integrated fulfillment and distribution solutions, has completed a major rebranding as Hy-Tek Intralogistics.
Applied Industrial Technologies acquires Automation Inc.
Applied Industrial Technologies announced the acquisition of Automation Inc., a Minnesota-based provider of automation products, services, and engineered solutions.
Endries International acquires Alliance Nut & Bolt
Endries International has acquired Alliance Nut & Bolt, headquartered in Okarche, Oklahoma.
Manufacturing expanded at slower pace in October
Manufacturing grew at a slower pace in October compared to September, as the Institute for Supply Management's monthly index registered 50.2 percent.
Crescent Electric acquires Lowe Electric Supply
Crescent Electric Supply Company has acquired Georgia-based Lowe Electric Supply Co. Financial terms of the deal were not disclosed.
Allied Electronics president departs the company
Allied Electronics & Automation, a trading brand of RS Group, announced that president Ken Bradley has left the company to pursue a new opportunity.
Airline Hydraulics opens new facility
Airline Hydraulics Corporation, a distributor of machine automation, fluid power, and machine safety products, has opened a new hydraulic and lubrication facility in York, Pennsylvania.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
