October 2018 News

AD member sales grow 10 percent

AD reported a 10 percent increase in member sales, across 12 AD divisions, totaling $30.8 billion through the first nine months of the year.

MSC sales up 10.9 percent

MSC Industrial Supply said its fiscal 2018 net sales of $3.2 billion increased 10.9 percent from $2.9 billion last year.

Jason reports 6.5 percent gain in 3Q

Jason Industries reported third-quarter net sales of $145.3 million decreased 6.5 percent compared to last year's third quarter.

Epicor releases latest Prophet 21 and Eclipse versions

Epicor Software Corporation announced the latest versions of its distribution software solutions, Epicor Prophet 21 and Epicor Eclipse.

P.T. International acquires PTCI Bearings

P.T. International has acquired IPTCI Bearings based in greater Minneapolis.

Gardner Denver  revenues climb 6 percent

Gardner Denver Holdings reported third quarter revenues of $689 million, up 6 percent compared to the prior year.

Essendant sales decline 1.2 percent

Essendant reported that its third-quarter net sales declined 1.2 percent to $1.3 billion compared to the prior year quarter.

AD Industrial North American meeting draws record numbers

More than 800 attendees, including 125 first time attendees, gathered for the 2018 AD North American meeting in Orlando Oct. 21-24.

Stanley announces exclusive partnership with Home Depot

Stanley announced that The Home Depot will now be the exclusive home improvement retailer for its Stanley hand tools and storage product portfolio, both in store and online, beginning in 2019.

Lawson Products sales climb 17 percent

Lawson Products said its sales of $88.5 million for the third quarter were up 17.0 percent from the same period last year.

Motion Industries announces Process Pumps and Equipment appointment

Motion Industries announced the addition of Hal Midkiff as product sales manager, Process Pumps and Equipment.

Justrite announces rebranding

Justrite Manufacturing has been rebranded as Justrite Safety Group to better reflect its expanding global footprint and portfolio of industrial safety companies.

IDCO names board and officers

IDCO Co-op announced its 2019 board members and executive committee officers.

WD-40 full-year sales up 7 percent

WD-40 Company reported net sales for the fourth quarter were $102.6 million, an increase of 6 percent compared to the prior year fiscal quarter.

Ingersoll-Rand revenue rises 9.8 percent

Ingersoll-Rand plc reported revenues of $4.0 billion for its third quarter, a 9.8 percent increase from the same period last year.

Fairmont Supply opens two new branches

Fairmont Supply Company announced the opening of two new branch locations in Wharncliffe, West Virginia and Cumberland, Kentucky.

Rex-Cut invests nearly $1M in manufacturing line

Rex-Cut Abrasives announced  that it is investing nearly $1 million in a new abrasive material manufacturing line.

Amazon Business announces new Business Prime benefits

Amazon Business announced the launch of new Business Prime benefits for businesses of all sizes in the United States, Germany and Japan.

MagneGas acquires Paris Oxygen

MagneGas Applied Technology Solutions announced the acquisition of Paris Oxygen Company, an independent industrial gas and welding supply distributor based in Paris, Texas.

3M sales up 1.3 percent

3M reported third-quarter sales were $8.2 billion with organic local-currency sales up 1.3 percent while acquisitions, net of divestitures, increased sales by 0.2 percent.

NetPlus Alliance recognizes award winners

NetPlus Alliance presented its annual member awards at its fifth-annual meeting Oct. 7-9 in Phoenix, Arizona.

Walter Surface Technologies makes executive appointments

Walter Surface Technologies named Marc-André Aubé CEO and David Wright vice president corporate development.

Index points to moderating growth in September

The Chicago Fed National Activity Index decreased to +0.17 in September from +0.27 in August.

Lawson Products opens new Bolt Supply branch

Lawson Products announced the opening of a new The Bolt Supply House branch in Vancouver, British Columbia.

Rockford Systems to move headquarters

Rockford Systems announced plans to move its headquarters into a new, larger facility located at 5795 Logistics Parkway in Rockford, Illinois.

Snap-on sales down slightly

Snap-on Incorporated said its third-quarter net sales of $898.1 million were down $5.7 million, or 0.6%, from 2017 levels.

Insite Software updates B2B commerce platform

Insite Software has released InsiteCommerce 4.4.4, the latest version of its B2B commerce suite of products.

ERIKS North America names new president

ERIKS North America announced the appointment of Shawn Courtney as its new president and chief executive officer, effective Nov. 1, 2018.

Grainger 3Q sales up 7.4 percent

Grainger reported third-quarter sales of $2.8 billion increased 7.4 percent versus $2.6 billion in the third quarter of 2017.

Textron names president of Industrial Segment

Textron announced that Scott Ernest, president and CEO of Textron Aviation Inc. since 2011, has been named president and CEO of Textron’s Industrial Segment and of Textron Specialized Vehicles Inc.

CRC Industries celebrates 60 years

CRC Industries, a supplier of specialty chemicals for maintenance, repair and operations professionals and do-it-yourselfers, is celebrating its 60th anniversary.

Wildeck names VP of operations

Wildeck Inc. has named Daniel Lorenz vice president of operations, responsible for managing Wildeck’s manufacturing department and supporting the organization’s strategic growth goals.

Brighton-Best Proferred brands receive award

Brighton-Best International received two Pro Tool Innovation Awards for products from its new Proferred line.

Fastenal sales up 13 percent

Fastenal reported third-quarter net sales of $1.28 billion increased 13 percent from $1.13 billion in the same period last year.

Motion Industries acquires Hydraulic Supply Company

Motion Industries completed its previously announced acquisition of Hydraulic Supply Company (HSC), a Miami area distributor with 30 locations in the Southeast United States.

Hyde IBS names VP of sales

Hyde Industrial Blade Solutions (IBS) announced that Michael Castner has been appointed vice president of sales.

Manufacturing and construction job growth continues

The manufacturing and construction industries showed jobs gains during the month of September, according to monthly employment data from the U.S. Bureau of Labor Statistics.

F.W. Webb acquires Palace Plumbing & Heating

F.W. Webb Company announced the acquisition of Palace Plumbing & Heating Supply, a wholesale distributor with locations in Manhattan and the Bronx.

Radians expands garment facility

Radians has completed construction of a new warehouse facility, increasing square footage by almost 50 percent.

DDI System releases Inform Version 19

DDI System announced the release of Inform Version 19, adding new features, improving performance and offering even greater ease-of-use.

Ohio Transmission acquires Tape Industrial

Ohio Transmission Corporation announced the acquisition of Tape Industrial Sales Inc.

August construction spending edges up

Construction spending during August was estimated at a seasonally adjusted annual rate of $1,318.5 billion, 0.1 percent above the revised July estimate of $1,317.4 billion.

Pittman Industrial Marketing to rep North American Tool

North American Tool announced that Pittman Industrial Marketing has been chosen as the independent manufacturer representative for North American Tool’s line of special taps, thread mills, dies, and gages for the Southeast region.

Manufacturing expands at slower pace in September

Manufacturing expanded in September at a slower rate than in August.

Milwaukee Tool acquires Imperial Blades

Milwaukee Tool announced the acquisition of the Imperial Blades business based in Sun Prairie, Wisconsin.

Lawson Products acquires Screw Products

Lawson Products announced the acquisition of Screw Products Inc. (SPI), a Dallas-based distributor of bulk industrial products.

IDC-USA merges with AD

AD announced the merger with IDC-USA, effective Jan. 1, 2019, bringing together the two largest independent bearings & power transmission buying/marketing groups in the United States.