October 2021 News

Bruening named Guardair director of sales

Guardair Corporation has named Gerald (Jerry) Bruening its new director of sales.

Gerber named Summit Electric Supply president/CEO

Summit Electric Supply’s board of directors announced that Ed Gerber has been appointed as its new president and CEO.

Grainger 3Q sales up 11.7 percent

Grainger reported sales of $3.4 billion for the third quarter 2021, up 11.7 percent compared $3.0 billion in the third quarter of 2020.

Lawson Products sales rise 16.9 percent

Lawson Products said its third quarter sales of $105.6 million increased by 16.9 percent from $90.3 million in the prior year quarter.

Columbus McKinnon sales up 42 percent

Columbus McKinnon Corporation reported fiscal 2022 second-quarter revenue of $223.6 million, a 42 percent increase from $157.8 million in the same period last year.

Ingersoll Rand to acquire Air Dimensions Inc.

Ingersoll Rand has agreed to acquire Air Dimensions Inc. for an all-cash purchase of $70.5 million.

Kan receives PTDA Pike Award

The Power Transmission Distributors Association (PTDA) named Pamela Kan the 30th recipient of its Warren Pike Award for lifetime achievement in the power transmission/motion control (PT/MC) industry.

Sales jump 19.2 percent for Applied Industrial Technologies

Applied Industrial Technologies reported net sales for the 2022 first fiscal quarter increased 19.2 percent to $891.7 million from $747.8 million in the prior year.

Chicago Fed National Activity Index declined in September

Led by declines in production-related indicators, the Chicago Fed National Activity Index decreased to –0.13 in September from +0.05 in August.

Ross receives Wendy B. McDonald Award

Barbara J. Ross of Garlock Sealing Technologies received the Wendy B. McDonald Award during the PTDA 2021 Industry Summit in Atlanta on Oct. 22.

DPA Buying Group adds members

The DPA Buying Group welcomed 14 new distributor members to its industrial and contractor supply division.

Lawless Group acquires interest in Rolston Hogstrom Inc.

The Lawless Group (LG) has acquired an interest in Rolston Hogstrom Inc. (RH), headquartered in Chicago.

DXP Enterprises files amended 10-K/A with SEC

DXP Enterprises has filed an amended 10-K/A report with the the Securities Exchange Commission to amend its Annual Report on Form 10-K for the year ended Dec. 31, 2020.

Safety Network hosts first partnership conference

AD’s newest division, Safety Network, celebrated record growth and new opportunities at its first partnership conference since joining AD in January of this year.

AD holds annual Industrial & Safety-U.S. Division meeting

After nearly two years of remote interactions, the AD Industrial & Safety-U.S. Division gathered for its annual North American Meeting on Sept. 26-29.

Rockwell Automation names SVP of Corporate Strategy

Rockwell Automation announced that Veena Lakkundi is joining the company as senior vice president, Corporate Strategy and Development on Nov. 1.

Motion Industries sales climb 14.5 percent

Motion Industries had sales of $1.6 billion for the third quarter of 2021, up 14.5 percent from $1.4 billion in 2020.

MSC 4Q sales up 11.1 percent

MSC Industrial Supply reported that its fourth quarter sales of $831 million increased by 11.1 percent from $747.7 million in the same quarter last year.

NetPlus Alliance recognizes award winners

NetPlus Alliance handed out several awards during its eighth Annual Meeting held in Nashville in early October.

Platinum Equity to acquire Pelican Products

Platinum Equity has agreed to acquire Pelican Products from Behrman Capital, a private equity investment firm based in New York.

Kano Laboratories signs NorthCoast Sales Agency

Kano Laboratories, producer of Kroil-branded penetrating oils and lubricants, signed an agreement with NorthCoast Sales Agency (NCSA) to support Kroil customers and distributors in the northwestern United States.

Gerber to leave ISA

In an email sent to members of the Industrial Supply Association, current ISA chair Maria Ford of Stanley Black & Decker announced that president/CEO Ed Gerber will be leaving the association.

David named VP of sales for Cascades PRO

Cascades announced the appointment of François David as vice-president of sales for Cascades PRO in addition to his responsibilities as vice-president of marketing and innovation for Cascades Tissue Group.

Dayco signs first-ever master distributor agreement

Dayco announced the recent signing of a master distributor agreement with Canada-based PTM Industries for the sales and distribution of a new line of Dayco industrial belts expected to hit the market in early 2022.

Pentair acquires Pleatco

Pentair plc, a provider of water treatment and sustainable solutions, has entered into a definitive agreement to acquire Pleatco, a manufacturer of water filtration and clean air technologies for pool, spa and industrial air customers.

Platinum Equity acquires Oregon Tool

Platinum Equity has completed its acquisition of Oregon Tool, a global manufacturer and distributor of aftermarket-driven professional grade cutting tools, outdoor equipment accessories and parts. Financial terms were not disclosed.

Industrial production declined in September

Industrial production fell 1.3 percent in September after moving down 0.1 percent in August.

Kaman Distribution Group acquires Integro Technologies

Kaman Distribution Group has acquired Integro Technologies Corporation, a Salisbury, North Carolina-based vision integrator and inspection company.

Fastenal 3Q sales rise 10 percent

Fastenal Company reported sales of $1.55 billion for the third quarter, a 10 percent increase from $1.41 billion in the same period last year.

Burke promoted to Industrial Scientific president

Industrial Scientific announced that Parker Burke has been promoted to president.

Lawless Group announces expansion

The Lawless Group, manufacturers’ representation agency, announced a new leadership structure to accelerate growth in the Eastern United States.

Manufacturing technology orders take off in August

Orders for manufacturing technology in August 2021 totaled $560 million, an increase of nearly 20 percent over July 2021 and 89 percent over August 2020.

Mi-T-M to become ESOP

Privately held Mi-T-M Corporation announced plans to share ownership with employees by becoming owned by a 100 percent Employee Stock Ownership Plan (ESOP).

Manufacturing and construction jobs added in September

The nation's factories and construction sites added workers during the month of September, helping to spur a total employment gain of 194,000 during the month.

Crescent Electric hires new senior VP

Crescent Electric Supply announced that Edwin Ojeda joined the company as senior vice president of Industrial.

Weber named president of OneSource Distributors

Sonepar USA announced that Matt Weber has been promoted to president of OneSource Distributors from his current position as vice president of contractor sales, effective immediately.

Core & Main completes CES Industrial Piping acquisition

Core & Main has closed its previously announced acquisition of substantially all of the assets of CES Industrial Piping Supply, located in Belton, Missouri.

MSC names interim senior VP

MSC Industrial Supply announced that Kim Shacklett will assume the role of interim vice president of sales & customer success.

Airgas makes executive appointments

Airgas, an Air Liquide company and a leading U.S. supplier of industrial gases, welding technologies, and safety products today announced appointments to its executive team.

Regal merges with Rexnord PMC

Regal Beloit Corporation has completed the merger with Rexnord Process and Motion Control to become Regal Rexnord Corporation.

JPW acquires Axiom Tool Group

JPW Industries has acquired Axiom Tool Group. Terms of the transaction were not disclosed.

Grainger and the American Red Cross celebrate 20-year partnership

Grainger announced that this year marks a significant milestone with the American Red Cross, the country's premier disaster relief organization.

Manufactured goods orders increased 1.2 percent in August

New orders for manufactured goods increased 1.2 percent in August to $515.7 billion.

Growth and resilience themes at AD BPT Division meeting

Coming together in person for the first time in 18 months, the AD Bearings & Power Transmission Division welcomed 45 member companies and 21 supplier partners to its annual Network Meeting Sept. 21-23.

August construction spending 8.9 percent above last year

Construction spending during August 2021 was estimated at a seasonally adjusted annual rate of $1,584.1 billion, virtually unchanged from the revised July estimate of $1,584.0 billion.

Winsupply acquires HESCO Supply

Winsupply Inc. has completed the purchase of HESCO Supply, a Doraville, Georgia-based electrical and utility business.

September manufacturing activity strong

Manufacturing grew for the 16th consecutive month according to the latest report from the Institute for Supply Management

INDUSTRIAL SUPPLY MAGAZINE

The Nov./Dec. issue of Industrial Supply magazine is off the press. It features an in-depth cover story about how Pinnacle Tool & Supply satisfies customer demand. Plus articles by contributing writers that include Nelson Valderrama, Howard Coleman and other leading experts in the distribution community.