October 2022 News

Endries International to name new president/CEO

Endries International Inc. announced that Michael Knight has been named as the company’s new president and chief executive officer, effective Nov.28, 2022.

Kennametal Q1 sales up 2 percent

Kennametal said its first-quarter fiscal 2023 sales of $495 million increased 2 percent from $484 million in the prior year quarter.

Stellar Industrial Supply acquires One Way Industrial Supply

Stellar Industrial Supply has acquired Goleta, California-based One Way Industrial Supply.

Hallite Seals Americas names warehouse manager

Hallite Seals Americas recently promoted Erica Keeney to warehouse manager, reporting to Gustavo Giometti, senior customer service, and supply chain manager.

AD member sales gained 26 percent

AD is reporting member sales of $55.8 billion across 14 divisions in the first nine months of 2022, an increase of 26%.

Emerson ends fiscal year with 8 percent sales gain

Emerson reported that its fourth quarter net sales of $5.4 billion were up 8 percent compared to $4.9 billion in the same period last year.

Lawless Group names new regional VP

The Lawless Group (TLG) announced that Jerrel Flatt has joined Lawless Group East as regional vice president for Florida.

Grainger delivers 16.9 percent sales gain

Grainger reported sales of $3.9 billion for the third quarter, an increase of 16.9% from $3.4 billion in the third quarter of 2021.

Regal Renord to acquire Altra Industrial Motion

Regal Rexnord Corporation has reached a definitive agreement to acquire 100% of Altra Industrial Motion shares in an all-cash transaction for $62.00 per share.

Starrett names director of operations

The L.S. Starrett Company recently appointed Matthew Wells as Director of Operations and Continuous Improvement.

Applied sees 19.1% sales gain

Applied Industrial Technologies reported that net sales for the company's fiscal 2023 first quarter increased 19.1% to $1.1 billion from $891.7 million in the prior year.

Wright Brothers Global Gas appoints National Accounts COO

Wright Brothers Global Gas has appointed Greg Brown as COO of national accounts.

OMG Inc names manager of sales training

OMG Inc., a Steel Partners Company, and a manufacturer of fasteners, adhesives, and construction productivity tools, has named Jeffrey Gelinas as manager of sales training for its FastenMaster and Roofing Products Divisions.

Timken's sales up nearly 10 percent

The Timken Company reported third-quarter 2022 sales of $1.14 billion, up 9.6 percent from $1.04 billion in the same period a year ago.

Streamlight names new NSM for Industrial/Fire division

Streamlight Inc. promoted Travis Bridgette to national sales manager - East for the company’s Industrial/Fire division.

Martin Supply to acquire Quality Mill Supply

Martin Supply announced plans to acquire Quality Mill Supply Co., an Indiana-based industrial distributor providing industrial supplies and services to the Indiana market since 1944.

NorthEast Electrical acquires Rockingham Electrical Supply

Sonepar announced that its US subsidiary NorthEast Electrical has entered into an agreement to acquire Rockingham Electrical Supply Company.

Optimas introduces Diversity, Equity and Inclusion policy

Optimas Solutions recently announced a new Diversity, Equity and Inclusion (DEI) Policy.

Dynabrade earns ISO 9001:2015 certification

Dynabrade Inc. announced that the company has earned ISO 9001:2015 certification for its quality management system.

2022 AD Electrical Spirit of Independence Awards

The 2022 AD Electrical Spirit of Independence Awards ceremony honored AD members and suppliers in three Electrical divisions in the U.S., Canada, and Mexico who excelled in sales growth, marketing excellence, employee engagement, leadership, and giving back.

Chicago Fed National Activity Index unchanged

The Chicago Fed National Activity Index was unchanged at +0.10 in September.

OmegaFlex 3Q sales relatively flat

OmegaFlex said its third-quarter sales of $31.6 million declined 0.3% from $31.7 million in the same quarter last year.

NetPlus Alliance honors award winners

NetPlus Alliance hosted nearly 650 distributor and supplier attendees from 285 companies at its ninth Annual Meeting in Las Vegas, Nevada, from Oct. 2-4.

MSC's 4Q sales up 23 percent

MSC Industrial Supply said its net sales of $1.0 billion in the fiscal fourth quarter increased 23% compared to $831 million in the same period last year.

Motion Industries posts 35.3 percent sales gain

Motion Industries had sales of $2.2 billion in the third quarter, a 35.3% increase from the same period in 2021.

Snap-on's sales rise 6.2 percent

Snap-on reported net sales of $1.1 billion in the third quarter of 2022, a gain of 6.2% from $1.0 billion in 2021.

August cutting tool consumption rises

August 2022 U.S. cutting tool consumption of $178.1 million was up 2.6 percent from July’s $173.5 million and up 8.9 percent when compared with the $163.5 million reported for August 2021.

Valin Corp. acquires Jensen Instrument

Valin Corporation has acquired Azusa, California-based Jensen Instrument Co.

Lincoln Electric to acquire Fori Automation

Lincoln Electric Holdings has signed a definitive agreement to acquire Fori Automation, a privately held automation engineering firm founded in 1984, for $427 million in cash.

WALTER Surface Technologies names new regional sales director

WALTER Surface Technologies appointed Lisa Glass as regional sales director of the Atlantic Coast team.

Pilot Precision Products partners with Palbit

Pilot Precision Products, a manufacturer of industrial broaches and round cutting tools, has begun to import cutting tools made by Palbit, SA, a Portugal-based vertically integrated manufacturer of carbide tooling.

Allied Electronics & Automation to rebrand as RS

Allied Electronics & Automation, a trading brand of RS Group plc, is rebranding as “RS” in the first quarter of 2023.

Fastenal's 3Q sales up 16 percent

Fastenal Company reported sales of $1.8 billion for the third quarter, an increase of 16 percent compared to $1.5 billion in the same period last year.

Solve Industrial Motion to open new DC

Solve Industrial Motion Group has signed a lease for a 282,134-square-foot, state-of-the-art distribution center in Charlotte.

Industrial Supply Co. moves Elko branch

Industrial Supply Company has moved its Elko branch location from Industrial Way to a permanent home on Manzanita Lane.

Optimas Solutions names dual CEOs

Optimas Solutions announced the elevation of Mike Tuffy to CEO, International, and Daniel Harms to CEO, Americas.

Stellar Industrial Supply acquires Triad Tooling

Stellar Industrial Supply has acquired Longmont, Colorado-based Triad Tooling.

Applied Adhesives acquires Rochester Industrial Supply division

Applied Adhesives announced that it has acquired Rochester Industrial Supply Company’s adhesive division.

Dayco to exit hydraulics category

Kurt Hydraulics and Dayco have reached an agreement for all Dayco-branded hydraulic hose and coupling inventory to be transferred to Kurt Hydraulics.

Bishop Lifting Products acquires Westech Rigging Supply

Bishop Lifting Products, a portfolio company of Altamont Capital Partners, has completed the acquisition of Westech Rigging Supply, with locations in Eugene and Salem, Oregon.

Pye-Barker Fire & Safety acquires Metro Fire & Safety

Pye-Barker Fire & Safety accounced the acquisition of Metro Fire & Safety Equipment in New Jersey.

Manufacturing technology orders trending higher

New orders of manufacturing technology totaled $460.7 million in August 2022, an increase of 16.3 percent from July 2022 but down 14.5 percent from August 2021.

Manufacturers and contractors added jobs in September

Manufacturing and construction employment continued to trend up in September.

Bosch Rexroth announces expansion plans

Bosch Rexroth plans to expand its operations and will move its linear and assembly technology manufacturing facility to a new location in Charlotte, North Carolina.

JKF Americas launches Top Drive belt line

JKF Americas Inc, a subsidiary of JK Fenner (India) Ltd., has introduced its Top Drive line of power transmission products to the North, Central and South American markets.

PTDA welcomes two new distributors

The Power Transmission Distributors Association (PTDA welcomed two new member companies.

Ingersoll Rand to buy SPX FLOW air treatment business

Ingersoll Rand has entered into an agreement to acquire SPX FLOW’s Air Treatment business for approximately $525 million.

White Cap acquires Valley Supply

White Cap has closed on an agreement to acquire Valley Supply Company, a Washington-based supplier of construction materials to contractors in the Puget Sound area.

Wright names Taylor VP of Operations

Wright promoted Mike Taylor as its new vice president of operations. In his new role, Taylor will oversee engineering, production and human resources.

Manufacturing slowed in September

Manufacturing slowed in September, as the Institute for Supply Management's monthly index fell to 50.9 percent, 1.9 percentage points lower than the 52.8 percent recorded in August.

Epicor acquires eFlex Systems

Epicor has acquired eFlex Systems, a provider of cloud-based Manufacturing Execution System (MES) technologies.

Core & Main acquires Trumbull waterworks division

Core & Main has closed its previously announced acquisition of substantially all of the assets of the municipal waterworks division of Trumbull Industries Inc., as well as the assets of an affiliated entity, a supplier of specialty and private label products for the municipal and industrial markets, based in Ohio.

Turtle & Hughes invests in battery maker

Turtle & Hughes announced a strategic investment in Cadenza Innovation, a growth-stage company that has developed a patented technology platform – the ‘superCell’ – which is enabling a new generation of safe, high-performing, low-cost lithium-ion (Li-ion) batteries and energy storage solutions.

VS Carbonics forms The Cryo Group

VS Carbonics Inc., Florida’s largest distributor of liquid nitrogen, has acquired the assets of InCryo Systems Inc. to create InCryo LLC and Cryo Asset Management LLC.

Diversified CPC International names regional sales manager

Diversified CPC International welcomed Beau Besancenez as regional sales manager.

Winsupply acquires Hydrologic Distribution

Continuing its largest year of acquisition investments, Winsupply announced the acquisition of Hydrologic Distribution Company.

Abrasive Technology names new CEO

Abrasive Technology announced that Clement Wiekrykas has been named as the company’s chief executive officer.

BlackHawk expands California logistics team

BlackHawk Industrial announced that Eric Irving has joined BlackHawk as its regional logistics manager in Tustin, California.

Hospeco Brands acquires ChemCor

Hospeco Brands Group, a manufacturer and supplier of personal care, cleaning, and protection products serving the away-from-home marketplace, is acquiring ChemCor Chemical Corp.

Hultafors Group acquires Martinez Tool

Hultafors Group AB of Gothenburg, Sweden, has acquired the Martinez Tool Co.

Alro Steel acquires Access Metals

Alro Steel completed the acquisition of Access Metals in Baltimore, Maryland, on Sept. 30.