September 2019 News

Turtle & Hughes Integrated Supply names new president

Scott West, vice president and member of the Turtle & Hughes executive committee, has been named president of Turtle & Hughes Integrated Supply (THIS).

Ohio Transmission acquires IDG Compressor

Ohio Transmission Corporation announced the acquisition of Tennessee-based IDG Compressor.

HD Supply to split into two companies

HD Supply Holdings announced its intention to separate its Facilities Maintenance and Construction & Industrial businesses into two independent publicly traded companies.

Ferguson to focus on NA market, spin off UK business

Ferguson plc announced plans to "demerge" its UK operations, subject to shareholder approval.

Chicago Fed National Activity Index ticked up in August

Led by improvements in production-related indicators, the Chicago Fed National Activity Index rose to +0.10 in August from –0.41 in July.

NAHAD adds Pellegrin to board

NAHAD announced the appointment of Brian Pellegrin of Spartan Industrial & Marine to the association's board of directors.

Webinar to showcase technology to solve ERP and e-commerce disconnect

DDI System, an ERP software provider for industrial and safety distributors, will host a live webinar to showcase new functionality designed to solve the ERP and eCommerce disconnect.

Industrial production rose 0.6 percent in August

Industrial production rose 0.6 percent in August after declining 0.1 percent in July.

ERIKS North America named top Marathon Petroleum supplier

ERIKS North America was recently recognized as one of the Top Suppliers by Marathon Petroleum Corp (MPC), the largest refining company in North America.

Court denies Essendant motion over dispute with GPC

A Delaware court has denied a motion by Essendant to dismiss breach-of-contract claims filed by Genuine Parts Company, which had planned to merge its S.P. Richards business unit with Essendant last year.

Timken to acquire BEKA Lubrication

The Timken Company has agreed to acquire BEKA Lubrication, a global supplier of automatic lubrication systems, for approximately $165 million.

Turner Supply acquires Mitchell Tools

Mobile, Alabama-based Turner Supply Company has acquired Mitchell Tools of Hattiesburg, Mississippi.

Ohio Transmission acquires Pumps, Parts and Service

Ohio Transmission Corporation has acquired Pumps, Parts and Service Inc., an industrial pump and repair company with service locations in the Southeast.

Fastenal August sales rise 1.6 percent

Fastenal reported sales of $475.6 million in August, a 1.6 percent increase from $467.9 million in August 2018.

Shopify to acquire 6 River Systems

Shopify Inc., a cloud software company that helps retailers develop online storefronts, has agreed to acquire 6 River Systems Inc., a provider of collaborative warehouse fulfillment solutions.

HD Supply sales rise 1.5 percent

HD Supply Holdings reported net sales of $1.6 billion for the second quarter of fiscal 2019, an increase of 1.5 percent compared to the second quarter of fiscal 2018.

WIDIA Products Group becomes IBC supplier

IBC announced that WIDIA Products Group of Latrobe, Pennsylvania, has joined the IBC industrial buying group as a preferred supplier.

Report says recruiting new employees a major challenge

Recruiting and hiring new employees is a more challenging today than as recently as three years ago, according to a new report by PT WORK Force.

Manufacturing technology orders declined in July

U.S. manufacturing technology orders totaled $383.7 million in July, a 5 percent decline from July 2018.

supplyFORCE names new president

supplyFORCE has named Ljupco Icevski president and CEO, effective Sept. 16.

Winsupply opens Florida plumbing distributor

Winsupply Inc. has opened Winsupply of West Orange, in Ocoee, Florida, serving residential plumbing contractors, and theme parks, resorts and hotels in central Florida.

NewAge Industries now 100 percent employee owned

NewAge Industries, the Southampton, Pennyslvania-based plastic and rubber tubing manufacturer, is now entirely owned by its employees through an employee stock ownership plan (ESOP).

Construction and manufacturing post small job gains

Construction and manufacturing employment improved slightly in August, as total employment rose by 130,000.

Construction spending up slightly in July

Construction spending during July 2019 was estimated at a seasonally adjusted annual rate of $1,288.8 billion, 0.1 percent above the revised June estimate of $1,288.1 billion.

HD Supply acquires Presto Maintenance Supply

HD Supply Holdings has acquired Houston-based Presto Maintenance Supply, a maintenance, repair and operations distribution company.

BlackHawk acquires CCA Inc.

BlackHawk Industrial Distribution announced the acquisition of Carbide, Cutting Tools, Abrasives Incorporated (CCA), based in Indianapolis, Indiana.

Streamlight names new regional sales manager

Streamlight, a global provider of high-performance lighting tools, named Scott Wert regional sales manager for the Industrial/Fire Division.

Productivity rises 2.3 percent in Q2

Nonfarm business sector labor productivity increased 2.3 percent in the second quarter of 2019, the U.S. Bureau of Labor Statistics reported today, as output increased 1.9 percent and hours worked decreased 0.4 percent.

Brown celebrates 30 years at Heule

Gary Brown, president and general manager of Heule Tool Corporation in Loveland, Ohio, recently celebrated his 30th anniversary with the company.

Lawson Products names VP of mergers and acquisitions

Lawson Products announced the appointment of Brian Hoekstra as vice president of mergers and acquisitions, a newly created position.

Singer Equities acquires Shipyard Supply

Singer Equities has acquired Shipyard Supply headquartered in Metairie, Louisiana.

CGW Abrasives becomes preferred provider to IBC

IBC announced the addition of CGW Abrasives (Camel Grinding Wheels) to its industrial buying group as a preferred supplier.

Metabo HPT names Pjevach CEO

Metabo HPT announced that Robert Pjevach will become chief executive officer effective Oct. 1, 2019.

Manufacturing contracted in August

Manufacturing contracted in August, as the Institute for Supply Management's PMI registered 49.1 percent, a decrease of 2.1 percentage points from the July reading of 51.2 percent.