September 2020 News

Enerpac Tool Group sales decline 29.6 percent
Enerpac Tool Group reported fourth-quarter net sales of $111 million, a 29.6 percent decline from $158.3 million in last year's fourth quarter.

Registration opens for ISA Women in Industry Virtual Summit
ISA has launched registration for its next virtual event for 2020, the first-ever Women in Industry Virtual Summit, taking place Oct. 21-22 from 1-4:30 p.m. EST.

Rawson/Industrial Controls launches new website
ERIKS owned Rawson/Industrial Controls has launched a new website for the two companies that merged brands last year.

Snap-on acquires AutoCrib
Snap-on has acquired the assets of AutoCrib Inc. for approximately $36 million in cash.

NAHAD Fabrication Guidelines now on NAHAD Academy
NAHAD - The Association for Hose and Accessories Distribution announced that its Hose Assembly Fabrication Guides have been converted to a series of interactive courses now available on the NAHAD Academy e-Learning platform.

Alliance Distribution Partners names VP of sales
Alliance Distribution Partners, a master distributor of industrial and safety products, has named Adam Crews vice president of sales.

Grainger hits it out of the park for the Cubs
As the Chicago Cubs prepare for postseason play as the newly crowned National League Central Division champs, at least some of the credit has to go to Grainger.

Winsupply breaks ground on Richard W. Schwartz Center for Innovation
Winsupply Inc. broke ground today on the future home of the Richard W. Schwartz Center for Innovation.

Global Industrial launches 'Ready. Set' campaign
Global Industrial announced the launch of its "Ready. Set." campaign focused on the information, solutions, and products to support its customers' ongoing operations and future growth.

SKF to expand North American manufacturing
SKF is investing approximately $50 million in strengthening its manufacturing footprint and competitiveness in North America.

Survey: 2021 Outlook
It's the planning time of the year and this year, more so than ever, there are unknowns looking forward due to uncertainty driven by COVID. 

Grainger donates 1.7 million face coverings to Chicago schools
Grainger has donated 1.7 million face coverings to Children First Fund (CFF) to help ensure teachers, students and staff in Chicago Public Schools (CPS) have the face coverings they need for a safe school year.

Chicago Fed National Activity Index shows slower August growth
Led by some further moderation in the growth of production-related indicators, the Chicago Fed National Activity Index declined to +0.79 in August from +2.54 in July.

Calabro joins Channel Marketing Group
Chris Calabro, a veteran of more than 30 years in the electrical, HVAC and fire safety industries, joined Channel Marketing Group as a vice president.

PTDA Report: Recovery coming in 2021
Following a slow start early in 2021, business should improve throughout the year according to the second quarter 2020 Sales History & Outlook Report (SHOR) released by the Power Transmission Distributors Association (PTDA).

Cutting tool consumption declined in July
July 2020 U.S. cutting tool consumption totaled $137.8 million, an 8.5 percent decline from June's $150.6 million and down 30.6 percent compared with $198.5 million in July 2019.

Pandemic Revenue Index drops back into negative territory
Following four weeks of positive results, the weekly Pandemic Revenue Index moved back in to negative territory.

August industrial production up 0.4 percent
Industrial production rose 0.4 percent in August for its fourth consecutive monthly increase.

Bolts & Nuts Corp. becomes Stock'd Supply
Bolts & Nuts Corp., a nationwide industrial distribution firm based in Chattanooga, Tennessee, has changed its name and re-branded as Stock’d Supply.

NEFCO opens Syracuse location
The NEFCO Corporation has opened a new location in Syracuse, New York, to support professional contractor trades in Central New York.

Manufacturing technology orders declined in July
U.S. Manufacturing Technology Orders totaled $337.5 million in July, a decrease of 1.7 percent from June and a 13.8 percent decrease from July 2019.

MSC August sales fall 9.7 percent
MSC Industrial Supply reported total net sales for the month of August declined 9.7 percent to $240.3 million.

Viega expands U.S. production capability
Viega LLC has added production lines to its Kansas manufacturing operations in order to speed distribution in North America and move more production from Germany to the United States.

Pandemic Revenue Index climbs 29.2 percent
Indian River Consulting Group’s weekly Pandemic Revenue Index for the work week of Aug. 31-Sept. 4 indicated a 29.2 percent increase compared with the same week a year ago.

AD opens Toronto area warehouse
AD announced the opening of a new Canada warehouse and meeting center located in the greater Toronto area.

HD Supply sales decline 4.4 percent
HD Supply Holdings reported net sales of $1.55 billion for the second quarter, a decrease of 4.4 percent compared to $1.62 billion in the second quarter of fiscal 2019.

Webinar Alert: CO-OP BY THE NUMB3RS
Learn how to use free co-op marketing funds to grow your distributorship in the post-COVID era!

NAW names new CEO 
The National Association of Wholesaler-Distributors has appointed Eric Hoplin as chief executive officer, effective Oct. 19.

Milwaukee Tool to open new Indiana service hub
Milwaukee Tool plans to open a new service hub in Greenwood, Indiana, in March 2021.

NetPlus transitions annual meeting to virtual format
NetPlus Alliance announced that it will hold its annual meeting in a virtual format, thanks to a new partnership with BlueVolt.

Rust-Oleum acquires Ali Industries
RPM Industries announced that its Rust-Oleum business has acquired Ali Industries LLC, a manufacturer of sandpaper and other abrasives.

Rust-Oleum names new president
Rust-Oleum named Bill Spaulding president of the company, replacing retiring president and CEO, Ed Voorhees. This transition was effective on Aug. 31.

Fastenal reports 2.2 percent August sales decline
Fastenal's sales of $465.2 million in August declined 2.2 percent from $475.6 million in August 2019.

Viega names new CEO
Viega LLC has named Markus Brettschneider its new CEO and president.

Third consecutive increase for Pandemic Revenue Index
The weekly Pandemic Revenue Index from Indian River Consulting Group increased for the third straight week.

AD's Cohen wins HR award
Neil Cohen, the senior vice president of human resources for AD, has won the HR Person of the Year Award for medium sized companies in the greater Philadelphia region.

Productivity increased 10.1 percent in Q2
Nonfarm business sector labor productivity increased 10.1 percent in the second quarter of 2020, the U.S. Bureau of Labor Statistics reported today, as output decreased 37.1 percent and hours worked decreased 42.9 percent.

NAHAD's Hose Safety Institute Regional Training
NAHAD will host its 2nd annual Hose Safety Institute Regional Training this year as a digital event.

AD finalizes merger agreement with Safety Network
AD has finalized the merger agreement with Tampa-based SafetyNetwork and set Jan. 1, 2021 as the closing date.

MSC names new eCommerce VP
MSC Industrial Supply announced that Faisal Hussain has joined the company as vice president, eCommerce.

Motion Industries acquires Applied Machine and Motion Control
Motion Industries has completed the acquisition of Applied Machine and Motion Control Inc., a Kentucky-based supplier of motion control and automation products and services.

American Welding & Gas acquires Bestway Welding
Matrix Capital Markets Group announced the sale of Medical Gas Supply, doing business as Bestway Welding Supply, to American Welding & Gas.

July construction spending up 0.1 percent from June
Construction spending during July 2020 was estimated at a seasonally adjusted annual rate of $1,364.6 billion, 0.1 percent above the revised June estimate of $1,362.8 billion.

Manufacturing expands for fourth consecutive month
Manufacturing grew in August, as the Institute for Supply Management purchasing index registered 56 percent, 1.8 percentage points higher than the July reading of 54.2 percent.

Ingersoll Rand acquires Albin Pump
Ingersoll Rand Inc. has completed the acquisition of Albin Pump SAS, a manufacturer of electric peristaltic pumps.

Lawson Products acquires Partsmaster
Lawson Products announced the acquisition of Partsmaster, an MRO solutions provider with annual sales of approximately $63 million.