September 2021 News

Investment group buys stake in Summit Hydraulics

North Branch Capital has made an investment in Summit Hydraulics, a Phoenix based distributor of aftermarket hydraulic kits and components for the agricultural and construction end markets, among others.

Pearlman Group acquires Excel Cleaning and Restoration Supplies

Pearlman Group has acquired Excel Cleaning and Restoration Supplies. Terms of the transaction were not disclosed.

Q2 GDP increased by 6.7 percent

Real gross domestic product (GDP) increased at an annual rate of 6.7 percent in the second quarter of 2021.

Kano Laboratories signs with RSC

Kano Laboratories, producer of the Kroil-branded penetrating oils and lubricants, signed an agreement with Regional Sales Company (RSC) to support Kroil customers and distributors in the Rocky Mountain region.

Force Control's Fuhrman retires

Force Control Industries announces the retirement of Rick Fuhrman following a 47 ½ year career.

Enerpac Tool Group names new president

Enerpac Tool Group Corp. has appointed Paul Sternlieb as president and chief executive officer.

Turtle & Hughes launches podcast

Turtle & Hughes has launched a new podcast called, “The Power of Partnerships.”

Weiler names technical applications manager

Weiler Abrasives announced that Pete Hutchinson has rejoined the company in the position of technical applications manager.

LINC Systems acquires Air-O Fasteners

LINC Systems has acquired Air-O Fasteners, in a transaction that expands LINC’s presence in the Western U.S.

Dentec Safety awarded government contract

Dentec Safety has been awarded a U.S. government contract for its reusable elastomeric respirator without an exhalation valve to protect healthcare and frontline workers.

Applied wins Workplace Award

Applied Industrial Technologies has received the NorthCoast 99 Platinum Award for 2021.

Chicago Fed Index slows in August

The Chicago Fed National Activity Index decreased to +0.29 in August from +0.75 in July.

DXP Enterprises acquires Premier Water

DXP Enterprises has acquired Premier Water, a distributor focused on serving the water and wastewater treatment markets in North and South Carolina.

Dynabrade acquires Manth Mfg.

Dynabrade Inc. recently completed the acquisition of one of its strategic suppliers, Manth Mfg. Inc., located in Tonawanda, New York.

Sandvik Coromant relocates U.S. headquarters

Sandvik Coromant has opened its new Sandvik Coromant Center in Mebane, North Carolina, which will also serve as the metalworking company's new U.S. headquarters.

ARCH Cutting Tools acquires CONTOUR360

ARCH Cutting Tools Corp. has acquired CONTOUR360 of Cornish, Maine, a manufacturer of engineered solid round cutting tools.

Locus Robotics acquires Waypoint Robotics

Locus Robotics announced its acquisition of Waypoint Robotics, a provider of industrial strength, autonomous, omnidirectional mobile robots. 

Fuller Industries acquired by Superior Solutions

Fuller Industries, a manufacturer of industrial products including commercial cleaning chemicals and supplies, has been acquired by Superior Solutions LLC.

Amsoil launches Amsoil Industrial

Amsoil Inc., a global provider of synthetic lubricant technology, has launched Amsoil Industrial, a new business unit dedicated to serving large business-to-business customers.

Sferes wins ISA Women’s Influence Award

The Industrial Supply Association (ISA) named Julie Sferes, business operations director for New England at Horizon Solutions, the winner of the 2021 ISA Women's Influence Award.

JIS Distribution acquires Erie Tool & Supply Co.

JIS Distribution LLC. has acquired the principal assets of Erie Tool & Supply Co. of Toledo, Ohio.

Core & Main to acquire CES Industrial Piping

Core & Main has entered into a definitive agreement to acquire CES Industrial Piping Supply, a full service provider of HDPE (high-density polyethylene) products and services, based in Kansas City, Missouri.

Air Hydro Power acquires Huntington Hose and Hydraulics

Air Hydro Power (AHP), located in Louisville, acquired certain assets of Huntington Hose and Hydraulics of Huntington, West Virginia as of Sept. 2, 2021.

Buckeye acquires Ray Industrial Products

Buckey Industrial Supply (BIS), Columbus, Ohio, has acquired Van Wert, Ohio-based Ray Industrial Products Inc. (RIPI).

Conexiom launches new platform

Conexiom, a provider of trade document automation solutions, introduced The Conexiom Platform, the next generation of its cloud-based automation technology.

DSG to open new Minnesota branch

Dakota Supply Group (DSG) plans to open a new branch in Burnsville, Minnesota, in March 2022.

Industrial production rose 0.4 percent in August

Industrial production increased 0.4 percent in August after moving up 0.8 percent in July.

FloWorks acquires Genesis Systems

FloWorks, backed by Clearlake Capital Group, has acquired Genesis Systems, a distributor of control valve, regulator, and valve automation products and systems.

Emuge-Franken names Lowe national sales manager

Emuge-Franken N.A. promoted Scott Lowe to national sales manager for the U .S. and Canada.

Manufacturing technology orders recovery continues

New manufacturing technology orders totaled $472.6 million in July 2021, a 41.5 percent increase compared to July 2020.

Walter to produce solid carbide drills in U.S.

Walter USA announced that Walter will assume operation of the round tool production unit in Greer, South Carolina, through an intra-company transfer within the Sandvik Group.

Optimas Solutions moves Mexico DC

Optimas Solutions has moved its distribution center in Mexico to a 32,400 sq. ft. facility in the Monterrey suburb of Apodaca.

IWDC promotes Werkley

The Independent Welding Distributors Cooperative promoted Keith Werkley to vice president of sales & vendor management, effective Sept. 1.

Kano Laboratories signs West Coast rep firm

Kano Laboratories, producer of the Kroil-branded penetrating oils and lubricants, signed with Competitive Advantage Group LLC, for West Coast industrial manufacturing marketing representation.

L&W Supply consolidates two Florida branches

L&W Supply has consolidated its Englewood and Punta Gorda locations into a new facility servicing Port Charlotte, Florida.

Martin Inc. acquires Capital Bolt & Screw

Martin Fastening Solutions, a subsidiary of Martin Inc., announced the acquisition of Capital Bolt & Screw, headquartered in Jackson, Mississippi.

White Cap to acquire Tri-Supply & Equipment

White Cap Supply Holdings has acquired Tri-Supply & Equipment based in New Castle, Delaware.

Fastenal August sales climb 14.2 percent

Fastenal posted sales of $531.0 million in August, a 14.2 percent gain from $465.2 million in August 2020.

Winsupply acquires Clausen Supply

Winsupply Inc. has completed the purchase of Clausen Supply of Iowa Inc.

Manufacturing, warehousing and mining add jobs in August

Manufacturing, warehousing and mining were among the industries adding jobs in August, while construction employment decreased slightly.

Motion & Control Enterprises acquires Instrument Associates

Motion & Control Enterprises has acquired Instrument Associates Inc. based in Alsip, Illinois.

Labor productivity rose 2.1 percent in Q2

Labor productivity increased 2.1 percent in the second quarter of 2021, the U.S. Bureau of Labor Statistics reported today, as output increased 8.1 percent and hours worked
increased 6.0 percent. 

Manufactured goods orders rose in July

New orders for manufactured goods increased 0.4 percent in July to $508.1 billion.

DSG Acquires Montana Waterworks & Irrigation

Dakota Supply Group (DSG) acquired Montana Waterworks & Irrigation (MTWW) in an asset purchase effective Sept. 1.

Channellock launches program to boost skilled trades

Channellock is launching a new tool aimed at getting young people interested in the trades.

ISM: Manufacturing grew by 0.4 percent in August

Manufacturing grew in August, as the Institute for Supply Management Index registered 59.9 percent, 0.4 percentage point higher than the July reading of 59.5 percent.

Construction spending rose 0.3 percent in July

Construction spending during July 2021 was estimated at a seasonally adjusted annual rate of $1,568.8 billion, 0.3 percent above the revised June estimate of $1,563.4 billion