Distribution Industry News

HD Supply sales up 2 percent in third quarter

HD Supply Holdings reported net sales of $1.6 billion for the third quarter of fiscal 2019, an increase of 2.0 percent compared to the third quarter of fiscal 2018.

Morelli to resign as Columbus McKinnon president and CEO

Columbus McKinnon Corporation announced that Mark Morelli plans to resign from his position as president, CEO and director effective Jan. 10, 2020.

Remke Industries names director of business development

Remke Industries named Tommy O’Gara as its new director of business development.

Starrett names metrology systems vice president

The L.S. Starrett Company has appointed David Allen as vice president, Starrett Metrology Systems.

Habasit acquires South Korean companies

Habasit has acquired its long-standing distribution partners in South Korea, Namil Belt Industrial Co. and Korea Belt Services, as a new Affiliated Company of the Habasit Group.

Manufacturing productivity increased in third quarter

Manufacturing sector labor productivity increased 0.1 percent in the third quarter of 2019, as output increased 1.3 percent and hours worked increased 1.2 percent.

Manufacturing jobs increased in November

Manufacturing employment rose by 54,000 in November, following a decline of 43,000 in the prior month.

Manufactured goods orders increased in October

New orders for manufactured goods increased $1.4 billion or 0.3 percent to $497.0 billion in October, according to the U.S. Census Bureau.

Winsupply acquires Industrial Equipment & Parts

Winsupply Inc. has purchased Industrial Equipment & Parts, a Plymouth, Minnesota-based distributor of heavy industrial pumps.

Fastenal November sales up 0.7 percent

Fastenal reported sales of $413 million in November, a 0.7 percent increase from $410 million in November 2018.

PIP acquires Boss Glove and Safety

Protective Industrial Products Inc. announced the acquisition of Boss Glove and Safety business from the Boss Manufacturing Company, headquartered in Kewanee, Illinois.

Manufacturing contracted in November

Manufacturing contracted in November, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.

October construction spending down 0.8 percent

Construction spending during October was estimated at a seasonally adjusted annual rate of $1,291.1 billion, 0.8 percent below the revised September estimate of $1,301.8 billion.

Moule named president of Barnes Industrial

Barnes Group Inc. announced the appointment of Stephen Moule to the position of senior vice president, Barnes Group Inc. and president, Barnes Industrial, effective immediately.