Distribution Industry News
Gyori named CEO of Pelican Products
Pelican Products announced the appointment of Phil Gyori as the company’s president and chief executive officer.
ShurTech Brands becomes Shurtape Technologies
ShurTech Brands, recognized for consumer brands such as Duck brand duct tape and FrogTape brand painter’s tape, is changing its name to Shurtape Technologies LLC.
BlueLinx Holdings sales relatively flat
BlueLinx Holdings reported net sales of $699 million for the second quarter of 2020, a 1 percent decline compared to $706 million for the prior year period.
OneSource Distributors moves distribution center
OneSource Distributors has moved its Orange County-based central distribution center to a larger facility in Fullerton, California.
Lawson Products sales fall 24.9 percent
Lawson Products reported second-quarter sales of $72.1 million, a nearly 25 percent decline from $96.1 million in the same period last year.
Manufacturing notches third consecutive month of growth
Economic activity in the manufacturing sector grew in July, with the overall economy notching a third consecutive month of growth.
Ingersoll Rand revenues soar post-acquisition
Ingersoll Rand reported second-quarter revenues of $1.3 billion up 101 percent versus prior year as reported revenues due primarily to the acquisition by Gardner Denver.
Emerson reports 16 percent sales decline
Emerson's third-quarter sales of $3.9 billion were down 16 percent from $4.7 billion in the same period last year.
Motion Industries makes two acquisitions
Motion Industries has acquired TRC Hydraulics, a Canadian-based supplier of hydraulic products and services, and F&L Industrial Solutions Inc., a distributor of T-slotted aluminum extrusion components.
Construction spending declined 0.7 percent
Construction spending during June 2020 was estimated at a seasonally adjusted annual rate of $1,355.2 billion, 0.7 percent below the revised May estimate of $1,364.7 billion.
MRC Global posts 39 percent sales decline
MRC Global said its sales were $602 million for the second quarter of 2020, 39 percent lower than the second quarter of 2019.
INDUSTRIAL SUPPLY MAGAZINE
The July/Aug. issue of Industrial Supply magazine is off the press. It features an in-depth cover story about how Brown Aviation Tool Supply created a niche in the aerospace market. Plus articles by contributing writers that include Troy Harrison, Tim Rasmussen, Jason Bader and other leading experts in the distribution community.
