Distribution Industry News

Fastenal 3Q sales up 7.8 percent

Fastenal Company reported that its net sales increased 7.8 percent to $1.38 billion in the third quarter of 2019 when compared to the third quarter of 2018.

Lawson Products expands borrowing capacity

Lawson Products has entered into a new credit agreement increasing its maximum borrowing capacity from $40 million to $100 million.

Manufacturing technology orders fell 3.2 percent in August

U.S. manufacturing technology orders fell 3.2 percent from the previous month to a total of $365.6 million in August 2019, according to the latest U.S. Manufacturing Technology Orders Report published by AMT – The Association For Manufacturing Technology.

Triad Technologies acquires Day Fluid Power

Triad Technologies, an Ohio-based distributor of fluid power and automation products, has acquired Day Fluid Power of Goshen, Indiana.

Hunter Fan Company acquires Jan Fan

Hunter Fan Company has acquired Entrepreneurial Pursuits Inc., doing business as Jan Fan.

New NAW study: Optimizing Channel Profitability

The NAW Institute for Distribution Excellence announced its newest research study, Optimizing Channel Profitability: A Playbook to Align Manufacturer– Distributor–Customer Relationships.

Gardner Denver names CFO

Gardner Denver Holdings announced the appointment of Emily A. Weaver as senior vice president and chief financial officer, effective Dec. 1, 2019.

Plews & Edelmann hires retail category manager

Plews & Edelmann has hired Brandi Johnson as director of category management - retail
for aftermarket and retail markets worldwide.

AD Industrial and Safety Division-U.S. celebrates 25 years

AD Industrial and Safety Division–U.S. members, supplier partners and service providers contributed to record-breaking attendance Sep. 23-26, 2019 at the Gaylord Texan in Grapevine, Texas at the 2019 AD North American Meeting.

Lafert North America announces new appointments

Lafert North America, a manufacturer of metric AC Motors, metric gearboxes and coolant pumps, announced two new appointments.

Winsupply names VP of supply chain

Winsupply Inc. has named Eric Roush to vice president, supply chain.

Würth Industry of North America  acquires Fasco Fastener

Würth Industry of North America (WINA) has acquired Fasco Fastener, a distributor of stainless steel, silicon bronze, and brass fasteners to the wholesale, OEM and large retailer trade.

WernerCo moves headquarters

WernerCo announced plans to move its U.S. based headquarters to Hamilton Lakes in Itasca, Illinois.

Caldwell Group names business development specialist

The Caldwell Group Inc. has named lifting and spreader beam expert Malcolm Peacock business development specialist.

Reed names Midwest regional manager

Reed Manufacturing named Shannon Lessner regional manager for the Midwest markets.

Factory jobs declined in Sept., construction showed small gain

Manufacturing lost 2,000 jobs during the month of September, while the construction industry added 7,000 jobs.

DDI System releases version 20 of Inform ERP

DDI System announced the release of Inform ERP Software, Version 20.

Martin Supply acquires SafetyWear

Martin Supply, a subsidiary of Martin Inc., has acquired SafetyWear headquartered in Ft. Wayne, Indiana.

AD eCommerce reaches 100 members

AD recently added its 100th member on eCommerce powered by AD eContent Service, Winkle Electric Company.

Plews & Edelmann names director of marketing services

Plews & Edelmann has promoted Andrew Moe to director marketing services for aftermarket and retail markets worldwide.

WESCO names COO

WESCO International announced the appointment of Nelson Squires as its senior vice president and chief operating officer effective Oct. 1.

Genuine Parts completes sale of EIS

Genuine Parts Company announced that it has completed the sale of its wholly-owned subsidiary EIS Inc., the Electrical Specialties Group of Motion Industries, to Audax Private Equity, effective Sept. 30, 2019.

DPA Buying Group adds members

The DPA Buying Group has added 13 new distributor members to its industrial and contractor supply division and 19 new members to its safety products division.

Epicor acquires 1 EDI Source

Epicor Software Corporation has acquired 1 EDI Source Inc., a provider of electronic data interchange (EDI) solutions and business visibility software.

Manufacturing contracts for second straight month

Manufacturing contracted in September, as the Institute for Supply Management's PMI registered 47.8 percent, a decrease of 1.3 percentage points from the August reading of 49.1 percent.

Construction spending up 0.1 percent in August

Construction spending rose 0.1 percent in August to a seasonally adjusted annual rate of $1,287.3 billion.

Rockwell Automation acquires MESTECH Services

Rockwell Automation has acquired MESTECH Services, a global provider of Manufacturing Execution Systems / Manufacturing Operations Management, digital solutions consulting, and systems integration services.