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April 2015 News

Lawson Products sales up 1 percent
Lawson Products Inc. said its net sales increased 1.0% to $69.9 million in the first quarter of 2015, compared to $69.2 million in the first quarter a year ago.

Applied Industrial sales climb 10 percent
Applied Industrial Technologies reported third quarter fiscal 2015 sales were $680.0 million, an increase of 10.0% compared with $618.0 million in the same quarter a year ago.

Timken sales down 2 percent
The Timken Company reported sales of $723 million for the first quarter of 2015, down 2 percent from a year ago.

AD member sales up 7 percent
Affiliated Distributors (AD) reported sales for all AD members across all seven divisions grew by 7% in Q1 of 2015 to $7.9 billion.

Kaman sales and earnings jump
Kaman Industrial Technologies reported sales of $311.4 million for the first quarter, a 20.3% increase from $258.8 million in the same period last year.

Praxair sales fall 9 percent
Praxair reported sales in the first quarter were $2.75 billion, 9% below the prior-year quarter.

MSC expands Accupro product line
MSC Industrial Supply is expanding its Accupro portfolio of high-performance metalworking products for small, precise applications.

Eaton sales decline 5 percent
Eaton Corporation announced that sales in the first quarter of 2015 were $5.2 billion, 5 percent lower than the same period in 2014.

Parker sales decline 6 percent
Parker Hannifin Corporation reported fiscal 2015 third quarter sales decreased 6 percent to $3.16 billion.

Graybar opens Calif. service center
Graybar announced the opening of a new service center and warehouse in Pomona, Calif.

WESCO acquires Hill Country Electric
WESCO International has entered into a definitive agreement to acquire Hill Country Electric Supply.

IDC-USA adds distributor
Power Drive Systems of Jackson, Mich., has joined the distributor cooperative IDC-USA.

NetPlus Alliance names award winners
NetPlus Alliance handed out several awards at its second annual meeting at The M Resort in Henderson, Nev., April 12-14.

Superior Abrasives to expand
Superior Abrasives has finalized plans for a new, 100,000-square-foot manufacturing plant in Vandalia, Ohio.

Stellar Industrial merges with Impact 
Stellar Industrial Supply announced the signing of a definitive agreement to join forces with Impact Industrial Supplies, of Tampa Bay, Fla.

Carlisle Companies sales up 9.1 percent
Carlisle Companies Incorporated reported net sales of $709.3 million for the first quarter, a 9.1% increase from $650.4 million in the first quarter 2014.

Stanley Black & Decker sales up 1 percent
Stanley Black & Decker said its first quarter sales were $2.6 billion, up 1% versus the prior year.

Snap-on sales up 5.1 percent
Snap-on Incorporated reported first quarter sales of $827.8 million increased 5.1% from 2014 levels.

Ingersoll-Rand sales up 6 percent
Ingersoll-Rand reported revenues increased 6 percent to $2.8 billion, compared with revenues of $2.7 billion for the 2014 first quarter.

Horizon Solutions names director of industrial and safety
Horizon Solutions announced that Scott Wilson has accepted the position of director, industrial/safety products and services.

3M sales down 3.2 percent
3M reported first-quarter sales declined 3.2 percent year-on-year to $7.6 billion.

WESCO International sales flat
WESCO International reported first quarter net sales were $1.816 billion, compared to $1.810 billion for the first quarter of 2014, an increase of 0.3%.

YG-1 named IBC preferred supplier
IBC announced the addition of YG-1 U.S.A. as a preferred supplier of cutting tools.

United Stationers posts 1Q loss
United Stationers reported that first quarter sales increased 6.2% to $1.33 billion compared to the first quarter of last year driven by prior year acquisitions.

Weiler Corporation expands headquarters
Weiler Corporation has expanded its office space to accommodate increased staffing in key business areas and reflect a commitment to providing innovative solutions to customers’ needs.

IBC adds members and suppliers
Distributor alliance IBC added three new distributor members and two preferred suppliers.

Motion Industries sales up 3 percent
Motion Industries posted sales of $1.18 billion for the first quarter, a 3% gain compared to $1.14 billion in the same period last year.

IBC adds to staff
IBC, the alliance of industrial, bearing & power transmission, electrical, and subassembly distributors, announced two appointments to the company’s operations and marketing staff.

Timken opens gear drive facility
The Timken Company opened a new gear drive manufacturing facility in Houston.

ISA Distributors show strong growth in March
The April ISA Economic Indicator Report (EIR) from the Industrial Supply Association indicated accelerating growth in March for distributors but a slight softening for manufacturers.

Economic growth slowed in March
Led by declines in production-related indicators, the Chicago Fed National Activity Index moved down to –0.42 in March from –0.18 in February.

Dynabrade acquires National Detroit
Dynabrade Inc. has completed the acquisition of National Detroit Inc., Rockford, Ill., a manufacturer of pneumatic abrasive power tools.

Graybar names new VP of strategic accounts
Graybar named Tammy Livers vice president, strategic accounts, effective April 20.

Grainger Q1 sales up 2 percent
Grainger reported sales for the first quarter of 2015 increased 2 percent to $2.43 billion, compared to $2.38 billion in the first quarter of 2014.

Weiler names new district sales manager
Weiler Corporation named Will Bennett district sales manager in Dallas, Texas.

Horizon Solutions names new CEO
Horizon Solutions CEO/president Jim Newton announced his retirement.

Fastenal sales up nearly 9 percent
Fastenal Company reported net sales of $953.3 million were 8.8 percent higher than the $876.5 million reported in the same quarter of 2014.

Nord Gear makes regional appointments
NORD Gear Corporation named Ryan Sischo and Chad Ebbeler as directors of sales and business development for the West and Southwest regions respectively in the U.S./ North American market.

Weiland promoted at NetPlus Alliance
NetPlus Alliance appointed Shirley Weiland as assistant vice president of operations effective immediately.

WinWholesale acquires Security Supply
WinWholesale Inc. has acquired Security Supply, Selkirk, N.Y., a wholesale distributor of plumbing, heating and air conditioning products with 12 locations serving portions of New York, Massachusetts and Vermont. 

Wise County Winsupply opens
Wise County Winsupply has opened in Texas to provide wholesale plumbing contractors in Wise County and surrounding counties with plumbing products, supplies and services.

February manufacturing technology orders fall
February U.S. manufacturing technology orders totaled $304.74 million, down 10.6% from January’s $341.02 million and down 14.8% compared with $357.86 million reported for February 2014.

Cutting tool consumption down in February
February U.S. cutting tool consumption totaled $179.3 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.

Lewis-Goetz acquires Action Industrial
Lewis-Goetz has acquired Action Industrial Group, a South Carolina-based fabricator and distributor specializing in fasteners, gaskets, hose products and industrial construction tools and supplies.

WD-40 sales up 3 percent
WD-40 Company reported net sales for the second quarter were $97.3 million, an increase of 3 percent compared to the prior year fiscal quarter.

Jason Inc. acquires Herold Partco Manufcturing
Jason Inc. acquired the manufacturing assets and customer list from Cleveland-based Herold Partco on March 25.

DXP Enterprises acquires Tool Supply
DXP Enterprises has acquiredTool Supply Inc., a distributor of cutting tools, abrasives, coolants and machine shop supplies.

MSC Industrial sales up 6.8%
MSC Industrial Supply reported net sales for the fiscal second quarter 2015 were $706.4 million, an increase of 6.8% on an average daily sales basis.

BlackHawk announces three acquisitions
BlackHawk Industrial announced the acquisition of Pioneer Tool Supply, Pioneer Precision Grinding, and Cataleap.

Radians acquires VisionAid
Radians Inc. has acquired Massachusetts-based VisionAid Inc., a manufacturer of SideShields, portable emergency eyewash stations, and lens cleaning products.

Kane promoted at PIP USA
Tim Kane was named a national account manager for PIP USA, responsible for the HD Supply, Staples and Airgas accounts.

ERIKS acquires Seals and Packings
ERIKS, an international industrial service provider offering a wide range of  mechanical engineering components, has acquired Texas based Seals and Packings Inc.

Applied renews GSA contract
Applied Industrial Technologies announced that it has earned a five-year renewal of its Government Services Administration (GSA) contract.

Wendt USA names sales executives
Wendt USA named Shane Miller national sales manager and Chris Cecchettini director of sales and marketing.

Little change in factory, construction jobs
The nation's factories and construction sites both lost 1,000 jobs during the month of March, according to the Bureau of Labor Statistics.

Purvis acquires Animas Bearing
Purvis Industries has acquired Animas Bearing and Oilfield Supply located in Farmington, N.M.

ISM: Manufacturing expansion slowed in March
Economic activity in the manufacturing sector expanded in March for the 27th consecutive month.

Ryan Herco acquires Engineered Machinery
Ryan Herco Flow Solutions completed the acquisition of Engineered Machinery Incorporated (EMI) headquartered in Tualatin, Oregon.

nexAir acquires M&A Welding Supply
Memphis-based nexAir has acquired M&A Welding Supply Co., a distributor of welding and safety supplies with four locations in Georgia.

CRC Industries acquires ChemFree Corp.
CRC Industries has acquired ChemFree Corporation of Norcross, Ga., a subsidiary of Intelligent Systems Corporation.

Triad acquires Mega Fluidline
Triad Technologies, a distributor of fluid power and automation products, has acquired Mega Fluidline Products Inc.

Walter Surface Technologies names new president
Walter Surface Technologies announced that Michael Christodoulou has been appointed president and chief operating officer.