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August 2012 News

Peer Chain names new president
Peer Chain Company announced that Glenn Spungen will join the company as president effective Oct. 1.

Airgas to raise prices

Airgas announced a plan to raise prices on bulk and packaged industrial gases and other products effective Oct. 1.

Pres-On moves headquarters

Pres-On, a manufacturer of industrial foam tapes and gaskets, will relocate its headquarters from Addison, Illinois to Bolingbrook, Illinois, effective Sept. 4.

LineDrive signs agreement with Oil-Dri

LineDrive has been appointed manufacturer representative firm for Oil-Dri Corporation of America in Mid-Atlantic, South, and New England territories effective July 1.

Interline Brands to become private

Interline Brands announced that stockholders voted to adopt a previously announced merger agreement that will make the company privately held.

ISA forms group for Women Industrial Supply Executives

The Industrial Supply Association announced formation of a new networking group for women within the industrial supply industry.

MAPI: Manufacturing trade deficit rises

A new report shows that the U.S. manufacturing trade deficit continued to rise during the first half of 2012, but at a slower pace than in 2011.

HD Supply merges utilities and electrical businesses

HD Supply announced the launch of its combined utilities and electrical businesses into a single business named HD Supply Power Solutions.

Chicago Fed Midwest Manufacturing Index rises

The Chicago Fed Midwest Manufacturing Index increased 1.8% in July, to a
seasonally adjusted level of 95.

Durable goods orders rise

New orders for manufactured durable goods in July increased $9.4 billion or 4.2 percent to $230.7 billion, the U.S. Census Bureau announced.

Evergreen signs deal with GCommerce

Evergreen Marketing Group has signed an agreement with GCommerce, a provider of distribution supply chain connectivity solutions.

Study says manufacturers burdened by regulatory costs

A new report suggests that U.S. manufacturers are significantly impacted by the escalation in the volume and cost of compliance with federal regulations.

ICP promotes job board at career fair

More than 1,000 job seekers found their way to the Veterans Career Hiring Event held at Chicago’s Soldier Field on Monday, August 13, 2012.

ISA to host six regional meetings

The Industrial Supply Association announced plans to host a series of six regional meetings this fall.

ISA Index falls

The monthly Economic Indicators Report (EIR) from the Industrial Supply Association showed a slight decrease.

Chicago Fed National Activity Index rises

Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) increased to -0.13 in July from -0.34 in June.

Airgas reorganizes East region

Airgas announced the reorganization of its largest distribution region, Airgas East, into two separate regions - the Northeast region and the East region - effective Sept. 1.

DGI Supply to acquire Tool & Abrasive

DGI Supply, a DoALL Company, plans to acquire Tool & Abrasive Supply Inc. of Los Angeles.

PTDA Business Index rises for 9th quarter

Power transmission/motion control distributors experienced growth for the ninth consecutive quarter according to the latest PTDA Business Index.

Industrial production rises

Industrial production increased 0.6 percent in July after having risen 0.1 percent in both May and June.

Mechlin joins Alliance Distribution Partners board

Alliance Distribution Partners LLC announced that Stuart Mechlin has joined its board of directors.

June manufacturing technology orders dip

June U.S. manufacturing technology orders totaled $462.95 million according to AMT - The Association For Manufacturing Technology.

Airgas completes six acquisitions

Airgas Inc. announced it has acquired six businesses that generated combined annual revenues of approximately $17 million in 2011.

Kaman acquires Zeller Corp.

Kaman Industrial Technologies has signed an agreement to acquire Zeller Corporation, a distributor of electrical and automation components.

Fairmont Supply begins rebranding effort

Fairmont Supply Company announced the adoption of a new brand logo and tagline.

Grainger July sales up 11%

Grainger said its July sales increased 11 percent versus July 2011.

Lawson Products sales continue to fall

A decline in government sales and the loss of smaller customers are behind an 11.6% drop in sales for Lawson Products.

Applied Industrial Technologies hits record sales

Applied Industrial Technologies reported fiscal 2012 full-year sales were a record $2.4 billion, up 7.3% from 2011 sales of $2.2 billion.

Infor acquires Groupe Laurier

Infor announced the acquisition of Group Laurier, a reseller of Infor10 Distribution Business (SX.e) to the Distribution market in Canada.

MRC Global sales rise 22%

Sales for MRC Global Inc. were up 22% to $1.43 billion in the second quarter of 2011.

Industrial distributor revenues up 19.1%

Revenues for industrial distributors increased 19.1% to $353.3 billion in 2011, according to a new study on wholesale distribution activity.

Manufacturing productivity gained in Q2

The U.S. Bureau of Labor Statistics reported that manufacturing sector productivity rose 0.2 percent in the second quarter of 2012.

Bostwick-Braun buys Blackstone Supply

Bostwick-Braun Company purchased Blackstone Supply, a paint sundries and hardware distributor with headquarters in Providence, Rhode Island.

25,000 factory jobs added in July

Manufacturing employment rose by 25,000 in July, with nearly all of the increase in durable goods manufacturing.

RBC Bearings income jumps by 60.2%

RBC Bearings reported net sales for the first quarter of fiscal 2013 were $103.3 million, an increase of 10.7% from the first quarter of fiscal 2012.

Interline Brands income dips

Despite improved sales, Interline Brands saw its net income fall to $9.0 million for the second quarter compared to $9.9 million in the same period last year.

Rexnord posts loss

Rexnord reported a net loss of $2 million despite a 4% increase in sales in its fiscal 2013 first quarter.

Regal Beloit sales up 26.7%

Regal Beloit Corporation reported second quarter sales of $863.9 million increased 26.7% compared to $681.8 million for the second quarter of 2011.

Parker reports record sales

Parker Hannifin Corporation reported fiscal 2012 sales were a record $13.1 billion, an increase of 6.5 percent from $12.3 billion in the prior year.

DXP Enterprises income and sales rise

DXP Enterprises reported that its second quarter net income climbed to $12.2 million compared to $7.6 million in the second quarter of 2011.

Allied Motion profits up 23%

Allied Motion Technologies Inc. said that it achieved a 23% increase in net income for the second quarter, despite a 7% decrease in sales.

ISM survey: Manufacturing contracted in July

Economic activity in the manufacturing sector contracted in July for the second time since July 2009.

Motion and Flow Control acquires American Hose

Motion and Flow Control Products has acquired American Hose and Fittings Inc., a fluid connector distributor headquartered in Kent, Wash.

AIT completes SKF Distribution acquisition

Applied Industrial Technologies has finalized the acquisition of SKF Group's company-owned distribution business in Australia and New Zealand.