August 2013 News
Grainger restructures management team
Grainger announced it modified its structure to provide greater focus and a more consistent integrated approach to pursue growth opportunities.
Midwest manufacturing declines
The Chicago Fed Midwest Manufacturing Index decreased 0.1% in July, to a
seasonally adjusted level of 95.8.
Durable goods orders fall sharply
In a troubling sign for manufacturing, new orders for manufactured durable goods fell sharply in July.
Grainger acquires E&R Industrial Sales
Grainger has acquired E&R Industrial Sales, a Michigan-based distributor of metalworking, production supplies and MRO materials.
ISA opens Online Product Show
The Industrial Supply Association announced the launch of its online Product Show.
Survey: Obamacare to hamper manufacturer growth
A vast majority of manufacturing executives responding to a recent survey believe that Obamacare, the Affordable Care Act, will hinder growth.
Allied Motion to acquire Globe Motors
Allied Motion Technologies has entered into a definitive agreement to acquire Globe Motors Inc. from Safran USA for approximately $90 million in cash.
Kaman completes Western Fluid acquisition
Kaman Corporation announced that its Distribution Segment has completed the acquisition of Western Fluid Components.
Chicago Fed National Activity Index rises
The Chicago Fed National Activity Index edged up to -0.15 in July from -0.23 in June.
ISA Economic Index up in July
The monthly Economic Indicator Report (EIR) from the Industrial Supply Association increased in July after having decreased the previous month.
RBC Bearings acquires Climax Metal Products
RBC Bearings has acquired Climax Metal Products Company for approximately $13.6 million.
Industrial production flat in July
The Fed reported that industrial production was unchanged in July after having gained 0.2 percent in June.
Cutting tool consumption falls in June
June U.S. cutting tool consumption totaled $155 million, according to the U.S. Cutting Tool Institute and AMT – The Association For Manufacturing Technology.
Applied sales up 3.7%
Applied Industrial Technologies reported that its fiscal 2013 sales were a record $2.46 billion, up 3.7% from fiscal 2012 sales of $2.38 billion.
Osborn expands Calif. facility
Osborn expanded its facility in Santa Fe Springs, Calif., to include all its product lines, including buff, brush and compound product line production and distribution.
FCX Performance acquires Florida Sealing Products
FCX Performance has acquired Florida Sealing Products, a Mulberry, Fla.-based mechanical seal supplier in the Florida marketplace.
IBC names new executive
IBC - Industrial Supply Plus named Ted Buck as Director of National Accounts and Supplier Diversity.
Creswell Richardson makes staff changes
Creswell Richardson announced several staffing changes in what the Chattanooga-based industrial distribution company says will be a growth trend in coming months.
Manufacturing technology orders down in June
June U.S. manufacturing technology orders fell to $426.83 million according to AMT - The Association For Manufacturing Technology.
Grainger July sales gain 4%
Grainger reported sales for the month of July increased 4 percent versus July 2012.
WinWholesale launches mobile app
WinWholesale Inc. has launched its first mobile application for customers to use with smartphones and tablets.
MCR Safety acquires U.S. Safety
MCR Safety has acquired U.S. Safety of Lenexa, Kan.
Grainger opens Bakken oil fields branch
Grainger announced the opening of its new branch in Williston, N.D., to support customers in the Bakken oil fields.
Tencarva acquires Pump Technology & Solutions
Tencarva Machinery Company has acquired Pump Technology & Solutions Inc. (PTS), in Cumming, Ga.
Allied Motion income drops
Allied Motion Technologies said its net income of $819,000 or 9 cents per diluted share, compared to $1.81 million, or 21 cents, for the second quarter of 2012.
Parker Hannifin sales and earnings decline
Parker Hannifin said its fiscal 2013 sales declined 0.8 percent to $13.0 billion, compared with $13.1 billion in fiscal 2012.
RBC Bearings income falls
RBC Bearings said its net income for the fiscal 2014 first quarter fell by 8.7% to $15.1 million compared to $17.2 million for the same period last year.
WinWholesale opens Atanta Winsupply
WinWholesale announced the opening of Atlanta Winsupply, which will fabricate fire sprinkler systems for contractors in the Atlanta metro area and the Southeast.
Fastenal has strong July
Fastenal reported that its July sales increased by 7.8% compared to a year ago to $282.3 million.
Airgas makes leadership changes
Airgas announced that Kevin M. McBride has been named president - Airgas South Region, and Emmanuel Dupree has been named president - Airgas Refrigerants Inc.
MRC Global income rises
Pipe, valves and fittings distributor MRC Global said its profits for the second quarter of 2013 increased 13%.
Eaton sales climb 38%
Eaton Corporation said its sales in the second quarter were $5.6 billion, 38 percent above the same period in 2012.
DXP Enterprises profits up 12.9%
DXP Enterprises announced net income rose 12.9% to $13.7 million for the second quarter.
Factory jobs inched higher in July
The nation's factories added just 6,000 jobs during the month of July according to the latest monthly jobs report from the U.S. Bureau of Labor Statistics.
BSA supports military families
Rather than purchase floral arrangements for the dinner at its annual convention, the Bearings Specialist Association decided to donate the money to a local charity.
Manufacturing expanded in July
Economic activity in the manufacturing sector expanded in July for the second consecutive month, according to the Institute for Supply Management.
Collins Pipe & Supply buys Apex Remington facility
Collins Pipe & Supply Co. agreed to acquire the Marcus Hook, Pa., location of Apex Remington Pipe & Supply Company, formerly Bear Tubular.
B&D Industrial to open Fla. branch
B&D Industrial is expanding its sales and service territory into South Florida with the opening of a new branch office in Fort Lauderdale.
Kaman acquires Western Fluid Components
Kaman Industrial Technologies signed an agreement to acquire Western Fluid Components.
AD sales up 5%
Affiliated Distributors said sales for AD Affiliates across all divisions grew by 5% to $14 billion in the first half of 2013.
ICP attends SkillsUSA event
Industrial Careers Pathway recently exhibited at the 2013 SkillsUSA TECHSPO in Kansas City, Mo. June 25 – 27.
Kahle to host sales manager seminar
Dave Kahle will host a two-day seminar for sales managers in the Chicago area Sept. 12 and 13.