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July 2013 News

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.

Parker merges groups

Parker Hannifin Corporation has consolidated its Climate and Industrial Controls (CIC) group into other existing operating groups within the company's Industrial Segment.

Survey: Distributors anticipate growth

Uncertainty about government regulation and its impact on business growth has become a top concern of executives in the wholesale distribution industry, according to results
from the 2013 McGladrey/NAW Institute Distribution Monitor.

Streamlight battery recycling effort

Streamlight announced that the company and several of its U.S. distribution partners recycled almost 2,900 pounds of rechargeable batteries during the second quarter of 2013, with a year-to-date total of nearly 3,300 pounds.

Acquisitions drive Kaman growth

Acquisitions drove top-line growth at Kaman Industrial Technologies, where sales increased 6.9% for the second quarter.

Columbus McKinnon sales and earnings fall

Columbus McKinnon said its net sales for the first quarter of fiscal 2014 fell 9.2% to $138.9 million.

Stanley Black & Decker income rises

Stanley Black & Decker reported a 21% rise in earnings in the second quarter. 

Grainger names new CIO

Grainger announced that Dr. Michael Ali joined the company as senior vice president and CIO.

Midwest manufacturing on upswing

Manufacturing is on the upswing in the Midwest, according to the Chicago Federal Reserve Bank.

Kennametal sales fall by 9%

Kennametal reported its fourth quarter sales declined by 9% to $671 million, compared with $739 million in the same quarter last year.

Airgas sales gained 2%

Airgas reported fiscal 2014 first quarter sales were $1.28 billion, an increase of 2% over the prior year.

3M sales grow 2.9%

3M reported that its 2Q sales grew 2.9 percent year-on-year to a record $7.8 billion.

Timken sales decline 16%

The Timken Company reported sales of $1.1 billion for the second quarter of 2013, a decrease of 16 percent from the prior year.

WESCO sales up 13.2%

WESCO International reported second quarter sales were $1.9 billion, up 13.2% from $1.7 billion for the second quarter of 2012.

Lawson Products sales decline

Sales at Lawson Products declined 2.2% to $68.3 million in the second quarter of 2013 compared to $69.8 million last year.

Praxair sales rise 7%

Praxair reported second-quarter sales were $3,014 million, 7% above the prior-year quarter.

WinWholesale opens CA and NY locations

WinWholesale is extending its Winsupply brand with the opening of Escondido Winsupply in Southern California and Orange County Winsupply in Montgomery, N.Y.

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 June from -0.29 in May.

United Stationers sales flat

United Stationers reported sales of $1.3 billion for the second quarter were flat to the prior year quarter.

IDC aids tornado victims

After an F-5 tornado ripped through Oklahoma in May, many are left picking up the pieces to rebuild their homes and their lives.

ITW sales up slightly

Illinois Tool Works Inc. reported second quarter revenues of $4.2 billion increased 1.0 percent.

Applied names chief commercial officer

Applied Industrial Technologies announced that Carl E. Will has joined the company as Chief Commercial Officer.

Praxair expands hydrogen capability

Praxair announced the start-up of a 135 million standard cubic feet per day (scfd) hydrogen plant serving the Valero refinery Port Arthur, Texas and other customers.

Grainger opens new Illinois distribution center

Grainger hosted a grand opening to celebrate its new distribution center in Minooka, Ill.

Snap-on sales up 3.6%

Snap-on Incorporated reported that is second-quarter sales of $764.1 million increased 3.6% from 2012 levels.

Motion Industries sales fall 1%

Sales at Motion Industries fell by 1% to $1.13 billion for the second quarter, compared to $1.14 billion in the same period last year.

DBM to launch new magazine

Direct Business Media, publisher of Industrial Supply magazine, is pleased to announce the launch of Pro Contractor Rentals magazine.

ISA Economic Index slows

The monthly Economic Indicator Report (EIR) from the Industrial Supply Association fell in June from the previous month, but remained in positive territory.

Grainger sales up 6%

Grainger reported 2Q sales increased 6 percent to $2.4 billion compared to the same period last year.

Industrial production up in June

Industrial production increased 0.3 percent in June after having been unchanged in May.

Kaman acquires Ohio Gear & Transmission

Kaman Corporation has agreed to acquire Ohio Gear & Transmission of Eastlake, Ohio.

MAPI: Manufacturing momentum picks up

The quarterly Manufacturers Alliance for Productivity and Innovation (MAPI) Business Outlook points to a degree of renewed momentum in manufacturing activity over the next three to six months.

C.H. Hanson makes management changes

Hand tool manufacturer C.H. Hanson announced a series of executive changes.

Fastenal sales rise 5.3%

Fastenal Company reported second-quarter sales of $847.6 million, a 5.3% increase from the same period last year.

MSC sales up 4.1%

MSC Industrial Direct said its 3Q sales were $636.9 million, an increase of 4.1% over the third quarter of fiscal 2012.

ASA joins ICP

Industrial Careers Pathway announced its newest ICP Alliance Partner, American Supply Association (ASA).

Acquisitions drive Q.E.P. Co. sales

Q.E.P. Co. reported net sales of $83.4 million for its most recent quarter, an increase of 19.4% from the same period last year.

Manufacturing technology orders up in May

At $430.06 million, U.S. manufacturing technology orders for May were up 13.6% from April.

WD-40 sales up 7%

WD-40 Company reported 3Q net sales of $93.1 million, an increase of 7% from the third quarter last fiscal year.

Scott Capital takes stake in Valterra Products

Scott Capital Partners announced that it led the recapitalization of Valterra Products, taking an ownership stake with founders George Grengs and Dennis Lunder, who remain significant shareholders.

Both good news and bad in jobs report

The construction industry added 13,000 jobs during June but factory jobs fell by 6,000 in the month.

Motion and Flow Control buys MD Hose and Fittings

Motion and Flow Control Products acquired MD Hose and Fittings LLC of Sidney, Mont.

Factory orders rise in May

New orders at U.S. factories increased 2.1 percent to $485 billion in May according to the U.S. Census Bureau.

DXP acquires Alaska Pump & Supply

DXP Enterprises acquired Alaska Pump & Supply, a distributor of pump products, process equipment and services for commercial, municipal and industrial applications within Alaska.

Klein Tools finds oldest Side-Cutting Pliers

Klein Tools set out to find the world’s oldest pair of Klein side-cutting pliers and ended up finding them via a swap meet at the Sky Village Meet in Yucca Valley, Calif., for only $10.

BDI moves Detroit area branch

BDI (Bearing Distributors Inc.), headquartered in Cleveland, announced the relocation of its Detroit branch.

North American Tool launches new website

North American Tool Corporation announced the launch of its new fully-featured website,www.natool.com.

Hurco acquires Italian machine tool component maker

Machine tool manufacturer Hurco Companies Inc. has acquired the machine tool component business of LCM Srl.

Mondics to retire from Applied

In a filing with the SEC, Applied Industrial Technologies said that president and chief operating officer Benjamin Mondics plans to retire in August.

Manufacturing expanded in June

Economic activity in the manufacturing sector expanded in June following one month of contraction, according to the Institute for Supply Management.

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