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July 2014 News

DXP Enterprises sales jump 23.9 percent
DXP Enterprises reported second quarter sales jumped 23.9% to $381.6 million, compared to $307.9 million for the second quarter of 2013.

QA1 mourns loss of founder
James “Jim” Jordan, founder and chairman of QA1, passed away July 30 after a long battle with cancer. He was 67 years old.

Warfield to head Kaman Fluid Power platform
Kaman Corporation today announced the appointment of Tribby Warfield as senior vice president and general manager for the Fluid Power platform of Kaman Industrial Technologies.

Timken sales relatively flat
The Timken Company reported sales of $789 million for the second quarter of 2014, a decline of 0.3 percent from last year.

Kennametal earnings sharply lower
Kennametal's earnings were sharply lower in the fourth quarter despite a 15 percent increase in sales.

Master Lock acquires Sentry Safe
The Master Lock Company has acquired Sentry Safe, a producer of personal safes and protective security containers.

Dover acquires WellMark Co.
Dover Corp. announced that its energy segment has acquired The WellMark Company headquartered in Oklahoma City, Okla.

New Klein Tools VP of manufacturing
Klein Tools hired James Pultorak as vice-president of manufacturing.

Saint-Gobain sales fall
Saint-Gobain reported that its sales fell by 1 percent in the first half of 2014 to €20.4 billion (US $27.2 billion), compared to €20.7 billion (US $27.6 billion) in the same period last year.

Lincoln Electric promotes Ansberry
The Lincoln Electric Company named Jennifer Ansberry, vice president, deputy general counsel. 

Rockwell Automation earnings dip
Rockwell Automation reported fiscal 2014 third quarter sales of $1.64 billion, up 2 percent from $1.62 billion in the third quarter of fiscal 2013.

WayPart bridges the gap for distributors without e-commerce
WayPart, the industrial parts search engine, now allows sellers of industrial parts without e-commerce capabilities to compete online.

Eaton 2Q profit drops
Eaton Corporation posted second-quarter sales of $5.8 billion, 3 percent above the same period in 2013.

3M sales up 4.9 percent
3M reported second-quarter net income of $1.3 billion, or $1.91 per share, on sales of $8.1 billion.

New national account manager for Ideal Industries
Ideal Industries promoted John Dukes to national account manager for the Ideal U.S. Electrical Division.

Hahn System opens Chicago area branch
Hahn Systems, a construction and industrial tools supplier, has opened a new branch facility in Batavia, Ill.

PTDA updates Membership Directory
The Power Transmission Distributors Association (PTDA) has released its 2014 Membership Directory.

FCX Performance acquires Pump Energy
FCX Performance, a distributor of process flow control products and value-added services, has completed the purchase of Pump Energy Inc.

Lawson Products sales and earnings up
Lawson Products said 2Q net sales increased for the fourth consecutive quarter, up 5.5% to $72.1 million.

WESCO International earnings rise
WESCO International reported income of $68.9 million for the second quarter, up 5.5% from $65.3 million for the prior year quarter.

Stanley Black & Decker sales up 1 percent
Stanley Black & Decker said its net sales for the second quarter were $2.9 billion, up 1% versus the prior year.

Airgas sales up 3 percent
Airgas reported first quarter sales increased 3% over the prior year to $1.31 billion.

United Stationers sales up 3.6 percent
United Stationers reported that its second-quarter sales increased 3.6 percent to $1.32 billion compared to 2Q of last year.

Appleton Group names new account manager
Appleton Group, a division of Emerson Industrial Automation, appointed Michael Robertson to the position of national account manager.

Kito Americas to acquire Peerless Industrial
Kito Americas Inc. has agreed to acquire Peerless Industrial Group from Westview Capital Partners.

F & F Industrial celebrates 32 years
F & F Industrial Equipment Corp., a family run industrial supply and distribution company located in Middletown, N.Y., celebrated its 32nd anniversary in May.

Praxair sales and earnings rise
Praxair Inc. reported second-quarter net income grew by 5 percent to $467 million, or $1.58 per share.

Logistics adds Craftsman line
Logistics Corporation announced a new partnership with the Craftsman hand tool brand.

Greenlee names two directors
Greenlee/ A Textron Company named Jeff Smith to director of engineering and Josh Jacobs director of product management.

Ingersoll-Rand revenues up 4.3 percent
Ingersoll-Rand plc reported revenues increased by 4.3 percent to $3.5 billion, compared with $3,398 million for the 2013 second quarter.

Acklands-Grainger to acquire WFS Enterprises
Acklands-Grainger plans to acquire WFS Enterprises Inc., a distributor of tools and supplies to industrial markets in Southern Ontario and select U.S. locations.

Chicago Fed National Activity Index slows
Led by slower growth in production-related indicators, the Chicago Fed National
Activity Index edged down to +0.12 in June from +0.16 in May.

Motion Industries sales up 6.8 percent
Motion Industries posted sales of $1.20 billion for the second quarter, a 6.8 precent increase from $1.13 billion in the same period last year.

3M announces distributor awards
3M recognized four companies with “Distributor of the Year” awards at the 2014 Industrial Supply Association (ISA) Annual Convention.

CTP Transportation Products names VP
Ignacio Aguerrevere has been named vice president of global product management and marketing at CTP Transportation Products (CTP).

Distribution industry growing, adding jobs
Driven by online sales and an improved economy, the U.S. distribution industry is growing, according to the 2014 NAW Institute/McGladrey Distribution Monitor.

Brance-Krachy joins IDC-USA
Houston-based Brance-Krachy, a distributor of power transmission and cathodic protection solutions, has joined IDC-USA.

Allen Benjamin appoints Bartiromo
Allen Benjamin Inc. announced the appointment of Frank Bartiromo to coordinator of customer service and tool design.

Sherwin-Williams sales climb 12.1 percent
The Sherwin-Williams Company said its consolidated net sales increased 12.1%, to $3.04 billion in the second quarter.

Snap-on sales up by 8.2 percent
Snap-on Incorporated reported second-quarter sales of $826.5 million increased 8.2% from 2013 levels.

MAPI: Manufacturing growth continues
Current economic conditions continue to provide relatively smooth sailing for the manufacturing sector though marginal softening may be on the horizon.

Former ORS Nasco president joins Stellar Industrial Supply
Stellar Industrial Supply of Tacoma, Wash., announced that Larry Davis, the former president of ORS Nasco, is joining Stellar as an equity partner.

Grainger 2Q sales up 5 percent
Grainger reported second-quarter sales were $2.5 billion, a 5 percent increase compared to $2.4 billion in the 2013 second quarter.

ISA indexes move in opposite directions
The Manufacturer and Distributor Indexes moved in opposite directions for the second straight month, according to the July ISA Economic Indicator Report (EIR) from the Industrial Supply Association.

Manufacturing output up in June
Industrial production increased 0.2 percent in June and advanced at an annual rate of 5.5 percent for the second quarter of 2014.

New Legacy product development director
Legacy Manufacturing Company announced that Marco Laubach will join the company as director of product development.

May manufacturing technology orders fall
May U.S. manufacturing technology orders totaled $351.93 million, 17.5% lower than May 2013.

Sherman + Reilly names head of Utility business
Sherman + Reilly/ A Textron Company appointed Doug Eichner to the newly created position of senior vice president, Utility.

Fastenal June sales up 18.3 percent
Fastenal reported that June sales were $321.2 million, an 18.3 percent improvement over the $271.5 million reported in June of last year.

Fastenal 2Q sales up 12.1 percent
Fastenal Company said its second-quarter sales jumped 12.1 percent to $949.9 million.

NIBA joins ICP
Industrial Careers Pathway announced that NIBA-The Belting Association (NIBA) has become the group's fifth Alliance Partner.

Field Fastener merges with HRS Logistics
Field Fastener announced that it has merged with HRS Logistics.

Airgas acquires Abbott Gas Products
Airgas has acquired Abbott Gas Products, a distributor of industrial and medical gases and related supplies headquartered in Olean, N.Y.

ESP International acquires Industrial Seal
ESP International has acquired Dallas-based Industrial Seal, a distributor of seal products and services.

New president of CTP Power Transmission Products
John Vassilaros has joined CTP Transportation Products as president of its Power Transmission Products Division.

Merchant wholesaler sales increase
May 2014 sales of merchant wholesalers were $453.2 billion, up 0.7 percent from last month, according to the U.S. Census Bureau.

U.S. cutting tool consumption falls
May U.S. cutting tool consumption totaled $169 million, down 3.5 percent from April and down 4.4 percent from May 2013.

WD-40 sales climb 3 percent
WD-40 Company reported third-quarter net sales were $95.7 million, an increase of 3 percent compared to last year's third quarter.

MSC Industrial sales climbed 13.1 percent
MSC Industrial Direct reported net sales for the fiscal third quarter 2014 were $720.5 million, an increase of 13.1% over the same quarter a year ago.

New Dorner Mfg. regional sales manager
Chris Elley has been appointed a regional sales manager for Dorner Mfg. Corp.

Radians installs automated fulfillment system
Radians Inc., a manufacturer of safety glasses, announced that it has made a significant capital investment in warehouse automation at its Memphis, Tenn., headquarters.

Timken invests in new sales management tools
The Timken Company announced that it is making a $22 million investment in new customer and sales management tools.

Lewis-Goetz acquires Advanced Sealing
Pittsburgh-based distributor Lewis-Goetz announced the acquisition of Advanced Sealing, a manufacturer and distributor of fluid sealing products.

NetPlus Alliance announces training initiatives
NetPlus Alliance introduced a “Take Time to Train” campaign, ranging from online webinars to hands-on tool training co-sponsored by NetPlus suppliers.

Population trends may impact manufacturing
A new Manufacturers Alliance for Productivity and Innovation (MAPI) report suggests that global population trends may have a major impact on manufacturers.

Applied introduces new catalog
Applied Industrial Technologies introduced its new 2014 / 2015 Applied Product Catalog in print and digital versions.

Employment gains in manufacturing and construction
Employment grew in both the manufacturing and construction industries in June according to the U.S. Bureau of Labor Statistics.

Applied Industrial Technologies completes three acquisitions
Applied Industrial Technologies announced the acquisitions of a distributor in Mexico and Australia. The company also completed its previously announced purchase of a distributor based in San Angelo, Texas.

June manufacturing index dips slightly
The manufacturing sector is still expanding, but at a slightly slower pace, according to the latest report from the Institute for Supply Management.

ICP promotes industry at SkillsUSA
Industrial distributor members from three Industrial Careers Pathway (ICP) Alliance Partner associations met with hundreds of technically-minded students at recent trade shows for career and technical education.

Bridgestone Hose to buy HosePower
Bridgestone Hose America Inc. plans to acquire HosePower, a Florida-based hose distributor.