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July 2015 News

Interline Brands 2Q sales up 5.2 percent
Interline Brands reported that its second quarter sales increased 5.2% to $447.7 million versus prior second quarter.

Kaman lowers forecast
Kaman Industrial Technologies had sales of $304.0 million for the second quarter, a 2.0 percent gain compared to the same period last year.

Apache to open Dallas facility
Apache Inc. announced plans to open a new production and distribution facility in Dallas, Texas.

Praxair sales fall 12 percent
Praxair reported sales in the second quarter were $2.73 billion, 12% below the prior-year quarter.

Eaton sales fall 7 percent
Eaton Corporation plc announced that sales in the second quarter of 2015 were $5.4 billion, 7 percent lower than the same period in 2014.

Ingersoll Rand sales and earnings rise
Ingersoll-Rand plc reported revenues increased 2 percent in the second quarter to $3.6 billion, compared with revenues of $3.54 billion for the 2014 second quarter.

Airgas earnings down for Q1
Airgas reported that first quarter sales increased 3% over the prior year to $1.3 billion.

Columbus McKinnon to acquire Magnetek
Columbus McKinnon has agreed to acquire Magnetek Inc., a designer and manufacturer of digital power and motion control solutions for material handling, elevators and mining applications.

WinWholesale to expand Dayton regional DC
An expansion project underway at WinWholesale's Dayton regional distribution center will add more than 15,000 square feet of usable space and improve efficiencies.

Greenfield Industries completes expansion project
Greenfield Industries and its parent company, TDC Cutting Tools plans a ribbon cutting to open its new South Carolina headquarters.

Stellar Industrial to acquire Tucson Abrasives
Stellar Industrial Supply has signed a letter of intent to join forces with Tucson Abrasives, of Tucson, Ariz.

Carlisle Companies sales up 15 percent
Carlisle Companies reported net sales from continuing operations of $984.6 million for the second quarter, a 15% increase from $859.5 million in the second quarter 2014.

Snap-on sales up 3.1 percent
Snap-on Incorporated said its sales of $851.8 million for the second quarter increased $25.3 million, or 3.1%, from 2014 levels.

Lawson Products earnings up on lower sales
Lawson Products reported that its net sales declined 1.9% to $70.7 million in the second quarter of 2015, compared to $72.1 million in the second quarter a year ago.

WESCO International sales decline 4.4 percent
WESCO International said its second-quarter net sales were $1.9 billion, a decrease of 4.4 % compared to $2.0 billion for the second quarter of 2014.

3M sales declined 5.5 percent
3M reported second-quarter sales declined 5.5 percent to $7.7 billion.

Economic growth up in June
Led by improvements in production- and employment-related indicators, the Chicago Fed National Activity Index moved up to +0.08 in June from –0.08 in May.

Essendant sees sales rise but earnings fall
Essendant Inc. (formerly United Stationers) reported that second-quarter sales increased 1.6% to $1.34 billion when compared to the second quarter of last year.

Airgas acquires Weldinghouse and Priority Energy Services
Airgas recently acquired Weldinghouse Inc. and its affiliates, and Priority Energy Services, LLC.

Home Depot to acquire Interline Brands
The Home Depot announced its entry into a definitive agreement to acquire Jacksonville, Fla.-based Interline Brands Inc., a national distributor and direct marketer of broad-line maintenance, repair and operations (MRO) products.

ISA Indexes rise in June
The July ISA Economic Indicator Report (EIR) from the Industrial Supply Association indicated that growth picked up for Distributors and Manufacturers as summer began.

Hein steps down as Fastenal president and CEO
According to documents filed with the SEC, Fastenal president and CEO Leland Hein stepped down from those roles effective July 20.

Ritz Safety acquires Safety Source
Ritz Safety LLC, an industrial safety supply distributor headquartered in Dayton, Ohio, has purchased Safety Source Incorporated, based in Mobile, Ala.

IDC raises $10,000 for charity
IDC Owner-Distributors and Preferred Suppliers are driven by their passion for community and helping others.

AD forms AD Canada Plumbing & Heating
AD has established AD Canada Plumbing & Heating through a merger with Canaplus Limited Partnership.

Motion Industries sales lag in 2Q
Sales at Motion Industries were $1.18 billion for the second quarter, 1.8% down from $1.2 billion in the same quarter last year.

Grainger earnings rise on 1% sales gain
Grainger reported second quarter sales of $2.52 billion increased 1 percent versus $2.5 billion in the 2014 second quarter.

Anixter to acquire HD Supply Power Solutions business
Anixter International Inc. has entered into a definitive agreement to acquire the Power Solutions segment of HD Supply for $825 million.

Osborn moves headquarters to Indiana
Osborn, a supplier of industrial brushes, polishing compounds and buffs, recently moved its North American headquarters to Richmond, Ind.

New IBC preferred suppliers
IBC announced the addition of two new preferred suppliers, Electrix LLC and Kurt Manufacturing.

Wurth Group acquires Northern Safety
The German-based Würth Group announced the acquisition of Northern Safety and Industrial.

Essendant to acquire Nestor Sales
Essendant Inc. announced that its wholly-owned subsidiary Essendant Co. signed an agreement to acquire Nestor Sales LLC, a wholesaler and distributor of tools, equipment and supplies to the transportation industry.

Grainger victim of cyber attack
Grainger announced that it was the subject of a cyber attack in early June but that no service disruptions or customer information was compromised as a result of the incident.

Carlstar acquires Marathon Industries
The Carlstar Group LLC has acquired Marathon Industries, a provider of solid polyurethane tires, flat-free Universal Fit tires, pneumatic tires and tire sealant.

Greenlee acquires Endura Tools
Greenlee announced the acquisition from its joint venture partners of the remaining interest in Endura-Greenlee Tools (Shanghai) Co., Ltd.

Fastenal sales up 5 percent
Fastenal Company reported sales for the second quarter were $997.8 million, a 5 percent increase over sales of $949.9 million in last year's second quarter.

Manufacturing technology orders down in May
May U.S. manufacturing technology orders totaled $336.98 million, down 6.2% when compared with May 2014.

BlackHawk acquires Jarvis Supply
BlackHawk Industrial announced the acquisition of Jarvis Supply located in Denver, Colo.

Praxair acquires two distributors
Praxair has acquired two independent distributors of industrial and specialty packaged gases and related supplies, Cryospec Inc. in San Francisco, and Garland Welding Supplies Inc. in Garland, Texas.

Cutting tools consumption down
May U.S. cutting tool consumption totaled $172.8 million,according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.

WD-40 sales decline in 3Q
WD-40 Company reported net sales for the third quarter were $92.5 million, a decrease of 3 percent compared to the prior year fiscal quarter.

WinWholesale opens Des Moines Winsupply
Des Moines Winsupply has opened in Iowa to provide contractors with commercial, industrial, wastewater and geothermal pumps and accessories for the central Iowa area.

MSC sales up 3.5 percent
MSC Industrial Supply reported net sales for the fiscal third quarter 2015 were $745.5 million, an increase of 3.5% on an average daily sales basis.

MSC names new CFO
MSC Industrial Supply has named Rustom Jilla to the role of executive vice president and chief financial officer, effective July 20.

Tech Air acquires L&M Welding Supply
Tech Air, a Connecticut-based distributor of industrial, medical, and specialty gases and related welding supplies, has acquired Mobile, Ala.-based L&M Welding Supply Inc.

Manufacturing jobs edge higher in June
Manufacturers added just 4,000 jobs in June and employment in the construction industry remained unchanged according to the U.S. Bureau of Labor Statistics.

WinWholesale acquires M. Cooper Supply
WinWholesale Inc. has acquired plumbing distributor M. Cooper Supply, of Mokena, Ill.

Applied releases new catalog
Applied Industrial Technologies announced the availability of its new 2015 / 2016 Applied Product Catalog in print and digital formats.

Manufacturing expanded in June
Manufacturing expanded in June, as the Institute for Supply Management's purchasing manager's index increased 0.7 percentage points to 53.5 percent.

Bowersock retires from North American Tool
North American Tool Corporation announced the retirement of senior vice president of sales and marketing, Bernie Bowersock, effective July 1.

NetPlus Alliances posts 14% gain in 1Q
NetPlus Alliance, a North American industrial and contractor supplies buying group, posted a 14% increase in purchases in the first quarter of 2015.

Weiler appoints VP of global operations
Weiler Corporation recently named Brian Seelig vice president, global operations.

Osborn makes two new hires
Osborn recently announced the hiring of a new private brand national account manager and a marketing manager.

Radians breaks ground on Memphis expansion
Memphis-based PPE manufacturer Radians broke ground on another expansion at its Memphis headquarters.

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