June 2013 News
Sterling Supply celebrates 60 years
Sterling Supply Co. of Huntington, W.V., is celebrating its 60th year in business.
Applied releases 30,000-product catalog
Applied Industrial Technologies released its 2013 / 2014 Applied Product Catalog with nearly 30,000 industrial and maintenance products.
Precision Castparts to buy Permaswage
Precision Castparts Corp. agreed to acquire Permaswage SAS, a designer and manufacturer of aerospace fluid fittings, for $600 million.
H.B. Fuller Company revenue falls
H.B. Fuller Company said net revenue for the second quarter was $519.0 million, down 1.5 percent.
Chicago Fed Midwest Manufacturing Index down
The Chicago Fed Midwest Manufacturing Index decreased 0.4% in May, to a seasonally adjusted level of 95.8.
2013 PTDA Industry Summit
More than 550 power transmission/motion control (PT/MC) executives are expected to convene at the Power Transmission Distributors Association’s (PTDA’s) Industry Summit, themed “Working Without a Net?”
Durable goods orders increase
New orders for manufactured durable goods increased 3.6 percent in May to $231.0 billion, the U.S. Census Bureau announced.
Q.E.P. acquires Plasplugs
Q.E.P. Co. Inc.'s wholly-owned UK subsidiary, Q.E.P. Co. U.K. Limited, completed the purchase of the Plasplugs trade name and other assets of the Plasplugs business.
AEA Investors buys Aramsco Holdings
AEA Investors said it acquired Aramsco Holdings Inc., a distributor of industrial safety products, from Summit Partners.
Chicago Fed National Activity Index rises
Led by improvements in production-related indicators, the Chicago Fed National Activity Index increased to –0.30 in May from –0.52 in April.
IBT becomes IBT Industrial Solutions
IBT Inc. announced that it is now IBT Industrial Solutions.
MRC Global to acquire Flow Control
MRC Global Inc. signed an agreement to acquire Flow Control Products.
Kahn Tools launches with American-only philosophy
Los Angeles-based Kahn Tools, a new online distribution company founded by industry veteran Mark Kahn, has adopted an “American-only” policy to exclusively sell American made industrial products.
Valley Supply opens W. Va. location
Valley Supply Company will host a trade show and grand opening of its new 75,600 sq. ft. facility in Clarksburg, W. Va. on July 12 from 9 to 4 p.m.
ISA Economic Index falls
The monthly Economic Indicator Report (EIR) from the Industrial Supply Association showed a slowdown in activity for ISA members.
Study: B2B buyer loyalty is limited
A study of business-to-business corporate buyers with annual budgets of more than $100,000 showed that B2B buyers have limited loyalty to suppliers.
Posi Lock Puller receives SBA award
Posi Lock Puller received the U.S. Small Business Administration's 2013 North Dakota Small Business Exporter of the Year award.
Dayton Progress to move punch blank production
Dayton Progress announced plans to transfer production of its semi-finished punch blanks to a MISUMI facility in Vietnam.
Jergens Industrial acquires Gray Industrial Supply
Jergens Industrial Supply, Division of Jergens Inc., has acquired certain assets of Gray Industrial Supply and its Internet-based business Spectrum Supply.
Industrial production to show growth
Strong industrial activity in early 2013 softened somewhat recently but the sector should have enough momentum to continue growth.
HD Supply files IPO
HD Supply Holdings has filed with the Securities and Exchange Commission for an initial public offering of 53.1 million shares of common stock.
PTS acquires Specialty Tool
Production Tool Supply (PTS), Warren, Mich., acquired Specialty Tool of Fort Wayne and Indianapolis, Ind.
PT Distributor Performance Report
According to the just-released 2013 PT Distributor Performance Report, financial performance varied widely among distributors in 2012.
GHX acquires Flowline
Houston based GHX Industrial, a wholly owned subsidiary of The United Distribution Group, acquired Flowline Components Inc. and Flowline OEM Group Inc.
Grainger posts May sales gain
Grainger reported sales results for the month of May increased 5 percent versus May 2012.
April technologies orders fall
April U.S. manufacturing technology orders fell by 12.6% to $372.50 million.
Mixed jobs report in May
The construction industry gained 7,000 jobs during May but manufacturing employment fell by 8,000 jobs during the month.
MRC opens Tulsa DC
MRC Global Inc. has opened a new regional distribution center in Tulsa, Okla.
H.B. Fuller acquires Plexbond Quimica
H.B. Fuller Company finalized its purchase of Plexbond Quimica S/A, a provider of chemical polyurethane specialties and polyester resins based in Curitiba, Brazil.
MAPI forecasts growth
A new forecast says U.S. economic growth will be somewhat restrained, and improving fundamentals provide reason for optimism.
HD Supply 1Q sales up 12.6%
HD Supply reported net sales for the first quarter increased 12.6% to $2.1 billion.
Carlson Systems acquires Western Tool Supply
Industrial Opportunity Partners, a private equity firm based in Evanston, Ill., announced the acquisition of Western Tool Supply by its platform company Carlson Systems.
SAP to acquire hybris
Enterprise application software provider SAP plans to acquire hybris, an e-commerce technology company.
Fastenal sales up 5.3% in May
Fastenal reported that its May sales rose 5.3% to $289.4 million.
ISM: Manufacturing contracts in May
Manufacturing contracted in May as the PMI registered 49 percent, a decrease of 1.7 percentage points when compared to April's reading of 50.7 percent.
Singer Equities acquires Stewart-Hunt
Singer Equities has acquired the operating assets of Stewart-Hunt Inc. based in Burlington, Mass.
Stellar acquires BC Tool & Carbide
Stellar Industrial Supply announced that it acquired BC Tool & Carbide Inc. of Upland, Calif.
Haggard & Stocking receives ISA award
The Industrial Supply Association named Haggard & Stocking Associates of Indianapolis the winner of the American Eagle Excellence in Industry Award.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
