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May 2013 News

Kaman to acquire Northwest Hose & Fittings

Kaman Industrial Technologies signed a definitive agreement to acquire substantially all the assets of Northwest Hose & Fittings Inc. based in Spokane, Wash.

Grainger to add 300 jobs

Grainger announced plans to expand its presence in its downtown Chicago office in the Citigroup Center.

GDP up 2.4% in 1Q

Real GDP increased at an annual rate of 2.4 percent in the first quarter of 2013 according to the Burea of Economic Analysis.

Bearings sales up 5%

The Bearing Specialists Association’s (BSA) 2013 Distributor Survey documented a 5% increase in 2012 aggregate sales of all bearing products over 2011 aggregate sales.

IDC Distributors add 13 locations

IDC-USA announced that its distributor members recently added 13 authorized locations.

IBT Industrial acquires Sheppard Supply

IBT Industrial Solutions of Merriam, Kan., acquired Sheppard Supply Co. in Springfield, Mo.

RBC Bearings sales fall

RBC Bearings reported net sales for the fourth quarter of fiscal 2013 declined 7.5% to $103.0 million.

Midwest manufacturing down

The Chicago Fed Midwest Manufacturing Index (CFMMI) decreased 0.5% in April, to a
seasonally adjusted level of 95.9.

ASG to offer Fiam industrial air tools

Torque control products manufacturer ASG announced an agreement to become the exclusive master distributor for Fiam pneumatic air tools in North America.

Columbus McKinnon sales fall, earnings rise

Material handling maker Columbus McKinnon reported a boost in net income in the fourth quarter of fiscal 2013 but declining sales.

China exports far surpass U.S.

A new report shows that Chinese manufactured exports will nearly double U.S. exports in 2013.

Lyon exits from bankruptcy

Lyon announced that a joint venture between newly formed Lyon Capital Partners LLC and Revere Finance completed the acquisition of Lyon Workspace Products on May 7.

Broadus named Airgas division president

Airgas announced that Chuck Broadus has been named Airgas division president - South Division.

DXP acquires Tucker Tool

DXP Enterprises has acquired Tucker Tool Company, a distributor of cutting tools, abrasives, coolants and machine shop supplies.

National Activity Index slows

The Chicago Fed National Activity Index shows slower economic activity in April.

NAHAD forms export partnership

The Association for Hose & Accessories Distribution has formed a strategic partnership intended to help its members expand exports to overseas markets.

Nations earns BSA Lifetime Achievement Award

The Bearing Specialists Association (BSA) presented its Lifetime Achievement Award to Andy Nations, president and CEO of B&D Industrial.

UNK student wins ISA scholarship

The Industrial Supply Association (ISA) announced that University of Nebraska at Kearney student Taylor Beck was chosen to receive the 2013-14 Gary L. Buffington Memorial Scholarship.

Brady sales up 11%

Brady Corporation reported sales for the fiscal 2013 third quarter were up 11.0 percent to $305.7 million compared to $275.4 million in the third quarter of fiscal 2012.

Philly Fed: Factory activity slows

Manufacturing firms responding to the monthly Business Outlook Survey suggest that regional manufacturing activity weakened this month.

PTDA index rises

The 1Q13 PTDA Business Index produced a reading of 61.1, which represents a substantial increase over last quarter’s reading of 50.7.

Wajax opens Alberta branch

Wajax Industrial Components announced the opening of a branch in Redcliff, Alberta, Canada.

April industrial production lags

Industrial production decreased 0.5 percent in April after having increased 0.3 percent in March and 0.9 percent in February.

NY manufacturing conditions decline

The May 2013 Empire State Manufacturing Survey indicates that conditions for New York manufacturers declined marginally.

Timken acquires Standard Machine

The Timken Company acquired the Standard Machine business based in Saskatoon, Saskatchewan, Canada.

Manufacturing technology order rise

March U.S. manufacturing technology orders rose 3.2% to $507.91 million.

Grainger April sales up 8%

Grainger reported sales for the month of April increased 8 percent versus April 2012.

Allied Motion sales and earnings fall

Allied Motion Technologies reported first quarter net income of $960,000 or 11 cents per diluted share, compared to $1.15 million, or 14 cents, for the same period last year.

WinWholesale opens Charlotte Windustrial

WinWholesale and the Win Group of Companies announced the opening of Charlotte Windustrial.

Hardinge to acquire Forkhardt

Hardinge Inc.has entered into a definitive agreement to acquire Forkardt from Illinois Tool Works for $34 million.

Emerson sales up 1%

Emerson announced that net sales for the second quarter increased 1 percent to $6.0 billion.

Interline Brands reports loss

Interline Brands said its first quarter sales increased 21.4% to $380.8 million, but merger related expenses resulted in a loss of $1.5 million.

Fastenal April sales up nearly 10%

Fastenal said its April sales were $286.6 million, a 9.8% increase over the $261.1 million reported in April of last year.

AD sales up 4%

Affiliated Distributors said that its industrial division sales grew 4% in the first quarter of 2013 on a same store basis from $1.35 billion to $1.40 billion.

Turtle & Hughes acquires Mid-Island Electrical

Linden, N.J.-based Turtle & Hughes has acquired Mid-Island Electrical Supply, a full-service distributor of electrical products.

Graybar opens Binghamton branch

Graybar opened a new full-service branch in Binghamton, N.Y. 

Newell Rubbermaid tool sales decline

Newell Rubbermaid reported that sales in its tools segment declined 1 percent for the first quarter of 2013.

No change in manufacturing jobs in April

The U.S. Bureau of Labor Statistics today reported a better than anticipated jobs report.

CGW acquires PASCO

CGW-Camel Grinding Wheels has acquired PASCO, Pacific Abrasive Supply Company of Buena Park, Calif.

Manufacturing productivity improves

Manufacturing sector productivity increased 3.8 percent in the first quarter of 2013, the U.S. Bureau of Labor Statistics reported today.

DXP Enterprises sales and earnings rise

DXP Enterprises earned first quarter net income of $13.2 million, or 87 cents per share, on sales of $290.1 million.

Airgas sales up 2%

Airgas reported fiscal fourth quarter sales were $1.26 billion, an increase of 2% over the prior year.

Applied Industrial Technologies sales up 2.7%

Applied Industrial Technologies reported third quarter fiscal 2013 sales increased 2.7% to $621.7 million.

Greenlee acquires Sherman & Reilly

Greenlee, a Textron Inc. company, announced has acquired Sherman & Reilly Inc., a manufacturer of underground and aerial transmission and distribution products based in Chattanooga, Tenn.

ISM: Manufacturing expanded in April

Manufacturing expanded in April but at a slower pace than in March, according to the Institute for Supply Management.