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Distribution Industry News

NetPlus Alliance sales grow by 11.2 percent

NetPlus Alliance announced that its purchase volume has grown by 11.2% year-to-date.

Conexiom joins AD as service provider

ecmarket, creator of Conexiom sales order and invoice automation, announced its membership with AD.

Chicago Fed National Activity Index points to growth

The Chicago Fed National Activity Index moved down to –0.01 in July from +0.16 in June.

Winsupply opens Tennessee location

Winsupply Inc. has opened a new Winsupply company in Franklin, Tennessee, its fifth new company of 2017.

Murdock's Blazer receives business award

Brenda Blazer, president of Murdock Companies Inc., was recently recognized as one of the 2017 Top 25 Women in Business by the Wichita Business Journal.

PFERD names pipeline channel account manager

PFERD INC. announced the appointment of Michael Roche to the position of account manager, pipeline market.

Actuant to divest Viking SeaTech and acquire Mirage Machines

Actuant Corporation signed a definitive agreement to sell its Viking SeaTech business to Acteon Group Limited, and to acquire Acteon's Mirage, a provider of industrial and energy maintenance tools.

Manufacturing technology orders climb

June manufacturing technology orders climbed 6.5 percent over May, according to a report released by AMT – The Association For Manufacturing Technology.

Jason Industries names new CFO

Jason Industries announced that Sarah C. Lauber, senior vice president and chief financial officer, will be leaving the company on Aug. 25, 2017 to pursue another opportunity.

Ritter Technology forms Motion & Control Enterprises

Ritter Technology, a distributor of industrial motion and control products, has formed a holding company, Motion & Control Enterprises LLC (MCE), to oversee operations for current and recently acquired divisions of the company.

Applied posts 7.5 percent sales gain

Applied Industrial Technologies said net sales for its fiscal fourth quarter were $681.5 million, an increase of 7.5 percent compared with $634.0 million in the same quarter a year ago.

MSA Safety names president of MSA Americas

MSA Safety Incorporated promoted Steve Blanco to the position of president, MSA Americas.

Productivity up 0.9 percent in 2Q

Productivity increased 0.9 percent during the second quarter of 2017, the U.S. Bureau of Labor Statistics reported, as output increased 3.4 percent and hours worked increased 2.5 percent.

Cutting tool consumption rises in June

June U.S. cutting tool consumption totaled $186.57 million, a 6 percent increase from the total of $175.97 million in June 2016.

Desoutter Industrial Tools opens new headquarters

Desoutter Industrial Tools, a supplier of electric and pneumatic industrial tool solutions, recently held the grand opening of its new North American headquarters.

RBC Bearings sales up 6 percent

RBC Bearings posted net sales for the first quarter of fiscal 2018 of $163.9 million, an increase of 6 percent compared to $154.6 million in the first quarter of fiscal 2017.

MSC acquires DECO Tool Supply

MSC Industrial Supply has acquired DECO Tool Supply Co., an industrial supply distributor based in Davenport, Iowa.

SENCO acquired by Kyocera

SENCO Brands has been acquired by Kyocera Corporation, and will operate as part of Kyocera’s Global Cutting Tool Division.

General Equipment names VP of sales

General Equipment Company, manufacturers of light duty construction equipment, named Randy Dahl vice president of sales.

Indian River expands staff

Indian River Consulting Group (IRCG), a consulting firm focused on the distribution and manufacturing industries, has grown its team to meet increasing demand for its strategic planning and sales compensation services.

Fastenal posts strong July

Fastenal posted sales of $349.9 million July, a 12.9 percent gain from $309.9 in July 2016.

Employment grew by 209,000 jobs in July

Employment increased by 209,000 jobs in July, and the unemployment rate fell to 4.3 percent from 4.4 percent.

General Pipe names new national sales manager

After 40 years with the company, General Pipe Cleaners national sales manager Andy Zelazny announced his retirement at the end of September.

Gardner Denver 2Q sales up 25 percent

Gardner Denver Holdings reported second quarter revenues of $579.1 million, up 25 percent from $462 million in the second quarter of 2016.

Jason Industries reports 7.1 percent sales decline

Jason Industries reported a net loss of $3.5 million, or 17 cents diluted loss per share, for the second quarter.

Kennametal returns to profitability

Kennametal Inc. reported fiscal fourth quarter sales were $565 million compared with $521 million in the same quarter last year.

NOW Inc. revenue up 30 percent

NOW Inc. said its second quarter revenue of $651 million for the second quarter of 2017 was up 30 percent year over year.

Allied Motion revenues decline 8.4 percent

Allied Motion Technologies reported second-quarter revenue was down 8.4 percent to $60.3 million.

PTDA adds eight members

The Power Transmission Distributors Association (PTDA) recently welcomed eight new member companies.

Bishop Lifting Products acquires Matex Wire Rope

SBP Holdings, through its wholly owned subsidiary Bishop Lifting Products, has acquired Matex Wire Rope Inc. headquartered in Kilgore, Texas.

Grainger's Ryan to retire as chairman

Grainger announced that CEO DG Macpherson will assume the role of chairman upon the retirement of Jim Ryan on Oct. 1.

Manufacturing expanded in July

Manufacturing expanded at a slower pace in July compared to the previous month, as the monthly Institute for Supply Management index registered 56.3 percent, a decrease of 1.5 percentage points from the June reading of 57.8 percent.

KITO Americas announces executive changes

KITO Americas announced several changes to its KITO America's corporate structure.

AD member sales up 10 percent

AD reported sales for all members across 10 divisions and three countries grew by 10 percent during the first six months of 2017 to $17.8 billion.

FCX Performance acquires Encova Inc.

FCX Performance, a specialty flow control distributor serving OEMs, EPCs and end-users, has completed the acquisition of Encova Inc.

Columbus McKinnon sales climb 36.7 percent

Columbus McKinnon Corporation announced that sales for the first quarter of fiscal 2018 were up 36.7 percent to $203.7 million.

Eaton sales up 1 percent

Eaton Corporation plc reported sales in the second quarter of 2017 were $5.1 billion, up 1 percent over the same period in 2016.

Emerson earnings decline but sales up by 10 percent

Emerson announced third-quarter net sales of $4.0 billion were up 10 percent from $3.7 billion in the same period last year.

Kaman Industrial Technologies sales decline 2.6 percent

Kaman Corp. reported second-quarter sales for Kaman Industrial Technologies were $278.7 million, a 2.6 percent decline from $286.1 million in the same period last year.

Wolseley changes name to Ferguson

Woleseley announced that its name has been officially changed to Ferguson.

Flexovit celebrates 40 years

Abrasives manufacturer Flexovit announced that it is celebrating its 40th year in business in 2017.

ORS Nasco names new president

ORS Nasco announced the appointment of Chris Kempa as president of ORS Nasco and group president, Essendant Industrial.

Hydraulic Supply Company celebrates 70 years

Hydraulic Supply Company, a distributor of hydraulic, pneumatic and industrial products, is celebrating 70 years in business.

DGI Supply to acquire Coast Tool

DGI Supply, a DoALL Company, plans to purchase Coast Tool Company, a distributor of cutting tools and MRO supplies with locations in San Leandro and Fresno, California.

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