October 2015 News
Eaton posts sales and earnings decline
Eaton Corporation reported sales in the third quarter of 2015 were $5.2 billion, down 9 percent from the same period in 2014.
Osborn hires new territory sales manager
Osborn announced the hiring of Kevin Pearson as a territory sales manager for the Tennessee, Mississippi and Alabama territories.
Wurth names director of key accounts
Würth Industry of North America (WINA) announced that Marty Goeree has been named director of key accounts.
Sonata Software to acquire I.B.I.S.
Sonata Software, a global strategic IT solutions firm, has signed a definitive agreement to acquire the supply chain software and services provider I.B.I.S. Inc.
Kaman revises forecast on lower sales volume
Kaman Industrial Technologies posted third quarter sales of $296.3 million, down 2% from $302.3 million in the same period last year.
NN Inc. opens plant in Mexico
NN Inc. announced that it is expanding its North American manufacturing footprint by opening a new precision ball plant in Ciudad Juarez in the Mexican state of Chihuahua.
Saint-Gobain posts 2.2% sales gain
Saint-Gobain's sales for the third quarter of 2015 were €9.96 billion ($10.92 billion), up 2.2% from €9.75 billion ($10.69 billion) in the same period last year.
Praxair income and earnings decline
Praxair Inc. reported third-quarter net income of $401 million, or $1.40 diluted earnings per share, down 15.9% from $477 million and $1.62 per share in the same period last year.
Ingersoll Rand revenues up 3%
Ingersoll-Rand plc reported net earnings of $300.9 million, or EPS of $1.12, for the third quarter of 2015.
Timken sales decline for quarter
The Timken Company reported sales of $707.4 million for the third quarter of 2015, down 10 percent from a year ago.
Applied Industrial Technologies income falls
Applied Industrial Technologies reported a 16.5% drop in net income for the first quarter of fiscal 2015, as sales declined 8.6%.
Pelican Products names EHS director
Pelican Products, a manufacturer of protective case solutions and advanced portable lighting systems, has appointed Rodney Davis as Director of Worldwide Environmental Health and Safety.
Airgas posts 1% sales gain
Airgas Inc. reported net earnings of $98.0 million for its fiscal second quarter, compared to $98.3 million in the same period last year.
MSC Industrial sales up 4.4% for year
MSC Industrial Supply reported net sales of $727.4 million for its fiscal fourth quarter, a 0.1% change from $726.6 million reported in last year's fourth quarter.
Duracell Professional partners with American Red Cross
Duracell Professional announced a new partnership with the American Red Cross to encourage businesses and organizations to improve their emergency readiness plans.
Laabs joins MP Pumps
MP Pumps welcomed Edwin Laabs to as the global vice president of sales and marketing.
JET Tools renews partnership with Rusty Wallace Racing
JET Tools announced its continued partnership in 2016 with Rusty Wallace Racing LLC, headed by Rusty Wallace, Sprint Cup Champion and NASCAR Hall-of-Famer.
BlackHawk Industrial acquires Specialty Tool
BlackHawk Industrial announced the acquisition of Specialty Tool Inc. of Rock Hill, S.C.
Parker reports 12% sales decline
Parker Hannifin Corporation reported fiscal 2016 first quarter sales were down 12% to $2.87 billion, compared with $3.27 billion in the prior year quarter.
Snap-on posts sales and earnings gain
Snap-on reported third quarter sales of $821.5 million increased 1.9% from 2014 levels.
Lawson Products sales down 5.2%
Lawson Products reported net sales for the third quarter of 2015 decreased 5.2% to $70.2 million from $74.1 million in the third quarter of 2014.
WESCO International 3Q sales drop 7.4%
WESCO International said its net sales were $1.92 billion for the third quarter of 2015, compared to $2.07 billion for the third quarter of 2014, a decrease of 7.4%.
Chicago Fed National Activity Index fell in Sept.
The Chicago Fed National Activity Index ticked down to –0.37 in September from –0.39 in August.
3M sales declined 5.2% in 3Q
3M reported that its third quarter sales declined 5.2 percent to $7.7 billion.
Kaman acquires aerospace aftermarket supplier
Kaman Corporation's aerospace segment has acquired Timken Alcor Aerospace Technologies Inc. (TAAT) of Mesa, Ariz.
Carlisle Companies sales up 7.6 percent
Carlisle Companies reported net sales of $973.1 million for the third quarter, a 7.6% increase from $904.1 million in the third quarter 2014.
Airgas names new president of South division
Airgas Inc. announced that John F. Sheehan has been named president - Airgas South Division, reporting to Andrew R. Cichocki, president - Airgas USA LLC.
Troy Industrial acquires Lane Conveyors and Drives
Troy Industrial Solutions, headquartered in Watervliet, N.Y., has signed an agreement to purchase the assets of Lane Conveyors and Drives, headquartered in Brewer, Maine.
Essendant Inc. sales decline 2 percent
Essendant Inc. reported that its sales decreased 2.0% to $1.39 billion when compared to the third quarter of last year.
L&S Machine acquires Advanced Manufacturing
L&S Machine Co. has acquired Advanced Manufacturing, a full-service prototype and production manufacturing facility in San Jose, Calif.
Walter Surface Technologies white paper on documented cost savings
Walter Surface Technologies has published an industry white paper entitled “Documented Cost Savings for Abrasives.”
NN Inc. completes Precision Engineered acquisition
NN Inc. completed its acquisition of Precision Engineered Products Holdings Inc.
Garten wins IWDC award
Pat Garten was named winner of the Memorial Bob Jackson Award by the Independent Welding Distributors Cooperative.
Motion Industries sales down 4%
Sales at Motion Industries decreased 4 percent for the third quarter to $1.17 billion compared to $1.22 billion in the same period last year.
CMT becomes CMT Industrial Solutions
Greenville, S.C.-based CMT, a distributor of metal cutting tools and abrasives serving the Southeast, announced that it changed its name to CMT Industrial Solutions.
Industrial production down in September
Industrial production decreased 0.2 percent in September after edging down 0.1 percent in August.
ISA Distributor and Manufacturer Indices rise in September
The October ISA Economic Indicator Report (EIR) from the Industrial Supply Association showed gains for Distributors and Manufacturers during the month of September.
Grainger 3Q sales decline
Grainger reported third quarter sales of $2.5 billion declined 1 percent versus $2.6 billion in the 2014 third quarter.
WD-40 4Q sales fall 6 percent
WD-40 Company said its net sales for the fourth quarter were $92.0 million, a decrease of 6 percent compared to the prior year fiscal quarter.
Cutting tool consumption down in August
August U.S. cutting tool consumption totaled $168.8 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.
Fastenal names new CEO
In a filing with the Securities and Exchange Commission, Fastenal announced that its board elected Daniel Florness as the company’s president and chief executive officer effective Jan. 1, 2016.
Fastenal sales up 1.5 percent
Fastenal Company reported sales for the third quarter were $995.2 million, a 1.5 percent gain from $980.8 million reported in the same period last year.
DPA Buying Group adds members
The DPA Buying Group, Cincinnati, welcomed eight new distributor members to its industrial products division.
North American Tool named IBC Supplier of the Year
North American Tool Corporation was named Supplier of the Year by the Industrial Buyers Consortium (IBC) at the 2015 IBC National Meeting in Rosemont, Ill., on Oct. 4.
Manufacturing technology orders down in August
August U.S. manufacturing technology orders totaled $285.92 million according to AMT – The Association For Manufacturing Technology.
Würth acquires Des Moines Bolt
The Würth Group has completed its acquisition of Des Moines Bolt, a distributor of fasteners and supplies based in Des Moines, Iowa.
Fastenal to pay $1.25 million to settle discrimination suit
Fastenal will pay $1.25 million and offer positions to 171 job applications to settle a discrimination lawsuit concerning hiring practices at two distribution facilities.
Fastenal to acquire Fasteners Inc.
Fastenal Company has signed an agreement to acquire certain assets of Fasteners Inc., a regional industrial and construction supply distributor with store locations in Washington, Idaho, Oregon, and Montana.
Mid-sized manufacturers express optimism
Prime Advantage, a buying consortium for midsized manufacturers, announced the findings of its 14th edition of the Purchasing and Manufacturing Survey.
Weinacht & Associates reaches milestone
Weinacht & Associates recently celebrated its 35th year in business.
Greenfield Industries, TDC Cutting Tools hold grand opening
TDC Cutting Tools Inc. has completed the expansion of its operations and overseas headquarters in Oconee County, S.C. with a grand opening ceremony.
WESCO's Van Oss to retire
WESCO International announced that Stephen A. Van Oss, senior vice president and chief operating officer, will retire at the end of the year.
ContiTech introduces new marketing campaign
ContiTech, a worldwide manufacturer of rubber products for a variety of applications, has introduced a new marketing campaign, called Ability, for a variety of services and product lines for North America.
S.L. Fusco names regional managers
S.L. Fusco Inc. announced that it has restructured its management team to align with market expansion.
Central McGowan expands automation
Central McGowan Inc. announced the opening of a new 12,000 square foot automation manufacturing facility adjacent to its headquarters in St. Cloud, Minn.
PFERD names new marketing manager
PFERD Inc. announced that Maria Cartier was named marketing manager of the company's Milwaukee-based U.S. operations effective Sept. 2.
Manufacturing jobs down in Sept., construction jobs up slightly
Factory employment fell by 9,000 jobs during September, while the construction industry added 8,000 jobs during the month, according to the latest government jobs report.
Private equity firm acquires Ohio Transmission Co.
Irving Place Capital, a middle-market private equity firm, announced that it has completed its acquisition of Ohio Transmission Corporation, a distributor of highly engineered motion control, pump and air compressor products.
Purvis Industries buys Industrial Mining and Sun Belt Supply
Purvis Industries announced the acquisition of Industrial Mining Supply and Sun Belt Supply.
Applied acquires S. G. Morris Co.
Applied Industrial Technologies has acquired S. G. Morris Co., a distributor of fluid power components and provider of engineered fluid power systems.
AD announces eContent Service program
AD, the $31 billion contractor and industrial products wholesale buying/marketing group, announced creation of the AD eContent Service program.
Turtle & Hughes acquires Forest Hills Electrical Supply
Turtle & Hughes Inc. announced the acquisition of Forest Hills Electrical Supply, a provider of electrical goods and services to the Boston area.
Construction spending increased in August
The U.S. Census Bureau of the Department of Commerce announced today that construction spending during August 2015 was estimated at a seasonally adjusted annual rate of $1,086.2 billion, 0.7 percent above the revised July estimate of $1,079.1 billion.
ISM: Manufacturing activity slowed in September
Economic activity in the manufacturing sector slowed in September according to the monthly Manufacturing ISM Report On Business.
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.
