The Leading Source for Industrial Distribution News
Greenlee Textron Acquires Sherman & Reilly, Inc.
May 1, 2013 2:25 pm | by Greenlee | News | CommentsSherman & Reilly is a leading US manufacturer of pulling and stringing equipment for the power utility segment. The company currently employs 110 people and will join the Greenlee® family of brands alongside Greenlee®, Klauke® and Greenlee CommunicationsTM.
Regal Beloit Reports 2.7% Sales Drop In 1Q
May 1, 2013 2:18 pm | by Jack Keough, Contributing Editor, Industrial Distribution | News | CommentsThe Regal Beloit Corporation is reporting net sales for the first quarter 2013 were $778.2 million compared to $807.9 million for the first quarter of 2012, a decrease of 3.7 percent. Net Income for the first quarter 2013 was $50.7 million compared to $49.9 million for the first quarter of 2012.
Berkshire Hathaway Buys Remainder Of Iscar For $2.05B
May 1, 2013 2:14 pm | by Jack Keough, Contributing Editor, Industrial Distribution | News | CommentsBerkshire Hathaway has acquired from the Wertheimer family the 20% of IMC International Metalworking Companies that it does not already own, for consideration of $2.05 billion. Warren Buffet, chairman and CEO of Berkshire Hathaway, has frequently praised Iscar's managers in public for how they've run the company, according to MarketWatch.com.
Are You A Process Drone?
May 1, 2013 9:59 am | by Alan Nicol, Executive Member, AlanNicolSolutions | Blogs | CommentsI’ve actually endured several arguments over the years from peers who firmly believe that a good process is one that works in spite of people. I understand the point of view, but cannot bring myself to agree. We do all the important things and drive an understanding that for us to build better processes and prevent variation and waste we must follow the process, even if it isn’t perfect.
Wajax Opens Branch In Redcliff, Alberta
May 1, 2013 9:52 am | by Wajax Industrial Components | News | CommentsJeff Dares will serves as the Branch Manager at the new location. He has worked for Wajax for more than 12 years in a variety of roles including outside sales and branch management. He has extensive experience with bearing and power transmission products and in finding technical solutions for our customers.
Spring Driven Liquid Propane Hose Reels
May 1, 2013 9:44 am | by Reelcraft | Product Releases | CommentsThe reels are available in stainless or carbon steel and include a Full Circle swivel.
Industrial Impact Wrenches
May 1, 2013 9:40 am | by Chicago Pneumatic | Product Releases | CommentsThe new CP69 series is ideal for heavy duty industrial maintenance applications where power and tool reliability are critical.
Weiler Corporation Joins Affiliated Distributors
May 1, 2013 9:35 am | by Weiler Corp. | News | CommentsWeiler Corporation, a leading manufacturer of power brushes, abrasives and maintenance products, recently became a Preferred Supplier of Affiliated Distributors (AD) Industrial Supply Division (ISD). AD, with over 140 distributor members, is the largest association of independently owned industrial distributors in the United States.
Bunzl plc Acquires Three Businesses In Australia
May 1, 2013 9:25 am | by Bunzl plc | News | CommentsBased in Sydney, the businesses acquired operate from locations throughout Australia and focus on three specialist markets. Revenue of the businesses acquired in the year ended 31 December 2013 is expected to be approximately A$160 million.
The Dirty Dozen: Finding And Fixing Company Culture
April 30, 2013 10:04 am | by Steven Shaffer, President, Shaffer Consulting | Blogs | CommentsIt’s no surprise then that one of the biggest impediments to a healthy business is poor organizational health, which stems from poor leadership. When a culture of blame and excuses permeates a company, it can paralyze it.
Two-Wheel Hand Truck Has Powered Lift
April 30, 2013 9:50 am | by Lift'n Buddy | Product Releases | CommentsLift'n Buddy combines the vertical lifting of a small powered stacker with the convenience, versatility, and simplicity of a 2-wheel hand truck.
KEEN Utility Introduces New Work Footwear For Spring
April 30, 2013 9:44 am | by KEEN Utility | Product Releases | CommentsThe super slip-resistant outsole features drainage channels that direct water and oils away from contact points under the foot, similar to a tire tread, helping to increase stability and sure-footing indoors and out.
Kaman Distribution Segment Organic Sales Decline
April 30, 2013 9:35 am | by Kaman Corp. | News | CommentsCEO Keating: "Distribution faced a decline in organic sales which resulted in its operating profit contribution coming in below prior year." Sales increased 1.8% in the first quarter of 2013 to $257.2 million compared to $252.6 million a year ago for the distribution segment.
Quality Products Inc. Acquires Pacific Press Technologies
April 30, 2013 9:29 am | by Quality Products, Inc. | News | CommentsQuality Products, Inc., a manufacturer and distributor of aircraft ground support equipment and hydraulic press machine tools, today announced an acquisition, through a newly formed subsidiary, PPT Industrial Machines Inc..Under the terms of the purchase agreement, PPT is acquiring certain assets and liabilities of Pacific Press Technologies LLC.
National Oilwell Varco Revenue Down 7% In First Quarter
April 29, 2013 5:10 pm | News | CommentsRevenues for the first quarter of 2013 were $5.31 billion, a decrease of seven percent from the fourth quarter of 2012 and an increase of 23 percent from the first quarter of 2012. Operating profit for the quarter, excluding the transaction charges, was $816 million, or 15.4 percent of sales. Sequentially, first quarter operating profit decreased 14 percent, while year-over-year first quarter operating profit decreased seven percent.
Multi-Conductor Cable
April 29, 2013 9:54 am | by NTE Electronics | Product Releases | CommentsNTE’s multi-conductor cable greatly improves soldering connections as well as making termination handling easier due to its extra flexible stranding.
Pleated Bag Filters
April 29, 2013 9:50 am | by United Air Specialists, Inc. | Product Releases | CommentsDeveloped to replace traditional filter bags and cages, each pleated bag filter has a one-piece construction design which allows it to be used in new systems or as a simple retrofit in existing bag house equipment for improved system performance.
Beyond DSO: How Distributors Can Improve Customer Relations With Intelligent Accounts Receivable Management
April 29, 2013 9:40 am | by Mark Wilson, CEO, TermSync | Blogs | CommentsAsking customers to pay their invoices can often be an uncomfortable situation for distribution executives and their finance teams. It’s often considered a necessary evil in the business world. What many distributors may not realize is that while the end goal of these interactions is to receive payments, they are also valuable opportunities to improve your customer relationships.
Gardner Denver First Quarter Net Income Falls 17%
April 29, 2013 9:36 am | by Associated Press | News | CommentsThe company on Friday reported net income after paying preferred dividends of $45.7 million, or 93 cents per share, down from $54.8 million, or $1.08 per share, in the same quarter of 2012. Excluding restructuring costs and other one-time items, the company said it posted an adjusted profit of $1.06 per share. Revenue fell 15 percent to $513.5 million from $604.4 million.
HD Supply Facilities Maintenance Expands Catalog
April 29, 2013 9:28 am | by HD Supply Facilities Maintenance | News | CommentsThe 2013 full-line catalog features more than 27,000 in-stock products with free, next-day delivery available and expanded Property Improvement service offerings, including renovation, customized products, and installation services.
