The Leading Source for Industrial Distribution News
Moving Beyond E-Commerce: How To Truly Leverage The Power Of The Internet
April 18, 2013 9:28 am | by Curtis Alexander, Author and Business Growth Strategist | Blogs | CommentsIf you are a distributor and you view the internet as simply a ‘product selling’ tool you’re missing its real power and, you accelerate the process of cementing your status as a commodity. The good news? Used correctly and strategically the internet gives you the ability to separate yourself from the pack, increase profits and market position.
DPA Announces 2013 Safety Awards
April 18, 2013 9:24 am | by Zachary T. Haines, Executive Director of DPA | News | CommentsOver 80 of the industry’s leading distributors and suppliers were in attendance and each day was filled with meetings, presentations and networking opportunities. DPA distributors met with each DPA partner supplier to learn about their new product opportunities. Distributors also placed orders and took advantage of DPA’s “Show Specials” promotions.
WESCO Achieves Record Quarterly Sales & Gross Margins
April 18, 2013 9:19 am | by WESCO International, Inc. | News | CommentsNet sales were $1,808.1 million for the first quarter of 2013, compared to $1,606.0 million for the first quarter of 2012, an increase of 12.6%. Gross profit of $381.1 million, or 21.1% of sales, for the first quarter of 2013 improved 120 basis points compared to $319.7 million, or 19.9% of sales, for the first quarter of 2012.
DXP Enterprises Acquires National Process Equipment
April 18, 2013 9:14 am | by DXP Enterprises | News | CommentsFounded in 1998, Natpro is headquartered in Calgary, Alberta and operates out of eight locations across Eastern and Western Canada. Natpro is focused on serving customers in the oil & gas, mining, municipal, fire and general industrial markets.
Q&A With Marisa Betancourt on Infor's FACTS
April 17, 2013 10:02 am | by Abbigail Kriebs, Associate Editor | Articles | CommentsIndustrial Distribution had a chance recently to speak with Marisa Betancourt at Infor. Betancourt is the FACTS Product Manager/Senior Business Analyst for the software company, and filled us in on what the FACTS programs was created to do for distributors.
Sumitomo Drive Technologies Launches NewMobile Website
April 17, 2013 9:55 am | by Sumitomo Drive Technologies | Product Releases | CommentsDesigned to offer mobile phone users immediate access to information they need most, the home page features a prominent product selection drop-down menu, quick product repair inquiry form, and direct access to the Locate a Representative function.
Flange Collar For Demanding Applications
April 17, 2013 9:45 am | by Stafford Manufacturing Corp. | Product Releases | CommentsThe Stafford Heavy-Duty Flange Collar features a robust design with wider construction and oversize clamping screws to provide up to three times the axial load capacity of a standard flange collar, says the company . . .
Signature Group Holding Names Colville CEO
April 17, 2013 9:41 am | by Signature Group Holdings, Inc. | News | CommentsCraig Noell has reached an agreement with the company to resign as Chief Executive Officer pursuant to the terms of a Separation Agreement and General Release. Mr. Chris Colville, Chairman of the Board of Directors, will immediately assume the responsibilities of Chief Executive Officer.
WinWholesale Acquires West Coast Associates In Tampa
April 17, 2013 9:39 am | by WinWholesale, Inc. | News | CommentsWinWholesale Inc. has acquired the assets of West Coast Associates in Tampa, Fla. The company now operates as West Coast Winsupply and fabricates fire sprinkler systems for fire sprinkler and mechanical contractors in Florida and the southern regions of Georgia and South Carolina.
Bunzl Announces Interim Statement, UK Acquisition
April 17, 2013 9:36 am | News | CommentsRevenue and operating margins have been consistent with expectations at the time of the annual results announcement in February. At constant exchange rates, group revenue in the first quarter has increased 10% compared to the same period last year due to underlying revenue growth of about 2%, with all of the business areas showing growth, and the positive impact from acquisitions.
ILMO Marks 100th Day Of 100th Year With Surprise For Employees
April 16, 2013 10:08 am | by Blair Austin, ILMO Products Company | News | CommentsOn Wednesday, April 10, ILMO’s owners and directors visited all ten ILMO locations to personally present each employee with a $100 bill and lunch for their team, and to express their appreciation for their dedication to ILMO’s success and the success of our customers.
Praxair Acquires Plant In IN, Starts Another In Brazil
April 16, 2013 9:32 am | by Praxair, Inc. | News | CommentsPraxair, Inc., announced the acquisition of Tri-State Carbonic’s carbon dioxide (CO2) plant in Lawrenceburg, Indiana. Financial terms of the transaction were not disclosed. Also, as part of a long-term contract, Praxair's new plant in Brazil will supply Eldorado Celulose e Papel’s single-line pulp mill, which will be the largest in the world.
Atlas Copco to Acquire German Torque Wrench Maker
April 16, 2013 9:27 am | by Atlas Copco | News | CommentsFounded in 1919, Saltus has about 65 employees and had revenues in 2012 of about MEUR 8 (MSEK 70). The company manufactures and sells a wide range of products for quality assurance in tightening, including mechanical, mechatronic and electronic wrenches as well as special sockets.
Grainger Reports Record EPS For 2013 First Quarter
April 16, 2013 9:23 am | by W.W. Grainger, Inc. | News | CommentsNet earnings for the quarter increased 13 percent to $212 million versus $188 million in 2012. Earnings per share of $2.94 increased 14 percent versus $2.57 in 2012. Sales increased 4 percent in the 2013 first quarter reflecting 1 less selling day versus the 2012 first quarter.
The Amazon Cure
April 15, 2013 5:16 pm | by Jim Tompkins, CEO of Tompkins International | Articles | CommentsTompkins explores the main symptoms associated with the current plague of short-term thinking, how companies can begin growing again, and how the “Amazon Cure” and Jeff Bezos’ focus on innovation and investment help create long-term value. It’s time for business leaders to stop cannibalizing their long-term success by focusing on short-term profits.
Innovative Safety Coupling
April 15, 2013 5:09 pm | by CEJN | Product Releases | CommentsThe eSafe is a one hand operated, compact, high flow coupling that vents before disconnection eliminating the risk of hose-whip keeping the operator from harm.
Stainless Shelving With Plastic Bins
April 15, 2013 4:56 pm | by Jamco Products, Inc. | Product Releases | CommentsThe Model KP130 is 304 stainless steel, 16 gauge, premium polished with solid shell sides and a louvered panel inside that holds 30 Insight Ultra Clear Bins . . .
Distribution Specific ERP Add-On Package
April 15, 2013 9:29 am | by xTuple | Product Releases | CommentsThe package, xWD extends xTuple ERP software's enterprise-class functionality for companies with sophisticated inventory control needs. Development enhancements were led by close collaboration with IMARK members.
Jergens, Inc. Releases 2013 Master Catalog
April 15, 2013 9:20 am | by Jergens, Inc. | Product Releases | CommentsThis comprehensive 516 page catalog includes in-depth product descriptions, design features & benefits, performance details, application and operating information, dimensional drawings and detailed sizing information for all Jergens products from the company’s three distinct business units.
AED Urges Congress To Fix Complicated, Archaic Tax Code
April 15, 2013 9:13 am | News | CommentsThe overly complicated and uncertain tax code is undermining economic growth, Associated Equipment Distributors’ (AED) Vice Chairman Tim Watters told the House Small Business Committee earlier this month. Watters, president of Hoffman Equipment in Piscataway, N.J., cited a recent AED tax survey outlining the construction equipment distribution industry’s tax reform priorities.
