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Anixter Reports Record Q2 Sales

July 28, 2015 | by Mike Hockett, Managing Editor | Comments

Fresh off last week's announced acquisition of HD Supply's Power Solutions unit, Anixter reported strong organic sales growth as its Enterprise Cabling & Security segment topped $1 billion in sales for the first time in company history.

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U.S. Manufacturing Growing Despite Declining Share Of Overall Economy

July 29, 2015 11:52 am | by Andy Szal, Digital Reporter

Despite perceptions about the detrimental impacts of technology, regulation, and foreign competition, a recent report says that the service sector simply grew at a much faster pace than manufacturing over the past 10 years.

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Praxair Q2 Sales, Profits Tumble

July 29, 2015 9:52 am | by Mike Hockett, Managing Editor

The company said strong currency headwinds were the primary reason for the sales and profit decreases, which were consistent across all business segments.

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Airgas Q2 Sales Tick Up, Profit Flat

July 28, 2015 9:24 am | by Mike Hockett, Managing Editor

The company's quarterly sales were boosted by continued growth in its non-residential construction products, allowing it to raise its full-year earnings guidance.

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Schneider Electric New Product Delivery Programs Let Contractors Work Smarter, More Efficiently

July 27, 2015 2:02 pm | by Schneider Electric

The new AE and ETS Delivery Programs offer a more efficient way to order Square D standard switchboards, helping contractors meet tighter project schedules.

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Ferguson Closes Fiscal Year With 13 New Companies

July 27, 2015 1:20 pm | by Ferguson

The acquisitions spanned coast-to-coast and multiple business types including waterworks, HVAC, and plumbing distributors, in addition to e-commerce companies, and appliance and lighting showrooms.

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Infographic: Motion Control Product Global Shipments In 2014

July 27, 2015 12:48 pm | by Product Design & Development

Numbers compiled by Product Design & Development on the motion control products market include total shipments surpassing the $3 billion mark in 2014.

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Beacon Roofing Supply Buys Roofing Supply Group For $1.1B

July 27, 2015 12:28 pm | by Beacon Roofing Supply

Along with bringing the company to the Pacific Northwest with branches in Seattle and Spokane, the acquisition grows Beacon to approximately $3.7 billion in revenues and gives it 356 branches in 45 states and six provinces across Canada.

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Columbus McKinnon To Acquire Magnetek

July 27, 2015 9:14 am | by Columbus McKinnon

The transaction combines complementary strengths to create more competitive and comprehensive material handling solutions for customers.

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Stellar Industrial Supply Acquires Tucson Abrasives

July 24, 2015 3:09 pm | by Stellar Industrial Supply

The addition gives Tacoma, WA-based Stellar a solid foothold in the southwest U.S., and a wider presence in the metalworking, abrasives, MRO, and safety businesses.

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Survey: Union Members More Likely To Rank ‘Made In U.S.A.’ As Important Purchase Driver

July 24, 2015 1:56 pm | by Klein Tools Klein Tools

Klein Tools' survey of hundreds of electricians showed that 5 in 6 union members view "Made in U.S.A." as a crucial purchasing point, while only 3 in 6 non-union members feel the same.

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Snap-on Profit Jumps In Q2

July 24, 2015 10:48 am | by Mike Hockett, Managing Editor

The Wisconsin-based tool maker had healthy organic sales growth across all business segments, including better than 11 percent in its Commercial and Industrial group.

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Würth Service Supply Earns Midori Kai Membership Award

July 24, 2015 10:33 am | by Würth Group

Würth Service Supply's membership with Komatsu America Corporation Midori-Kai has been renewed for 2015, a seventh year in a row.

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NRF: Overtime Rules Would Limit Career Opportunities

July 23, 2015 1:16 pm | by National Retail Federation

The National Retail Federation has released updated research showing that the new overtime plan could cost retailers hundreds of millions of dollars in administrative costs, even if most workers see no increase in take-home pay.

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Essendant Names CEO As Q1 Profits Drop

July 23, 2015 10:47 am | by Mike Hockett, Managing Editor

The company's industrial sales increase nearly 50 percent year-over-year in the quarter, largely impacted by 2014 acquisitions of CPO and MEDCO.

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3M Industrial & Safety Sales Continue Decline In Q2

July 23, 2015 10:35 am | by Mike Hockett, Managing Editor

Foreign currency headwinds reduced 3M's Industrial business sales by 7.8 percent, and reduced its Safety and Graphics sales by 9 percent.

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Lawson Products Q2 Sales Dip As Profit Rises

July 23, 2015 10:12 am | by Mike Hockett, Managing Editor

Lawson said the weaker Canadian dollar and reduced energy demand continued to lead to broader-based MRO slowdown and lower sales, though the company was still able to achieve growth.

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WESCO Q2 Sales, Profit Down From 2014, Up From Q1

July 23, 2015 9:37 am | by Mike Hockett, Managing Editor

Though the company's quarterly sales and profit were down year-over-year once again, both had notable increases over Q1.

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MC Machinery Systems Opens Mexico Subsidiary

July 22, 2015 2:11 pm | by MC Machinery Systems

The operation will include a full service and support department, an onsite warehouse, and training facility.

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Airgas Acquires Weldinghouse, Priority Energy

July 22, 2015 1:29 pm | by Mike Hockett, Managing Editor Airgas

The additions, totaling $40 million in 2014 revenue, strengthen Airgas' welding supplies and industrial gas offerings along the Gulf Coast, as well as its nitrogen services capabilities.

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Home Depot To Buy Interline Brands For $1.63B

July 22, 2015 10:34 am | by Mike Hockett, Managing Editor

Expected to be completed during Home Depot's third quarter that ends Nov. 1, the home improvement retailer gains Interline's distributor network of more than 90 locations throughout the U.S., Canada, and Puerto Rico.

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