Although both will remain part of the 'Fastenal family' as mentors, advisors, and friends, their retirement marks the end of their official roles with the organization they helped build from a small-town fastener shop into a multibillion-dollar global business.
Albert H. Nahmad, Watsco’s President & CEO stated: “Watsco delivered another solid quarter...
The ISA Manufacturer Index rose from 63.2% in February to 66.0% in March, while the Distributor...
Overall trading has been consistent with expectations at the time of the annual results...
The Big 50 list highlights a group of companies who are aggressive and progressive. This year's list shows a significant amount of revenue growth, more than typical amounts of consolidation, and even a notably absent name (Barnes Distribution, now a part of MSC). It’s a tough marketplace, and the strong survive and thrive. If anything in these pages inspires confidence, we hope it’s the leadership of an industry that refuses to slow down.
As China's growth inexorably slows, manufacturers such as Linan Meite Cable are discovering that being an efficient low-cost producer is no longer enough to prosper.
The acquisition complements the geographic footprint of ESAB, as well as expands ESAB's product portfolio into new segments and applications. It brings together two leading organizations with world-class products, technologies, and R&D.
Joe Hayek has joined Worthington Industrial as vice president of mergers & acquisitions and corporate development, a newly created position focused on identifying and acquiring new businesses.
Sales of $2.4 billion increased 5% versus $2.3 billion in the first quarter of 2013. Net earnings for the quarter increased 2% to $217 million versus $212 million in 2013. Earnings per share of $3.07 increased 4% versus $2.94 in 2013.
Within the Johnson Controls portfolio, Air Distribution Technologies will be aligned under the Building Efficiency platform where it will operate with its own brands, distribution channels and employees. The combination of the two companies will be jointly guided by Johnson Controls and Air Distribution Technologies leadership.
Atlas Copco’s U.S.-based Quincy Compressor LLC has agreed to acquire the compressor business of National Pump & Compressor Ltd. and McKenzie Compressed Air Inc. in the United States.
The company's sales in the first quarter in local currencies increased by 4.4% in Europe, by 2.9% in North America, by 4.1% in Latin America, by 10.6% in Asia and by 21.4% in Middle East and Africa.
Google has bought Titan Aerospace, a maker of solar-powered drones, saying it could help bring Internet access to remote parts of the world as well as solve other problems.
These two acquisitions bring two new product lines to Tennsco: SpacePro mobile shelving and Kompakt Systems mobile shelving. All three companies have a long history of successful partnering, making this merger a natural progression.
With 2013 pro-forma sales of approximately $2.5 billion, Motorola's Enterprise business is an industry leader in mobile computing and advanced data capture communications technologies and services.
About 125 employees in a variety of sales and service roles joined Quincy Compressor from NPC and McKenzie. The acquired branches now form Quincy’s direct sales and service centers in Texas, which ranks as one of the largest and most rapidly growing economies in the United States.
Saint-Gobain sold its entire stake in Verallia North America to the Ardagh group based on an enterprise value of US$ 1,694 million (€1,275 million). The transaction will reduce the group’s net debt by an estimated €925 million and follows the agreement reached with the US anti-trust authorities.
The third annual UnleashWD innovation summit will continue its effort to promote innovation and fresh ideas in the wholesale distribution industry on Oct. 29-30 in Chicago. Andrew Berlin, the CEO of Berlin Packaging and the owner of the minor league baseball team the South Bend (Ind.) Silver Hawks, will serve as one of the keynote speakers.
February U.S. manufacturing technology orders totaled $354.40 million according to AMT - The Association For Manufacturing Technology. This was down 6.6% from January and down 6.2% when compared with the total of $377.82 million reported for February 2013.
Hisco and its customers achieve cost savings in a number of ways, including changes to the manufacturing process, product handling optimization, logistics efficiencies, pricing efficiencies, and stocking planning.
With the new experience centers, both small businesses and consumers are able to learn more about 3D printing through demonstration areas where they can use design software and see 3D Systems printers in action.
The intense day of business meetings was broken up by an award luncheon where NetPlus founder Dan Judge introduced his daughter, Jennifer Murphy, the recently appointed president of NetPlus. Jennifer is the fifth generation to lead the family-owned business, which has industrial roots dating back to 1885.
Written by industrial distributors and manufacturers, the course is organized into four modules, with each module featuring 15-20 quick, single topic lessons. Modules cover the basics of industrial distribution: ID Fundamental Organizational Overview, Operations Overview, Customer Service & Sales, Marketing, and Profitability.