Headquartered near Chicago in Schiller Park, IL, Mohawk manufactures precision springs, wire forms, and rings for a broad and varied base of over 300 unique customers. The main industries served by Mohawk include heating, cryogenics, hydraulics, electrical distribution, irrigation, computer technology, home appliance, construction equipment, medical device, and aerospace.
Sales of $764.1 million increased $26.2 million, or 3.6%, from 2012 levels; excluding $4.7 million of unfavorable foreign currency translation and $8.5 million of sales from the previously announced May 2013 acquisition of Challenger Lifts, Inc., organic sales increased 3.1%.
SC Fastener supplies fasteners, abrasives, power tools, safety supplies, paints, and chemicals. They also supply fire extinguishers and related products. The additional warehouse space allows SC Fastening Systems to expand their current inventory. The company is also very excited about their new showroom, where customers can view products on display and make purchases on-site.
The ISA Manufacturers Index decreased from 58.8% in May to 55.9% in June, while the Distributor Index fell from 65.1% in May to 61.2% in June. For each index, a reading above 50% indicates expansion, while a reading below 50% indicates contraction.
The Hy-Tek JCB division will be led by President Jim Ripkey; Vice President and General Manager Jason Milligan; and supported by Account Manager Marty Grace and Product Support Manager Gary Steele. Together the new Hy-Tek JCB team has over 90 years of experience in the construction equipment industry.
Parent company Genuine Parts Company saw sales up 5% compared to the same period in 2012. CEO Gallagher says the company continues to expect a stronger second half of the year for the industrial and automotive businesses, but likely at a slower rate of growth than previously anticipated.
Shaffer is a recognized leader in the Software as a Service (SaaS) software community and has proven operational expertise and a history of enabling rapid growth. He also will continue to serve on the Insite Software board of directors.
Grainger today reported record results for the 2013 second quarter ended June 30, 2013. Sales of $2.4 billion increased 6 percent versus $2.2 billion in the second quarter of 2012. There were 64 selling days in the quarter, the same as in 2012. Net earnings for the quarter increased 14 percent to $218 million versus $191 million in 2012. Earnings per share of $3.03 increased 15 percent versus $2.63 in 2012.
Sales in the second quarter in local currencies and excluding structure decreased by 4% in Europe and Asia, it was relatively unchanged in North America and decreased by 3% in Middle East and Africa. In Latin America they increased by 14%.
The air separation plant will also expand Praxair’s merchant capacity in the region, supplying liquid oxygen, nitrogen and argon to a variety of industries, including non-ferrous metal, wastewater treatment and shipbuilding. Through a long-term contract, the plant will supply on-site high-purity oxygen, nitrogen and argon to Samsung, one of the largest electronics companies in the world.
U.S. factories cranked out more business equipment, home electronics and autos last month, boosting manufacturing output for the second straight month. The Federal Reserve said Tuesday that manufacturing production rose 0.3 per cent in June from May. That followed a 0.2 per cent gain the previous month. Still, the two months of gains barely offset drops in March and April.
The Bossard Group achieved a turnover of CHF 311.5 million in the first six months of the 2013 business year (2012: CHF 251.4 million). This represents an increase of 23.9 percent in Swiss francs. This amounts to a growth in turnover of 22.7 percent based on local currencies.
The site, which helps purchasers directly compare cleaning products based on environmental, health, and safety attributes, also was well received at the recent Every Building Show hosted by the Building Owners and Managers Association (BOMA). Transpare was developed using a consensus-based process driven by the priorities of purchasers representing key market sectors.
Founded in 1973, Ohio Gear & Transmission is a distributor of mechanical power transmission equipment, bearings & electric automation systems as well as a designer and fabricator of specialized gearing products to industries, such as food, packaging, material handling, and general machinery. The company has one location and annual sales of approximately $9 million.
In addition to building a large user base, the company has expanded their customer support team to work closely with Buyers to ensure quality RFQ (Request for Quote) opportunities are available for U.S. Suppliers. Moreover, Fabricating.com is engaged with area manufacturing companies and organizations to discuss ideas, policies, solutions, and MadeInYourState initiatives designed to enhance growth in the manufacturing sector.
Haggard & Stocking sells a variety of Rayovac products including flashlights, headlights and batteries. 2013 is the first year Haggard & Stocking has focused on capturing battery sales from their customers, and based on acquired sales data, this decision has paid off.
ICS has been a family owned and operated janitorial/sanitation distributor for over 40 years. The company is a $5 million dollar a year sales organization with 19 employees serving the Greater Detroit area. ICS’s expertise and focus on the government and education markets will greatly contribute to expanding Nichols product offerings in the Greater Detroit market.
Utilizing these new features, the site will not only allow professionals to network within their affiliated industries but also provide options for students and job seekers to network with companies and professionals that match their interests. This addition will also incorporate LinkedIn connectivity for quick importing of personal details, work experience, and more.
In addition to hearing from speakers on the frontlines of the changing B2B e-commerce landscape, distributors and manufacturers will have the opportunity to network with other executives, leaders and strategists from industry-leading brands.
The Revolving Credit Facility will be used for strategic growth initiatives, working capital and other general corporate purposes. All twelve of the financial institutions in the prior revolving credit facility participated in the extension, with J.P. Morgan Securities LLC, U.S. Bank N.A. and Wells Fargo Securities, LLC serving as joint lead arrangers.