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Today in Distribution

The complete daily resource for distribution professionals

Green Automotive Company Acquires Blackhawk Manufacturing Inc.

April 21, 2014 10:36 am | by Green Automotive Company

Blackhawk is a manufacturer of specialist composite materials with facilities in Bloomington, CA and Tijuana, Mexico and is generating sales of circa $4.25m per annum and a profit of approximately $407K per annum according Blackhawk’s financial records.

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Tennant Company 1Q Sales Rise 9.5%

April 21, 2014 10:30 am | by Tennant Company

Commented Chris Killingstad, Tennant Company's president and chief executive officer: “We are pleased to report record revenues for the first quarter and double-digit organic growth, with higher sales across all of our geographies."    

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Unemployment Rates Fall In 21 States

April 21, 2014 10:28 am | by Josh Boak, AP Economics Writer

More than two-thirds of the states reported job gains in March, as hiring has improved for much of the country during what has been a sluggish but sustained 4 1/2-year recovery.              

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Internet Retailer Amazon To Start Collecting Taxes In FL

April 18, 2014 10:08 am | by The Associated Press

Currently, Floridians are supposed to pay taxes for online purchases, but there's no way to enforce the law. The state can't force companies like Amazon to collect the tax unless it has a physical presence, such as a warehouse or store.

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Snap-on 1Q Sales Up 6.2%

April 18, 2014 10:04 am | by Snap-on Industrial

Sales of $787.5 million increased $45.8 million, or 6.2%, from 2013 levels; excluding $15.2 million of acquisition-related sales and $5.9 million of unfavorable foreign currency translation, organic sales increased 5.0%.             

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Handheld Strengthens Its U.S. Sales Department, Renews Focus On Developing Partner Networks

April 18, 2014 9:59 am | by The Handheld Group

As Handheld US’s vertical sales manager, Jeff Watkin will be responsible for building and supporting Handheld’s partner network in numerous industries, including utilities, construction, and manufacturing.         

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IndustryHuddle Gains 10,000 Users, Enhances Job Search Features

April 18, 2014 9:55 am | by Industry Huddle

Online resources, cost savings promotions, and the “Huddle Savings” program also enable companies to save big on their operational and business expenses.                 

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United Stationers Offers Breakroom Boot Camps To Educate, Drive Growth

April 18, 2014 9:50 am | by United Stationers

Throughout the remainder of 2014, United Stationers will host several Cleaning & Breakroom Sales Boot Camp and Supplier Summits. This series of two-and-a-half day events taking place in various locations around the country is aimed at helping resellers capture new sales growth in the JanSan category.

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PwC: Manufacturer Optimism On Domestic Outlook Rises To Highest Level In Eight Years

April 18, 2014 9:47 am | by PwC

The positive sentiment about the prospects of U.S. commerce in the next 12 months reached the highest level since the fourth quarter of 2005. Conversely, optimism regarding the prospects of the world economy lessened during the first quarter as U.S. industrial manufacturers remained cautious on the global stage.

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China Factories Face New Challenge As Growth Slows

April 17, 2014 9:56 am | by KELVIN CHAN, AP Business Writer

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.              

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ESAB Completes Colfax Acquisition Of Victor Technologies

April 17, 2014 9:53 am | by ESAB

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.   

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Worthington Names Vice President Of Mergers & Acquisitions

April 17, 2014 9:49 am | by Worthington Industries

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.             

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Watsco Achieves Record 1Q Results, Revenues Up 7%

April 17, 2014 9:44 am | by Watsco, Inc.

Albert H. Nahmad, Watsco’s President & CEO stated: “Watsco delivered another solid quarter of performance driven by sales growth, higher selling margins and improved operating efficiencies ... We are off to a strong start and believe 2014 will be a record year for our company.”

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Fastenal Founders Bob Kierlin, Steve Slaggie To Retire From Board of Directors

April 17, 2014 9:42 am | by Fastenal Company

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.

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ISA Members Are In Growth Mode

April 17, 2014 9:38 am | by Industrial Supply Association

The ISA Manufacturer Index rose from 63.2% in February to 66.0% in March, while the Distributor Index increased from 59.2% in February to 65.0% this month. The Indexes have been above 50% since December 2012.        

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Bunzl Announces Sales Data, Acquisitions In Chile; The U.S.; New Zealand

April 16, 2014 9:53 am | by Bunzl plc

Overall trading has been consistent with expectations at the time of the annual results announcement in February. Acquisition growth continues to be a key part of the company’s strategy and Bunzl announced that it has completed three further acquisitions in Chile, the US and New Zealand.

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Grainger 1Q Sales Up 5%

April 16, 2014 9:48 am | by W.W. Grainger, Inc.

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.    

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Johnson Controls To Acquire Air Distribution Technologies For $1.6B

April 16, 2014 9:40 am | by Johnson Controls

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.

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Atlas Copco To Acquire Two U.S. Compressor Distributors

April 15, 2014 1:25 pm | by Atlas Copco

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.             

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SKF 1Q Sales Rise 10.4%

April 15, 2014 1:20 pm | by SKF

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.         

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