Compiled from data confidentially provided by participating PTDA distributor member companies, the PT Distributor Performance Report indicates the pre-tax profit of a typical power transmission/motion control distribution firm was less than half that of high-profit firms.
Specialty Tool has been servicing the manufacturing industry for over 25 years providing a vast assortment of industrial supplies including cutting tools, abrasives, coolants and MRO products. Like PTS, Specialty Tool strives to meet or exceed their customers’ needs through technical analysis, personalized service and support as well as a wide variety of quality products.
The company plans to sell 53.2 million shares priced between $22 and $25 each. It may raise more funds if underwriters exercise their option to buy nearly 8 million additional shares that they have been allotted as part of the deal. The stock would trade on the Nasdaq under the symbol "HDS".
Through the partnership, announced at the Oil and Gas Expo, DHL Express Canada and the U.S. Department of Commerce will match DHL customers in Canada with U.S. manufacturers or sellers who are already exporters or who are interested in reaching markets in the United States.
Every day, 13 people go to work and never make it home to their families. 4,693 workers were killed on the job in 2011 and workers reported an additional 3.8 million job-related injuries and illnesses, at a cost of $250-300 billion dollars to employers. Industrial Supply Company is launching a campaign for staying safe at work in support of National Safety Month—a month-long education campaign of the National Safety Council held every June.
Founded in 1988 by Larry Blackburn and Greg Johnston, Flowline operates two branches in Baltimore, Maryland and Greencastle, Pennsylvania and is a value added distributor of fabricated hose, MRO products and other related products. Flowline’s core customer base has historically consisted of agriculture, construction and food & beverage OEMs.
Coalville, UK–based Dynamotive designs, commissions and upgrades systems of drives, controls and motors for industrial and marine applications and automotive test rigs. Dynamotive has about 40 employees and is privately owned. Its owners will continue to work for ABB.
Bakewell joins Interline after spending the last 22 years as the Chief Financial Officer of several large public and privately owned companies. Most recently, Mr. Bakewell served as the Executive Vice President and Chief Financial Officer of RegionalCare Hospital Partners. Previously, Mr. Bakewell held the same position with Wright Medical Group, a global orthopedic medical device manufacturer.
Michael Caliebe was named general manager of Brennan’s Ohio distribution center, located in Solon, Ohio.Nick Longo was named general manager of Brennan’s Washington distribution center, located in Sumner, Wash. Longo joined Brennan as an OEM manager 16 years ago.
MRC Global Inc. has opened a new regional distribution center in Tulsa, OK. The facility includes a two acre pipeyard, 80,000 square feet of warehouse space and a valve automation center. The location will support 13 MRC service locations throughout Oklahoma and the Midwest U.S.
The award recognized how Haggard & Stocking, working closely with inventory management system supplier CribMaster, developed a customized program to manage the Foreign Object Debris (FOD) requirements of an aerospace company. In order to meet stringent FOD requirements or risk losing major government contracts, the company requested Haggard & Stocking’s assistance in developing an automated program to track tooling.
Daily sales increased 5 percent versus May 2012, and included 3 percentage points from volume, 2 percentage points from price and 1 percentage point from acquisitions, partially offset by a 1 percentage point decline from unfavorable foreign exchange.
H.B. Fuller Company announced that it has finalized the previously announced purchase of Plexbond Quimica S/A, a provider of chemical polyurethane specialties and polyester resins based in Curitiba, Brazil. The Plexbond Quimica business generated nearly $20 million in revenue in 2012. The results of this business will be included in the company's Latin America Adhesives operating segment going forward.
Jury Sr., who grew up in West Texas, had a successful career in the electrical distribution industry that spanned more than 45 years. After attending college at Notre Dame as a participant in the U.S. Navy V-12 officer development program during the Second World War, he later earned a Bachelor of Science degree in Industrial Engineering from Texas Tech University.
Meurer is a well-known supplier of secondary packaging equipment to the FMCG (Fast Moving Consumer Goods) markets worldwide. Meurer will join Hi-Cone, Hartness International and ITW Warehouse Automation as part of the ITW Global Packaging Solutions Group, which is part of the ITW Consumer Packaging Segment. The transaction is expected to close in July pending government approval.
On December 4, 2012, the company had announced a signed Letter of Intent ("LOI") to be acquired by Industrial Distribution Group ("IDG"). Subsequently, the company announced on January 24, 2013 that the Board of Directors of IDG had determined to withdraw IDG's proposal to acquire the company.
Scinta, previously vice president of operations for Rexel Holdings USA’s Rexel Inc. division, will have responsibility for operations, logistics, facilities, transportation and real estate activities across Rexel Holdings USA. In her 14 years with the organization, she has held various roles in pricing, profitability and operations.
The acquisition positions SAP to deliver the next-generation e-commerce platform, with the choice of on-premise or cloud deployment, as enterprises around the world seek to optimize the customer experience for businesses and consumers across an ever - growing number of delivery channels, devices and touch points.
HD Supply experienced net sales and Adjusted EBITDA growth in all four of the company’s largest businesses: Facilities Maintenance, Waterworks, Power Solutions, and White Cap. HD Supply, Inc. reported net sales for the fiscal 2013 first quarter ended May 5, 2013 of $2.1 billion, an increase of $232 million, or 12.6 percent, as compared to the first quarter of fiscal 2012.
The Industrial Supply Association named Allan Chartier the posthumous recipient of its inaugural Lifetime Achievement Award at the 2013 Product Show & Conference in San Diego on June 2. The industry veteran began his career in the industrial supply industry as a salesman for Midwest Industrial Tools in the 1970s.