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

April 17, 2014 | by Fastenal Company | Comments

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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Today in Distribution

The complete daily resource for distribution professionals

2013 Big 50 List

September 1, 2014 2:46 pm | by Industrial Distribution Staff

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.

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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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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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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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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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Google Buys Drone Maker

April 15, 2014 12:18 pm | by Barbara Ortutay, AP Technology Writer

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.                  

Tennsco Corporation Makes Two Acquisitions

April 15, 2014 10:46 am | by Tennsco Corp.

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.   

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Zebra Technologies To Acquire Enterprise Business From Motorola Solutions For $3.45B

April 15, 2014 10:33 am

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.          

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Quincy Compressor To Acquire Compressed Air Assets Of Texas Distributors

April 15, 2014 10:23 am | by Quincy Compressor

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.

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Saint Gobain Completes Sale Of Verallia; Announces New American Headquarters

April 15, 2014 10:17 am

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.

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Registration Now Open For UnleashWD 2014

April 15, 2014 10:13 am | by UnleashWD

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.

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