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Stellar Industrial Supply To Merge With Impact Industrial Supplies

April 23, 2015 | by Stellar Industrial Supply | Comments

The transaction will give Stellar a new reach into the U.S. southeast, as its other 11 branches are in the country's northwest.

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Dutch ERIKS nv Acquires 2 U.S. Distributors

April 27, 2015 10:23 am | by Sam Neylon, Digital Reporter

Subsidiaries of Dutch firm Eriks nv have acquired American distributors Seals & Packings and Action Industrial Group.

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Wesco Aircraft Names New CFO

April 24, 2015 11:19 am | by Mike Hockett, Associate Editor

Rick Weller takes an executive position with the company with a leadership background that includes positions at Ingersoll-Rand and Textron.

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NetSuite To Acquire Bronto Software

April 23, 2015 1:22 pm | by NetSuite

The combination brings together a leader in cloud omnichannel commerce with a leader in commerce marketing automation.

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Horizon Solutions Names Industrial/Safety Products Director

April 23, 2015 1:14 pm | by Horizon Solutions

Scott Wilson takes the leadership position, having 20+ years experience with the company.

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Ingersoll-Rand Q1 Sales Rise, Profit Drops

April 23, 2015 12:59 pm | by Mike Hockett, Associate Editor

Ingersoll-Rand's report included a 7 percent revenue increase in its Industrial segment.

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3M Industrial, Safety Sales Down In Q1

April 23, 2015 12:19 pm | by Mike Hockett, Associate Editor

3M's Industrial and Safety segments had overall sales decreases despite posting organic growth as the manufacturer's total profit was flat.

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Avnet Q3 Sales Flat, Profit Jumps

April 23, 2015 10:12 am | by Mike Hockett, Associate Editor

The quarterly profit gain continues a big 2015 for the electronic components distributor, as Avnet's fiscal nine-month profit is now up 15 percent over 2014's.

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United Stationers' Industrial Supplies Sales Soar From Acquisitions

April 23, 2015 9:45 am | by Mike Hockett, Associate Editor

United Stationers' 2014 acquisitions of CPO and MEDCO increased industrial supplies sales nearly 60 percent as the company's restructuring and consolidation will continue throughout the year.

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WESCO To Consolidate Branches Following Q1 Profit Decrease

April 23, 2015 9:11 am | by Mike Hockett, Associate Editor

Citing reduced Q1 demand in its industrial market, WESCO slightly revised its full year outlook while stating actions to accelerate its sales initiatives and streamline its business.

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IBC Adds YG-1 U.S.A. To Preferred Suppliers

April 22, 2015 4:59 pm | by IBC

As the fifth largest cutting tool manufacturer in the world, YG-1 exports to 53 countries around the world and has manufacturing partners in the U.S., Ireland, South Korea, and China.

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Illinois Tool Works Cuts Outlook Upon Q1 Sales, Profit Decrease

April 22, 2015 9:58 am | by Mike Hockett, Associate Editor

Currency headwinds hurt ITW's bottom line, despite strong organic sales growth in the company's automotive OEM segment.

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Top U.S. Exports Still Generate $67B Trade Deficit

April 21, 2015 12:28 pm | by Andy Szal, Digital Reporter

Analysis shows that the country's top 30 export categories combined for a trade deficit of more than $67 billion in 2013.

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Lincoln Electric Q1 Sales Dip, Profit Soars

April 21, 2015 12:18 pm | by Mike Hockett, Associate Editor

Lincoln's overall sales decreased despite a modest increase in its North American Welding segment.

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IBC Adds 3 Distributors, 2 Preferred Suppliers

April 21, 2015 11:58 am | by IBC

IBC's new independent distributors specialize in hardware, fleet, steel products, industrial supplies, and cutting tools.

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Timken Opens Gear Drive Facility In Houston

April 21, 2015 11:35 am | by Timken

Timken says the new plant will significantly improve production efficiencies in the manufacture of Philadelphia Gear brand high-speed drives and expand the company's opportunities with new and legacy original equipment customers.

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Motion Industries, EIS Post Q1 Financials

April 21, 2015 9:49 am | by Mike Hockett, Associate Editor

Both Motion Industries and EIS had modest year-over-year sales increases, while Motion Industries posted a solid profit gain.

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SupplyCore Secures $1 Billion In New Business

April 20, 2015 3:27 pm | by SupplyCore

A $225 million defense contract announced earlier this month pushes SupplyCore's guaranteed MRO supply business over the $1 billion mark over the next 5 years.

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Continued Growth For ISA Distributors In March

April 20, 2015 12:28 pm | by Industrial Supply Association

Ahead of ISA's annual convention April 25-27 in Cleveland, its Distributor Index showed a third straight month of growth, while the Manufacturing Index slipped.

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Abrasive Power Tools Deal: Dynabrade Acquires National Detroit

April 20, 2015 12:16 pm | by Mike Hockett, Associate Editor

The deal is to strengthen Dynablade's product line of abrasive power tools for global distribution.

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Shiloh Industries Announces Planned Aluminum Casting Plant In China

April 20, 2015 11:30 am | by Shiloh Industries

The plant will manufacture the company's family of aluminum CastLight products, utilizing Shiloh's high-pressure die casting and proprietary squeeze casting expertise. 

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