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Power Transmission/Motion Control Industry Forecasts Growth
May 16, 2013 | by PTDA | Comments
The 1Q13 PTDA Business Index produced a reading of 61.1, which represents a substantial increase over last quarter’s reading of 50.7. This indicates that the power transmission/motion control (PT/MC) industry expanded for the 12th consecutive quarter at a slightly faster pace compared with 4Q12.
China Industrial Steel Revenues Up 6% In 1Q
May 16, 2013 10:50 am | by China Industrial Steel, Inc. | Comments
The increase in sales was mainly due to the increase in sales of steel plates and steel wires,...
Signature Group Holdings Sees 1Q Net Loss Of $2.8 Million
May 16, 2013 10:36 am | by Signature Group Holdings, Inc. | Comments
The company’s net loss for the first quarter of 2013 was $2.8 million, or $0.02 per share,...
PTDA Foundation Builds Awareness Of Industrial Distribution Careers
May 15, 2013 9:25 am | by PTDA Foundation | Comments
The power transmission/motion control industry is a “hidden” industry. While the power...
Univar Acquires Mexico Distributor Quimicompuestos
May 17, 2013 12:56 pm | by Univar, Inc.Quimicompuestos is a leading chemical distributor in Mexico. The company has strong relationships with over 50 key suppliers, and delivers over 100 products to more than 4,500 customers in 25 diverse end markets. The company is well positioned in Mexico, with a nationwide distribution network and strong expertise in high growth industries.
Brady Corp. To Sell Asia Die-Cut Business, Organic Sales Down 4.7%
May 17, 2013 11:03 am | by Brady CorporationThe company continued its portfolio realignment process by announcing plans to sell its Asia-based Die-Cut business which was outlined in a separate press release on May 16, 2013. Accordingly, the company has recast its financial statements to report the financial results of the Die-Cut business on one line item in the accompanying condensed consolidated statements of income.
United Stationers Board Declares Regular Dividend
May 17, 2013 10:58 am | by United Stationers, Inc.The board also approved and authorized the company to purchase an additional $100 million of its common stock. Repurchases will be made in accordance with applicable securities laws in the open market or in privately negotiated transactions.
Atlas Sales & Rentals Opens Three New Offices
May 17, 2013 9:30 am | by Atlas Sales & RentalsThe company has opened full-service offices in Miami, FL and Oklahoma City, OK. A third office in Austin, TX opened by Atlas last year, has relocated to a larger facility. Products offered include the complete line of MovinCool® spot coolers and other portable equipment for cooling and heating applications.
Gartner Names hybris Leader In Magic Quadrant Report
May 16, 2013 3:34 pm | by hybrishybris, the world's fastest-growing commerce platform provider, today announced that for the second year running it has been included as a Leader in Gartner's latest 'Magic Quadrant for E-Commerce' (dated May 8, 2013). Following substantial growth in 2011, hybris has further consolidated its position as the market's dominant independent e-commerce and omni-channel vendor.
Airgas Explosion Hurts 2
May 15, 2013 9:49 am | by Pam Ramsey, Associated PressTwo workers were injured Monday when highly flammable gas used in welding exploded at a West Virginia industrial site, officials said. Fire crews were sent at about 3:20 p.m. to Airgas, a distributor of specialty gases in Poca, outside of Charleston. Putnam County emergency management director Frank Chapman said the explosion involved about 50 tanks of acetylene that were at Airgas waiting to be refilled.
Timken Acquires Standard Machine
May 15, 2013 9:42 am | by Jack Keough, Contributing Editor, Industrial DistributionThe Timken Company has acquired Standard Machine, provider of new gearboxes, gearbox service and repair, machining, field technical services and other services to customers in Canada and the western United States. The company services firms in the mining, oil and gas, and pulp and paper industries.
Edgen Group Reports First Quarter 2013 Results
May 14, 2013 9:16 am | by Business WireEdgen Group Inc. a leading global distributor of specialized products including steel pipe, valves, plate, and related components to the energy sector and industrial infrastructure markets, today reported its financial results for the three months ended March 31, 2013.
Graybar Reports First Quarter Results
May 14, 2013 9:13 am | by PR NewswireGraybar, a leading distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, recently reported that net sales for the first three months of 2013 were $1.3 billion, an increase of 0.2 percent compared to the same period last year.
Kennametal Acquires Bolivian Tungsten Supplier
May 14, 2013 9:09 amIndustrial manufacturer Kennametal has signed a definitive agreement to acquire the operating assets of Comercializadora Emura S.R.L. and certain related entities, based in La Paz, Bolivia. Emura is the region’s principal operation engaged in collection, testing, processing and exporting tungsten ore material, and is a long-standing supplier to Kennametal.
Grainger April Sales Up 8%
May 10, 2013 1:55 pm | by W.W. Grainger, Inc.Daily sales increased 8 percent versus April 2012, and included 3 percentage points from volume, 2 percentage points from price, 2 percentage points from acquisitions and 2 percentage points from the timing of the Easter holiday, partially offset by a 1 percentage point decline from foreign exchange.
CEO Hogan To Leave ABB For Private Reasons
May 10, 2013 1:53 pm | by ABBA date for his departure has not yet been decided. Hogan will continue to lead ABB until a successor is announced. He is committed to a smooth transition. Hogan joined ABB as CEO in September 2008. During his time at the helm, ABB has invested about $20 billion to strengthen the company.
Beacon Roofing Supply Sales Rise 5.3%
May 10, 2013 1:49 pm | by Beacon Roofing Supply, Inc.Total sales increased 5.3% to $416.3 million in 2013 from $395.2 million in 2012. Existing market (organic) sales, which exclude branches acquired after the beginning of last year’s second quarter, declined 5.1%. The 2013 sales performance was unfavorably affected by adverse weather conditions this year, especially compared to last year’s mild weather that boosted sales during the normal slow Winter period.
Turtle & Hughes Acquires Mid-Island Electrical Supply
May 9, 2013 4:55 pmMid-Island Electrical Supply is a full service distributor of electrical products serving the Automation, Construction, Industrial, OEM, Commercial, Institutional and Municipal markets in New York City, Long Island and the Hudson Valley.
Barcoding, Inc. Acquires Miles Technologies; Expands RFID Capabilities
May 9, 2013 4:02 pm | by Barcoding, Inc.As a result of this acquisition, Barcoding will strengthen its portfolio of RFID and auto-identification technologies by offering the full breadth of Miles Technologies’ solutions. By increasing its presence in the Central United States, Barcoding can better service and support enterprise customers from its Chicago office, as well as uncover new business opportunities in the Central and Western United States.
WinWholesale Opens Charlotte Locations
May 9, 2013 3:37 pm | by WinWholesale, Inc.The company joins Charlotte Winnelson, which opened in April, and Noland Company serving the area. In addition to the Charlotte area, the new Windustrial company serves the rest of the state and South Carolina. The president is Brian Clark who has PVF wholesale market experience in Charlotte, Upstate New York and the Los Angeles area.
Würth Group Generates Record Sales For 2012 Fiscal
May 9, 2013 10:08 am | by Würth GroupThe company just missed its sales target of EUR 10 billion, yet achieved a sales record with a reported total of EUR 9.98 billion. In its core business, the trade in assembly and fastening material for the craft and industry sector, the Würth Group grew by 3.7 percent to a total of EUR 5.5 billion in 2012. The industry sector, recording a plus of 12.3 percent, clearly contrasts with the rest.
U.S. Industrial Warehouse Vacancies Fueled By eCommerce
May 9, 2013 9:57 am | by Cushman & Wakefield, Inc.“Expansion of eCommerce is fueling demand for big-box distribution centers in major distribution hubs, and has triggered an increase in both build-to-suit and speculative development,” noted Cushman & Wakefield’s John Morris, leader of Industrial Services for the Americas. “This wave will continue due to an undersupply of Class A space.”
Appeals Court Strikes Down Union Poster Rule
May 9, 2013 9:46 am | by Sam Hananel, Associated PressThe court's ruling is the latest success for business groups that have worked to prevent the NLRB from shifting the legal landscape in favor of labor unions, despite President Barack Obama's appointment of several labor-friendly board members.
Five Leading Packaging Companies Join Forces
May 8, 2013 9:56 am | by Exopack Holdings SarlFive leading packaging companies in North America and Europe today announced they intend to combine in order to operate as one global leader under the banner of Exopack Holdings Sarl, a new Luxembourg company (“the Combined Company”). The combined business will have 63 plants, 8,650 employees and aggregate revenues of more than US$2.5B, making it the sixth-largest plastics packaging company in the world.
