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Wolseley Profits Surge On Strength Of U.S. Operations

September 30, 2014 | by Industrial Distribution Staff | Comments

U.S. operations account for more than half of Wolseley's sales, with the company benefitting from new residential construction markets and growth in market share.                       

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Magnus Mobility Systems Acquires Powers Industrial Group

September 30, 2014 9:43 am | by Magnus Mobility Systems

Magnus, a California-based caster and motion control product supplier, expands to Texas with the acquisition.                                         

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U.S. Consumer Spending Up 0.5 Percent In August

September 29, 2014 12:48 pm | by Martin Crutsinger, AP Economics Writer

About half of the increase was driven by auto sales. It was the best result since spending also expanded 0.5 percent in June.                                   

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New Home Sales Top 500,000 In August, Highest Level Since 2008

September 29, 2014 10:05 am | by National Association of Home Builders

Regionally, new home sales rose 50 percent in the West, 29.2 percent in the Northeast and 7.8 percent in the South.                                       

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Report: U.S. Economy To Maintain Momentum Despite World Of Worries

September 29, 2014 10:01 am | by BMO Financial Group

A new report from BMO Economics notes that while the major economies of China, Japan and Europe are softening, the outlook for the U.S. economy remains on solid ground.                       

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MC Machinery Systems Names New Midwest Regional Manager

September 29, 2014 9:12 am | by MC Machinery Systems

Steve Brown is moving into the role and has more than six years of sales experience with the company.                                           

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Channellock Inc. Appoints New President And COO

September 26, 2014 9:53 am | by Channellock Inc.

Jon DeArment becomes the family's fifth generation to lead the company.                                                   

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Weak Demand, Plentiful Supply Drive Decline In Oil Prices

September 26, 2014 9:47 am | by U.S. Energy Information Administration

The return of Libyan oil production to the market, combined with the weakening outlook for global oil demand, has put downward pressure on prices.                             

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Shorehill Capital Acquires Majority Interest In Belt Power

September 25, 2014 4:04 pm | by Shorehill Capital

The acquisition gives Shorehill Capital a full-service distributor and fabricator of conveyor system components.                                       

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Anixter Connecticut DC Moves To New Location

September 25, 2014 12:15 pm | by Industrial Distribution Staff

The company's distribution center in Manchester, Connecticut has moved to a larger facility seven miles north in South Haven.                                   

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H.B. Fuller Q3 Revenue Up 2.4 Percent

September 25, 2014 10:02 am | by H.B. Fuller Company

An ongoing major European business integration project held the company back from achieving its third quarter revenue goals.                                    

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U.S. Durable Goods Fell Record Amount In August

September 25, 2014 9:24 am | by Martin Crutsinger, AP Economics Writer

Manufacturing production has been a key source of strength for the economy this year, and economists are looking for this to continue.                                 

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36 States See Rise In Construction Employment

September 24, 2014 3:16 pm | by Associated General Contractors of America

Association officials noted that construction activity continues to spread across most of the nation even as employment gains remain uneven by month and state.                          

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Paper And Packaging Prices On The Rise

September 24, 2014 1:06 pm | by IBISWorld

IBISWorld anticipates rising prices for wood pulp and paper will flow on to a number of paper-based packaging products and services.                                 

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Airgas Names New East Region President

September 24, 2014 12:36 pm | by Airgas

Newly-appointed Jack Appolonia served Airgas as Vice President of Construction since 2008.                                             

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Sales Of U.S. New Homes Soar In August

September 24, 2014 10:42 am | by Josh Boak, AP Economics Writer

It's a sign that the real estate market might improve after the rebound from the housing bust stalled during the past year because of sluggish wage growth and rising prices.                      

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ACL Distribution Purchases ACL Bearing Co.

September 24, 2014 10:01 am | by Industrial Distribution Staff

The new company will focus exclusively on manufacturing performance bearings as well as traditional bearings for the car and light truck aftermarket.                             

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KSB Pumps Partners With Canadian Bearings

September 24, 2014 9:44 am | by KSB Pumps

Canadian Bearings will be an additional sales channel for KSB products, especially the Movitec, Eta, and Amarex N series pumps in addition to KSB’s pump service capabilities.                     

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U.S. Cracks Down On Companies Moving Overseas

September 23, 2014 5:26 pm | by Josh Lederman & Jim Kuhnhenn, Associated Press

The Obama administration cracked down Monday on certain overseas corporate mergers and acquisitions, aiming to curb American companies from shifting their ownership abroad to shirk paying U.S. taxes.               

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Bunzl Kansas City Relocates To New, Larger Distribution Center

September 23, 2014 12:10 pm | by Bunzl

The 157,000-square-foot facility is more than 40,000 square feet larger than the branch’s former location.                                         

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Eaton Helps Improve Lighting Efficiency, Performance At Denver Airport

September 23, 2014 11:16 am | by Eaton

Eaton's LED parking garage solutions aim to save the Denver International Airport $6.5 Million over 20 years.                                         

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