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Fastenal Names Third New CEO In 11 Months, Reports Flat Q3

October 13, 2015 | by Mike Hockett, Managing Editor | Comments

Along with another leadership change, the company offset a relatively flat third quarter by promoting a push on hiring, vending, and increasing store count.

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Amazon Announces New IoT Platform

October 12, 2015 3:58 pm | by Andy Szal, Digital Reporter

Last week the e-commerce giant unveiled a new division of its Amazon Web Services operation, called AWS IoT.


Sonepar Appoints New Asia-Pacific President

October 12, 2015 2:58 pm | by Sonepar

In March 2016 Eugene Wu will succeed Keith Moss, who intends to retire, as Asia-Pacific Region President.


U.S. Upholds Honeywell Barcode Patent

October 12, 2015 2:24 pm | by Jon Minnick, Editor

The Patent Trial and Appeal Board determined that petitioner Fujian Newland Computer failed to provide sufficient evidence to demonstrate that the Honeywell-owned patent for Hand Held Products Inc. was invalid.


North American Tool Named IBC's Supplier Of The Year

October 12, 2015 11:17 am | by Mike Hockett, Managing Editor

Cutting tool manufacturer North American Tool received the award at Industrial Buyers Consortium's National Meeting Oct. 4 in Rosemont, IL.


U.S. Wholesale Stockpiles Rise In August, But Sales Fall

October 12, 2015 10:12 am | by Josh Boak, AP Economics Writer

Sales weakened as the broader economy began to cool in August, hampered in large part by the risks of a worldwide deceleration in economic activity.


Crude Oil Bill Could Benefit Shipping Companies, But Passage Uncertain

October 12, 2015 9:51 am | by Andy Szal, Digital Reporter

A controversial bill to allow exports of American crude oil also includes a perk for large shipping companies.


Report: Manufacturing Skills Gap Could Hit 2M Jobs By 2025

October 12, 2015 9:49 am | by Andy Szal, Digital Reporter

Analysis estimates that 2 million of the 3.5 million jobs needed in manufacturing by 2025 could remain vacant.


Würth Group Adds Des Moines Bolt

October 12, 2015 9:39 am | by Mike Hockett, Managing Editor

The acquisition further expands Würth's business west of the Mississippi River, gaining the company locations in Iowa, Missouri, and Nebraska.


Sonepar's World Electric Supply Names New President

October 9, 2015 9:56 am | by Sonepar USA

Pat McClure, current SVP and GM of Hagemeyer North America/Industrial Distribution Group, will take over leadership of World Electric effective Dec. 31.


Fastenal Acquires Spokane's Fasteners Inc.

October 9, 2015 9:41 am | by Mike Hockett, Managing Editor

With an expected 2015 revenue of approximately $36 million, Spokane, WA-based Fasteners Inc. has 13 locations across Washington, Idaho, Oregon, and Montana.


Fastenal To Pay $1.25 Million To Settle Hiring Discrimination Lawsuit

October 8, 2015 5:08 pm | by Mike Hockett, Managing Editor

The company was charged with discrimination in hiring practices against African-Americans and female job applicants in Indianapolis and Atlanta.


3M Names New EVP Of Electronics & Energy Group

October 8, 2015 9:53 am | by 3M

Effective immediately, Jim Bauman replaces Michael Kelly, who will retire. Bauman is currently 3M's SVP of Business Transformation, Americas.


WESCO International COO Retiring At End Of Year

October 8, 2015 9:15 am | by WESCO International

Per WESCO's efforts to streamline its management structure, Van Oss' position as COO and senior vice president will not be filled.


CapitalTristate Names New Area Manager

October 7, 2015 1:20 pm | by CapitalTristate

Jim Glenny will lead and direct sales teams in Capital Tristate's Hagerstown, MD area.


Industrial Supplier S. L. Fusco Names Regional Managers

October 7, 2015 11:07 am | by S.L. Fusco

Abrasives, metalworking, MRO and safety products distributor S.L. Fusco has restructured its management team to align with market expansion throughout California, Airzona, and Nevada.


NY's Jackson Welding & Gas Acquires Delo Welding

October 7, 2015 10:19 am | by Jackson Welding & Gas

The addition further strengthens Jackson’s position as compressed gas and welding supply distributor in Upstate New York.


Hyde Industrial Blade Solutions Embraces Warehouse Solar Power

October 7, 2015 10:03 am | by NetPlus Alliance

Hyde has installed a solar array on the roof over its shipping and warehouse buildings, which it expects to generate 15-20 percent of its electricity that will help run its office, plant facilities, and equipment.


Armstrong Industrial Hand Tools Realigns Brands, Celebrates 125 Years

October 6, 2015 2:51 pm | by Armstrong Industrial Hand Tools

Campbell chain, JOBOX tool storage, GearWrench, Crescent hand tools, and others will now be positioned in the industrial market as part of the Armstrong Industrial Hand Tools offering, which encompasses 15,000 products and 10 brands.


Eaton Showcases Latest Fluid Power, Filtration Solutions At Annual Distributor Meeting

October 6, 2015 2:21 pm | by Eaton

Eaton revealed its new CLS Sectional Mobile Valves, an enhanced PowerSource mobile app and website, the latest Compressed Natural Gas hose products, and a new Variable Speed Drive pump solution that can provide up to 70 percent energy savings.


Kaman To Buy Timken Alcor Aerospace Technologies

October 6, 2015 1:31 pm | by Mike Hockett, Managing Editor

TAAT, with annual sales of approximately $20 million, will become part of Kaman's Specialty Bearings & Engineered Products division.



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