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Oct 17th, 2018

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Fastener I Stock

October Fastener Distributor Index Shows Continued Slowdown

The index fell nearly four percentage points from September, though was still in expansion territory.

DXP Enterprises Posts Decelerated Q3 Sales, But Still Solid Growth

Sales were down sequentially and slower than Q2, but still up a healthy 6.2 percent year-over-year, along with increased profits.

Total Safety Acquires Pacific Coast Tool to Expand Power Utility Segment

Pac Coast will operate and be integrated under Total Safety’s specialty distribution business unit, which operates under the S&S Supplies and Solutions brand that Total Safety acquired this past summer.

Columbus Mc Kinnons

Columbus McKinnon to Close Ohio Plant as Q2 Sales Fall 4%

The company said it will be closing its Lisbon, OH factory and consolidating its operations into CM's facilities in Virginia and North Carolina.

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PipelineDeals Sponsors Industrial Supply Association's IMR 2.0 Business and Planning Conference

Independent manufacturing representatives to utilize sales pipeline enablement tools to gain industry certification.

Hunt Valve Company Acquires Pima Valve

Salem, OH-based Hunt Valve, which specializes in valve engineering and production serving the U.S. Navy and industrial customers, has acquired Chandler, AZ-based Pima Valve.

Fowler High Precision Announces New President

The 73-year-old supplier of inspection, leveling, control and calibration equipment has appointed a Patrick Madigan as its president, adding 20 years of executive experience to its leadership team.

Triad Technologies

Fluid Power Distributor Triad Technologies Privately Acquired by Shorehill Capital

Headquartered in Vandalia, OH, Triad is a value-added distributor of industrial fluid power and automation solutions.

ERIKS-Owned Industrial Controls, Rawson to Host 2019 Automation & Controls Symposium

Now in its eighth year, the Automation & Controls Symposium is a learning and networking event for professionals in the infrastructure, power plant, water, transportation, and building automation industries.

Fastenal Posts 4.3% October Sales Growth; Was 13% in January

While the company's October growth is still positive, it's a long ways from the consistent double-digit growth the company saw throughout 2018.

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Metalworking distributor AHB Tooling & Machinery Announces New Director of Business Development

Bringing 40 years of metalworking industry experience with him to AHB, Greg Galli will also oversee growth efforts surrounding AHB’s integrated supply program.

Wajax Q3 Industrial Parts Sales Rise 2.4% Year-over-Year

Wajax' Industrial Parts segment had a modest year-over-year increase, but a larger sequential decrease from Q2.

DNOW's Q3 Sales Fall 9% Year-Over-Year

DNOW noted that even after integrating two acquisitions during Q2, it reduced its total headcount and branch count during Q3.

In this Nov. 5, 2019 file photo, an electronic card with ballot information is seen inserted in a voting machine in Dallas, GA.

Unknowns about 2020 Election Make Some Businesses Cautious

Presidential election years can be tough on small and mid-sized businesses — they tend to cut their spending when they're uncertain about what lies ahead.