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Oct 17th, 2018
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Company Expansion & Consolidation
Ingersoll Rand Introduces Future Climate Company
The new company is the result of the combination of IR's separated Industrial Segment and Gardner Denver, of which the remaining IR assets will become Trane Technologies.
Staffing Changes
Columbus McKinnon CEO to Resign
CM chairman Richard Fleming will become interim CEO upon Mark Morelli's departure.
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Warehouse Solutions Increase Worker Productivity
Zebra Technologies has announced a series of new warehouse offerings designed to optimize workflows, maximize productivity in the warehouse and improve employee onboarding.
Mergers & Acquisitions
Habasit Acquires S. Korea Distribution Partners
Namil Belt Industrial Co. and Korea Belt Services now consolidate as one company under the Habasit Korea umbrella.
Business Technology
How CRM 'Light' Can Help Your Salespeople Close Deals
PipelineDeals co-founder JP Werlin explains how using the right software can result in a faster sales cycle
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North American Trade Pact: What's in It?
The announcement agreement likely enables congressional approval of Trump’s US-Mexico-Canada Agreement, though pockets of resistance remain.
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How the Trade War Will Affect Holiday Shopping
A recent report put the cost for the average household at $1,000 a year once the newest tariffs take effect.
Staffing Changes
PPG Appoints New Industrial Segment Head
Robert King is now responsible for leading the company’s industrial segment global manufacturing, supply chain, engineering, asset management and continuous improvement.
Earnings
HD Supply Q3 Sales Up 2%
The company's two segments — Facilities Maintenance, and Construction & Industrial — had essentially equal sales and performance.
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US Productivity Edges Down 0.2% in Q3
It was the first quarterly drop since the fourth quarter of 2015.
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Incumbent CEOs with New CFOs Earn More
Researchers studied 20+ years of data from S&P 1500 firms and found CEOs took home an average of 10% more compensation when working with a CFO who was hired after them.
Mergers & Acquisitions
PVF Distributor The Macomb Group Acquires Richburg Supply Company
Sterling Heights, MI-based The Macomb Group has acquired fellow PVF distributor Smith Metal & Supply, which does business as Richburg Supply Company.
Staffing Changes
Shively Bros. Selects New Executive Management Team
Marty Kenney will retire as president on Dec. 13, and the company has made a chain of internal promotions to move forward with.
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US Gains a Robust 266,000 Jobs
The November unemployment rate dipped to 3.5%, matching a half-century low, and wages rose a solid 3.1% compared with a year earlier.