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PTDA
Dec 31st, 1969
Dec 31st, 1969
PTDA - October 3-5; Palm Dessert, California
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Awards
Grainger, Fastenal on 'Most Admired' List
Three industrial distributors made the cut, while the parent company of another was included as well, along with numerous electrical distributors and industrial suppliers.
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High-Performance Reciprocating Saw Blades
The Starrett line of 3X Power Bi-Metal Recip Blades includes blades for cutting wood, metal, multiple materials and heavy-duty cutting.
Mergers & Acquisitions
Ohio Transmission Corp. Acquires Laron
Arizona-based Laron providesmechanical and electrical motor repair service to the Southwest US.
Staffing Changes
Evergreen Mktg. to Transition CEOs in 2022
Kevin Higginbotham has been with Evergreen since 1995 and served as its CEO since 2006.
Staffing Changes
EMUGE Appoints National Account Manager
Metalworking industry veteran Scott Lowe now responsible for EMUGE's US and Canada channel partner relations.
E-Commerce
Google Buys Retail Products Lister Pointy
Ireland-based Pointy is known for its hardware device that automatically uploads a retailer's product to a website whenever it is scanned.
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Reduced Rates, Trade Tension to Aid World Growth
The International Monetary Fund foresees world economic growth accelerating from 2.9 percent last year to 3.3 percent in 2020 and 3.4 percent in 2021.
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Signs Point Up for Small Manufacturers
ISM's latest monthly report pointed to a possible end to a decline in manufacturing that brought the industry's activity to its lowest point since the end of the Great Recession.
Company Expansion & Consolidation
Fortive Announces New Industrial Company
Led by former Columbus McKinnon CEO Mark Morelli, Vontier's portfolio includes professional tool brands Gilbarco Veeder-Root, Matco Tools and Teletrac Navman.
Associations
NTMA Announces New President
Roger Atkins, a lifelong member of the National Tooling and Machining Association, takes over leadership of the group as it begins a new decade.
Company Expansion & Consolidation
Sandvik May Close Germany Walter Plant
If closed, production at Walter's Frankfurt plant would be transferred to other units within Sandvik Machining Solutions.
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OSHA Fines WI Valve Supplier $172K
OSHA has cited Milwaukee Valve Company for exposing employees to lead and copper dust and other hazards.
Company Expansion & Consolidation
Timken Renovates AL Gear Repair Facility
The project includes an isolated assembly bay, the addition of a retractable paint booth and a large industrial parts washer.
Economy
Dec. US Housing Construction Jumps 16.9%
Housing construction has been rising since July, helped by falling mortgage rates and increased demand amid historically low unemployment.
