Quick Hits:

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Nov 28th, 2017

In this week's Quick Hits episode, ID editor Mike Hockett recaps

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I Stock 1154460110

Study: Transition from Corded to Cordless Positively Shaping Assembly Fastening Tools Market

The global assembly fastening tools market value is expected to hit $4 billion by 2027, with the move to cordless products as a big driver. See insights from a new market report here.

Genuine Parts Appoints former HD Supply Facilities Maintenance Head as Chief Transformation Officer

William Stengel, who spent 11 years in various executive roles at HD Supply, including more than a year as CEO of its Facilities Maintenance segment, has joined the leadership team at GPC.

Jan San Micrositeaa

Makita Expands into Jan/San Industry

With an expanding product offering for janitorial and sanitation use, Makita launches a new microsite delivering product information, video and more.

Kaman Distribution

Kaman Distribution Appoints Former ERIKS Leader Mondics as CEO

As the new leader of Kaman Distribution Group, Ben Mondics most recently served as president and CEO of ERIKS North America and has 35 yrs of experience in the field of industrial distribution.

ISA Names Vice President of Strategic Initiatives

Brendan Breen will help build strategies, facilitate planning sessions and drive change activities to enhance ISA’s value and competitiveness for its members.

PTDA's PT WORK Force Raises Almost $280K in 2019 Contributions

The PTDA Foundation initiative provides recruitment and retention tools and resources to power transmission/motion control companies.

In this June 12, 2019 file photo, General Motors employees work on the chassis line as they build the frame, power train and suspension onto the truck's body at the Flint Assembly Plant in Flint, MI.

GM Strike Pushes October Industrial Production Down 0.8%

The Federal Reserve said Friday that manufacturing output tumbled 0.6% last month, largely because production of cars and auto parts plunged 7.1%.

Grainger Donates $100K to Folds of Honor, Doubling Commitment to Military Families

At twice the amount of Grainger's 2018, the donation will fund 20 STEM scholarships of $5,000 each to military families nationwide.

SBP's Bishop Lifting Products Acquires Louisiana Crane & Electrical Services

The SBP Holdings Subsidiary adds a regional manufacturer of overhead cranes and mechanical handling solutions.

Wiborg Becomes 1st Man to Join W.I.S.E. Advisory Council

Stellar Industrial Supply CEO John Wiborg is the first male on ISA's Women Industrial Supply Executives Advisory Council in W.I.S.E.'s 12-year history.

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.