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In The News:

Industrial Distribution

Kennametal Names CFO

Company names Jan Kees van Gaalen as vice president and CFO.
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ISA Distributor, Manufacturer Growth Slows in July

The Distributor Index decreased to 62.2 and the Manufacturer Index decreased to 53.1.
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Motion Industries to Acquire Lake Erie Abrasive & Tool

Purchase broadens company's abrasives services.
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Hisco Makes Executive Appointments

Company names vice presidents and zone managers of the Southeast, Midwest and West.
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Stanley Black & Decker Sells 2 Companies

Company divests Stanley Security España S.L. and Stanley Security Italia S.r.l.
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Pentair to Acquire ERICO

Acquisition broadens company's product offering.
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Veritiv Sales Up 62.7% in 2Q

On a pro forma basis, second quarter sales decreased 6.4 percent.
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Grainger Sales Down 1% in July

U.S. segment sales were up 1 percent year-over-year.
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Warren Buffett Bolsters Industrial Portfolio

Berkshire Hathaway's purchase of Precision Castparts largest in company history.
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Ohio Transmission Acquires Buckeye Pumps

Buckeye Pumps will operate as a division of OTP Industrial Solutions.
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