January 2020 - Page 5 of 5 - Modern Distribution Management

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January 2020

Industrial cnc spring making machine

Kaman Corporation Completes Acquisition of Bal Seal Engineering

Leave a Comment / Mergers & Acquisitions, Operations, News /

Kaman Corporation, Bloomfield, Connecticut, has completed the previously announced acquisition of Bal Seal Engineering, Inc., a leader in the design, development, and manufacturing of highly engineered products including precision springs, seals, and contacts. Terms of the transaction were not disclosed. With this acquisition, Kaman has significantly expanded its portfolio of engineered products and offerings while creating new […]

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yellow hard hat, gloves, logo for AD and SafetyNetwork

AD and SafetyNetwork Announce Intent to Merge

Leave a Comment / Mergers & Acquisitions, Operations, News /

AD, Wayne, Pennsylvania, the largest contractor and industrial products wholesale buying group in North America, and SafetyNetwork have announced that the organizations are pursuing a possible merger in the spring of 2020. This partnership would bring together two organizations to create AD’s only safety-dedicated division focused on the growth of independent distributors that specialize in the safety

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HARDI Distributors Report 1.1% Revenue Growth in November

Leave a Comment / Economic Trends, Research & Analytics, Association/Buying Group News, News /

Sales for HARDI distributor members increased by 1.1% during November, according to its monthly TRENDS report. The average annualized sales growth for the 12 months through October 2019 is 5.2%. “The modest sales growth this month is because it was being compared against a fairly good prior year, with about the same number of heating degree days, but one

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December PMI at 47.2%, GDP Growing at 1.3%

Leave a Comment / Economic Trends, Research & Analytics, News /

Economic activity in the manufacturing sector contracted in December, and the overall economy grew for the 128th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply ManagementManufacturing Business Survey Committee: “The December PMI registered 47.2%, a decrease of 0.9% from the

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3M Completes Sale of Advanced Ballistic-Protection Business

Leave a Comment / Mergers & Acquisitions, Operations, News /

3M (NYSE: MMM), St. Paul, Minnesota, has completed the sale of the company’s advanced-ballistic protection business to Avon Rubber p.l.c. for $91 million, before closing and other adjustments. A further contingent consideration of up to $25 million is payable depending on the outcome of pending tenders. Avon Rubber is a provider of advanced chemical, biological, radiological and

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Sandvik Acquires Melin Tool Company

Leave a Comment / Mergers & Acquisitions, Operations, News /

Walter, a division within Swedish manufacturer Sandvik (STO: SAND), has reached an agreement to acquire the privately owned US based company Melin Tool Company, a manufacturer of solid carbide tools. Terms of the acquisition were not disclosed. The acquisition further strengthens Walter’s round tool offering, especially for the aerospace industry and the US channel partner market. “By this

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