It stems from Motion’s recent $1.3 billion acquisition of Kaman Distribution Group and unites the company’s top-tier fluid power business units.
Latest In Power Transmission/Motion Control/Fluid Power
The distributor of industrial motion, fluid power, flow control, automation and maintenance supplies had sales that neared $1 billion in the quarter and said April's growth was on a similar trajectory.
Solve Industrial Motion Group announced March 31st that is has acquired SST Bearing Corporation, including USA Rollers, Inc.
MDM’s new report, Markets Forecast, offers quarterly revenue projections for the wholesale distribution industry, plus breakouts for select categories, for the current calendar quarter and the next fiscal year. The inaugural Forecast looks at post-pandemic projections for distributors as a whole, plus specific sectors.
MDM’s quarterly survey in partnership with investment banking firm Baird reveals that distributor revenues decelerated sharply in 2Q but not as bad as feared at the beginning of the pandemic shutdown. One consensus among more than 550 participants: Distributors began rethinking the way they manage talent.
Latest investment from Swedish bearing and seal manufacturer will expand current Chinese plant.
The acquisition expands Triad's geographic footprint and makes the Goshen location Triad's twenty-first ParkerStore.
PTDA Foundation survey finds more than three-quarters of respondents have had more trouble hiring this year than in the past.
Workers at the manufacturing operation have been on strike since June 30.
Manufacturer reports a loss of $4.4 million for the quarter.
The acquisition strengthens the companys presence in the Midwest.
The company reported sales for fiscal 2019 were up 11%.
Distributor reports sales gains across all business segments.
Manufacturer reports a profit of $4.2 million for the quarter.
The acquisition provides the ITTs Industrial Process segment with a complementary portfolio.
Higher volume, favorable price/mix and improved manufacturing performance drive the growth.
Sales for Kaman's distribution segment were up 2.5% over the prior-year period.
Profit increased to $4.5 million.
Sales increased 19% during the first nine months.
