Steve Cloud was a lifelong IBT Industrial Solutions employee and is succeeded in the chairman role by his son Jeff.
Latest In Power Transmission/Motion Control/Fluid Power
With production operations in Guadalajara, Mexico, the unit has approximately 600 employees and had 2021 revenues of about $63 million.
Our long-awaited annual rundown of the top distributors across 17 industrial, construction and commercial products sectors is available to view and download.
Wichita-based MEM Industrial is Kansas’ largest U.S. motor stocking distributor.
SBP had acquired two distributors since selling off Bishop Lifting Products early this year.
The Power Transmission Distributors Association will convene for its 2022 Industry Summit in Nashville Oct. 27-29.
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.
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.
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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.
Manufacturer reports a loss of $4.4 million for the quarter.
The acquisition strengthens the companys presence in the Midwest.
Manufacturer reports a profit of $4.2 million for the quarter.
The acquisition provides the ITTs Industrial Process segment with a complementary portfolio.
Significant growth and expansion have created a need for additional salespeople and support.
The newly appointed Board members are Stephen Earley and Michael Groft.
