North American buying group AD, Wayne, PA, the member owned buying/marketing group, announced today the merger with IDI Independent Distributors Inc., effective April 1st, 2019. IDI brings 107 independent industrial Canadian distributors with over 364 locations into the AD family. AD also welcomes 21 new employees and a distribution center located in Mississauga, Ontario as part of the transaction. More.
Motion Industries, Birmingham, AL, a subsidiary of Genuine Parts Company, has agreed to acquire Axis New Englandand Axis New York, Danvers, MA, an automation and robotics company. More.
Endries International, Brillion, WI, a distributor of fasteners and related production components, has acquired Industrial Products Company, Lynchburg, VA. More.
Airgas Inc., Radnor, PA, an Air Liquide company and supplier of industrial, medical and specialty gases, said it will acquire TA Corporate Holdings, Inc., an independent distributor of industrial gases and welding supplies. More.
Winsupply Inc., Dayton, OH, has acquired Baron Distributors, a wholesaler-distributor of irrigation products in four locations in west Texas and New Mexico. More.
Merfish Pipe & Supply Co.on Feb. 1 acquired United Pipe & Steel, combining under Merfish Pipe Holdings. The entity is majority owned by One Equity Partners. The deal creates the largest master distributor of standard pipe products in the United States, according to Gerald Merfish, chairman of MPH. More.
Ferguson Enterprises, Newport News, VA, the largest plumbing distributor in the U.S., has acquired Kitchen Art, Coral Springs, FL. More.
Illinois-based distributor Jon-Don has acquired Quest Building Products, an Anaheim, CA, based distributor of concrete surface prep products, equipment and service. More.
Palmer Johnson Power Systems, Sun Prairie, WI, has acquired Mill Log Equipment Co., Inc. and Mill Log Wilson Equipment Ltd. from Twin Disc, Inc. The acquisition, which will close on March 4, encompasses all Mill Log assets, territory rights and inventory. More.
Safety product supplier Protective Industrial Products, Inc., on Wednesday announced its intent to acquire West Chester Protective Gear. Established in 1978, Cincinnati-based West Chester provides personal protective equipment to both the industrial and retail channels. More.
Building products distributor ABC Supply Co. Inc., Beloit, WI, has opened a branch in Gloucester, VA, giving the company 25 locations throughout the state. More.
Descartes Systems Group, Waterloo, Ontario, has acquired the businesses run by the Management Systems Resources Inc. group of companies operating under the Visual Compliance, eCustoms and MSR (collectively, Visual Compliance). Descartes previously announced the signing of the definitive agreement to acquire Visual Compliance on January 28, 2019. More.
Electronic components distributor Arrow Electronics Inc., Centennial, CO, celebrated its 40th anniversary as a New York Stock Exchange-listed company. More.
Industrial gases distributor Praxair Inc., Danbury, CT, said it will expand production capacity at its Neosho, MO, air separation plant. More.
Ohio Transmission Corporation, an industrial equipment service provider and distributor headquartered in Columbus, Ohio, has acquired Filter and Coating Technology, Inc., Grand Rapids, MI, an industrial distributor of finishing, dispense solutions and filtration products. More.
Winsupply Inc., Dayton, OH, has opened four new companies: Winsupply of El Paso, TX, Winsupply of San Antonio, TX, Winsupply of Frederick, MD, and Winsupply of North Canton, OH. More.
SRS Distribution has opened three new Greenfield locations in the Southeastern United States. These sites include Chipley, FL, Jacksonville, NC, and Summerville, SC. More.
Sales for HARDI distributor members increased by increased by 3.6 percent in December, according to the monthly TRENDS report. The average annualized growth for the 12 months through December 2018 is 11.4 percent. More.
Genuine Parts Co., Atlanta, GA, reported 2018 sales of $18.7 billion, up 14.7 percent from the previous year. Profit increased 31.5 percent over the year to $810.5 million. Sales for the fourth quarter for Genuine Parts were $4.6 billion, an increase of 9.4 percent over the same period in 2017. Profit increased 72.2 percent. More.
NOW Inc., Houston, TX, reported fourth-quarter sales of $764 million, up 14 percent compared with the fourth quarter of 2017. Net income was $16 million for the quarter, compared with a loss of $3 million a year ago, the company said. For the full year, the distributor reported $3.13 billion, up from $2.65 billion last year. The company reported net income of $52 million for the year. More.
Fastenal Co., Winona, MN, reported January sales of $446.9 million, up 13.3 percent over the year-ago period. The company reported daily sales of $20.3 million, also up 13.3 percent versus a year ago. More.
Cardinal Health, Dublin, OH, reported second-quarter fiscal year 2019 sales of $37.7 billion, up 7 percent compared with the same period a year ago. More.
MRC Global Inc., Houston, TX, reported sales for 2018 of $4.2 billion, an increase of 14.6 percent from the previous year. The company reported a profit of $50 million, as compared to $26 million in 2017. Fourth-quarter sales were $1 billion, an increase of 11.7 percent from the same period the previous year. The company reported a profit of $4 million, down from $29 million the prior-year period. U.S. sales in the fourth quarter were $778 million, up 8.8 percent. Canadian sales in the fourth quarter were $79 million, up 11.3 percent. International sales in the fourth quarter were $152 million, up 29.9 percent. More.
Beacon Roofing Supply Inc., Herndon, VA, reported sales of $1.72 billion for the first quarter of 2019, up more than 50 percent compared to the year-ago period. The company reported a net loss of $893,000. More.
Pentair plc, Manchester, UK, reported sales for 2018 of $3 billion, up 4.2 percent year-over-year. Profit was $347.4 million, down 47.9 percent over a year ago. Fourth quarter sales were $740.5 million, up 2.7 percent year-over-year. Profit was $92.9 million, down 51 percent over a year ago. More.
North American buying group AD, Wayne, PA, reported an 11 percent increase in member sales across 12 divisions in 2018, for a total of $41.1 billion in sales. Purchases from AD suppliers grew 13 percent, the group said. More.
Industrial distributor MSC Industrial Supply Co., Melville, NY, has received a patent from the United States Patent and Trademark Office covering a technology system and business process to help its customers document various inventory and operational cost savings achieved through use of MSC's services. More.
The fourth quarter 2018 Sales History & Outlook Report released by the Power Transmission Distributors Association indicates the average PTDA distributors’ index for total sales during 4Q18 was 5.4 percent higher compared to 2017. PTDA manufacturers’ index annual average was also strong, up 7.3 percent year over year in December. Leading indicators suggest the Index annual average will decline mildly in 2019. More.
Rubix, Europe’s largest industrial distributor, has won a three-year contract with Owens Corning’s European businesses, covering eight countries. Rubix will help standardize the mechanical components used in Owens Corning’s plants with the intent of streamline sourcing processes, improving productivity and increasing the efficiency of working capital, the company says. More.
Multinational plumbing and heating products company Ferguson plc has appointed Tom Schmitt to its Board of Directors as a non-executive director, effective February 11, 2019. More.
All Integrated Solutions, Franksville, WI, a division of MSC Industrial Supply Co., has named Nick Ruetz as its president. Nick Ruetz is currently chief operating officer for AIS. As part of a planned transition, Jim Ruetz will be stepping down as chief executive officer of AIS, effective April 5, 2019. More.
SunSource, Addison, IL, a fluid power and motion control distributor in the U.S. and Canada, has announced the retirement of United Distribution Group, Inc. President and CEO, Darrell H. Cole, effective February 15, 2019. More.
Fortive Corp., Everett, WA, has named Jeannine Sargent as a director by the Board of Directors. Sargent has also been named to the Compensation Committee of the Board. More.
WESCO International Inc., Pittsburgh, PA, said that Sandra Beach Lin will retire from the company’s Board of Directors when her term expires May 30, 2019. More.
Avnet Inc., Phoenix, AZ, has announced two executive leadership changes. MaryAnn Miller, senior vice president, chief human resources officer and global marketing & communications, has been promoted to chief administrative officer. More.
Owens & Minor Inc., Richmond, VA, has named Edward A. Pesicka president and chief executive officer, effective March 4, 2019. More.
Manufacturing sales declined for the third consecutive month, down 1.3 percent to $56.4 billion (US$42.4 billion) in December on lower sales of petroleum and coal products, according to new data from Statistics Canada. More.
Canadian municipalities issued $8.8 billion (US$6.7 billion) worth of building permits in December, up 6 percent from November and the fourth consecutive monthly increase, according to new data from Statistics Canada. The gain was largely due to higher construction intentions for multi-family dwellings and commercial buildings, with both components hitting record highs. More.
The U.S. goods and services deficit was $49.3 billion in November, as exports and imports both decreased, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce. The previously published October deficit was $55.7 billion. The goods deficit increased $4.2 billion in July to $73.1 billion. The services surplus decreased $0.1 billion in July to $23.1 billion. More.
Pentair plc, London, UK, a leading water treatment company, has acquired Pelican Water Systems for $120 million in cash, subject to customary adjustments. Headquartered in DeLand, FL, Pelican Water Systems has 79 employees and provides residential whole home water treatment systems. More.
National Oilwell Varco Inc., Houston, TX, reported fourth-quarter sales of $2.4 billion, an 11 percent increase compared with the fourth quarter of 2017. Net income was $12 million, compared with a loss of $14 million in the year-ago period. More.
USG Corp., Chicago, IL, reported full year sales for 2018 of $3.3 billion, a 4 percent increase from the previous year. Profit was $196 million, up 123 percent over the previous year. For the fourth quarter, sales decreased 1 percent year-over-year to $819 million. Profit was $42 million, up 161 percent over the previous year's quarter. More.
Pump and compressor manufacturer Gardner Denver reported $713 million in revenues for the fourth quarter of 2018, up 7 percent over the prior-year period. Net income was $95 million, compared with $144 million a year ago. By segment, fourth-quarter industrial sales rose 8 percent to $338 million while energy segment sales rose 4 percent to $307 million and medical segment sales rose 17 percent to $68 million. For the full year, total company sales reached $2.7 billion, up 13 percent compared with 2017. Net income for the year was $269 million, the company reported. More.
The Timken Co., Canton, OH, reported fourth-quarter sales of $910 million, up 17 percent compared with the year-ago period. The company reported $60 million in profit for the quarter. Timken said the fourth-quarter sales increase was driven by continued growth across most end markets, as well as the favorable impact of acquisitions and pricing, partially offset by unfavorable currency. More.
Gates Industrial Corporation plc, Denver, CO, reported fourth-quarter sales of $792.1 million, up 1.3 percent over the year-ago period. Quarterly net income was $75.6 million. For the full year 2018, Gates reported sales of $3.35 billion, up 10 percent year-over-year. Net income was $245.3 million. More.
Snap-on Inc., Kenosha, WI, reported sales for 2017 of $3.7 billion, a 1.5 percent increase from the previous year. Profit increased 21.7 percent to $696.2 million. Sales for the fourth quarter were $952.5 million, a 2.3 percent decrease year-over-year. Profit increased 34.6 percent to $179.3 million. More.
Barnes Group Inc., Bristol, CT, has appointed Patrick Hurley to senior vice president and chief technology officer, effective immediately. More.
Johnson Controls, in partnership with Johnson Controls-Hitachi, is expanding its focus on its Applied Systems business to customers in Taiwan, the company said. More.