Triad Technologies, Vandalia, Ohio, a distributor of fluid power and automation products, has acquired Day Fluid Power, Goshen, Indiana, an authorized distributor of Parker Hannifin fluid connector and pneumatic products. More.
North American buying group AD, Wayne, Pennsylvania, has added Insite Software, a leading provider of B2B eCommerce Solutions to its complement of eCommerce platform providers. More.
Fastenal Co., Winona, Minnesota, reported sales of $1.38 billion for its fiscal third quarter, a 7.8% increase compared with same period a year ago. Quarterly profit was $213.5 million, an 8% increase compared to the year-ago period. Sales for the first nine months of Fastenal’s fiscal 2019 were $4.06 billion, an 8.7% increase compared with the first nine months of 2018. Profit for the first nine months increased 5% to $612.2 million. More.
3M, St. Paul, Minnesota, has completed the acquisition of Acelity, Inc. and its KCI subsidiaries worldwide from a consortium comprised of funds advised by Apax Partners, together with controlled affiliates of the Canada Pension Plan Investment Board and the Public Sector Pension Investment Board for a total enterprise value of approximately $6.7 billion, including assumption of debt and other adjustments. More.
PPG Industries, Pittsburgh, reported sales for the third quarter of $3.8 billion, up 0.2% from the same period a year ago. Profit decreased 2.9% to $367 million. For the first nine months, sales were $11.5 billion, down 1.7% year-over-year. Profit for the period was $951 million, down 12.2% from the prior year. More.
Textron, Providence, Rhode Island, reported total revenues of $3.3 billion for the third quarter of 2019, up 1.6% compared with the third quarter of 2018. Profit for the third quarter fell $563 million in 2018 to $220 million. More.
Snap-on Inc., Kenosha, Wisconsin, reported sales for the third quarter of $901.8 million, an increase of 0.4% from the prior year. Profit increased 1.1% to $169.2 million. For the first nine months, sales were $2.8 billion, down 0.5% over the prior-year period. Profit increased 3.7% to $536.2 million. More.
United Rentals, Inc., Stamford, Connecticut, reported sales of $2.5 billion for the third quarter, up 17.6% compared to a year ago. Earnings were $391 million, up 17.4% compared with a year ago. For the first nine months sales grew 19.2% to $5.9 billion. Profit increased 6.4% to $836 million. More.
Genuine Parts Co., Atlanta, reported third quarter sales of $5 billion, up 6.2% from the previous year. Profit increased 3.3% over the year to $227.5 million. Sales for the first nine months for Genuine Parts were $14.7 billion, an increase of 4.3% over the same period in 2018. Profit decreased 1.8% to $612.2 million. More.
HVAC distributor Watsco Inc., Miami, reported third quarter sales of $1.4 billion, up 8% year-over-year. Profit increased 2.9% to $99.7 million. For the first nine months, sales were $3.7 billion, up 4% over the same period a year ago. Profit grew 1.5% to $251.4 million. More.
Paris, France-based electrical distributor Rexel reported sales for the third quarter of €3.4 billion (US$3.8 billion), up 3.3% from the same period a year ago. On a constant, same-day basis, sales were up 0.9%. For the first nine months, total group sales were up 3.6% to €10.2 billion (US$11.4 billion). On a constant, same-day basis, sales were up 2.1%. More.
Gardner Denver Holdings has named Emily A. Weaver as senior vice president and CFO. More.
Winsupply Inc. has named Eric Roush to vice president, Supply Chain. More.