Hartman Independent Company, Canonsburg, Pennsylvania, a distributor of fastening and packaging solutions, has acquired the assets of Levy Paper Company, Morgan, Pennsylvania. Levy Paper is a leading distributor of industrial packaging products with expertise in the engineering of specialty pressure-sensitive tapes. The goal of the purchase is for both Levy Paper and Hartman customers to be better served by expanding inventory of materials and products. More.
The Macomb Group Inc., Sterling Heights, Michigan, has acquired the operations of Smith Metal & Supply, Inc. d/b/a Richburg Supply Company, Richburg, South Carolina, a distributor of pipe, valves and fittings to industrial customers. More.
Fastenal Co., Winona, Minnesota, reported November sales of $413.1 million, up 0.7% over the year-ago period. The company reported daily sales of $20.7million, up 5.7% versus a year ago. By region, U.S. sales grew 4.6% in November. By end market, manufacturing sales grew 7.5% while non-residential construction grew 5%, the company said. More.
The North American Building Material Distribution Association has named the 2019 NBMDA award recipients at the 2019 NBMDA Annual Convention. The recipient of the NBMDA Growth Award is Jeff Takac of Milesi Wood Coatings in Charlotte, North Carolina. The recipient of the NBMDA President’s Award is Missy O’Daniel. Missy O’Daniel, from Web-Don, Inc. in Charlotte, NC, served as president of NBMDA from 2018-2019. More.
STAFDA member distributors elected new leadership during the association’s 43rd Annual Convention & Trade Show in Nashville in November. Greg Hughes, president and owner of Kinnunen Sales & Rentals, Stillwater, Oklahoma, took over as STAFDA president. Brian Gersten, owner of On Time Supply, Suffern, New York, was elected STAFDA vice president. More.
Sales for HARDI distributor members increased by 3% during October, according to its monthly TRENDS report. The average annualized sales growth for the 12 months through October 2019 is 6.1%. More.
Lyman Companies, a leading provider of building products, services and expertise in the Upper Midwest, has named Charlie Bradburn as president. Bradburn joined Lyman Companies in 2009 and most recently served in the role of vice president. More.
Werner Electric Supply, Appleton, Wisconsin, a business-to-business distributor of electrical materials, services and solutions, has promoted Craig Wiedemeier as its first-ever chief operating officer. In Wiedemeier’s previous role as vice president of operations, he led the company’s move to its new corporate headquarters and regional distribution center in 2016. More.
Summit Electric Supply, Albuquerque, New Mexico, has named Patrick Davis as president and CEO. Davis will work closely with Victor Jury, Jr, executive chairman, through the transition and going forward. More.
Essendant Inc., Deerfield, Illinois, has promoted Guy Unterberg to the role of senior director of vertical markets. More.
The Industry Data Exchange Association, Inc. Board of Directors announced that CEO and President Paul Molitor will step down in December for personal reasons. Molitor has held the post since 2014 and the search for a new executive is expected to conclude in the first half of 2020. More.
New orders for manufactured goods in October, up following two consecutive monthly decreases, increased $1.4 billion or 0.3% to $497.0 billion, according to the U.S. Census Bureau. This followed a 0.8% September decrease. Shipments, up following three consecutive monthly decreases, increased less than $0.1 billion or virtually unchanged to $500.2 billion. This followed a 0.4% September decrease.
Unfilled orders, up three of the last four months, increased $1.0 billion or 0.1% to $1,164.3 billion. This followed a virtually unchanged September decrease. The unfilled orders-to-shipments ratio was 6.67, down from 6.70 in September. Inventories, up 10 of the last 11 months, increased $0.9 billion or 0.1% to $698.8 billion. This followed a 0.3% September increase. The inventories-to-shipments ratio was 1.40, unchanged from September. More.
Total nonfarm payroll employment rose by 266,000 in November, and the unemployment rate showed little changed at 3.5%, according to the U.S. Bureau of Labor Statistics. Notable job gains occurred in health care and in professional and technical services.
Manufacturing employment rose by 54,000 in November, following a decline of 43,000 in the prior month. Within manufacturing, employment in motor vehicles and parts was up by 41,000 in November, reflecting the return of workers who were on strike in October. More.
The goods and services deficit was $47.2 billion in October, down $3.9 billion from $51.1 billion in September, revised, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.
October exports were $207.1 billion, $0.4 billion less than September exports. October imports were $254.3 billion, $4.3 billion less than September imports.The October decrease in the goods and services deficit reflected a decrease in the goods deficit of $3.7 billion to $68.0 billion and an increase in the services surplus of $0.2 billion to $20.8 billion.
Year-to-date, the goods and services deficit increased $6.9 billion, or 1.3%, from the same period in 2018. Exports decreased $0.8 billion or less than 0.1%. Imports increased $6.1 billion or 0.2%.
Exports of goods decreased $0.8 billion to $136.1 billion in October. Exports of services increased $0.3 billion to $71.1 billion. Imports of goods decreased $4.5 billion to $204.1 billion in October. Imports of services increased $0.1 billion to $50.2 billion. More.
The Chicago Fed National Activity Index fell to -0.71 in October from -0.45 in September. Two of the four broad categories of indicators that make up the index decreased from September and all four categories made negative contributions to the index in October. The index’s three-month moving average, CFNAI-MA3, moved down to -0.31 during October from -0.21 in September.
The CFNAI Diffusion Index, which is also a three-month moving average, was up to -0.22 in October from -0.245 in September, Twenty-seven of the 85 individual indicators made positive contributions to the CFNAI in October, while 58 made negative contributions. Thirty-four indicators improved from September to October, while 49 deteriorated and two were unchanged, Of the indicators that improved, 20 made negative contributions. More.
Economic activity in the manufacturing sector contracted in November, and the overall economy grew for the 127th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.
The November PMI registered 48.1%, a decrease of 0.2% from the October reading of 48.3%. The New Orders Index registered 47.2%, a decrease of 1.9% from the October reading of 49.1%. The Production Index registered 49.1%, up 2.9% compared to the October reading of 46.2%. The Backlog of Orders Index registered 43%, down 1.1% compared to the October reading of 44.1%. The Employment Index registered 46.6%, a 1.1% decrease from the October reading of 47.7%.
The Supplier Deliveries Index registered 52%, a 2.5% increase from the October reading of 49.5%. The Inventories Index registered 45.5%, a decrease of 3.4%s from the October reading of 48.9%. The Prices Index registered 46.7%, a 1.2% increase from the October reading of 45.5%. The New Export Orders Index registered 47.9%, a 2.5% decrease from the October reading of 50.4%. The Imports Index registered 48.3%, a 3% increase from the October reading of 45.3%. More.
Construction spending during October 2019 was estimated at a seasonally adjusted annual rate of $1,291.1 billion, 0.8% below the revised September estimate of $1,301.8 billion, according to the U.S. Census Bureau. The October figure is 1.1% above the October 2018 estimate of $1,277.4 billion. During the first 10 months of this year, construction spending amounted to $1,086.5 billion, 1.7% below the $1,105.2 billion for the same period in 2018. More.
Acuity Brands Inc., Atlanta, has acquired LocusLabs, Inc., a leading indoor mapping and location platform. The LocusLabs software platform supports navigation applications used on mobile devices, web browsers and digital displays in airports, event centers, multi-floor office buildings and campuses. Visitors employing LocusLabs’ software can easily search, explore and navigate large, complex indoor spaces. More.
Avery Dennison Corp., Glendale, California, has agreed to acquire Smartrac’s Transponder (RFID Inlay) Division, Amsterdam, the Netherlands, for the purchase price of €225 million (US$249.2 million), subject to certain closing and post-closing adjustments. The division is a leader in the development and manufacture of RFID products, with 2019 estimated global revenue of €125 million (US$138.4 million). More.
Protective Industrial Products, Inc., Latham, New York, a leading supplier of hand protection and general safety products, has acquired the assets of the Boss Glove and Safety business from the Boss Manufacturing Company, headquartered in Kewanee, Illinois. More.
Hillenbrand, Inc., a global diversified industrial company that makes and sells premium business-to-business products and services for a wide variety of industries, has named Andrew Kitzmiller as its vice president, chief accounting officer and controller. More.
Bearings manufacturer NN Inc., Johnson City, Tennessee, has named Chris Qualters as executive vice president of Life Sciences, effective immediately. Qualters was previously executive vice president of the Company’s Power Solutions group. Qualters succeeds Robbie Atkinson who, by mutual agreement with the Company, is leaving NN to pursue new endeavors. More.
Barnes Group Inc., Bristol, Connecticut, an international industrial and aerospace manufacturer and service provider, has named Stephen Moule to the position of senior vice president, Barnes Group Inc. and president, Barnes Industrial, effective immediately. More.
Johnson Controls, a global leader in building technologies and solutions, is growing its presence in Southeast Asia with appointments of senior leadership to increase the company’s foothold in the region’s smart buildings market. More.