NetPlus Alliance Transitions Ownership
Jennifer Murphy on Jan. 1 took the reins of the buying group from her father, Dan Judge, marking the organization’s fifth generation of family ownership.
Type: News
Manufacturing and Trade Shipments Up in November
The U.S. Census Bureau reported that the combined value of distributive trade sales and manufacturers’ shipments and inventories for November increased 1.5% from the same month last year.
Industrial Production Up 1.6% in December
According to the Industrial Production and Capacity Utilization Report, manufacturing output increased 0.9% during the month; year-to-date industrial production has improved but is still 3.6% below its pre-pandemic level.
Brady Appoints Vice President of Procurement
Brady, a full-line janitorial supply, equipment and foodservice distributor, this week appointed Mark Allen to the newly created position of vice president of procurement
Genuine Parts Promotes William Stengel to President
Stengel previously served as chief transformation officer of the company of Genuine Parts and his background also includes executive roles at HD Supply.
Another Double-Digit Growth Week for Pandemic Revenue Index
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Jan. 4 to Jan. 8 increased 18.4% — the third straight week of double-digit growth and a strong start to the new year.
Bossard Group 2020 Sales Dip 3.3%
Bossard reports that sales in America region were down 7.9% in the year but increased 4.3% in the fourth quarter.
Houston Wire & Cable to Sell Southwest Wire Rope Division
After unloading business in an asset sale, Houston Wire & Cable will use the proceeds to reduce revolver debt
PPG Launches New Business Following Ennis-Flint Acquisition
PPG’s new business unit, Traffic Solutions, will manufacture and supply a broad, global portfolio of pavement-marking products.
Kaman Distribution Group Appoints VP of Business Development
Former Timken exec Chris Henson named to key role for Kaman Distribution’s business development team.
Turtle & Hughes Promotes Four Executives
Electrical and industrial distributor Turtle & Hughes promotes Norman Blumenthal, Billy Wresch, Shiv Singh and Izabela Legocka.
AD Announces 2021 Board of Directors
The member-owners of Wayne, Pennsylvania-based buying group AD elected two new directors and reelected one director to its 2021 LLC board of directors.
HVACR Distributor ABCO Acquired by Daikin
By adding ABCO to its portfolio, Daikin — a manufacturer of heating, cooling and refrigerant products — will bolster its distribution capabilities in the northeast.
Beacon’s COO Stepping Down
Eric Swank will leave the building materials distributor in February after 16 years with the company.
Grainger Announces Two Executive Appointments
MRO distribution giant names Deidra “Dee” Merriwether as CFO and Paige Robbins as SVP and president of the Grainger Business Unit.
Material Handling Systems Acquires Conveyor Assets of TGW
MHS adds certain conveyor assets of TGW Logistics Group to its portfolio.
SKF Names New President, CEO
Rickard Gustafson appointed to top executive position at Swedish bearings manufacturer SKF.
Manufacturing Technology Orders Up 1.4% in November
But new orders placed in November marked a 13.3% decrease from the previous month, according to the most recent U.S. Manufacturing Technology Orders report.
Hillenbrand to Sell ABEL Pumps to IDEX
Manufacturer follows through on plans to exits ABEL business by unloading business to IDEX for $103.5 million.
PPG to Acquire Global Coatings Manufacturer
PPG’s addition of German manufacturer Wörwag will add about €220 million (US$267.6 million) to the company's top line.
