Material Handling Systems Acquires Conveyor Assets of TGW
MHS adds certain conveyor assets of TGW Logistics Group to its portfolio.
Material Handling Systems Acquires Conveyor Assets of TGW Read More »
News
SKF Names New President, CEO
Rickard Gustafson appointed to top executive position at Swedish bearings manufacturer SKF.
SKF Names New President, CEO Read More »
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.
Manufacturing Technology Orders Up 1.4% in November Read More »
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.
Hillenbrand to Sell ABEL Pumps to IDEX Read More »
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.
PPG to Acquire Global Coatings Manufacturer Read More »
Amazon Expands in Detroit
Online giant Amazon bringing five new buildings, 2,000 jobs to the metropolitan Detroit area.
Amazon Expands in Detroit Read More »
Global Industrial Unveils New Brand Identity
Global Industrial — a Systemax Inc. subsidiary and MRO distributor — this week announced a refresh for its tagline to better convey company’s mission.
Global Industrial Unveils New Brand Identity Read More »
Heritage Landscape Supply Acquires Ohio Distributor
Texas-based landscape distributor Heritage adds family-owned Wolf Creek Co. to its growing portfolio.
Heritage Landscape Supply Acquires Ohio Distributor Read More »
Wholesale Trade Sales Down 0.2% in November
Wholesale trade shows slight decline from same month in 2019 but up slightly from the previous month of October, according to the latest report from the U.S. Census Bureau.
Wholesale Trade Sales Down 0.2% in November Read More »
Fastener Distributor Index Up in December
The seasonally adjusted Fastener Distributor Index (FDI) for December was 62.6, up from 54.5 in November.
Fastener Distributor Index Up in December Read More »
Motion Industries Breaks Ground on New Facility
The $11.2 million 104,000-square-foot building will house Motion’s area fluid power shop, hose and rubber shop and engineering department.
Motion Industries Breaks Ground on New Facility Read More »
Houston Wire & Cable Completes Sale of Southern Wire
Company unloads Mississippi-based distributor for $20 million in order to reduce debt.
Houston Wire & Cable Completes Sale of Southern Wire Read More »
Advance Report: New Orders for Durable Goods Up 0.9% in November
Increase of manufactured durable goods for the month is the seventh in a row after two decreases during the height of the coronavirus crisis.
Advance Report: New Orders for Durable Goods Up 0.9% in November Read More »
Goods and Services Deficit Up in November
Year-to-date, the goods and services deficit increased $73.6 billion, or 13.9%, from the same period in 2019.
Goods and Services Deficit Up in November Read More »
Atlas Copco Completes Acquisition of Ehrler & Beck
Addition will expand Atlas Copco’s footprint in Germany with the acquisition of the vacuum equipment and services distributor.
Atlas Copco Completes Acquisition of Ehrler & Beck Read More »
SiteOne Landscape Supply Acquires Stone Center of Virginia
Distributor acquires business that operates as two entities — Stone Center of Richmond LLC and Stone Center of Fredericksburg LLC.
SiteOne Landscape Supply Acquires Stone Center of Virginia Read More »
Pandemic Revenue Index Up 21.2%
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Dec. 28, 2020, to Jan. 1, 2021, increased 21.3%, in part because of a favorable comparison with last year’s holiday schedule.
Pandemic Revenue Index Up 21.2% Read More »
HARDI Distributors Report 3.6% Revenue Increase in November
Association also reports that the average annual sales growth for the 12 months through November 2020 for HARDI distributors is 3.2%.
HARDI Distributors Report 3.6% Revenue Increase in November Read More »
MSC’s Sales Down 6.3% in Fiscal 1Q
Profit for industrial distributor MSC plummets 41.5% in the fiscal first quarter ended Nov. 28.
MSC’s Sales Down 6.3% in Fiscal 1Q Read More »
Motion & Control Enterprises Acquires Diversified Air Systems
Motion & Control Enterprises, a portfolio company of the private equity firm Frontenac Co., called the addition of Diversified Air Systems a “natural fit with MCE’s fluid power capabilities.”
Motion & Control Enterprises Acquires Diversified Air Systems Read More »
