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Fortive Names New Global Industrial Company

Fortive Corp. (NYSE: FTV), Everett, Washington, has announced that the name of the new global industrial company which is expected to separate from Fortive later this year will be Vontier Corporation. Vontier will focus on transportation and mobility markets and will be comprised initially of a portfolio of leading retail and commercial fueling, fleet management, and […]

Grainger Announces Leadership Change in Online Business

Grainger (NYSE: GWW), Chicago, has announced that David Rawlinson, senior vice president and president, Grainger Online Business, will be leaving the company effective February 1, 2020, to become the CEO of a newly formed public company. Rawlinson joined Grainger as Vice President, Deputy General Counsel and Corporate Secretary in 2012, and progressively expanded his experiences, taking on leadership of […]

WESCO International and Anixter International Announce Merger

WESCO International, Inc. (NYSE: WCC), a leading provider of electrical, industrial, and communications MRO and OEM products, construction materials, advanced supply chain management and logistics services, and Anixter International Inc. (NYSE: AXE), a leading global distributor of Network & Security Solutions, Electrical & Electronic Solutions, and Utility Power Solutions, today announced that their boards of directors have unanimously […]

Elkay celebrates 100 years

Elkay was founded in Chicago in 1920 by Chairman of the Board of Directors Ron Katz’s grandfather, Leopold Katz, a carpenter by trade, and Ellef Robarth, a tinsmith. They met while working for Litterer Brothers Mfg. Co., a company that supplied sinks. Together they founded Elkay (a mashup of their two names), bringing together their […]

Manufacturing Employment Fell by 12,000 in December

Total nonfarm payroll employment rose by 145,000 in December, and the unemployment rate was unchanged at 3.5%,according to the U.S. Bureau of Labor Statistics. Notable job gains occurred in retail trade and health care, while mining lost jobs. Manufacturing employment was down by 12,000. Employment in the industry changed little in 2019, growing by 46,000, after increasing in 2018 by 264,000. […]

Motion Industries Names VP of Central Group

Motion Industries, Birmingham, Alabama, a subsidiary of Genuine Parts Company (NYSE: GPC), has named Chris Pacer to vice president of the company’s newly formed Central Group. Pacer has more than 24 years of experience within the industry and has spent the last 22 years with Motion Industries, which were dedicated to various key roles throughout the organization. 

ORS Nasco and MEDCO Name President & CEO

ORS Nasco, a wholesaler of industrial and safety supplies, and MEDCO, a wholesale distributor of automotive aftermarket tools and collision repair products, have named Kevin Short as president and CEO. The two companies were acquired by One Equity Partners from Essendant in October 2019. Most recently, Short was president of Plaskolite, a global leader in plastic sheet manufacturing […]

Imperial Dade Acquires American Paper & Plastics

Imperial Dade, Jersey City, New Jersey, a national distributor of disposable food service and janitorial supplies, has acquired American Paper & Plastics, City of Industry, California, a distributor of foodservice and janitorial products. Terms of the transaction were not disclosed. The acquisition strengthens Imperial Dade’s California presence while enhancing the company’s differentiated value proposition to customers […]

Winsupply Acquires Plumbing and Heating Distributor

Winsupply Inc., Dayton, Ohio, has acquired Rosen Supply, Tacoma, Washington, a plumbing and heating wholesale distributor in the western Washington State region. Details of the asset purchase were not disclosed. Rosen Supply has six locations serving the Greater Puget Sound region including five distributor branches, two of which have showrooms, and a standalone showroom. The three showrooms are […]

The Goods and Services Deficit Decreased in November

The goods and services deficit was $43.1 billion in November, down $3.9 billion from $46.9 billion in October, revised, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. November exports were $208.6 billion, $1.4 billion more than October exports. November imports were $251.7 billion, $2.5 billion less than October imports. The November decrease in […]

Foundation Building Materials Acquires Associated Drywall Suppliers

Foundation Building Materials Inc, (NYSE:FBM) Tustin, California, has acquired Associated Drywall Suppliers, Inc., an independent distributor of drywall, metal framing and suspended ceiling systems serving the greater Louisville, Kentucky market. Terms of the transaction were not disclosed. “The addition of Associated builds our residential market presence, and complements our existing commercial footprint in Louisville, Kentucky,” […]