January 3, 2020 - Modern Distribution Management

January 3, 2020

Industrial cnc spring making machine

Kaman Corporation Completes Acquisition of Bal Seal Engineering

Kaman Corporation, Bloomfield, Connecticut, has completed the previously announced acquisition of Bal Seal Engineering, Inc., a leader in the design, development, and manufacturing of highly engineered products including precision springs, seals, and contacts. Terms of the transaction were not disclosed. With this acquisition, Kaman has significantly expanded its portfolio of engineered products and offerings while creating new […]

Kaman Corporation Completes Acquisition of Bal Seal Engineering Read More »

yellow hard hat, gloves, logo for AD and SafetyNetwork

AD and SafetyNetwork Announce Intent to Merge

AD, Wayne, Pennsylvania, the largest contractor and industrial products wholesale buying group in North America, and SafetyNetwork have announced that the organizations are pursuing a possible merger in the spring of 2020. This partnership would bring together two organizations to create AD’s only safety-dedicated division focused on the growth of independent distributors that specialize in the safety

AD and SafetyNetwork Announce Intent to Merge Read More »

air conditioning units on the roof of a tall building

HARDI Distributors Report 1.1% Revenue Growth in November

Sales for HARDI distributor members increased by 1.1% during November, according to its monthly TRENDS report. The average annualized sales growth for the 12 months through October 2019 is 5.2%. “The modest sales growth this month is because it was being compared against a fairly good prior year, with about the same number of heating degree days, but one

HARDI Distributors Report 1.1% Revenue Growth in November Read More »

people working with lumber on a manufacturing floor

December PMI at 47.2%, GDP Growing at 1.3%

Economic activity in the manufacturing sector contracted in December, and the overall economy grew for the 128th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply ManagementManufacturing Business Survey Committee: “The December PMI registered 47.2%, a decrease of 0.9% from the

December PMI at 47.2%, GDP Growing at 1.3% Read More »

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