The "softening" in demand seen at the end of 3Q resulted in a 4Q that fell short of expectations. Read more in the latest MarketPulse report.
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Crescent Electric has appointed Tom Fechter to Senior Director of Industrial Sales, a newly created position within the company.
The PPE supplies and adhesives maker experienced slower-than-expected fourth-quarter growth in consumer-facing markets.
The Gaffney plant, which once employed more than 200 workers, had seen its employment numbers dwindle over the years.
Kirby-Smith will sell, service and rent Thompson Pump products in Oklahoma and Texas as part of the deal.
Based in Lysaker, Norway, Hybrid Energy AS is a provider of high-temperature energy management solutions.
After reaching its highest total in three years in October, U.S. cutting tool consumption fell in November, but increased year-over-year.
The acquisition of Industrial Service Products expands Ohio-based Triad's presence in Illinois.
DeeTag is a manufacturer and distributor of hydraulic hose and fluid power connections.
Descartes' purchase includes potential performance-based consideration.
The acquisition is expected to close in the first quarter of 2023.
The drop in factory orders followed three consecutive monthly increases.
PJ Wiseman has been a distribution partner of Morse for over 30 years.
Year-to-date orders for manufacturing technology orders dropped below 2021 for the first time in 2022, according to AMT's latest monthly report.
Marc Strandquist has joined the industrial distributor as EVP of its Fastening Solutions Division.
Sonepar is off to a fast start in 2023, having already made two acquisitions in the new year.
The cuts are nearly double the 10,000 layoffs Amazon said it was targeting in November.
After its offers to buy all of SPX Flow were rejected, Ingersoll Rand has instead acquired the company's air treatment business.
Masonite and Endura have been partners for more than 25 years in the door industry.
