The company reported a slight increase in sales to $1.1 billion, driven by acquisitions, offset by mixed demand trends.
Latest In Power Transmission/Motion Control/Fluid Power
PTDA and BSA expanded PIE, a product information platform for industrial manufacturers and distributors, to 32 offerings.
Year-over-year sales and profit continued to slide at Motion, reflecting challenges in the industrial sector.
PTDA strengthened its support for distributors in the power transmission sector with the addition of ComInTec, UNIMEC and BearingBank.
IDCO strengthened its network and offerings with new partnerships in fluid power, industrial hose and marine solutions.
A 30-year company veteran — most recently a regional manager — succeeds former VP of Sales Dave Humphry.
TIPCO enters the Midwest market and enhances its customer base by partnering with Illinois-based Alliance Hose & Rubber.
MCE expands its footprint in the upper Midwest U.S. with three ParkerStore locations in North Dakota, South Dakota and Montana.
PTDA expands its membership, enhancing its network with a focus on growth and innovative solutions in the distribution industry.
The report reveals advancements in sustainability reflecting the company’s commitment to its business values.
The promotions are for the distributor's western U.S. and west coast sales regions.
The partnership expands TIPCO’s onsite hydraulic and industrial hose services in the U.S.
Canada-based Ficodis expands its Northeastern U.S. footprint with the acquisition of Berliss Bearing Company.
It expands TIPCO's North American footprint to 34 locations across 16 states.
Motion expanded its service capabilities by opening a new repair shop in Houston, enhancing support for industrial customers in the region.
BSC expands its customer base with the acquisition of bearings and power transmission distributor Warren Pike.
The distributor’s full-year total sales increased 1.5% year-over-year, while 4Q sales remained flat.
Motion broadens its position in eastern Canada with the acquisition of Canada-based LSI and its sister company.
Gross margin and adjusted EBITDA likewise both improved year-over-year.
Timken expands further into the automation and robotic solutions field, after acquiring Cone Drive in 2018, Spinea in 2022 and CGI in 2024.
