November 2011 News

Cologne Prepares for 2012 International Hardware Fair
2,600 exhibitors from 50 countries book space for world's largest tool show, March 4-7 in Cologne, Germany.

Fastenal Signs Supply Deal with Corporate United
Inks four-year contract to supply industrial supplies for $50 billion buying group.

U.S. GDP Grows at 2.0 Percent Annual Rate in Q3 2011
Growth rate improves from 1.3 percent in Q2; is driven by higher personal consumption, nonresidential fixed investment, exports and federal government spending.

Grainger to close 25 branches
Despite an anticipated 11% to 12% sales increase for the year, Grainger told financial analysts that it plans to close 25 branches by the end of December.

IDG co-founder Doug Smith dies
Was recognized as the nation's Outstanding Distributor of the Year in 1994.

New Residential Housing Improves in October
Single family housing permits, starts and completions all climb over September.

STAFDA 2011 Convention Concludes on High Note
Convention and Trade Show in San Antonio draws more than 4,200 industry professionals.

Multiquip Begins Shipping MQ Power Tier 4i Generators
Initial shipments of four Tier 4i models are underway.

Protecta Issues Safety Recall on Lanyards
Potential disconnection hazard has been identified in a limited series of shock absorbing lanyards.

Power Tool Institute Calls for User Comments on Proposed Ruling
CPSC petition seeks to require active flesh detection technology for all table saws.

Ames True Temper Donates More than $660,000 in Tools to Habitat for Humanity
Donation of 25,000 lawn and garden tools will support post-Hurricane Irene and Susquehanna Valley flood response projects in Pennsylvania and New Jersey.

Ryan Companies US, Inc. promotes Mike Ernst to Director of Construction Operations
Fifteen-year Ryan company veteran recently directed Cedar Rapids' flood recovery work.

Louisville Ladder to Unveil New Products at STAFDA
New products include redesigned stage platform, modular guard rail systems and longer extension ladders.

NetPlus Alliance Seeks New VP of Supplier Development
Buying group seeks industry veteran for key management position.

The Home Depot and Home Depot Foundation Accomplish Pledge to U.S. Veterans
$10 Million donated and 320 volunteer projects completed.

Knipex Ratcheting-Action Cable Shears Receive Highest Honor at 2011 NECA
Earns Showstopper award at National Electrical Contractors Association Convention.

Logistics Opens Warehouse In Orlando
Facility opened to serve distributors in Florida and Georgia.

IronPlanet to Host February Auction in Florida
Leader in online auctions brings global marketplace to winter Florida auctions.

Streamlight Announces Q3 Recycling Results
Company and distributors collect more than 3,200 pounds of rechargeable batteries.

Powers Fasteners Continues Expanding in Key Markets
Adds Jeremy Woods to staff serving the Dallas, Texas market.

General Tools Digital Sliding T-Bevel Earns This Old House Top 100 Honor
Selected from thousands as one of best new home products of the year.

Darragh Company Acquires Tool Central
Acquisition adds five locations to Darragh Co.

Construction spending fails to advance in September
$787.2 billion annual rate betters August by just 0.2 percent; YTD figures lag 2010 by 3.5 percent.