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August 2024 News

ORBIS Hosts 2024 Community Giving Reception
ORBIS Corporation held its annual Community Giving Reception on August 22 to celebrate and honor the services that nonprofit organizations provide to area communities.

Diablo Unveils Tech Rich Double-Sided Resuable Sandpaper Solution
Diablo Tools has raised the bar for the sanding industry with its new Sand Demon Double-Sided Reusable Hand Sanding Sheet.

Festool Amps Up Router Accessories
Festool has announced its router accessories focus which will be running from Sept. 1-22.

Ace Reports Record Second Quarter Revenue Results
Ace Hardware Corporation reported a 3.1% increase in revenue for the second quarter of 2024.

U.S. New Home Sales Climb 10.6% for Month in July
Average sales price runs $514,800.

Lincoln Electric Broadens Technology Platform with  Vanair Acquisition
Lincoln Electric, a manufacturer of advanced welding and cutting solutions, has acquired Vanair, a manufacturer of mobile power solutions. The purchase price was reported as $116 million.

DEWALT Survey Reveals Tool Investment Hinders Entry into Trade Careers
A survey of tradespeople conducted by DEWALT, a Stanley Black & Decker brand, found that 78% agree that the initial buy-in cost of tools was a barrier to getting started in their career.

Diamond Products Adds Josh Headings as Surface Prep Sales Specialist
Diamond Products has announced the addition of Josh Headings as its new surface prep sales specialist, which will enhance the company’s Core Prep product line.

DICA to Debut New Ground Protection Solutions at Equip Expo 2024
DICA, an Iowa-based producer of outrigger and crane pads, will showcase its wide range of engineered ground protection mats and site access products at Equip Expo 2024 from Oct. 15-18 at the Kentucky Exposition Center in Louisville, Kentucky.

Simpson Strong-Tie Announces Creation of New Digital Solutions Role
Simpson Strong-Tie has promoted Scott Lang to the newly created role of vice president, market development for residential digital solutions.

OTR Executive Director Retires
Sandro Pagliarulo, managing director of Canada and Europe operations for OTR Engineered Solutions (OTR), has announced his retirement from the company, effective October 10, 2024.

Canadian Equipment Dealers Association Approves Merger with AED
The Canadian Equipment Dealers Association (CEDA) Board of Directors has ratified a membership vote to merge with Associated Equipment Distributors (AED). The merger is expected to be a seamless transition and is set to be finalized by Nov. 1.

WHITE PAPER: Tsurumi's Motor Cooling Solutions Meets Various Dewatering Needs
Tsurumi Pump’s motor cooling engineering is at the heart of its products’ reliability and longevity. The company’s designs enable users to address specific applications and conditions, ensuring maximum performance.

Channellock Honors Wisconsin School as Sixth Annual Trade-Up Winner
Channellock, Inc. announced this year’s Trade School Trade-Up Competition winner, the industrial education program at Central Wisconsin Christian School.

Topcon Positioning Systems Appoints New CEOTopcon Positioning Systems has announced that Ray O’Connor, president and chief executive officer, will retire in September 2025 after over three decades of leadership.

Viega Creates an Industry First with New Transition Couplings
Viega is the first U.S. press fitting manufacturer to offer a press coupling to join dissimilar materials that can be used in commercial, residential, and industrial applications.

Exclusive: How to Forge Long-term Partnerships
Before you push to close the sale, start by building a bit of trust. 

Builder Confidence Moves Lower as Market Waits for Rate Cuts
A lack of affordability and buyer hesitation stemming from elevated interest rates and high home prices contributed to a decline in builder sentiment in August.

Bobcat Completes $3.26M Renovation of Georgia Material Handling Facility
Bobcat Company recently completed a $3.26 million renovation at its Buford, Georgia facility, home to Bobcat’s North American material handling sales, service, marketing, parts, and logistics departments.

Festool Introduces First-to-Market ExoActive Exoskeleton
Festool, has unveiled a new tool that sets new standards for work on overhead tasks.

PrimeSource Brands Expands Portfolio with Acquisition of Cobra Anchors
PrimeSource Brands has expanded its portfolio of specialty building products with the acquisition of Cobra Anchors, a manufacturer of branded hollow-wall, universal, and masonry anchors.

Ridgid Launching NXT Max Accessory Line
Ridgid is launching a new customizable 2 1/2-inch diameter accessory program ideal for heavy-duty, wet-/dry shop vacs and cleanup.

End of Summer Deals with MAX USA Corp.'s Exciting Tool Promo
Special discounts on MAX’s renowned SuperFinisher and SuperStapler tools.

Diablo Expands AMPED Carbide Teeth Reciprocating Saw Blade Line
Diablo Tools has expanded its AMPED carbide teeth reciprocating saw blade line with three new blades specifically designed for pruning/clean wood, nail-embedded wood, and thin metal conduit.

Streamlight Names Kesler Western RSM
Streamlight, Inc. has announced the appointment of Scott Kesler, as regional sales manager for the Industrial/Fire Division for the West Coast territory.

Contractor Confidence Drops in July, ABC Says
Confidence among construction contractors about sales, profit margins, and staffing levels is at its lowest levels since November 2022 according to surveys taken by the Associated Builders and Contractors.

ASV Unveils Yanmar-Powered VT-75 CTL 
ASV has unveiled the VT-75 Posi-Track compact track loader.

Minnesota Recognizes Malco Tools Safety Policies
Malco Tools, a Minnesota-based tool manufacturer earned two of the state’s top safety awards.

ASTM Publishes New Standard for Installation of Press-Connect Joints 
ASTM International recently published ASTM B1029, a new standard for installation of press-connect joints with seamless copper and copper alloy tube and press fittings.

Titan Unveils Next Generation Handheld Sprayer
Titan has introduced its next generation sprayer, the FlexSpray Pro 18V, a cordless multi-tool that delivers the power and control of HVLP in one versatile sprayer.

Equip Expo Exhibit Space Sells Out
Trade show offers latest outdoor power equipment and business solutions for landscapers, contractors and dealers.

U.S. Construction Spending Trends 8.6% Ahead of 2024 in June
However, all categories lag May 2024 levels. 

MSA Safety and optrel Partner on New Powered Air-Purifying Respirator Technology in North America
New Optrel Helix Pure Air PAPR and Clearmaxx PAPRs are coming to North America. 

Mule-Hide Territory Manager Marshall Powell Relocates to Central Florida
Powell has managed Mule-Hide's Houston territory since 2012.

J. J. Keller and Juno Jones Announce Collaboration to Provide Safety Footwear
Juno Jones makes award-winning safety footwear with roots in the trucking industry.

John Deere Cuts 300 Positions at Corporate Headquarters
Approximately 300 employees at John Deere’s corporate headquarters in Moline, Ill. were added to the growing list of layoffs enacted by the agricultural and construction equipment manufacturer in recent months.

Briggs & Stratton Appoints Third CEO in Four Years
Milwaukee-based engine and generator manufacturer Briggs & Stratton recently announced the appointment of its third chief executive officer in four years.

ABC: Nonresidential Construction Employment Increases in July, But Recession Looms
Industry slowdown appears to be already underway. 

Metabo HPT Introduces 3 New Pro Bundles
Limited-time bundles include a popular pneumatic nailer and a bonus cordless Metabo HPT 18V Triple Hammer Bolt Impact Driver.

Exclusive: The Importance of a Well-Crafted PTO Policy
A good paid time off (PTO) policy can be a powerful employee retention tool.