Motion Industries, Inc., a wholly owned subsidiary of Genuine Parts Company, announced that it acquired Hydraulic Supply Company (HSC). Execution of the transaction was completed on October 1, 2018. 

Headquartered in Broken Arrow, Oklahoma, BlackHawk is a leading distributor of cutting tools, abrasives and industrial MRO products used in manufacturing, aerospace & defense, energy, auto aftermarket, construction, general industrial, medical and agriculture applications. 

AD, the contractor and industrial products wholesale buying / marketing group, announced the completion of the transition of ownership from AD’s long-time Chairman & CEO, Bill Weisberg, to the buying group’s distributor members.

Two-thirds of business economists in the U.S. expect a recession to begin by the end of 2020, with trade policy presenting the greatest risk to the expansion, according to a new survey reported by Bloomberg. So you can keep the panic button under lock and key.

OSHA cited Cedar Fair LP – which operates as Cedar Point – for failing to protect workers from fall hazards after an employee suffered serious injuries at its Sandusky, Ohio, amusement park. The company faces proposed penalties of $142,270 for one willful and one serious safety violation, the maximum penalties allowed under the law.

The agency remains in a state of flux as of mid-October. Scott Mugno, the nominee to be OSHA’s top boss, still has not been confirmed. The chief of staff position is vacant. There are no senior advisors. One of two deputies is missing. Four regional administrators are in temporary “acting” roles. 

No doubt the U.S. economy is in a boom, according to the Federal Reserve Bank of St. Louis. The Conference Board reports the highest levels of job satisfaction in more than a decade. The ratio between the unemployment level and the number of job vacancies is at its lowest level in a half-century