Van Meter Industrial bolsters power transmission business

Van Meter Industrial, Waterloo, Iowa, has invested in IDC-USA, a member-owned purchasing and national marketing cooperative of distributors in the industrial bearing and power transmission markets. The move will give Van Meter Industrial access to a 200,000 power and transmission products, bearing and related supplies from a network of 65 suppliers, according to a Dec. 11 report published in the Waterloo Cedar Falls Courier. IDC-USA has 200 independent distribution members.

In other news at the company, a Dec. 14 report in the Sioux City Journal said Van Meter Industrial has opened a new $2 million office and warehouse in Sioux City, Iowa, that stocks $1.5 million in inventory and has a drive-through warehouse so customers can pick up products without leaving their vehicles.