Global Fastener News

Fastener Companies: More Damage To Employee Homes Than Businesses

October 02
14:52 2017

Fastener companies in the Houston and Florida hurricane paths reported more damage to employee homes than to businesses.

Here is a sampling of responses from Hurricanes Harvey in Texas and Irma in Florida.

• Naples, Florida was particularly hit hard by Hurricane Irma, but Distributor’s Link Magazine and Aluminum Fasteners Supply Company remained dry. Link publisher Leo Coar had evacuated to Virginia and sales & marketing director Tracey Lumia to West Palm Beach. They remained away for nearly two weeks because their homes and the Link office didn’t have power. Web: LinkMagazine.com

• “We dodged quite the bullet here in Tampa,” stated Joanne Bialas, sales & marketing VP at International Fasteners Inc. based in Tampa. “We had to close early on that Friday and remained closed on Monday but no damage to our building.” Web: daggers.com

• Aerospace fastener supplier KLX Inc. reported the company’s operations were “modestly” impacted by Hurricanes Harvey and Irma that hit Texas and Florida.

The Aerospace Solutions Group Segment’s Miami headquarters and distribution facility sustained “minimal damage” and resumed normal operations on September 18 after having been shut down on September 8. Operations at the company’s Energy Services Group Segment, which is headquartered in Houston, were also down for about one week.

“While it is too early to estimate the financial impact these storms may have had on our business, we do not expect it to have a material impact on our financial results for the third quarter,” stated CEO Amin Khoury. Web: klx.com

• Southwestern Fastener Association executive director John Elsner reported he hadn’t heard of any major damage to fastener business operations among SFA member companies, though some employee homes were flooded.

• Tifco Industries Inc. VP Aron Austin noted the Houston facility is “very high and we never expect a flood to affect our facility. We never lost power or had to engage our generators.”

Tifco did close for two business days because “most of our employees could not get to work or were dealing with their own storm issues,” Austin told GlobalFastenerNews.com.

“By Saturday of that week and because of the tremendous effort by Tifco’s internal staff we are current with all orders,” Austin declared.

“Our outlook for business continues to be very positive and our annual growth continues,” Austin added. “Since we are a national company the business loss was minimal considering our entire market area.” Web: tifco.com

• “One in 10 employees had flooded homes,” The Nut Place general manager Vernon Achgill told GlobalFastenerNews.com.

“Missed three days, and lost productivity in several others,” Achgill added. But beyond the distributorship, Achgill noted that “many customers are slow to get ramped back up, but they will.” Web: thenutplace.com

• Cable tie manufacturer American Elite Molding reported its Crestview plant in the Florida Panhandle “never lost power and remained fully staffed.” 

“We stand ready to help with recovery efforts in any way we can,” American Elite posted on its website. VP of corporate development Barbara Mitchell was headed out with a team from Career Source to South Florida to help. Web: AmericanEliteMolding.com

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