Global Fastener News

HEADLINES

Portland Bolt Expands South Carolina Production

November 26
15:15 2024
    Portland Bolt Expands South Carolina Production

Oregon-based fastener manufacturer building a $4.3 million East Coast production facility expected to create 21 new jobs.

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Taiwan Fastener Exports Closing Gap with China

November 26
14:02 2024
    Taiwan Fastener Exports Closing Gap with China

Taiwanese fastener exports to the U.S. (its largest market) dipped a mere 0.31% in September, while fastener exports to Europe grew 14%, according to Fastener World.

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FDI Growth Slows in October

November 26
13:02 2024
    FDI Growth Slows in October

Despite moderation, the Fastener Distributor Index reading “still meaningfully marks the second highest monthly FDI reading in 2024.”

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Endries Int’l Acquires Assembly Fasteners

November 26
11:50 2024
    Endries Int’l Acquires Assembly Fasteners

Deal for Apopka, FL-based AFI strengthens Endries' presence in Florida, North Carolina, Georgia, Tennessee, and Texas.

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EC Probing Headless Screws

October 25
14:45 2024
    EC Probing Headless Screws

Anti-dumping probe scrutinizing Chinese screws and bolts, whether or not with their nuts and washers, without heads.

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FINdex Rebounds in 3rd Quarter

October 25
13:35 2024
    FINdex Rebounds in 3rd Quarter

The FIN Fastener Stock Index recovered in the third quarter of 2024 as “production at U.S. factories surged in August amid a rebound in motor vehicle output.”

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Fastenal Fastener Sales Slip in September

October 25
10:31 2024
    Fastenal Fastener Sales Slip in September

By end market, overall sales to heavy manufacturing customers improved 1%, while sales to all other manufacturing customers increased 7.5%.

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FDI Jumps to Highest Level of 2024

October 25
10:22 2024
    FDI Jumps to Highest Level of 2024

Sales, employment, and customer inventories rose in September as supply chains improved, the Fastener Distributor Index found.

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Field Acquires Cascade Bolt

September 24
15:34 2024
    Field Acquires Cascade Bolt

Cascade president Tom Boline will lead sales for the structural market throughout Field’s footprint and the Pacific Northwest industrial market.

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National Machinery Celebrates 150 Years

September 24
13:56 2024
    National Machinery Celebrates 150 Years

Founded in 1874 by William Anderson, the company relocated from Cleveland to Tiffin, OH, where it continues to find global success in advanced cold forming technology.

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Vertullo Named to Fastener Hall of Fame

September 24
11:44 2024
    Vertullo Named to Fastener Hall of Fame

Carmen Vertullo is celebrated for his contributions to the fastener industry as an engineer, consultant, teacher, and mentor.

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FDI Rebounds On Sales & Deliveries

September 24
10:56 2024
    FDI Rebounds On Sales & Deliveries

“Fastener market conditions and the industrial economy in general continued to be soft but slightly better... in August.”

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FDI: Fastener Market Conditions Softened in July

August 28
18:09 2024
    FDI: Fastener Market Conditions Softened in July

Fastener Distributor Index (FDI) fell below 50 for the first time since January, with several participants seeing signs of a broader slowdown beyond just seasonal weakness.

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Lamons Buys Auge Industrial Fasteners

August 28
14:03 2024
    Lamons Buys Auge Industrial Fasteners

Deal vertically integrates and strengthens Houston-based Lamons’ portfolio of fastening solutions.

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BlackHawk Names New Fastener Division GM

August 28
13:14 2024
    BlackHawk Names New Fastener Division GM

Bob Miller will replace current Fasteners GM Keith Shope, who is preparing to retire as BlackHawk retools its fastener division leadership.

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Fastenal Fastener Sales Continue Sinking

August 28
12:58 2024
    Fastenal Fastener Sales Continue Sinking

Monthly fastener sales at Fastenal Co. continue to seesaw amid weaker industrial production and lower pricing.

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FINdex Drops On Lower Manufacturing

July 26
14:44 2024
    FINdex Drops On Lower Manufacturing

Facing ongoing headwinds in U.S. manufacturing economic activity, only two FIN Fastener Stock Index companies — both aerospace suppliers — achieved stock price gains in the second quarter.

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Great Lakes Acquires Superior Components Supply

July 26
13:40 2024
    Great Lakes Acquires Superior Components Supply

Deal marks “a significant milestone in its strategic expansion plans to serve manufacturers headquartered throughout the greater Midwest and Atlantic regions.”

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June FDI Softens Amid ‘Pre-Election Jitters’

July 26
11:47 2024
    June FDI Softens Amid ‘Pre-Election Jitters’

“Neither guy is going to do our industry any favors,” a U.S. fastener distributor explained as survey results revealed fastener market conditions worsened in June.

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Fastenal Fastener Sales Strengthened in June

July 26
09:06 2024
    Fastenal Fastener Sales Strengthened in June

Weak industrial product and lower pricing continued to hurt the company’s fastener sales but the rate of decline slowed.

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