Cascade president Tom Boline will lead sales for the structural market throughout Field’s footprint and the Pacific Northwest industrial market.
HEADLINES
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.
Carmen Vertullo is celebrated for his contributions to the fastener industry as an engineer, consultant, teacher, and mentor.
“Fastener market conditions and the industrial economy in general continued to be soft but slightly better... in August.”
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.
Deal vertically integrates and strengthens Houston-based Lamons’ portfolio of fastening solutions.
Bob Miller will replace current Fasteners GM Keith Shope, who is preparing to retire as BlackHawk retools its fastener division leadership.
Monthly fastener sales at Fastenal Co. continue to seesaw amid weaker industrial production and lower pricing.
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.
Deal marks “a significant milestone in its strategic expansion plans to serve manufacturers headquartered throughout the greater Midwest and Atlantic regions.”
“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.
Weak industrial product and lower pricing continued to hurt the company’s fastener sales but the rate of decline slowed.
“2023 may be remembered as the first ‘normal’ year since 2019 in terms of supply chain conditions and escalating inflation,” according to Modern Distribution Management.
Deal to buy Pennsylvania-based Circle Bolt & Nut (CBN) from Optimas OE Solutions expands AFC's market reach in the Eastern U.S.
Fastenal Co. reported fastener sales dropped to 30.8% of overall sales in May, nearly doubling April’s rate of decline.
U.S. President Joe Biden imposed tariffs on $18 billion worth of goods, tripling the tariff on Chinese steel and aluminum to 25%.
Founded in 1955, Greater Detroit-based ND Industries manufactures adhesives, sealants and thread-locking technologies for fasteners and assemblies.
Orders for automotive nuts have rebounded to more than 70% of pre-recession levels, “although the recovery is relatively slow,” Fastener World magazine reports.
LISI Group and Watch-Out have partnered to develop a disruptive AI solution for fully autonomous machining that is now operational.
Doug Ruggles: “I don’t know anyone who has had a broader impact on the industry driving professionalism, growth, and a commitment to giving back.”