Global Fastener News

NEWS BRIEFS

FDI Decelerated in October

November 14
15:02 2019
    FDI Decelerated in October

“Sales trends were slightly improved on an unadjusted basis, but the seasonal-adjustment factor drove the sales index down (month-to-month),” according to R.W. Baird analyst David Manthey.

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Classified: Industrial Skin Craft

November 14
08:57 2019

Rivet nuts are designed to provide strong load-bearing threaded connections in thin gauge materials, or ‘skins,’ when threading is not an option.

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2020 Fastener Fair USA Includes Conferences & Tour

November 13
22:49 2019

The third Fastener Fair USA will be May 18-20, 2020, in Charlotte.

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Chicago Rivet Fastener Sales Decline

November 13
12:18 2019

Sales hurt by “particularly weak” sales to automotive customers “due to the global economic slowdown impacting many foreign countries.”

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Strandquist: Prepare In Advance to Sell Your Company

November 06
17:44 2019
    Strandquist: Prepare In Advance to Sell Your Company

Some owners have started “hot” to sell and went “cool” upon realizing their lives would change to “counting dollars and clipping coupons” after leaving the distributorships they built, Marc Strandquist told National Fastener Distributors Association members.

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Bufab Acquiring American Bolt & Screw

November 06
09:05 2019
    Bufab Acquiring American Bolt & Screw

Founded in 1946, Ontario, CA-based ABS distributes fasteners and C-class components in North America.

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Arconic Fastener Segment Sales Rise

November 05
12:14 2019

Third-quarter results included 8% organic gain “driven by aerospace engine, defense and commercial transportation growth.”

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Bader: Changing Verbiage Can Change Your Company

November 03
22:39 2019
    Bader: Changing Verbiage Can Change Your Company

Jason Bader suggested to the Pacific-West Fastener Association that the warehouse should be referred to as “the vault.”

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US Tariff Exemption Process Includes Chinese Nuts

October 31
16:44 2019
    US Tariff Exemption Process Includes Chinese Nuts

The new exclusion request process indicates U.S. tariffs on Chinese fasteners and other products are unlikely to be removed or reduced for at least the next 12 months.

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Rosengarth Succeeds Chaibi At Optimas

October 31
09:16 2019
    Rosengarth Succeeds Chaibi At Optimas

Optimas Solutions credited outgoing CEO Anesa Chaibi with leading “significant change throughout the company and created a strong culture of mutual respect, collaboration and innovation with employees, customers and our supply partners.”

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Simpson Mfg. Reports Sales Growth

October 29
13:13 2019

Sales in North America rose 10.7% due to “increased sales volume and higher average product prices.”

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MSC Direct Sales Inch Up

October 27
16:22 2019

MSC Industry Supply Co. reported sales, including fasteners, rose 0.6% to $842.7 million in the fiscal 2019 fourth quarter ended September 1.

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ITW Fastener Segments Revenue Drops

October 25
15:04 2019

“While the demand environment continued to moderate across a broad cross section of our portfolio, we delivered another solid quarter with excellent operational execution,” stated CEO E. Scott Santi.

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OBITUARY: Joe Greenslade

October 24
19:47 2019
    OBITUARY: Joe Greenslade

Highly respected in the fastener industry, Greenslade began his 45-year fastener career in 1970 working for various fastener manufacturers before founding dimensional measuring devices manufacturer Greenslade and Co. in 1978. He sold the company in 2007 and began working as technical director for the Industrial Fasteners Institute, a position he called his “dream job.” 

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Stanley Engineered Fastening Sales Drop

October 24
14:28 2019

The company said “fastener share gains were offset by inventory reductions and lower production levels within automotive and industrial customers.”

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Ship & Shore Building Factory in China

October 23
14:34 2019

”With China now taking the essential steps needed to master its pollution crisis, our technical expertise will be a tremendous help for China in accelerating its ongoing progress."

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Earnest Machine Adds Sales & Marketing Personnel

October 23
11:54 2019

Founded in 1948, Earnest Machine is a global importer, distributor and manufacturer of large diameter and hard-to-find fasteners.

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Nucor Cold Finished Steel Sales Drop

October 22
11:57 2019

Nucor Corp. reported cold finished steel sales, including results from Nucor Fastener, fell 18% to 116,000 tons in the third quarter of 2019.

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Sherex Partners With G.L. Huyett

October 22
11:38 2019

Sherex Fastening Solutions LLC named G.L. Huyett a master distributor of Sherex Blind Rivet Nut Inserts and Rivet Nut Installation tools to “enrich the supply chain of the OEM fastener distribution market.”

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Packer Fastener Wins ‘Exemplary Employer Award’

October 15
12:33 2019
    Packer Fastener Wins ‘Exemplary Employer Award’

Award given by the Wisconsin Department of Workforce Development for recruiting and hiring people with disabilities.

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