Sales gains eroded margins as the distribution giant continued spending to drive growth.
NEWS BRIEFS
April 24
09:32
2024
Steelmaker reports double-digit loss for cold finished steel product sales in the opening quarter of 2024.
April 23
21:10
2024
The safety issue involved Tesla's decision to use adhesive instead of fasteners on the accelerator pedal cover. But larger problems loom for the EV manufacturer and its mercurial CEO.
April 22
11:20
2024
Final anti-dumping measures against steel fastener imports from China range from 32.5% - 67.4%.
April 18
21:30
2024
Boeing’s reputation took a significant hit after the January 5 Alaska Airlines 737-9 door plug blowout.
April 18
09:56
2024
Green Bay-based Packer Fastener entered the Kansas City market through its new facility in Olathe, KS.
April 16
16:01
2024
Buying Waukesha, WI-based Trinity Hardware Headquarters bolsters Martin Supply's presence in the Midwest fastening market.
April 15
20:49
2024
Tesla halted all Cybertruck deliveries after discovering a safety issue involving its decision to use adhesive instead of fasteners on the accelerator pedal cover.
April 15
11:21
2024
National industrial products supplier expands in central Oregon after acquisitions in neighboring Washington State.
April 11
10:18
2024
Weak demand and lower fastener pricing, coupled with adverse weather, hurt the company’s performance in the opening quarter of 2024.
April 10
22:14
2024
Westberg holds an master of science in mechanical engineering and has lived and worked in Canada, Germany, and France.
April 09
10:56
2024
Deal increases industrial fastener supplier's market share in rubber sealing products and strengthens its technical components category.
April 08
23:43
2024
“The index and market conditions continue to climb out of the malaise seen throughout most of 2023, with some lingering sources of uncertainty.”
April 08
10:06
2024
Based in the Cleveland area, Jeff Senter will oversee operations in Ohio, Texas, and Wisconsin.
April 05
09:30
2024
The deal marks NEFCO’s sixth acquisition since 2022, expanding its branch network to 39 sites nationwide.
April 03
09:24
2024
Daughter of proud Hispano ranchers, the longtime co-owner of Cordova Bolt was born in an adobe house in 1931. Her first job was herding sheep on the prairie, where she learned to shoot rattlesnakes to protect the flock.
April 02
09:40
2024
DB Roberts is now an authorized stocking distributor for KATO Fastening Systems, including Tangless and Tanged CoilThread inserts.
April 01
20:42
2024
Last year was challenging for automotive fastener manufacturer, which reported a pre-tax loss totaling $5.7 million, while net loss reached $4.4 million compared to a gain of $2.9 million in 2022.
March 31
22:19
2024
He was the former owner/CEO of Security Fastener in Pensacola, FL.
March 28
17:04
2024
Registration is open for the National Fastener Distributors Association’s popular Executive Sales Planning Sessions on June 11-14 at the Omni Las Colinas Hotel in Irving, TX.
