Expansion includes a dedicated purchasing, sourcing, and auditing team to improve quality and service.
NEWS BRIEFS
Former president of the Metropolitan Fastener Distributors Association had 40-year fastener career including 20 years with Mutual Screw & Supply.
Company touted new hire's “long career in the OEM space as both a supply chain and sales leader”.
Executive is seasoned IT leader with over 24 years of experience at a prominent European company, where he directed North American IT operations.
Fastenal Co. reported October fastener sales improved over a 3.3% decline in September.
Revenue growth achieved despite “restricted volumes shipped to the Boeing Company and notably weaker Europe market conditions.”
Executive's experience includes 14 years with Infasco and shorter times with Kimball Midwest and Lawson Products.
Sales, including fasteners, decreased 1.4% in the third quarter of 2024, while net income improved 45%.
Acquisition enables Switzerland's SFS Group to expand its presence in the Midwestern U.S.
Gains “driven by growth in all geographies and included broad-based gains across most customer end markets.”
New rep will cover the territory of Texas, Oklahoma, New Mexico, Arkansas and Tennessee.
Automotive OEM fasteners slipped on weak demand, while Construction Products sales approached double-digit declines in the third quarter.
Aerospace expansion and general industrial growth could not overcome automotive market softness at Stanley Black & Decker's fastener business.
New managing director for Swedish stainless steel fastener manufacturer has over 20 years of global business experience, most recently with motion technology group Schaeffler.
Robert Trembicki brings nearly 34 years of experience in manufacturing and aerospace, including as sales executive for Precision Castparts.
Shanghai fastener manufacturer reported double digit gains during the first nine months of 2024.
Founder Mark Beaty is transitioning to retirement, succeeded by son Craig Beaty.
Union members turned down Boeing’s 35% wage hike offer, extending a strike that has crippled the aircraft manufacturer's commercial production.
The U.S. is hosting the annual plenary meetings of ISO TC 2 (Committee on Fasteners) Oct. 21-25 in Chicago.
“Their vision and leadership ultimately led to Century contributing to the advancement and innovation in Aerospace and Space technology.”