After 42 years, Mark Shannon has retired as President of a Tower Fasteners Co., an MSC company.
Moving forward, Optimas Solutions will focus on scaling renewable energy use, electrifying heating systems, and engaging suppliers to ensure long-term decarbonization.
Würth Group patriarch signaled a substantial profit decline amid tough EU economic conditions that trimmed revenue.
As the world's most populous country urbanizes and industrializes, demand for automotive and industrial fasteners could double by 2030.
On weekends, the cold forged fastener manufacturer can sell surplus energy back to the national grid, FAST reports.
New executive holds an MBA from the University of California, Irvine.
Laser welding collaboration between NASA and The Ohio State University aims to stimulate in-space manufacturing, which could eliminate the need to transport heavy fasteners for maintenance and repair.
Deal for C-parts distributor deepens Swedish fastener supplier's presence in Italy and southern Europe.
AI-powered platform brings new visibility to fastener certificate management, ensuring certs stay attached to parts throughout the supply chain process.
“Although some caution persists due to ongoing macroeconomic/inflation uncertainties, overall sentiment among participants leans cautiously optimistic,” noted R.W. Baird analyst David Manthey.
Former Mid-West Fastener Association board member worked for years in sales at Morton Grove, IL-based Alfa Tools.
Marks first time in 14 months that company has achieved year-over-year growth with its fastener products.
Second automotive fastener factory in Tarragona, Spain, will leverage the fastener manufacturer's regional strengths.
New QM has more than 30 years of experience and earned a BE in mechanical engineering from DeVry University.
City of Industry, CA-based Allfast Fastening Systems used value stream mapping to reduce quote lead-time, provide real-time data, enhance consistency and improve customer service.
“This business takes guts. It always has,” third-generation distributor Andrew Hartman told the Specialty Tools & Fasteners Distributors Association 2024 convention.
U.S. President-elect Donald Trump pledged to impose a 25% tariff on all goods from Mexico and Canada on his first day in office.
Oregon-based fastener manufacturer building a $4.3 million East Coast production facility expected to create 21 new jobs.
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.
Despite moderation, the Fastener Distributor Index reading “still meaningfully marks the second highest monthly FDI reading in 2024.”

