Fastenal Co. reported fastener sales dropped to 30.8% of overall sales in May, nearly doubling April’s rate of decline.
Site now available in German and French for “enhance(d) user experience and accessibility in these markets.”
He founded Carson’s Nut-Bolt & Tool Co. in 1969, a company his widow Jane continues to operate.
Taiwan’s China Steel Corp. announced that third quarter prices for bar steel & wire rod remain unchanged amid “modest” global economic recovery.
Martin Fastening Solutions executive VP Scott McDaniel will serve as the 2024-2025 president of the National Fastener Distributors Association.
New venture will establish a factory in India to produce and distribute high-quality cold forged fasteners and other parts for one of the world’s largest automotive markets.
“Unique” system designed for structural members, joists, and hanger connectors using fasteners.
Founded in 1929, Holo-Krome – a subsidiary of Fastenal – made its name by pioneering the cold forming process.
Swedish manufacturer has made further energy, water and cost cuts for “cleaner, greener and more efficient” stainless steel fastener manufacturing.
Highlights include $5.5 million in donations to Habitat for Humanity over the past 16 years and increasing the number of scholarships to 120 a year.
CEO: “Softer than expected” results hurt by “increased product and customer mix headwinds and unexpected dilution from our web price realignment.”
Current flaw discovered at Boeing's South Carolina plant, where rivets were incorrectly torqued from the wrong side.
President Gary Cravens called new business development director “a valuable fastener sales resource for both our current and new customers.”
Osaka-based industrial fastener distributor looking to expand international customer base.
Agreement aims to restore transportation corridors, especially those linking Ukraine with European Union countries.
Deal provides larger portfolio of products and brands while expanding geographical reach and access to technology, data and R&D.
Harriger started with Huyett in 2015. Prior to that, he worked for Earnest Machine Products and Advance Components during his 43-year fastener career.
Family-owned and operated cold headed fastener manufacturer plans a 45,000 sq ft addition to consolidate operations in Rockford, IL.
“Our overall read was that demand conditions in May were generally seen as acceptable, not great but not terrible either,” wrote R.W. Baird analyst David Manthey (CFA) with Quinn Fredrickson (CFA).

