The key to succession is “family leadership passion” and family involvement, Dr. Jim Ruetz told the National Fastener Distributors Association.
While some respondents pointed to evidence of reshoring, others claimed nearshoring is occurring as customers move business from China to Mexico.
During Q2, Grainger announced plans to open a 500,000 sq ft distribution center east of Portland, OR, in 2025.
Over 20,000 standard parts are available for download with direct insert functionality into every major CAD system.
The evolution of fasteners has facilitated the growing use of thermoplastics in vehicle manufacturing over the past five decades, application engineer Dan Lunn told The Engineer.
New executive “combines broad financial expertise with international experience and has a strong track record in listed companies.”
The Taiwan Hardware Show relocated to Taipei Nangang Exhibition Centre for the October 18-20 show.
Despite a shortage of skilled labor, U.S. sales approached double-digit growth, boosted by strong demand from Tesla and other customers.
Bob Baer described the not-timed team event as “We start together, finish together, and leave with a bond that cannot be broken. We leave no one behind.”
The new Northwest Distribution Center will enhance customer service across the Pacific Northwest, providing the MRO supplier additional capacity.
The supply situation is improving for the group, while “geopolitical challenges such as the smoldering conflict between China, Taiwan and the USA, as well as the war in Ukraine and the associated high energy prices,” influence economic growth.
German specialist machine maker Schunk Sonosystems will use BUMAX DX 129 screws for all its ultrasonic welding flexure sonotrode machines, which are mainly used in the automobile industry.
As an anchor bolt cages supplier for the T&D utility market, EDSCO's products are “well-positioned to benefit from the long-term transition to renewable energy.”
Consolidated revenue rose 5.9% in the second quarter of 2023 due to higher unit sales, while net earnings gained 3.8%.
4PS Construct software, based on Microsoft Dynamics 365 Business Central, offers construction-specific functionalities that enable companies to manage the entire construction project life cycle.
The 75,000 sq ft center "is expected to increase operational efficiencies, customer collaboration and facilitate round-the-clock service.”
As a principal fastener supplier for the payload fairing of European launch rocket Ariane 5, which transported the James Webb telescope into space, Bossard played a part in its achievement.
Benton Harbor, MI-based Connection Services will join forces with the fastener distribution group formed by Kevin Weidinger.
Ford was founded in 1963 by George Cellary in a New Jersey warehouse, where he took bulk boxes of fasteners, weigh them on a bathroom scale and repacked them in smaller quantities for customers.
Fastenal Co. published its 2023 Environmental, Social, and Governance (ESG) report, which recaps the company's performance in 2022.

