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Ruetz: 1 in 10 Family Firms Survive to 3rd Gen

July 27
23:15 2023
    Ruetz: 1 in 10 Family Firms Survive to 3rd Gen

The key to succession is “family leadership passion” and family involvement, Dr. Jim Ruetz told the National Fastener Distributors Association.

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FDI Rises Amid Reshoring Reports

July 27
22:37 2023
    FDI Rises Amid Reshoring Reports

While some respondents pointed to evidence of reshoring, others claimed nearshoring is occurring as customers move business from China to Mexico.

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Grainger Reports ‘Steady’ Demand

July 27
09:58 2023

During Q2, Grainger announced plans to open a 500,000 sq ft distribution center east of Portland, OR, in 2025.

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Rotor Clip Adds CAD Functionality to Site

July 26
14:25 2023
    Rotor Clip Adds CAD Functionality to Site

Over 20,000 standard parts are available for download with direct insert functionality into every major CAD system.

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Fastener Technology Drives Car Manufacturing Innovation

July 26
13:33 2023
    Fastener Technology Drives Car Manufacturing Innovation

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.

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Bufab Names New CFO

July 25
09:47 2023
    Bufab Names New CFO

New executive “combines broad financial expertise with international experience and has a strong track record in listed companies.”

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Taiwan Hardware Show Relocates for 2023

July 23
23:30 2023
    Taiwan Hardware Show Relocates for 2023

The Taiwan Hardware Show relocated to Taipei Nangang Exhibition Centre for the October 18-20 show.

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Bossard Sales Slip Amid Labor Shortages

July 20
11:09 2023
    Bossard Sales Slip Amid Labor Shortages

Despite a shortage of skilled labor, U.S. sales approached double-digit growth, boosted by strong demand from Tesla and other customers.

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‘Rugged Maniac’ to Precede FSTNR Week

July 19
11:10 2023

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.”

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Grainger Plans PNW Facility

July 18
10:31 2023
    Grainger Plans PNW Facility

The new Northwest Distribution Center will enhance customer service across the Pacific Northwest, providing the MRO supplier additional capacity.

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Würth Sales Solid Amid Global Uncertainty

July 17
17:52 2023
    Würth Sales Solid Amid Global Uncertainty

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.

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BUMAX Screws Used for Ultrasonic Welding Machines

July 17
10:01 2023
    BUMAX Screws Used for Ultrasonic Welding Machines

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.

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Metals Firm Acquires EDSCO Fasteners

July 14
10:33 2023
    Metals Firm Acquires EDSCO Fasteners

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.”

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Fastenal Fastener Sales Stabilize in Second Quarter

July 13
10:49 2023
    Fastenal Fastener Sales Stabilize in Second Quarter

Consolidated revenue rose 5.9% in the second quarter of 2023 due to higher unit sales, while net earnings gained 3.8%.

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Hilti Expanding Software Business

July 12
20:17 2023

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.

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Trifast Building National Distribution Hub

July 12
14:50 2023
    Trifast Building National Distribution Hub

The 75,000 sq ft center "is expected to increase operational efficiencies, customer collaboration and facilitate round-the-clock service.”

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Bossard Helping Open Up Space to New Exploration

July 12
14:00 2023
    Bossard Helping Open Up Space to New Exploration

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.

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Great Lakes Fasteners Acquires Connection Services

July 11
22:23 2023

Benton Harbor, MI-based Connection Services will join forces with the fastener distribution group formed by Kevin Weidinger.

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Ford Fasteners Marks 60 Years

July 11
14:20 2023
    Ford Fasteners Marks 60 Years

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.

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Fastenal Releases ESG Report

July 10
23:05 2023
    Fastenal Releases ESG Report

Fastenal Co. published its 2023 Environmental, Social, and Governance (ESG) report, which recaps the company's performance in 2022.

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