“This is the fifth consecutive quarter with sales in excess of SEK 1 billion,” stated CEO Anders Nyström.
The luncheon is open to all women STAFDA participants: Distributors, manufacturers, rep agents and spouses/companions.
North America sales declined 7.4%, mostly due to lower volumes, while sales in Europe increased.
In its third acquisition in 2023, AFC acquired Arlington, TX-based QFC Industries, which distributes fasteners and other small components to manufacturing and assembly customers in the U.S., Mexico, Europe and China.
The company expects a 13% first quarter 2023 revenue increase, attributable to a combination of price increases across the company’s fastener, forging, and defense electronics businesses, as well as new product sales.
Results “driven by solid performance in our steel products segment and increased demand for steel at our mills,” stated CEO Leon Topalian.
Following pandemic disruptions, the aerospace fastener market is poised for success due to a commercial aircraft order increase and rising defense market demand.
Battaglia possesses over 25 years of financial management and reporting expertise, most recently leadership experience at Caterpillar.
Current CFO Nancy Davies will serve as interim president and COO, replacing Remy Stachowiak.
He owned Mill Supplies of Indiana and was the 2002 president of the Specialty Tools & Fasteners Distribution Association.
U.S. market growth rose on new customer projects and structural growth in the focus industries, as well as gains in the procurement market.
Prior to joining FDH, Ken Aso served as partner and senior advisor at Oliver Wyman, where he supported OEMs, Tier 1 suppliers and distribution service providers in the global aerospace and defense market.
The May 24 hands-on intermediate class will be onsite at SWD Inc. and Morgan Ohare in Addison, IL.
DIY Network host and professional contractor Mike Holmes will keynote the Specialty Tools & Fasteners Distributors 2023 convention on November 5-7 in San Antonio.
“The combination of good demand, more stable cost trends, and our long supply chain for imported fasteners and certain non-fastener products produced stable price levels for our products,” the company stated.
The seasonally adjusted Fastener Distributor Index weakened in March, driven by faster supplier deliveries and weaker employment indicators.
The Mid-West Fastener Association is seeking applicants to succeed executive director Nancy Rich, who is retiring after 40 years.
In 2023, the Taiwan International Fastener Show offers an integrated networking platform, including hybrid online and offline events, online exhibition, global fastener forum, live on-site tours and networking.
Business is based in Charlotte, NC.

