Global Fastener News

Tag "distribution"

Grainger Reports 2% Sales Decline in Q2

July 23
14:43 2020

During the second quarter, the company recorded a $109 million pretax loss from the sale of the Fabory business, which it agreed in June to sell to Dutch capital firm Torqx Capital Partners for an undisclosed sum.

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Birmingham Fastener Opens 3 Locations

December 12
23:07 2019

“Surround yourself with good people, give them the tools they need to be successful, and get out of the way,” stated CEO Brad Tinney.

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STAFDA’s Knowlton: ‘Sales Is All About Problem Solving And People’

December 10
04:47 2019
    STAFDA’s Knowlton: ‘Sales Is All About Problem Solving And People’

Knowlton said his sales career “blossomed” once “my customers and distributors became my friends and my business partners as we grew together.”   

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Grainger Sales & Profit Rise

July 24
23:56 2019

“Despite slower than expected global economic growth and our significant investment in the endless assortment model, we drove strong operating results and cash flow,” stated CEO DG Macpherson.

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FDI Falls To Near Two-Year Low

March 25
03:17 2019
    FDI Falls To Near Two-Year Low

“Stabilization or further moderation in the FDI could be more likely than acceleration from here,” according to R.W. Baird analyst David Manthey.

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Valderrama: Intuilize Website to Feature ’Quick Quiz’

March 19
12:18 2019
    Valderrama: Intuilize Website to Feature ’Quick Quiz’

Founded last year, Intuilize offers predictive analytics for midsize fastener distributors.

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Field Opens Southeast Distribution Center

March 12
11:38 2019

Facility in Florence, SC, to “support the southeast geography and growing customer base there.”

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STAFDA Lists Nashville Speaker & Music

March 04
18:10 2019
    STAFDA Lists Nashville Speaker & Music

Norton|Saint-Gobain Abrasives North America sales & marketing VP Glenn Knowlton will present the Associate State of the Industry address during the Specialty Tools & Fasteners Distributors Association’s 43rd annual convention & trade show in Nashville. Country music duo Big & Rich will open the event.

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FDI Steady in January After Declines

February 14
02:39 2019
    FDI Steady in January After Declines

Several respondents expressed “cautious optimism” for a potential resolution to the US-China trade dispute. Pending any resolution, however, tariffs continue to impact lead times and pricing.

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Jim Ruetz Stepping Down as AIS CEO

February 12
14:07 2019

The 2001 president of the National Fastener Distributors Association and the 2018 NFDA Fastener Professional of the Year honoree started in the fastener industry 42 years ago at his family’s business, All Tool Sales.

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FDI Retreats For Second Straight Month

February 04
05:31 2019
    FDI Retreats For Second Straight Month

Sales trends improved in December, with 42% of respondents indicating sales were “better” relative to seasonal expectations vs. 34% of respondents the previous month.

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Sisto Advises Distributors More Prefab in Future

November 13
10:23 2018
    Sisto Advises Distributors More Prefab in Future

Offsite construction is on the rise and Bill Sisto predicted to the Specialty Tools & Fasteners Distributors Association that contractors will partner with prefab companies.

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St. John: Customers Want To Feel Cared For

November 12
06:00 2018
    St. John: Customers Want To Feel Cared For

STAFDA president: One lesson from competing with Amazon and other major players “is the idea that we win when our customers win, or Mr. Bezos’s now famous mantra ‘it is all about the customer’.”

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St. John: Good News for Distributors – Customers Want to Feel Cared For

November 06
11:30 2018
    St. John: Good News for Distributors – Customers Want to Feel Cared For

STAFDA president: One lesson from competing with Amazon and other major players “is the idea that we win when our customers win, or Mr. Bezos’s now famous mantra ‘it is all about the customer’.”

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Birmingham Fastener Wins Award

April 19
11:06 2018
    Birmingham Fastener Wins Award

Fastener supplier recognized as manufacturer of the year for the state of Alabama.

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Lindstrom Announces Four Promotions

April 02
10:39 2018

Longen, English, Newman and Hrdlicka take new positions at the master distributor.

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St. John Seeks ‘Mutually Profitable’ Supply Channel

February 26
11:24 2018
    St. John Seeks ‘Mutually Profitable’ Supply Channel

STAFDA president is “fiercely committed to building long-term, mutual-profitable relationships with our customers, employees and suppliers.” Instead of badgering for a lower price, St. John said the mutually better approach is to ask, “What do I need to do to get a better price?”

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Endries Int’l Acquired By Equity Firm

January 07
05:46 2018
    Endries Int’l Acquired By Equity Firm

Endries will continue to be led by CEO Steve Endries and his executive team.

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Hodell-Natco Acquires Davco Fastener

December 12
03:24 2017

Hodell-Natco president Kevin Reidl – the 2013-14 president of the National Fastener Distributors Association – views the acquisition as the perfect step in Hodell-Natco’s growth strategy.

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September FDI ‘Stays Strong’

October 30
00:38 2017
    September FDI ‘Stays Strong’

The Fastener Distributor Index for September dipped slightly to 61.5, “with sales trends remaining very strong,” writes R.W. Baird analyst David Manthey.

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