Fastener Distributor Index moderation in January across sales and supplier deliveries, while the Forward-Looking Indicator improved on higher employment and lower customer inventory.
Grandson of a founding member, new executive holds a Master of Business Administration and is certified in Toyota Lean Management and General Motors Total Quality Management.
Volt Industrial Plastics founder emigrated from Yugoslavia to the U.S. when he was 14.
Fastener sales in January outperformed Fastenal's 10.8% fastener revenue growth rate in December.
Despite export challenges from tariff pressures, the company maintained healthy margins and reported nine-month profit after tax.
27-year fastener industry veteran has worked for Field Fastener, Supply Technologies, Optimas Solutions, Anixter Fasteners, and Shamrock International Fasteners.
Organic revenue growth reached 8%, driven by strong demand in aerospace and automotive markets.
Facility will manufacture a range of micro-fasteners catering to both the domestic market and exports.
Jacqi (Munoz) F. started working for Optimas in 2024 as Senior Quality Engineer.
Industrial Fasteners Institute program standardizes the training of skilled manufacturing workers and prepares them for long-term careers.
For the past 26 years, Gagnon has worked for master fastener distributor Stelfast, which LSG acquired in 2018.
Optimas Solutions has agreed to sell its international business segment to Exponent, a European private equity firm.
Previous experience includes working for Culp Inc. and Camco Manufacturing.
Minneapolis-based Aero-Space Computer Supplies distributes engineered fasteners and electromechanical components.
New hire earned an AA in Business Administration and Management from Jefferson State Community College.
Thailand-based JPP Holding Co. introduced 50 AI-powered robots with vision systems to handle tasks such as screw fastening, riveting, stamping, painting, and welding.
Twenty-six year fastener industry veteran was promoted to Senior Sales Director in Europe.
Export volumes are expanding, while prices remain under pressure from global competition, new capacities in emerging markets, and volatility in inflation and raw material costs.
SPS Technologies will rebuild its facility as a 350,000 sq ft aerospace manufacturing plant on the site of its former factory, which was destroyed by fire the company blames an explosion inside a compressed air system.
Racks have an image recognition system to enable fully automated banding, using cameras to detect whether cardboard cases lack plastic bands and applying them as needed.

