FIN Ignite Session on Fastener History
2/14/2014 1:23:00 AM
FEATURE
FIN is presenting at the NFDA / PacWest IGNITE session on Friday with a sampling of headlines from the Fastener History section.
Stories include:
Fastener Companies
2003 FIN – Chronology of the 1st 100 Years of SPS Technologies
1906 – SPS begins manufacturing flush head set screws for use in a pressed steel shaft collar.
1992 FIN – Penn Engineering Marks 50th Anniversary
Founded in 1942 by K.A. Swanstrom, production started in a rented section of a Pennsylvania stocking mill.
1986 FIN – Mud Slowing Construction of Nucor Fastener Plant in Indiana
Nucor success will refute naysayers who have given up on this country’s ability to compete.
1987 FIN – Elgin Becomes a New Name in Fastener Industry
Elgin acquires Nortek’s Chandler, Cornell, Ohio Rod and Fasteners Inc.
1989 FIN – Fastenal Expanding in Cities With 20,000 to 70,000 Populations
Fastenal said there are between 500 and 700 such potential U.S. markets waiting to be exploited.
1997 FIN – Global Giant Würth Reentering North American Fastener Market
Last month Service Supply Company of Indiana, with 41 midwestern branches in 21 states, announced it was negotiating a sale to Würth group.
Fastener People
2001 FIN – Win Adams: Getting the Order
“My strength was always getting an order,” Adams reflects on his 38 years in the fastener industry. “I was destined to be in a sales company.”
2001 FIN – Calfee: How to Sell Fasteners & Stay Out of Jail
Calfee urged distributors to “make sure you know who you are buying from. Make sure the paperwork matches.”
1983 FIN – Shrum, Broehm, Revercomb, Baker, Goodwin, Stanley and Snider on Surviving the Recession
FIN asked a number of executives in the fastener industry to give us their prognostications for the days ahead.
1994 FIN – Northwest Distributor Johnson Wins Small Business Battle in Congress
President of Vancouver (Washington) Bolt & Supply battled Congress to protect small businesses from a prohibitive loan prepayment clause.
Fastener History
These quotes preserve at least a peak at materials lost in the 2003 Southern California wildfire.
2003 FIN – California Fires Destroy Mel’s Fastener Museum
The collection included an 1892 catalogue from Pawtucket Manufacturing Co. and a book, History of the Bolt & Nut Industry, written by W.R. Wilbur in 1905
Associations
The country-of-origin marking requirements, mandated by recently passed customs regulations, was unanimously considered the most important problem facing fastener distributors.
2000 FIN – Perspective: A Renewed Form of Consolidation?
Ruetz sees an advantage of some form of consolidation as eliminating the cost of redundancies.
The Internet
1996 FIN: Fastener Firms Start Marketing on the Internet
“We are getting business from places we never heard from before,” Bobby Barnhill said.
1996 FIN – What is a Web Site Home Page?
Related Stories:
• What Should U.S. Do to Boost Domestic Fastener Manufacturing?
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