After tumbling 30.3% in the opening quarter of 2020, the FIN Fastener Stock Index rebounded in the second quarter, achieving a 26.7% gain during the period compared to a 19.6% gain by an index of related industrial stocks during the first full quarter of the pandemic.
HEADLINES
“Not only are we overwhelmed and terrified, but based on the numbers for the rest of the country, it’s only going to get worse for us.”
“Due to the State of California's shutdown on July 13,2020, reverting back to Phase 1 with no reopening date on the horizon, this unfortunate and unforeseeable circumstance is forcing STAFDA to cancel its November 8-10 convention in Anaheim.”

“Sales trends were better than seasonally expected for a majority of respondents, the first time that has occurred since January,” R.W. Baird analyst David Manthey wrote.
The Pacific-West Fastener Association, Southeastern Fastener Association and Southwestern Fastener Association were to meet in San Antonio.

Adam Derry becomes the third Derry to be president of the National Fastener Distributors Association.

The deal for the Santa Fe Springs, CA-based fastener distributor marks LINC Systems’ third acquisition in 2020.
The 9th biennial FFS is scheduled May 18-20, 2021, in Germany.
In March 1980, SWD began black oxidizing, cleaning and pickling on used equipment with three employees in a 9,000 sq ft facility.
Birmingham Fastener and Supply Inc. became a master distributor of Nucor fasteners to better serve their customers. This partnership enables Birmingham Fastener to provide immediate turnaround of hex cap screws....
The Socket Products course is about safely selling, using and processing socket products, which have high strength and high precision.

Gothenburg, Sweden-based TensionCam Systems AB develops sensors for clamp force monitoring in screw joints.

“We continue to monitor the situation and will aim to bring you the latest, most relevant updates,” show owner Emerald Expositions announced.
Before COVID-19, ITR Economics was forecasting the first half would be a mild slowing, picking up in the second half.

Endries marking 50th anniversary this year and All-West’s Rick Peterson finishes 50 years in the fastener industry.

Johnson of Birmingham Fastener Inc. succeeds Manny DeSantis of Valley Fastener Group.
This transaction, initially planned for the first quarter of 2021, makes LISI the sole owner of Termax.

Founded in 1947 as Borstlap & Sons, Netherlands-based Fabory employs 1,100 to supply fasteners to more than 60,000 customers in EU markets.
Founded in 1950, Everite provides electrochemical grinding technology to multiple industries, including the medical and aerospace markets.

The buyer is one of the largest raw material suppliers for fasteners in northern China.