He alternated the CEO role of Earnest Machine Products Co. with his brother, John. The company was founded in 1948 by their father, Paul Zehnder.
HEADLINES
Growth will be strongest in aerospace-grade fasteners, the report found. Increasing demand from end users beyond aerospace equipment for stronger, better performing fasteners will also support rapid gains.
The new exclusion request process indicates U.S. tariffs on Chinese fasteners and other products are unlikely to be removed or reduced for at least the next 12 months.
More tariffs could be coming: The October 5% increase is ‘still pending’ and December could bring determination on threaded rod and stud tariffs.
In some ways, small distributors are similar to the original 13 colonies, according to STAFDA President Sean Baird.
“Sales trends were slightly improved on an unadjusted basis, but the seasonal-adjustment factor drove the sales index down (month-to-month),” according to R.W. Baird analyst David Manthey.
Resideo’s Sachs: Developing strategic alliances between suppliers and customers, allows you to “adapt to market conditions together.” Sachs worked such an alliance between Honeywell and Field Fastener.
Some owners have started “hot” to sell and went “cool” upon realizing their lives would change to “counting dollars and clipping coupons” after leaving the distributorships they built, Marc Strandquist told National Fastener Distributors Association members.
Jason Bader suggested to the Pacific-West Fastener Association that the warehouse should be referred to as “the vault.”
Fastenal Co. plans to build an office in downtown Winona, MN, that is expected to have space for 400-600 employees, the Winona Daily News reports. Designed by The Kubala Washatko...
Founded in 1946, Ontario, CA-based ABS distributes fasteners and C-class components in North America.
The duties, originally set to increase October 1 to 30% from 25% on the goods, including bolts, screws and other fasteners manufactured in China, had been delayed two weeks “as a gesture of goodwill.”
Vitus’ tooling knowledge led to manufacturing prototypes and custom parts for automated machinery, eventually developing into short-run stampings.
The industry “may not (see) good conditions” until the second quarter of 2020, according to Taiwan Industrial Fasteners Institute (TIFI) chairman Tu-Chin Tsai. He noted that Taiwan fastener manufacturers have superior technology, quality and lead times, but can’t compete on price with low-wage countries such as Vietnam and Malaysia.
Stanley served as Pac-West VP in 2018-19 and was the 1997-99 president of the Western Association of Fastener Distributors – the predecessor to Pac-West.
In 1982 Queenin began his fastener career at Specialty Bolt & Screw. He and his sons, Jay and Jon, eventually purchased SBS. Today Massachusetts-based SBS has three distribution centers in the U.S. and three in Mexico, along with facilities in Canada, Finland and Taiwan.
The program includes five classroom and plant tour days. Topics include manufacturing processes consensus standards and quality control.
“Better sales trends were offset by a weaker employment reading,” according to R.W. Baird analyst David Manthey.
“Japan's steel fastener export to China decreased significantly under the U.S. -China trade conflict, while there was no sign of stagnation in the export to the U.S.,” Fastener World reports.
Registration number for the International Fastener Expo remains at “5,000” for the trade show in Las Vegas.