“In the November survey, 50% of respondents indicated sales were “better” relative to seasonal expectations – down vs. a record 73% in October but nevertheless still much improved vs. average 2016 levels (31%).”
HEADLINES
Company has retained Goldman Sachs & Co. as financial advisor and Freshfields Bruckhaus Deringer US LLP as legal advisor to assist in its review.
“To define our future, we only need to look to our past,” president Kirk Zehnder said. “My grandfather, Paul Zehnder, founded the company in 1948 with the idea to ‘put the needs of the customer first’.”
Founded in 1946 as the Chicago Bolt, Nut & Screw Association, the organization became MWFA in 2004.
AFT Fasteners & Industrial Supply has moved to a larger location. The new address is 204 South 6th Ave., Mansfield, TX 76063. Founded in 1984, AFT Fasteners distributes fasteners and...
Endries will continue to be led by CEO Steve Endries and his executive team.
A former safety inspector turned whistleblower alleges that throughout construction, evidence of about 60 broken A490 bolts was discarded and documents were falsified.
The biennial trade show will be June 3-5, 2019, in Rosemont, IL.
The National Fastener Distributors Association, Mid-West Fastener Association and Pacific-West Fastener Association will meet together at the Omni San Diego Hotel on March 13-16, 2019.
After months of decline, Fastenal Co. fastener sales are achieving double-digit growth in 2017.
In his Associate State-of-the-Industry address, Joe Smith of Metabo Power Tools / North America said “revolutionary technological innovation & development are driving the cordless trend.”
STAFDA president got first career job by offering to work one week for free.
STAFDA will be Sunday, Monday & Tuesday in Phoenix; IFE is Tuesday, Wednesday & Thursday in Las Vegas.
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.
Auburn, Washington, distributor becomes first woman president of the association founded in 1976.
“You have to be known as the best choice in the marketplace for something. Otherwise the decision is just price,” consultant Arvin told a Specialty Tools & Fasteners Distributors Association seminar.
Chester opened his presentation with the story of Bob Knopps, who wound wire for 59 years until retiring in 2009. “That doesn’t happen anymore,” Chester noted.
Robbie and Gina Gilchrist established the Gilchrist Foundation Fastener Scholarship in 2000 to return something to the fastener industry.
American Elite Molding was named 2017 Florida Manufacturer of the Year by the Manufacturers Association of Florida. The nylon cable tie manufacturer was chosen for the medium (101-250 employees) category....
He founded Hayes Bolt in San Diego in 1976 and sold the distributorship to his first employee, Suzanne Dukes, in 1980. He had started Hawaii Nut & Bolt Inc. in 1979.