Founded in 1964, Hillman Solutions is a $1.5 billion hardware supplier that employs one of the largest direct sales and service teams in the industry.
NEWS BRIEFS
FTI’s Fastener Basics course provides extensive fastener parts knowledge to those new to the fastener industry and to those looking to better understand fastener products.
The fraudulent email was sent in the name of longtime CEO Georgia Foley, according to an email STAFDA sent to members.
Beaty of Beawest Fasteners and Georgievski of IFE Americas will lead the Young Fastener Professionals association for 2024.
Despite the tense global economic and political situation, the group was able to grow, even though the difficult conditions hurt its operating result.
Next Fastener Training Week is scheduled in Cleveland, OH, on April 8-12 at Brighton-Best International.
Roles “function together so manufacturing and distribution can be complementary sourcing solutions for OEM professionals seeking resilience and localization in their fastener supply chain.”
Results included a 1.9% drop in December (better than the 2.3% quarterly decline), with pricing for fasteners decelerating at a faster pace than non-fastener products.
“This bolt-on, attractive acquisition allows us to leverage our moat in order to capitalize on growth opportunities in this new product category,” said Hillman CEO Doug Cahill.
Women in the Fastener Industry (WIFI) named Volt Industrial Plastics COO Heidi Volltrauer as its 2023 Woman of the Year.
The Swiss fastener manufacturer called its overall performance “satisfactory” amid a normalizing market.
The first quarter produced 35% growth in the installed base of in-plant programs, and double-digit growth in the installed base of vending units.
Elmhurst, NY-based Century Fasteners is a master distributor of fastener and non-fastener components to the military, aerospace, automotive and other sectors.
“Many customers are very cautious about getting too much on order with the uncertainty of the economy and election year,” a fastener distributor commented.
Troy Enders joined Brighton-Best International in 2015 when it acquired Socket Screws AU.
The companies will install new equipment at an Antwerp facility to produce thermal diffusion coatings well suited for fasteners.
Santa Fe Springs, CA-based Hi-Q Fasteners supplies a line of Sems, thread forming and machine screws (inch, metric, steel and stainless), along with other hardware.
New co-presidents Rob Reynolds and Brandi Bertoia will manage fastener distribution software provider INxSQL “as a team.”