New executive previously held leadership roles during 12 years at Precision Castparts Corp.
NEWS BRIEFS
Distribution Solutions Group acquired Tech-Component Resources, a Southeast Asian distributor of fasteners, mechanical components, and other industrial products.
Implementation involved consolidating supplier data through automation and AI — streamlining the supply network.
New executive started working for Applied Bolting Technology in 2010 as a field bolting specialist.
Deal enhances AFC Industries’ reach and capabilities within the tooling sector.
AFC promoted its VP of Information Technology, who has served in that role since 2013.
PPG provides coatings for construction, consumer products, industrial and transportation markets and aftermarkets.
Prior experience includes working as Business Development Manager for Goebel Fasteners and Brikksen.
“We are continuing to expand our sales activities across all channels such as the sales force, shops, and eBusiness, while also investing in IT and promoting digitalization.”
Expansion includes a dedicated purchasing, sourcing, and auditing team to improve quality and service.
Former president of the Metropolitan Fastener Distributors Association had 40-year fastener career including 20 years with Mutual Screw & Supply.
Company touted new hire's “long career in the OEM space as both a supply chain and sales leader”.
Executive is seasoned IT leader with over 24 years of experience at a prominent European company, where he directed North American IT operations.
Fastenal Co. reported October fastener sales improved over a 3.3% decline in September.
Revenue growth achieved despite “restricted volumes shipped to the Boeing Company and notably weaker Europe market conditions.”
Executive's experience includes 14 years with Infasco and shorter times with Kimball Midwest and Lawson Products.
Sales, including fasteners, decreased 1.4% in the third quarter of 2024, while net income improved 45%.
Acquisition enables Switzerland's SFS Group to expand its presence in the Midwestern U.S.
Gains “driven by growth in all geographies and included broad-based gains across most customer end markets.”
New rep will cover the territory of Texas, Oklahoma, New Mexico, Arkansas and Tennessee.