North America sales declined 7.4%, mostly due to lower volumes, while sales in Europe increased.
NEWS BRIEFS
April 24
12:40
2023
In its third acquisition in 2023, AFC acquired Arlington, TX-based QFC Industries, which distributes fasteners and other small components to manufacturing and assembly customers in the U.S., Mexico, Europe and China.
April 24
00:57
2023
The company expects a 13% first quarter 2023 revenue increase, attributable to a combination of price increases across the company’s fastener, forging, and defense electronics businesses, as well as new product sales.
April 20
15:36
2023
Results “driven by solid performance in our steel products segment and increased demand for steel at our mills,” stated CEO Leon Topalian.
April 18
13:49
2023
Battaglia possesses over 25 years of financial management and reporting expertise, most recently leadership experience at Caterpillar.
April 18
13:35
2023
Current CFO Nancy Davies will serve as interim president and COO, replacing Remy Stachowiak.
April 18
08:32
2023
He owned Mill Supplies of Indiana and was the 2002 president of the Specialty Tools & Fasteners Distribution Association.
April 17
19:01
2023
U.S. market growth rose on new customer projects and structural growth in the focus industries, as well as gains in the procurement market.
April 17
18:20
2023
Prior to joining FDH, Ken Aso served as partner and senior advisor at Oliver Wyman, where he supported OEMs, Tier 1 suppliers and distribution service providers in the global aerospace and defense market.
April 17
16:09
2023
The May 24 hands-on intermediate class will be onsite at SWD Inc. and Morgan Ohare in Addison, IL.
April 13
13:05
2023
“The combination of good demand, more stable cost trends, and our long supply chain for imported fasteners and certain non-fastener products produced stable price levels for our products,” the company stated.
April 12
18:19
2023
The seasonally adjusted Fastener Distributor Index weakened in March, driven by faster supplier deliveries and weaker employment indicators.
April 12
14:41
2023
The Mid-West Fastener Association is seeking applicants to succeed executive director Nancy Rich, who is retiring after 40 years.
April 11
17:07
2023
Business is based in Charlotte, NC.
April 10
23:58
2023
The deal included Stock’d Supply’s Tennessee headquarters, along with its seven other locations in Chicago; Franklin, IN; Lincoln, NE; Louisville, KY; Mocksville, NC; Rock Hill, SC; and Yankton, SD.
April 10
18:08
2023
First company location in Arizona expands its footprint in the West after the January acquisition of Pacific Coast Bolt.
April 10
11:34
2023
The 37,700 sq ft high-capacity distribution center will support growing demand and includes such sustainable features as solar panels on the roof and a water catchment pond rainwater drainage.
April 08
14:06
2023
New manufacturing and engineering managers have more than 60 years of fastener manufacturing experience combined.
April 04
22:58
2023
“Productivity was strong once again, which led to operating margin expansion,” stated CFO Kristen Actis-Grande.
