Chip Lippincott and Initial Publications, which publishes Fastener Technology International, purchased American Fastener Journal on March 1.
NEWS BRIEFS
New automation equipment from Italy replaces World War II-era machinery and allows the company to retain its current 107 employees.
The seasonally adjusted Fastener Distributor Index registered its first expansionary reading since November, improving to 51.6 in February. Participant commentary grew more optimistic, with some respondents seeing “some positive signs.”
The Industrial Fasteners Institute honored its longtime industrial products division manager, board member and former chairman among others.
Pawloski has been with the organization for ten years.
UK-based LoneStar supplies high performance fasteners to major OEMs, distributors and end-users in 100 countries.
Noelle Oas is in her eighth year with Fastenal, having previously served as director of compliance.
On a production area of 40,900 sq ft, GOEBEL will produce 20.8 million blind rivets per month with more than 70 specialized production machines.
The deal allows V&S to expand both its capacity and capabilities in the region.
The Fastener Training Institute will conduct a pre-show training class in conjunction with the 2023 Fastener Fair USA.
“Our manufacturing plant locations in the United States and the United Kingdom enable many of our customers to effectively on-shore part of their fastener supply chains and buy in-country for production continuity, which also can significantly reduce shipping-related carbon impacts,” stated co-CEOs Daniel Harms and Mike Tuffy.
New 18,000 sq ft Raleigh-Durham location on Alston Avenue will provide customers with access to local inventories and enhanced value-added services.
Hillman Solutions Corp. has moved to its new headquarters in Cincinnati to accommodate for growth and new operations, the Cincinnati Business Courier reports.
Merged rep agencies will use the name Desert Distribution Sales and cover California, Arizona, New Mexico, Nevada, Colorado and Utah.
Kevin Cozine most recently served as Optimas Solutions' director of operational excellence.
Fastenal Co. reported fastener sales increased in February at a slower rate than the previous month.
Prior to joining BBI, King worked for Fastenal Co. for ten years.
Increase due to pricing increases across all market segments despite lower volumes shipped in agricultural, industrial and residential construction markets as customers realigned inventories.
The new location will “create new opportunities for growth and expansion.”
St. Louis-based ISC distributes fasteners, components and struts/accessories to industrial and infrastructure markets.