Founded in 1960, Diablo and Freud supply aline of power tool accessories, including saw blades, router bits, recip blades, shaper cutters, SDS-Plus and SDS-Max hammer drill bits and bonded abrasives.
NEWS BRIEFS
Results boosted by the addition of SuperATV, new product launches and price increases to offset inflationary costs.

Demand “continues to be strong for commercial aerospace, with higher aircraft production rates underpinned by continued growth in air traffic,” stated CEO John Plant.
“These recent hires reflect our continuing effort to get closer to our customers in the field and support our distributors developing their business, at the point of use and place of assembly or manufacture,” stated CEO Timothy O’Keeffe.
The UK-based fastener supplier highlighted its U.S. operation, which achieved 25% growth in the 12 months ended March 31.

“Both segments delivered strong growth and expanded margins, while we continued to invest in our growth engines and provide exceptional customer service,” stated CEO D.G. Macpherson.

“We can't wait to see the fresh ideas she brings to our social media platforms. Welcome, Kat!” STAFDA stated on Twitter.

Vagner Finelli has held leadership positions in Precision Castparts, Lear Corp. and Textron.

“This is the fifth consecutive quarter with sales in excess of SEK 1 billion,” stated CEO Anders Nyström.

The luncheon is open to all women STAFDA participants: Distributors, manufacturers, rep agents and spouses/companions.

North America sales declined 7.4%, mostly due to lower volumes, while sales in Europe increased.

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.

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.

Results “driven by solid performance in our steel products segment and increased demand for steel at our mills,” stated CEO Leon Topalian.

Battaglia possesses over 25 years of financial management and reporting expertise, most recently leadership experience at Caterpillar.

Current CFO Nancy Davies will serve as interim president and COO, replacing Remy Stachowiak.
He owned Mill Supplies of Indiana and was the 2002 president of the Specialty Tools & Fasteners Distribution Association.
U.S. market growth rose on new customer projects and structural growth in the focus industries, as well as gains in the procurement market.

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.