“The sales index was the biggest reason for the sharp decline as demand seemingly has softened for many respondents.”
NEWS BRIEFS
Yeary joined BoltsandNuts.com in February 2020. His prior experience includes serving as director of sales for National Threaded Fasteners Ltd.
Camcar director Steve Dixon called the group of 23 companies the “best of the best” and noted many of them have qualified for multiple years.
Calgary-based Omni-Lite Industries manufactures high-performance metal alloy and composite components and fastener systems for the aerospace, defense, and automotive industries.
CEO of Jacon Fasteners & Electronics was 81.
Founded in 1987, Campbell, CA-based Global Supply manufactures and distributes specialty electronic fasteners, interconnects, hardware, thermally conductive materials, test and measurement equipment.
“We managed to partially offset our increased material and logistics service costs through higher selling prices,” stated CEO Michael Schneider.
The survey is part of his PhD dissertation on impact of leadership passion, and company level “familiness” on family businesses succession or exit strategies.
Overall sales grew 12.5% to $553.3 million, while daily sales totaled $27.7 million, up 28.2% from the previous July.
“The machines target industry needs for the re-shoring of small fasteners and replacement of traditional headers,” the company stated.
Howmet Aerospace’s Fastening Systems segment hired 245 workers in anticipation of future revenue increases, bringing the total headcount added since the fourth quarter 2021 to approximately 380.
Brighton-Best International partnered with Nucor Fastener to become their principle master distributor of domestically manufactured standard fasteners.
Tower Fasteners will continue to operate under its current name with Tower president Mark Shannon continuing to lead the business.
Pat Catapano started in the fastener industry 50 years ago and in 1992 he opened B&B in Hauppauge, NY.
The annual award recognizes employers who have implemented worksite health & wellness programs and shown a commitment to employee health and safety.
We are increasing our 2022 outlook and remain well-positioned to deliver an exceptionally strong year.”
Jim Zupanic has held roles in continuous improvement, supply chain, finance and lean manufacturing for four corporations.
The trade show will be at the Hilton - Hasbrouck Heights/Meadowlands in Hasbrouck, NJ.
“Our industrial fastener business has a healthy backlog, which is up 18% versus last year,” stated CEO Donald Allan.
BBI is a master distributor and importer supplying 7,000 distributors through 32 locations in seven countries.