He had been the 1990-91 president of the National Fastener Distributors Association and was inducted into the NIFS Hall of Fame in 2004.
NEWS BRIEFS
“Double-digit sales growth, gross margin execution and productivity all combined to expand adjusted operating margin by 200 basis in the fiscal third quarter with an adjusted incremental margin in the thirties,” stated CFO Kristen Actis-Grande.
Nick Ruetz of AIS is the 2022-2023 president of the National Fastener Distributors Association, succeeding Kevin Godin of AFC Industries.
After 40+ years in the fastener industry, Jim Ruetz said a doctorate was on his ‘bucket list.’
Election of officers was part of the 7th European Fastener Distribution Conference hosted by the EFDA’s Spanish member association, ADEFI.
Mallory Cravens Nichols of Advance Components was elected 2022-2023 president of the Young Fastener Professionals. Craig Beaty of Beawest Fasteners is vice president.
The deal is NEFCO’s sixth acquisition since 2017.
Topics include remote work, "boldness," pandemic pivot, sales and online marketing.
Deadlines for two Women in the Fastener Industry Association scholarships are approaching.
“Boeing is an important aerospace growth customer for fasteners, low and high pressure ducting, and advance machined and other related components,” stated CEO Thomas Amato.
Founded in 1984, Store Room provides VMI, sub-assemblies and kitting and has been ISO 9001 accredited for 14 years.
The sales index declined, with participants attributing lower revenues to “difficulties getting overseas containers/materials into ports amid further slowdowns from China.”
Sherex Fastening Solutions announced Budd Sales Company will represent it in Arkansas, Louisiana, Oklahoma and Texas.
Menomonee Falls, WI-based Engman-Taylor will continue to do business under its current name, and president Rick Star will continue to lead the 90-person business.
“The city of Rockford has manufactured tons of screws, bolts and fasteners earning it the nickname, Screw City. And now, Packer Fastener wants to bring back the title.”
Böllhoff expands its portfolio in the aerospace sector by acquiring the France-based fastener manufacturer.
Bill Davis has 20 years of experience in the fastener industry and had been with BBI Cleveland.
Overall sales grew 23.5% to $589.2 million, while daily sales totaled $28.1 million, up 17.6% from the previous February.
A total of 2,700 managers, engineers and buyers visited the last edition of Fastener Fair Italy in 2019.
Located 14 miles from company headquarters, the training facility allowed ABC to shift staff and equipment and “enable us to dedicate space at our home office for these important training needs.”