“It was time for a change, a fresh look, and updated representation that reflects the personality of our burgeoning YFP teams,” vice president Mallory Cravens Nichols said.
NEWS BRIEFS
The seasonally adjusted September Fastener Distributor Index (54.2) moderated from last month’s 55.4, reflecting “reflecting lower sales activity” amid supply chain and labor market difficulties, according to R.W. Baird analyst David Manthey.
“We continue to experience pressure related to material and transportation cost inflation, ”particularly... for fasteners and overseas shipping,” Fastenal stated.
The acquisition of Cline Tool is the 13th acquisition under the current AFC management team and the first since recapitalizing with Bertram Capital Management.
John Brown has been with BBI for 20 years.
“Our goal is to maintain the strong Solution Industries brand in the market,” LindFast CEO Bill Niketas stated.
Two Ohio companies, Edward W. Daniel LLC and Cleveland City Forge, have merged.
Dentist Kianor Shah started Universal Fastening System based on ideas developed from needing to change angulation and eliminate stripping of fasteners in implant surgery.
“We will increase our efforts to capture new clients and new projects in North America – in sectors like marine, oil and gas, energy, defense, pulp and paper and construction.”
Arciuch’s experience includes general manager of PennEngineering’s largest plant in North America and director of lean manufacturing at Optimas Solutions.
Yarborough, of Spring Bolt & Nut Manufacturing in Houston, also is the current SFA president.
“In a market environment where ‘inventory is the new king,’ timing, efficiency, and organization have never been more critical.”
A portfolio company of Audax Group, Elgin Fastener Group is an integrated manufacturer based in Brecksville, OH.
They will be honored during the 40th annual IFE September 21-23 at the Mandalay Bay Convention Center in Las Vegas.
Fastenal Co. reported fastener sales continued to rise in August, jumping 18.9% during the month compared to a 7.3% decline during August 2020.
The award recognizes the first 10 years of John Medcalf’s career in developing standards and his scientific knowledge on hydrogen embrittlement of case-hardened screws.
Jeremiah Windle will oversee four regional managers and report to national sales manager Josh Martin.
The addition will be steel frame and beam building allowing clear-span of the interior space to optimize work and traffic flow for manufacturing.
The fastener supplier says the new 32,400 sq ft facility is part of its global strategy to improve supply chain management.
Earnest Machine was awarded the NorthCoast 99 award for the ninth time in 10 years.