Global Fastener News

NEWS BRIEFS

Chicago Tabletop Cancelled for 2020

May 16
19:22 2020

“To be sure we provide quality events, we will put these events on hold until 2021 when we are able to meet safely.”

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Vertex Distribution Parent Co. Sales Drop

May 12
12:45 2020

Vertex Distribution parent company Houston Wire & Cable Co. reported sales, including fasteners, dropped 2% in the first quarter.

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Chicago Rivet Fastener Sales Decline 11%

May 11
12:30 2020

Results “due to reduced demand for fastener segment parts, especially from automotive customers as the impact of the coronavirus pandemic (“COVID-19”) took hold.”

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9 Companies Receive 2020 Innovation Awards

May 11
05:51 2020

The awards are presented annually to recognize those individuals and companies with specific innovative fasteners.

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Fastener Fair USA Postponed Until 2021

May 08
14:25 2020
    Fastener Fair USA Postponed Until 2021

The 3rd Fastener Fair USA is now slated for March 23-25, 2021, at the Huntington Convention Center in Cleveland, OH, returning to the city where the inaugural event was held in 2018.

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Fastenal Fastener Sales Drop 22.5%

May 07
19:40 2020

Overall sales rose 6.7% to $491.5 million in April, while daily sales totaled $22.3 million during the month.

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Birmingham Fastener Acquires Atlanta Rod

May 07
10:39 2020
    Birmingham Fastener Acquires Atlanta Rod

“By acquiring Atlanta Rod, we are doubling down on domestic fastener manufacturing in the southeast during the COVID-19 pandemic,” stated president Brad Tinney.

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NFDA Schedules ‘Virtual Speaker Summit’

May 06
14:01 2020

With its planned ESPS sessions during June in Minneapolis cancelled, the National Fastener Distributors Association scheduled a “Virtual Speaker Summit” on June 22-25.

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Savoy Features Stanley Eng. Fastening President

May 06
12:25 2020
    Savoy Features Stanley Eng. Fastening President

James Ray Jr. started with Stanley Black & Decker in 2013 as president of the Industrial & Automotive Repair business.

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ITW Fastener Revenue Falls In Q1

May 05
12:20 2020

ITW said it expects second-quarter revenue to decline 30-40%, with Automotive OEM revenue down 60-70%. 

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TriMas Fasteners Sales Increase

May 04
12:43 2020

Solid demand for fastener products was partially offset by a sales decrease of existing machined components products.

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IFI Gives Soaring Eagle Awards To DiMaio, McGuire

May 04
11:05 2020

The Industrial Fasteners Institute honored blind rivet pioneer Anthony (Tony) DiMaio and publisher Mike McGuire.

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SWK Engineered Fastening Sales Drop

April 30
14:04 2020

Stanley Black & Decker reported Engineered Fastening share gains were more than offset by lower global automotive light vehicle and general industrial production.

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NFDA Postpones June Meeting

April 30
12:59 2020

It was planned as the ESPS session and will next be scheduled for 2021.

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Dorman Products Sales Increase

April 29
14:12 2020

CEO Kevin Olsen said the “vast majority” of Dorman’s retail and wholesale customers are open for business, so all of Dorman’s U.S. facilities continue operating at this time.

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Michael Mantis Named CEO of Fasteners Inc.

April 29
13:55 2020
    Michael Mantis Named CEO of Fasteners Inc.

Mike Mantis is the son of founder Keith Mantis, who died on April 19.

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OBITUARY: Neil Hadfield

April 29
09:41 2020

Hadfield, 75, was co-founder of Western Pacific Data Systems, which became Faspac Fastener Solutions. 

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Nucor Cold Finished Steel Sales Fall

April 28
15:07 2020

Nucor Corp. reported cold finished steel sales, including results from Nucor Fastener, fell 12% to 126,000 tons in the first quarter of 2020.

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EFC Moves to New Chicago Facility

April 28
12:30 2020
    EFC Moves to New Chicago Facility

The new facility includes 4,200 pallet locations, 26-foot ceilings and a circular flow from receiving to inventory to shipping to increase efficiency.

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BTM Names Desert Distribution as Rep

April 28
11:36 2020

Desert Distribution provides value analysis and engineering to industries including aerospace, automotive, appliance, solar, wind power and telecommunications.

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