“To be sure we provide quality events, we will put these events on hold until 2021 when we are able to meet safely.”
NEWS BRIEFS
Vertex Distribution parent company Houston Wire & Cable Co. reported sales, including fasteners, dropped 2% in the first quarter.
Results “due to reduced demand for fastener segment parts, especially from automotive customers as the impact of the coronavirus pandemic (“COVID-19”) took hold.”
The awards are presented annually to recognize those individuals and companies with specific innovative fasteners.
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.
Overall sales rose 6.7% to $491.5 million in April, while daily sales totaled $22.3 million during the month.
“By acquiring Atlanta Rod, we are doubling down on domestic fastener manufacturing in the southeast during the COVID-19 pandemic,” stated president Brad Tinney.
With its planned ESPS sessions during June in Minneapolis cancelled, the National Fastener Distributors Association scheduled a “Virtual Speaker Summit” on June 22-25.
James Ray Jr. started with Stanley Black & Decker in 2013 as president of the Industrial & Automotive Repair business.
ITW said it expects second-quarter revenue to decline 30-40%, with Automotive OEM revenue down 60-70%.
Solid demand for fastener products was partially offset by a sales decrease of existing machined components products.
The Industrial Fasteners Institute honored blind rivet pioneer Anthony (Tony) DiMaio and publisher Mike McGuire.
Stanley Black & Decker reported Engineered Fastening share gains were more than offset by lower global automotive light vehicle and general industrial production.
It was planned as the ESPS session and will next be scheduled for 2021.
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.
Mike Mantis is the son of founder Keith Mantis, who died on April 19.
Hadfield, 75, was co-founder of Western Pacific Data Systems, which became Faspac Fastener Solutions.
Nucor Corp. reported cold finished steel sales, including results from Nucor Fastener, fell 12% to 126,000 tons in the first quarter of 2020.
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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