“By acquiring Atlanta Rod, we are doubling down on domestic fastener manufacturing in the southeast during the COVID-19 pandemic,” stated president Brad Tinney.
NEWS BRIEFS
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.
Desert Distribution provides value analysis and engineering to industries including aerospace, automotive, appliance, solar, wind power and telecommunications.
Mid-West seeking August dates for the 39th annual trade show and 68th annual golf outing.
“In the midst of the uncertainty, we delivered robust top-line growth, solid profitability, and continued to produce strong operating cash flow in the first quarter,” stated CEO DG Macpherson.
“The prevailing uncertain production situation in the automotive industry means that the development in the coming months remains difficult to predict,” stated CEO Anders Nyström.
He was the founder and principal owner of Fasteners Inc / Southwestern Supply, internet retailer ToolUp.com and Professional Contractors Supply.
The branch, which has 6,000 sq ft of warehouse space and 2,300 sq ft of office space, opened in Ontario in March.
Freight Audit Recovery provides a thorough audit and files overcharge claims.