Relocation expands space for inventory and streamlining internal operations.
NEWS BRIEFS
Improved sales in the repair and remodel market from consumer shift toward home renovations related to ongoing shelter-in-place orders.
“The expertise and knowledge of Randy and Matt enables Optimas to embrace continuous growth and future innovation,” commented Marc Strandquist, president of the Americas.
The Pacific-West Fastener Association, Southeastern Fastener Association and Southwestern Fastener Association were to meet in San Antonio.
During the second quarter, the company recorded a $109 million pretax loss from the sale of the Fabory business, which it agreed in June to sell to Dutch capital firm Torqx Capital Partners for an undisclosed sum.
“We have expanded into this 30,000 sq ft facility that will give us more room to better serve our customers,” the company stated.
“Considering the current backdrop of a global pandemic, were are more than satisfied with this relatively stable development,” stated chairman Robert Friedmann.
Partnership enables Birmingham Fastener to provide immediate turnaround of hex cap screws.
Sales in North America declined 19.5%, while sales in Europe fell 15.1% and sales in Asia slipped 1.6%.
In April 2020, fastener daily sales fell 22.5%, while in May the rate of decline moderated to a 15.3% decline and in June fell only 11.4%.
Plans for safety include forehead thermometers, STAFDA-logoed face masks and spacing between booths for its 44th annual convention on November 8-10, 2020, in Anaheim.
Robbie and Gina Gilchrist established the Gilchrist Foundation Fastener Scholarship in 2000 to give back to the fastener industry.
The addition of NTF’s product lines strengthens Earnest Machine’s position in existing markets while enabling the company to expand into new markets.
Bailey will be involved in creating product formulations, purchasing steel, production planning, advising on forging and heat-treating, expanding employee understanding of product functions, and assisting with quality controls.
NCFA said the cancellation was due to industry feedback plus the concern of an autumn upswing of COVID-19.
“Collectively, they have a decades long track record in this industry of taking care of customers, driving growth, and optimizing their organizations,” stated CEO Bill Niketas.
This transaction, initially planned for the first quarter of 2021, makes LISI the sole owner of Termax.
There are 17 fastener manufacturers and seven drive tool manufacturers from eight countries: China, Germany, Japan, Malaysia, Mexico, Singapore, Spain, Taiwan and the U.S.
Early bird attendee registration for the 2020 International Fastener Expo is $50 until June 30.

Johnson of Birmingham Fastener Inc. succeeds Manny DeSantis of Valley Fastener Group.