Founded in 2008, Naperville, IL-based 3Q supplies Sems washers, double coil lock washers, cold formed fasteners and sheet metal screws.
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There will be “some jockeying around when states reopen, but things will sort themselves out very quickly,” STAFDA CEO Georgia Foley predicted. “I don't think it'll be long for America to hit its stride again!”
“The first quarter showed further performance progression both year over year and sequential quarter despite the disruptions during March due to COVID-19,” stated co-CEO John Plant.
OEM customers are automating manufacturing operations and parts suppliers must respond with seamless order and inventory systems, quality documentation and chain of custody tracking.
“We are hopeful by September, everyone will be ready for a fun NEFDA event,” stated NEFDA president Mike Lentini.
“March sales of our fastener products declined 10.1% on a daily basis as industrial activity slowed, while our safety business grew 31.0% on a daily basis as we were able to source and deliver critical personal protective equipment ('PPE') supplies to the marketplace,” the company stated.
The acquired companies, with a workforce of 230 and $76 million in sales, will be rebranded as “Stronghold” and supply C-parts to industrial companies.
Flames emerged from a furnace vent pipe at Nucor Fastener in St. Joe, IN, shortly after 12:30 a.m. on April 8, but the facility sustained no damage, the Butler Bulletin reports.
“In Asia, where the impact of the COVID-19 pandemic was most evident in the first quarter, we are seeing the first signs of market normalization, primarily in China,” the company stated.
Ventura has over 35 years of fastener industry experience and currently serves on the North Coast Fastener Association board.
Mentor, OH-based Accu-Tech has operated as a high-precision machine shop for the last 25 years, primarily selling to the specialty valve and tooling industries.
The seasonally adjusted March FDI (44.4) experienced a sharp contraction (February 53) “as the COVID-19 pandemic and ensuing shutdowns took hold over the latter half of the month,” R.W. Baird analyst David Manthey wrote.
Graham Robinson served as a Honeywell executive for seven years, most recently as president of Honeywell Industrial Safety, a $2.2 billion global business.
“In this new role, Brad will be responsible for the Chemistry, Metallography, Mechanical Testing, Machining Departments,” LTI stated.
Brighton-Best Socket Screw Mfg. co-founder Perry Rosenstein, 94, died April 3 from COVID-19, the New Jersey Globe reports.
Fastening for: Automotive, Renewable Energy, Construction Equipment, Tool Die & Mould, Medical, Defense & Aerospace, Oil & Gas, Power Transmission and Locomotive.
44-year-old Pasquale Gallace of Agrati logistics in Italy died March 27 of COVID-19, according to Agrati CEO Paolo Pozzi. His father had died a few days earlier.
“Earnest Machine needed a way to support its growing VMI business, but my father also wanted to introduce inch to a metric market and likewise metric to an inch market,” CEO Kirk Zehnder said.
Fastenal and Apex have worked together since 2008 to develop a vending delivery platform for the industrial and commercial marketplace.
Association providing coronavirus information to members online.