Company trims 400 sales staff, mostly in branch and onsite personnel.
NEWS BRIEFS
June 02
13:09
2020
Founded in 1947 as Borstlap & Sons, Netherlands-based Fabory employs 1,100 to supply fasteners to more than 60,000 customers in EU markets.
June 02
12:46
2020
Founded in 1950, Everite provides electrochemical grinding technology to multiple industries, including the medical and aerospace markets.
June 02
12:45
2020
DB Roberts’ customer service and supply chain management provide technology for Tech-Etch’s electromechanical customer base.
June 02
12:36
2020
Headquartered in Brecksville, OH, EFG is a network of domestic specialty fastener manufacturers and metal finishers.
May 27
13:53
2020
“The recent outbreak of the coronavirus has severely impacted global consumption, trade and investment,” Taiwan's China Steel Corp. stated.
May 27
10:01
2020
The buyer is one of the largest raw material suppliers for fasteners in northern China.
May 26
14:14
2020
The South African International Trade Administration Commission initiated a safeguarding investigation against increased imports of hexagon head steel bolts (tariff code 73181543), Fastener + Fixing Magazine reports.
May 26
12:03
2020
He founded Darling Bolt in 1958 in Warren, MI. Upon selling it to a partner, he started Stanley Industries in 1967. Both businesses still exist today.
May 22
15:27
2020
Industrial Threaded Products CEO Garrett Futrell: “The joining of our two established organizations… will allow customers to experience the expansive benefits provided across both networks.”
May 19
01:00
2020
“Conditions remain very weak, but expectations for a gradual reopening of the economy have some participants leaning slightly more optimistic than previously,” R.W. Baird analyst David Manthey wrote.
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.”
May 12
12:45
2020
Vertex Distribution parent company Houston Wire & Cable Co. reported sales, including fasteners, dropped 2% in the first quarter.
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.”
May 11
05:51
2020
The awards are presented annually to recognize those individuals and companies with specific innovative fasteners.
May 08
14:25
2020
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.
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.
May 07
10:39
2020
“By acquiring Atlanta Rod, we are doubling down on domestic fastener manufacturing in the southeast during the COVID-19 pandemic,” stated president Brad Tinney.
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.
May 06
12:25
2020
James Ray Jr. started with Stanley Black & Decker in 2013 as president of the Industrial & Automotive Repair business.
