Brandon McVaugh began with LTI while a student. After college he worked with the Vanguard Group – fulfilling a company policy requiring family members to work five years outside the business before joining LTI.
NEWS BRIEFS

William Jones reportedly hid statements showing he used the Spokane, WA, distributorship’s credit card to pay for personal expenses, including his daughter’s college tuition and landscaping at his residence. Fastenal acquired Fasteners Inc. in 2015.
The tracks in the Sunday-through-Wednesday schedule are: Distribution strategy; leadership / professional development; management + HR; marketing; operations; and sales.
By end market, overall sales to manufacturing customers rose 7.5%, while sales to non-residential construction customers climbed 5% in November.
Marketing manager Jeff Adams emphasized the “new mobile-first design is a great advantage for those customers who prefer to navigate the web on a mobile device and offers customers across the globe a greater user experience.”
“The UK facility will provide design and technical support and be our sales and distribution centre for the UK and Europe,” said managing director Michael Carbine.

BUMAX said it won the order to supply stainless studs, nuts and washers for the 219MW Northwester 2 offshore wind power plants.
Rivet nuts are designed to provide strong load-bearing threaded connections in thin gauge materials, or ‘skins,’ when threading is not an option.

In some ways, small distributors are similar to the original 13 colonies, according to STAFDA President Sean Baird.
Weaker demand was particularly noticeable in Sweden, Eastern Europe, and China due to lower production among many customers, as well as customer destocking.

Have a customs broker? It isn’t cover for you if U.S. Customs arrives at your office, Danielle Riggs cautioned the National Fastener Distributors Association. “One hundred percent is on the importer,” explained the director of international compliance for Würth Industry North America.
Shearman has been a Trifast director and chair of the remuneration committee. His career includes investment fund management, stockbroking, investment banking and charitable foundations.

Dale MacLean became Tree Island CEO in July 2011 and held the position for eight years and five months, according to his LinkedIn account.
Sales hurt by “particularly weak” sales to automotive customers “due to the global economic slowdown impacting many foreign countries.”

More tariffs could be coming: The October 5% increase is ‘still pending’ and December could bring determination on threaded rod and stud tariffs.

“Sales trends were slightly improved on an unadjusted basis, but the seasonal-adjustment factor drove the sales index down (month-to-month),” according to R.W. Baird analyst David Manthey.
1Shot, Böllhoff, Bryce, Grabber, ITW, MaThread, Penn Engineering, Simpson Strong-Tie and Stanley Engineered Fastening were honored with the 2019 Fastener Innovation Award.

Optimas Solutions credited outgoing CEO Anesa Chaibi with leading “significant change throughout the company and created a strong culture of mutual respect, collaboration and innovation with employees, customers and our supply partners.”
Sales in North America rose 10.7% due to “increased sales volume and higher average product prices.”
MSC Industry Supply Co. reported sales, including fasteners, rose 0.6% to $842.7 million in the fiscal 2019 fourth quarter ended September 1.