North America sales rose 10.4% and sales in Europe grew 10.6%.
NEWS BRIEFS
Founded last year, Intuilize offers predictive analytics for midsize fastener distributors.
Komar Screw was founded in 1969 as a full-line fastener distributor by Marvin “Marv” Kocian, who started in the fastener business in Chicago in 1961 by working for fastener distributor Carlton Screw.
The Southwestern Fastener Association board has been struggling with direction, as most of the eight regional fastener associations have.
Machinery from the closed AKKO Fastener Inc. plant in Middletown, OH, will be auctioned Wednesday, April 10, 2019.
He was VP and a partner of Jay-Cee Sales & Rivet, where he started working in 1969.
Facility in Florence, SC, to “support the southeast geography and growing customer base there.”
“In the fourth quarter, our business in America and Asia grew by double-digits, exceeding expectations,” the company stated. “The demand in the European markets slowed down at a high level.”
Overall Fastenal sales increased 10.5% to $411.9 million in February, while daily sales grew 10.5% to $20.6 million during February.
“Our fastener manufacturing business continues to perform well, increasing sales of its self-piercing and clinch products to new customers around the world,” stated CFO Patrick Fogarty.
Since 2007, Matt Schron has been GM for Jergens Industrial Supply, the company’s distributor of metalworking products representing more than 300 manufacturers in the U.S.
Both have been active in the Southwestern Fastener Association since 1984. Both have been SFA chairpersons.
Revenue increased “due to higher demand levels for more complex fasteners.”
He was the owner of Delaware-based Kenneth G. Lilly Fasteners, Inc. – a distributorship founded in 1964 by his father, Kenneth Granville Lilly.
Previously Filion worked for 20 years at Velcro USA Inc., including most recently as president.
“When we make new hires, we look for people who perform best in a collaborative environment,” said CEO Kirk Zehnder.
Gross margin was higher at 11% “despite the impact of U.S. Section 232 tariffs on overall volumes.”
The company said it will commemorate its 20th anniversary by exhibiting at the FABTECH Show, November 11-14, in Chicago.
3Q supplies Sems washers, double coil lock washers, cold formed fasteners and sheet metal screws.