The National Fastener Distributors Association and New England Fastener Distributors Association will meet June 20-21 in Boston, following NEFDA table top meeting on June 19.
NEWS BRIEFS


Company accelerating lower pricing structure "to accelerate growth with existing customers and attract new customers sooner than planned."

New financial guidance predicts an additional 2% revenue increase and an additional 3.5% increase in adjusted net earnings and adjusted net earnings per diluted share.

WINA is a part of the Würth Group, a global supplier of 100,000 assembly and fastening materials, chemical products and personal protective equipment with more than EUR 11.8 billion in sales for 2016.

The Hilco Industrial April 20-26, 2017, auction is due to the closure of the Southern Fasteners plant in Mississippi.

Added capacity in China and Vietnam is expected to boost automotive component sales to 20% of overall revenue within three years.

Quarterly results were improved by a 1.5% gain in fastener sales in February, marking the company’s first uptick in fastener sales since the third quarter of 2015.

“Cooperation with the largest U.S. electric vehicle manufacturer (Tesla Motors), which is continually increasing its production volumes, is reflected in the substantially higher sales.”

“Mackson brings to Tioga an impeccable reputation for high quality and excellent service in the supply of fasteners and critical components to the Nuclear Power industry,” stated Mackson Nuclear president Andrew Keiser.

The Specialty Tools & Fasteners Distributors Association members will meet with at least three members of Congress during the 5th annual events in Washington, DC.

“Most of our customers continue to express an improving outlook, particularly those in our core metalworking market,” stated CEO Erik Gershwind.

NFDA vice president Kevin Miller of Bamal Corp. said there were numerous potential honorees who fit the criteria, but “one name shot quickly to the top of the list who embodies the true spirit of this award.”

SouthernCarlson acquired Sacramento, CA-based River City Building Supply, Inc., expanding the organization’s Northern California footprint and service capabilities.

Marina del Rey, CA-based FDH distributes aerospace fasteners and other c-class components to commercial and defense aircraft manufacturers, subcontractors, and component distributors through its Arlington International Aviation Products (AIAP) and Aircraft Fasteners International (AFI) divisions.

Controx provides circular blades, cutting tools and special tooling for machining fasteners and other products.

Leahy, who is the 2017 president of the Specialty Tools and Fasteners Distributors Association, is a 20 year veteran of Border Construction Specialties, where he served as COO.

Speaking on a video for the 2017 joint meeting of the National Fastener Distributors Association and the Pacific-West Fastener Association, Würth reported U.S sales were up 16.8% for 2016 to US$1.7 billion.

“…our acquisition strategy is continuing to generate results,” stated CEO Jörgen Rosengren. “The acquired companies are developing well, work well with the other subsidiaries and made a strong contribution to Bufab's earnings trend and cash flow during the year.”

“Being a supplier to the automotive industry is challenging on many levels but we have managed to strengthen our customer relations by, among other things, supplying the best quality and service at the lowest possible cost,” stated CEO Tommy Andersson.

“With a total of 894 exhibitors from 46 countries, this year’s exhibition will be a record event both in terms of exhibitor numbers and exhibition space,” according to trade show management.