IN THE NEWS with Fastener News Desk the Week of March 18, 2024
Fastener News Desk
by Fastener News Desk
1w ago
  “Hello, fastener enthusiasts and industry professionals! Welcome to your weekly dose of all thing’s fasteners. This is where we tighten the screws on the latest news, trends, and innovations in our industry. Whether you’re a bolt buff, a nut nerd, or just riveted by rivets, we’ve got you covered. So, let’s thread our way through the world of fasteners together. Welcome to this week’s episode of In the News with Fastener News Desk!” Here’s the stories you need to be following in fastener industry news, acquisitions, trends, and upcoming events making headlines the week of March ..read more
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Würth Additive Group’s DIS Platform Goes Live at AMUG 2024
Fastener News Desk
by Fastener News Desk
1w ago
FOR IMMEDIATE RELEASE Next-Gen Supply Solutions: Würth Additive Group’s DIS Platform Goes Live at AMUG 2024 Chicago, IL, USA – March 19, 2024 – With the click of a button, Würth Additive Group, a leader in digital supply chain solutions and part of the larger Würth Group—a global industry leader in fasteners, MRO, and safety equipment—pressed “print” as they announced their new inventory management product, Digital Inventory Services (DIS), at the Additive Manufacturer User Group (AMUG) Conference last week. At the outset of the AMUG Conference, Würth Additive Group unveiled its first global ..read more
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Fastener Industries, Inc. Purchases Die Co., Inc.
Fastener News Desk
by Fastener News Desk
1w ago
FOR IMMEDIATE RELEASE Die Co., Inc., a manufacturer of quality spring steel fasteners and metal stampings, joins The Fastener Industries’ employee-owned family of companies. Berea, Ohio, USA, March 18, 2024 – Fastener Industries, Inc. welcomes Die Co., Inc. as a wholly owned subsidiary to the Fastener family of employee-owned companies. The employee-owned Fasteners family of companies include Buckeye Fasteners Co., Modern Fasteners Co., Ohio Nut and Bolt Company, Ohio Nut & Bolt of Canada, Ltd., Brainard Rivet Co., Joseph Industries, Inc., and Plan-E-Tech Industries, Inc. Die Co., Inc ..read more
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AFC Industries Acquires Globe International Corporation
Fastener News Desk
by Fastener News Desk
1w ago
March 8, 2024 AFC Industries has acquired Philadelphia Pennsylvania based Globe International Corporation (Globe International Corp – Home). Terms of the deal were not disclosed. Founded in 1950, the company is a leading supplier of fasteners, door hardware, and galvanized aircraft cable that specializes in value-added kitting and other services. Globe co-owner Steven Weissman said, “Our company has a long history of success based on taking excellent care of our customers and our people. It was important to us to find a partner that would continue to build on that foundation and AFC has a pr ..read more
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Fastener Distributor Index (FDI) | February 2024
Fastener News Desk
by Fastener News Desk
2w ago
The Fastener Distributor Index (FDI) survey for February, 2024.  The FDI crept into growth territory with a reading of 50.5 up from 49.7 in January, seasonally adjusted. The Forward Looking Indicator (FLI) took the opposite course, dropping slightly to 47.9. Key Takeaway: The seasonally adjusted Fastener Distributor Index (FDI) bounced back to growth (>50) in February with a reading of 50.5. A key theme present among respondent commentary was stabilization/consistency in demand. After accurately forecasting the rebound in this month’s FDI ..read more
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Fastener Fair USA returns to Cleveland, Ohio May 22-23, 2024
Fastener News Desk
by Fastener News Desk
2w ago
  Fastener Fair USA returns to Cleveland, Ohio May 22-23, 2024 Norwalk, CT (March 14, 2023) – Fastener Fair USA is thrilled to announce that registration is open for the 2024 edition taking place at the Huntington Convention Center in Cleveland, Ohio on May 22 and 23. This highly anticipated trade show is set to surpass expectations, offering unparalleled opportunities for industry professionals from all segments of the market to connect, learn, and innovate. Attendees are invited to register here. Fastener Fair USA serves as a premier platform for the entire fastener supply chain to co ..read more
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Manufacturing PMI® at 47.8%; February 2024 Manufacturing ISM® Report On Business®
Fastener News Desk
by Fastener News Desk
3w ago
NEWS PROVIDED BY: Institute for Supply Management  01 Mar, 2024, 10:00 ET New Orders; Backlogs Contracting; Production; Employment Contracting; Supplier Deliveries Slowing; Raw Materials Inventories Contracting; Customers’ Inventories Too Low; Prices Increasing; Exports and Imports Growing TEMPE, Ariz., March 1, 2024 /PRNewswire/ — Economic activity in the manufacturing sector contracted in February for the 16th consecutive month following one month of “unchanged” status (a PMI® reading of 50 percent) and 28 months of growth prior to that, say the nati ..read more
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Endries International Acquires Ace Bolt & Screw Co. Inc.
Fastener News Desk
by Fastener News Desk
3w ago
        February at Endries International, Inc. ended with a flourish as the team at Ace Bolt & Screw Company, Inc. joins the growing Endries family.  Brillion – WI, March 1, 2024 – Endries International, Inc. today announced the acquisition of Ace Bolt & Screw Co. Inc. Founded in 1969 in Jackson, Mississippi by Randal Clark and Tom Keaton, Ace has grown into one of the largest fastener distributors in the southeastern United States. A symbol of multi-generational success, Randal Clark, along with sons Randy and Mike continued to grow the business following t ..read more
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IN THE NEWS with Fastener News Desk the Week of February 26, 2024
Fastener News Desk
by Fastener News Desk
1M ago
“Hello, fastener enthusiasts and industry professionals! Welcome to your weekly dose of all thing’s fasteners. This is where we tighten the screws on the latest news, trends, and innovations in our industry. Whether you’re a bolt buff, a nut nerd, or just riveted by rivets, we’ve got you covered. So, let’s thread our way through the world of fasteners together. Welcome to this week’s episode of In the News with Fastener News Desk!” Here’s the stories you need to be following in fastener industry news, trends, announcements, and upcoming events making headlines the week of February 26, 2024 ..read more
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Martin Supply Celebrates 90 Years of Excellence in Industrial Distribution
Fastener News Desk
by Fastener News Desk
1M ago
  February 22, 2024 (Florence, AL) – Martin Supply, a leading provider of custom-tailored solutions for maintenance, repair, operation, and production supplies (MROP) in the industrial and construction markets, proudly announces its 90th anniversary. Established in 1934 by Louis Martin in Sheffield, AL, the company has achieved unparalleled growth and transformation, now led by the third and fourth generations of the Martin family. From its modest origins, Martin Supply has undergone a remarkable evolution, expanding its footprint to encompass 48 distribution centers and integrated sit ..read more
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