The Fastener Distributor Index (FDI) survey for December, 2023 retrenches below 50, climbing to 53.4 after two consecutive months of expansionary readings that left us incrementally positive on fastener market momentum, the FDI took a somewhat unexpected step back in December to 47.5. Key Points: FDI retrenches below 50. After two consecutive months of expansionary readings that left us incrementally positive on fastener market momentum, the FDI took a somewhat unexpected step back in December to 47.5 (from 53.4 last month). However, this could simply be normal seasonal slowing in December ..read more

Here’s the stories you need to be following in fastener industry trends, news, acquisitions, and upcoming events making headlines the week of January 15, 2024. Watch now on FastenerTV at YouTube: (08:09) Sherex Fastening Solutions has joined the PennEngineering® family. PennEngineering® announced the acquisition of Sherex® Fastening Solutions, a global leader in the design, manufacturing, and installation of blind rivet nuts and associated fastening solutions. Headquartered in Buffalo, New York, Sherex is a premier technical provider of blind rivet nuts, with strong application expertise ..read more

DANBORO, Pa.- PennEngineering® announced the acquisition of Sherex® Fastening Solutions, a global leader in the design, manufacturing, and installation of blind rivet nuts and associated fastening solutions. “Teaming up with PennEngineering allows Sherex to provide our customers with additional global manufacturing capability to meet their demands around the world. Our long-standing customer relationships, combined with the reputation and history of PennEngineering will allow us to continue to provide enhanced value to our customers.” Headquartered in Buffalo, New York, Sherex is a p ..read more

Registration is open for STAFDA’s highly anticipated Excellence in Distribution program. The three-day management school is designed specifically for professionals in the construction/industrial distribution and the supply chain industries. STAFDA’s Excellence in Distribution (EiD) will be March 12-14, 2024, at the Nashville Hilton. The new program is an intense management school focused exclusively on wholesale distribution and the supply chain to fill an educational void in the industry. Excellence speakers have been carefully selected based on their years of experience and ..read more

FOR IMMEDIATE RELEASE Solon Manufacturing Company, a premier designer and manufacturer of Belleville spring washers, is proud to announce the celebration of its 75-year anniversary. Since its inception in 1949, Solon Manufacturing Co. has been dedicated to excellence, innovation, and customer satisfaction, and this milestone marks a momentous journey of growth and success. From humble beginnings— four college friends in a 3,000 sq. foot garage in Solon, Ohio, culminating in a move to a 30,000 sq. foot facility just north of the famous Chardon Square in the center of the state’s snowbelt ..read more

Happy New Year greetings! We’re back in the FastenerTV studio ready to deliver the latest in fastener industry trends, news, acquisitions, and upcoming events making headlines the week of January 8, 2024. Watch now on FastenerTV at YouTube:  The prestigious Best Booth Awards have been presented to the awardees by Fastener News Desk. The BBA’s highlighted outstanding exhibitors at the 2023 International Fastener Expo (IFE). Since 2014, the Best Booth Awards have served as a testament to the creativity, branding, and design prowess of the exhibitors. Congratulations to all the 2023 Best ..read more

The Fastener Distributor Index (FDI) survey for November, 2023 continued its rebound last month, climbing to 53.4 after reading 52.6 in October, seasonally adjusted. Following suit, the Forward Looking Indicator (FLI) finally inched above the 50 mark for the first time this year, rising to 50.4. Key Takeaway: The seasonally adjusted Fastener Distributor Index (FDI) improved m/m and remained above a neutral 50 reading for the second consecutive month, reading 53.4. Comments skewed noticeably more positive this month with many expressing that they are seeing good bookings ..read more

Here’s what’s happening in fastener industry news, acquisitions, events, holiday parties and virtual get togethers the week of December 4, 2023. Watch now on FastenerTV at YouTube:  Huyett has acquired all the assets and business of the Big H Corporation (Big H), doing business as PacFas and Mobile Fasteners. Big H was founded in 1974 and, over the next 49 years, expanded into 84,000 square feet of industrial space. The acquisition of Big H solidifies Huyett’s market presence as a master distributor of industrial fasteners. Timothy O’Keeffe, CEO of Huyett, states that incorporatin ..read more

Patriot Bolt Unveils Record-Breaking Achievement: The World’s Largest Hex Nut in Houston, TX FND INTERVIEW with Bryce Oliveira Patriot Bolt, VP of Sales FND: Tell us about Patriot Bolt. Bryce Oliveira: Patriot Bolt is an industry-leading manufacturer of US-made specialty fasteners, bolts, and hardware for bolted connections. We supply businesses with the products and services they need when they need them. FND: How big is the world’s largest hex nut? Bryce Oliveira: 16’ across the flats, 19’ across the corners, 9’ thick FND: How much does the world’s largest hex nut weigh? Bryce Oliveira: A ..read more

FOR IMMEDIATE RELEASE Martin Welcomes Scott McDaniel as Executive Vice President, Fastening [Florence, AL] – Martin, one of the nation’s leading providers of custom-tailored solutions for maintenance, repair, operation, and production supplies, is pleased to announce the appointment of Scott McDaniel as Executive Vice President. In this pivotal role, Scott will spearhead the development and implementation of strategic initiatives for Martin’s Fastening business unit to optimize operational efficiency and profitability, and foster synergy across all Martin business units.  Scott will al ..read more