IN THE NEWS with Fastener News Desk the Week of June 26, 2023

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Here’s what’s happening in the fastener industry the week of June 26, 2023.

Watch now on FastenerTV at YouTube: (10:46)

Fastener Industry Acquisition News:

MW Components, a leading provider of precision components, has acquired Western Wire Products Company, a wire forming leader with a diverse product line. MW Components already has a strong presence in the spring and wire form industry through existing manufacturing specialists including Century Spring, Fox Valley Spring, Maryland Precision Spring, and over a dozen other locations known for their high-quality, precision metal components. The combined companies will offer an increased selection of stock, standard, and custom wire forms including cotter pins, hitch pins, and spring pins along with a wide array of highly engineered precision metal components.

MW Components Acquires Western Wire Products

NetPlus Alliance distributor members remain optimistic about 2023 revenue, despite talent challenges and lingering inventory obstacles, according to the latest NetPlus Alliance Industry Outlook, a quarterly report based on a survey of NetPlus members. 88% of Distributor Members Anticipate Sales Growth in 2023 up from 77% in the Q1 Industry Outlook report.

NetPlus Alliance Distributor Members Anticipate Sales Growth

The Mid-West Fastener Association Board of Directors announced the appointment of Francesca Lewis, as the new Executive Director, effective July 1, 2023. Francesca’s exemplary communication and leadership skills will assist in the continued growth and success of the Association. Outgoing (retirement) MWFA Executive Director Nancy Rich who is set to retire at the end of the year, said “I’m looking forward to working with Francesca as she prepares to lead the MWFA while continuing its great legacy. Nancy Rich will continue to work alongside Francesca for the remainder of 2023 as interim Executive Director and will thereafter to ensure a smooth transition of leadership.

Mid-West Fastener Association Names Francesca Lewis, Executive Director

Registration is open for the 2023 International Fastener Expo at Mandalay Bay in Las Vegas from October 9-11, 2023.

The International Fastener Expo (IFE) is the ultimate business-to-business expo for all things fasteners, machinery & tooling, and industrial products in North America. IFE caters to every level of the supply chain, making it the go-to event for industry professionals like you.

So, mark your calendars for October 9-11, 2023, and get ready to immerse yourself in the fastener industry’s premier event.

Register now to secure your spot at the 2023 Fastener Expo. This is your opportunity to network with professionals from around the world, discover the latest innovations, and take your business to new heights. Use promo code FND50 to save $50.00 on registration.

Register today at FastenerShows.com

The electronics engineering team at Valley Forge & Bolt Mfg. Co. have completed the first iteration of their SPC4® Data Logger app. This milestone is a critical move in the company’s continued advancements in technology to provide a broader range of load indicating solutions. This application, paired with the SPC4® 406A Electronic Meter, is a user-friendly solution for monitoring fastener load in environments that require a Bluetooth connection. After a simple set up and calibration, users can configure the app with their specific equipment and site details to monitor target clamp load during both fastener installations and routine inspection. This improved load monitoring method allows end users to pinpoint problems, optimize installation time, reduce downtime, and share data with key stakeholders at any time.

Valley Forge & Bolt Launches Android Application Accessory

2023 Southwestern Fastener Conference & Expo July 25th – July 27th | Houston, TX

Attendees will experience a site visit to Houston Fastener Manufacturing, a night at the ballpark as the Houston Astros take on the Texas Rangers, association conference, keynote speaker, industry table-top expo, lots of networking and a lively Round Table discussion with the SFA board to wrap it all up. To register and get more info go to: https://www.southwesternfastener.org/

International Fastener Expo 2023

The International Fastener Expo is accepting nominations for the 2023 Fastener Hall of Fame and Young Fastener Professional of the Year prestigious Awards.

The Fastener Hall of Fame recognizes professionals who have made significant and enduring contributions to the industrial fastener industry on a national or global scale. Individuals selected for induction will join other honored industry members, including but not limited to inventors, business leaders, and educators. The Young Fastener Professional of the Year award recognizes and honors a young professional who has made significant contributions to the fastener industry.

The recipients will be recognized at a special event during the International Fastener Expo and receive a commemorative plaque. The deadline for nominations has been extended to June 30th! Nominate today at FastenerShows.com: https://fastenershows.com/awards-events-page/ife-2023-awards/

Register today at FastenerShows.com!

USE PROMO CODE: FND50 and Save $50.00 on registration.

ATTN: Women in the Fastener Industry! WIFI honors the memory of Ann Bisgyer Wolz, co-publisher of Fastener Industry News. Ann first worked in the fastener industry during high school for her stepfather, Eric Cohn, at Allied International. She later entered the trade show industry in New York City and returned to fasteners when she and spouse John Wolz acquired Fastener Industry News in 1994 where they shared co-publisher titles.

Don’t miss this amazing opportunity to become a Certified Fastener Specialist with the Fastener Training Institute. Apply for the WIFI Ann Bisgyer Wolz Scholarship today! Submission deadline: July 10, 2023 https://www.fastenerwomen.com/scholarships

Next generation advanced planning and scheduling is here! Optessa’s AI-driven optimization ushers in a new way for manufacturers to generate optimal plans and schedules in a fraction of the time. Respond to disruptions, meet delivery dates, reduce excessive parts inventory, eliminate costly idle time, and stabilize your supply chain. Request a live demo of Optessa’s NextGen APS platform today!

Visit https://www.optessa.com/ for more information!

Registration is OPEN for MWFA FSTNR Week which will take place in Chicago August 20-24, 2023!

Members and attendees will experience:

A Bed Build event at Abbott Interfast to support the Sleep in Heavenly Peace organization,
MWFA Member Plant Tours
Print Reading Seminar
the 41^st MWFA Fastener Show
Retro 80’s Fastener Bash
MWFA 70^TH Golf Outing & Mixer.
For all the details and to register go to www.mwfa.net

Registration form: https://mwfa.net/pdf/2023/exhibitors.pdf

The Fastener Training Institute Announced Fastener Training Week will be held in Chicago on August 21st-25th, coinciding with the Mid-West Faster Association’s FSTNR Week! The Fastener Training Institute and the Industrial Fasteners Institute (IFI) continue their partnership to present Fastener Training Week — five intensive days of education and plant tours as part of the acclaimed FTI Certified Fastener Specialist™ (CFS) advanced technical training program. After completing this invaluable industry training in a small group environment and passing a final exam, attendees are eligible for the CFS designation. For more info go to: FastenerTraining.org

Save the Date: Manufacturing Day 2023 will take place on Friday, October 6^th and throughout the month of October. Celebrated nationally on the first Friday in October, MFG Day is manufacturing’s biggest annual opportunity to inspire the next generation, positively shift perceptions about our industry, and build the foundation for the manufacturing workforce of the future. Join the Manufacturing Institute on June 29^th for a webinar: “Get the Word Out”. The webinar will provide valuable information to help organizations plan and prepare for MFG Day 2023. For more info go to MFGDay.com

The stories featured in this week’s episode of IN THE NEWS can be found on Fastener News Desk or in our Twitter feed @FastenerNews and LinkedIn in the Fastener News Group!

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