Blog

in-the-news-with-fastener-news-desk-the-week-of-november-6,-2023
10Nov

IN THE NEWS with Fastener News Desk the Week of November 6, 2023

Here’s what’s happening in fastener industry news, acquisitions, and upcoming events the week of November 6, 2023.

Watch now on FastenerTV at YouTube (6:52)

Endries International announced the acquisition of the Viscan Group. Founded in 1992 and headquartered in Joliette, Quebec, Viscan is a leading supplier of specialized screws, general fasteners, and related components. Viscan offers over 25,000 unique SKUs, including proprietary components, and provides a variety of value-add services, including vendor managed inventory solutions as well as custom transformation or “secondary” process operations such as kitting, painting, platin), which are all performed in-house. Read more:

Endries International Acquires Viscan Group

Economic activity in the manufacturing sector contracted in October for the 12th consecutive month following a 28-month period of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. The Manufacturing PMI® registered 46.7 percent in October, 2.3 percentage points lower than the 49 percent recorded in September. The overall economy dropped back into contraction after one month of weak expansion preceded by nine months of contraction and a 30-month period of expansion before that. The New Orders Index remained in contraction territory at 45.5 percent, 3.7 percentage points lower than the figure of 49.2 percent recorded in September. Read more: 

Manufacturing PMI® at 46.7%; October 2023 Manufacturing ISM® Report On Business®

STAFDA Logo

The 2023 Specialty Tools & Fasteners Dist. Association. (STAFDA) kicked off their annual convention which runs through Tuesday the 7th in San Antonio, TX! This year’s event features an Emerging Leaders Forum, Opening Party, Mike Holmes keynote, Trade Show and much more! Check out the full agenda at STAFDA.org

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/

 Grow from novice to knowledgeable with Fastener Training Institutes Fastener Basics training. Learn the basics of fastener parts and increase your fastener knowledge advantage! The all-day training session is geared for individuals new to the fastener industry and those who need to know more about the products they sell. Fastener Basics Training is scheduled for:

Date: Thursday, November 16, 2023

Time: 8:30am to 4:00pm

Location: Union City, CA

Instructors: Kevin Chavis, Regional Manager, Star Stainless David Palmquist, Sales, Desert Distribution

Register: https://fastenertrainingevents.com/fastener-basics.htm

Join Pac-West for their After Hours get together in Newark, CA November 16, 2023, from 5:00 – 8:00 pm at BJ’s Restaurant and Brewhouse. Stop by and meet other people in the fastener industry and expand your professional network. Register: https://www.pac-west.org/

Image

Join the Fastener Training Institute and the Industrial Fasteners Institute for a LIVE WEBINAR: Metric Threads – Understanding the Basics, Friday, November 17, 2023, from 12:00 p.m. -2:00 p.m. ET Instructor: Laurence Claus, IFI Director of Education and Training. Register now: https://fastenertrainingevents.com/metric-threads.htm

NFDA Virtual Panel Program | Using the Power of AI and Automation to Make Your Business More Efficient, Thursday, November 30, 2023, 11:00 AM Pacific / 2:00 PM Eastern Registration is required. https://www.nfda-fastener.org/

 Fastener Training Week will be held in Los Angeles, CA. December 4 – December 8, 2023, 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. Fastener Training Week in Los Angeles, CA is hosted by the Pacific-West Fastener Association. Register now: https://fastenertrainingevents.com/los-angeles-2023.htm

Fastener News Desk is not just about the latest fastener news. We’re about transformative insights, actionable trends, and the big shifts shaping the industrial fastener sector.

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

If you would like to share your company’s news or events contact me, lisa@fastenernewsdesk.com.  Thanks for tuning in to this week’s episode of ‘IN THE NEWS’ with Fastener News Desk.

Sign up for the free FND newsletter designed to keep busy fastener professionals like you up-to-speed on “All things FASTENATING”!

  • Subscribe to receive our weekly newsletter:
  • Join the LinkedIn Fastener News Group:
  • Join the LinkedIn Fastener News Desk page:

RELATED CONTENT:

IN THE NEWS with Fastener News Desk the Week of October 30, 2023

Fastener News Desk Celebrates the ‘Best Booth Award’ Winners from IFE 2023

Fastener Industry, Fastener News, Fastener News Desk, Fastener News Podcast, Fastener TV

By Uncategorized0 Comments
Read more...
fastener-distributor-index-(fdi)-|-october-2023
10Nov

Fastener Distributor Index (FDI) | October 2023

The Fastener Distributor Index (FDI) survey for October, 2023.  The FDI rebounded last month to 52.6 after its disappointing 48.5 in September, seasonally adjusted.

The Forward Looking Indicator (FLI) also climbed, although it remains in contractionary territory at  47.1.

Key Takeaway:

The seasonally adjusted Fastener Distributor Index (FDI) improved m/m and returned to an above-50 reading at 52.6. Improving attitudes about the economy and more stable trends within respondents’ businesses were noted this month. Importantly, this marked the first reading above 50 since February (August was 50.0). The Forward Looking Indicator (FLI) improved m/m and continues to climb closer to a neutral 50 reading rising to 47.

Key Points:

FDI improves m/m, back to expansionary levels. The seasonally adjusted October FDI (52.6) improved from last month (48.5) and returned to growth (>50) for the first time since February. Looking at the overall components of the FDI, three of the four (sales, employment, and supplier delivers) improved m/m, while customer inventories were unchanged. The sales index saw the biggest m/m improvement (non-seasonally adjusted index improved from just 37.1 last month to 54.7 in October). Respondents reported a bit of a lift from the economy this month: “The economy seems to be causing an increased demand for products within our niche market.” 44% of respondents indicated sales were above seasonal expectations compared to just 16% last month. Another 22% said sales were in line (42% last month), while 34% saw weaker sales than expected (September 42%). FLI inching closer to neutral 50 level. The FLI also saw improvement, coming in at 47.1 vs. 44.8 last month. With the index still below 50, some additional softening could be expected in the near term, but bigger picture, the FLI continues to climb back up towards 50, which we see as encouraging. A softer employment reading and lower respondent inventory levels more than offset a modestly weaker six-month outlook, driving the m/m improvement in the FLI. On the outlook specifically, 25% of respondents predicted higher activity levels six months from now vs. today compared to 29% last month. The percentage anticipating similar activity was 47% compared to 45% in September, while the percentage expecting softer activity was modestly higher at 28% from 26%. After the seasonal adjustment factor, the six-month outlook came in at 47.1 vs. 44.8 last month.

Read full report:

FDI_Report_October_2023

Listen to episode #194 of the Fully Threaded Radio podcast for further commentary.

We encourages all North American fastener distributors to take part in the FDI Monthly Survey.

If you are interested in being a more active part of the fastener industry, you can apply to add your company to the FDI survey group. Complete the “Request an Invitation to Participate” form by clicking here. Once verified, you will receive login ID and password information and you will be notified by email every month when the survey period has been opened.

– Fastener News Desk

About the Fastener Distributor Index (FDI).

The Fastener Distributor Index (FDI) was developed as a service to the fastener industry by the FCH Sourcing Network in 2012 to be a new benchmark for the fastener industry. The FDI is a monthly survey of North American fastener distributors, conducted with the FCH Sourcing Network and Baird. It offers insights into current fastener industry trends/outlooks. Similarly, the Forward-Looking Indicator (FLI) is based on a weighted average of four forward-looking inputs from the FDI survey. This indicator is designed to provide directional perspective on future expectations for fastener market conditions. As diffusion indexes, values above 50.0 signal strength, while readings below 50.0 signal weakness. Over time, results should be directly relevant to Fastenal (FAST) and broadly relevant to other industrial distributors such as W.W. Grainger (GWW) and MSC Industrial (MSM).

The FDI Survey website is a resource than can be accessed by anyone, but it can only be updated by registered users during the monthly open survey period, which occurs during the last week of each month.

RELATED CONTENT:

Fastener Distributor Index (FDI) | September 2023

Fastener Distributor Index (FDI) | August 2023

Fastener Distributor Index, Fastener News

By Uncategorized0 Comments
Read more...
endries-international-acquires-viscan-group
05Nov

Endries International Acquires Viscan Group

PRESS RELEASE

Brillion, Wisconsin – November 1, 2023

Endries International, Inc. is pleased to announce the acquisition of the Viscan Group (“Viscan”).

Les Attaches Viscan Company Profile: Valuation, Investors, Acquisition | PitchBookFounded in 1992 by Sylvain Baril and headquartered in Joliette, Quebec, Viscan is a leading supplier of specialized screws, general fasteners and related components. Viscan offers over 25,000 unique SKUs, including proprietary components, and provides a variety of value-add services, including vendor managed inventory solutions as well as custom transformation or “secondary” process operations (i.e. kitting, painting, plating), which are all performed in-house.

Viscan’s existing associates together with its leadership, Sylvain Baril, Catherine Baril and Michael Baril will continue managing daily operations.

“It is a great honor to have been selected by the Baril family to acquire the business they founded and have grown so successfully”, said Steve Endries, Chairman of the Board of Directors for Endries. “The trust that they have placed in us is not something that we take lightly; we look forward to working with this talented leadership group.”

“We are thrilled to welcome the Viscan team into the Endries organization. With their commitment to customers, industry knowledge and complementary culture, we expect the transition to be seamless. As with prior acquisitions, the addition of Viscan will make Endries not only bigger, but better, by expanding existing operations in Canada and providing new opportunities for growth throughout North America. We are excited to welcome Viscan associates into our family” said Michael Knight, President and CEO of Endries International.

“Joining forces with Endries will expand our potential and together, I am confident that we will reach unparalleled heights. I am genuinely excited for what the future holds not only for our business, but for our customers who will benefit from enhanced services and a wider product range,” said Viscan’s founder, Sylvain Baril.

About Endries International

Endries is a leading distributor of fasteners and Class-C parts serving industrial Original Equipment Manufacturers (OEM’s) and the Industrial marketplace worldwide. From its headquarters in Brillion, WI and eleven U.S. and international distribution centers, Endries provides over 500,000 SKUs to its customer base. Endries operates primarily through a vendor managed inventory model, managing C-part categories for its customers across diverse industrial end markets. Endries partners with customers through robust replenishment systems that provide products and support services, which are critical to maintaining their manufacturing processes.

Website: https://www.endries.com/

RELATED CONTENT:

Endries International, Inc. Acquires Alliance Nut & Bolt, LLC

Check out all the latest deals in fastener industry mergers and acquisitions: https://www.fastenernewsdesk.com/category/acquisitions/

Acquisitions, Fastener News, Fastener Press Releases, Press Releases

By Uncategorized0 Comments
Read more...
manufacturing-pmi-at-46.7%;-october-2023-manufacturing-ism-report-on-business
04Nov

Manufacturing PMI® at 46.7%; October 2023 Manufacturing ISM® Report On Business®

NEWS PROVIDED BY: Institute for Supply Management 

01 Nov, 2023

New Orders and Backlogs Contracting; Employment Contracting; Production Expanding; Supplier Deliveries Faster; Raw Materials Inventories Contracting; Customers’ Inventories Too Low; Prices Decreasing; Exports and Imports Contracting

,  /PRNewswire/ — Economic activity in the manufacturing sector contracted in October for the 12th consecutive month following a 28-month period of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee:

“The Manufacturing PMI® registered 46.7 percent in October, 2.3 percentage points lower than the 49 percent recorded in September. The overall economy dropped back into contraction after one month of weak expansion preceded by nine months of contraction and a 30-month period of expansion before that. (A Manufacturing PMI® above 48.7 percent, over a period of time, generally indicates an expansion of the overall economy.) The New Orders Index remained in contraction territory at 45.5 percent, 3.7 percentage points lower than the figure of 49.2 percent recorded in September. The Production Index reading of 50.4 percent is a 2.1-percentage point decrease compared to September’s figure of 52.5 percent. The Prices Index registered 45.1 percent, up 1.3 percentage points compared to the reading of 43.8 percent in September. The Backlog of Orders Index registered 42.2 percent, 0.2 percentage point lower than the September reading of 42.4 percent. The Employment Index registered 46.8 percent, down 4.4 percentage points from the 51.2 percent reported in September.

“The Supplier Deliveries Index figure of 47.7 percent is 1.3 percentage points higher than the 46.4 percent recorded in September. (Supplier Deliveries is the only ISM® Report On Business® index that is inversed; a reading of above 50 percent indicates slower deliveries, which is typical as the economy improves and customer demand increases.)

“The Inventories Index decreased by 2.5 percentage points to 43.3 percent; the September reading was 45.8 percent. The New Export Orders Index reading of 49.4 percent is 2 percentage points higher than September’s figure of 47.4 percent. The Imports Index remained in contraction territory, registering 47.9 percent, 0.3 percentage point lower than the 48.2 percent reported in September.”

Fiore continues, “The U.S. manufacturing sector continued to contract and at a faster rate in October, dropping 2.3 percentage points to 46.7 percent, compared to September’s reading of 49 percent. Companies are still managing outputs appropriately as order softness continues. Demand eased, with the (1) New Orders Index contracting at a faster rate, (2) New Export Orders Index continuing in contraction territory but with a modest increase, and (3) Backlog of Orders Index declining slightly and remaining in strong contraction territory. The Customers’ Inventories Index reading reached ‘about right’ territory, not accommodative for future production. Output/Consumption (measured by the Production and Employment indexes) was negative, with a combined 6.5-percentage point downward impact on the Manufacturing PMI® calculation. Panelists’ companies had stable month-over-month production and took more immediate actions to reduce head counts, using layoffs as the primary tool. Inputs — defined as supplier deliveries, inventories, prices and imports — continued to accommodate future demand growth. The Supplier Deliveries Index indicated faster deliveries for the 13th straight month, at a slower rate compared to September, and the Inventories Index dropped further into contraction territory. The Prices Index remained in ‘decreasing’ territory, signifying continuing overall price reductions in spite of October’s energy market turbulence. Manufacturing supplier lead times continue to decrease, but at a slower pace.

“Of the six biggest manufacturing industries, only one — Food, Beverage & Tobacco Products — registered growth in October.

“Demand remains soft, but production execution is stable compared to September as panelists’ companies continue to manage outputs, material inputs and — more aggressively — labor costs. Suppliers continue to have capacity. Seventy-five percent of manufacturing gross domestic product (GDP) contracted in October, up from 71 percent in September. More importantly, the share of sector GDP registering a composite PMI® calculation at or below 45 percent — a good barometer of overall manufacturing weakness — was 37 percent in October, compared to 6 percent in September and 15 percent in August. Three of the top seven industries by contribution to manufacturing GDP fell into this category,” says Fiore.

The two manufacturing industries that reported growth in October are: Food, Beverage & Tobacco Products; and Plastics & Rubber Products. The 13 industries reporting contraction in October — in the following order — are: Printing & Related Support Activities; Textile Mills; Electrical Equipment, Appliances & Components; Machinery; Fabricated Metal Products; Wood Products; Computer & Electronic Products; Furniture & Related Products; Paper Products; Miscellaneous Manufacturing; Primary Metals; Chemical Products; and Transportation Equipment.

WHAT RESPONDENTS ARE SAYING

  • “Markets remain tough, and we have focused more resources on sales and marketing to drive greater sales and new market penetration with our devices. Lots of leadership focus on what we can do in the near term that will also support long-term company goals.” [Computer & Electronic Products]
  • “Economy absolutely slowing down. Less optimism regarding the first quarter of 2024.” [Chemical Products]
  • “Backlog is starting to dip a bit. We’re hearing of cutbacks in 2024 ordering, but it’s still very strong compared to historical averages.” [Transportation Equipment]
  • “Markets appear to have slightly slowed. Certain commodities remain high.” [Food, Beverage & Tobacco Products]
  • “Seeing a slowdown on bookings, and our backlog is down to five days from 15 weeks earlier this year.” [Machinery]
  • “A slow fourth quarter, and we’re clearly in a mild industry recession. However, demand is down less than 5 percent, and customer confidence of a recovery in the second half of 2024 is solid. Supplier deliveries are stable, and suppliers are seeking more work. But they’re not yet willing to adjust prices to compete for it.” [Fabricated Metal Products]
  • “Business is decent — not great, but steady and solid. We are meeting our sales and margin goals, but it’s definitely hard to guess the future.” [Furniture & Related Products]
  • “Commercial constructions continue to remain ahead of 2022. We have some concern over 2024 regarding inflation, as well as gas and oil pricing potentially slowing down building.” [Nonmetallic Mineral Products]
  • “Demand for raw materials/chemicals appears to be stable heading into the fourth quarter.” [Petroleum & Coal Products]
  • “Orders continue to increase in some sectors. Construction industry-related products/orders are slowing down.” [Plastics & Rubber Products]
  • “Despite the ongoing United Auto Workers (UAW) strike, there’s a firmness and pickup in orders for the rest of the fourth quarter.” [Primary Metals]

Read full report: ISM

RELATED CONTENT:

Manufacturing PMI® at 49%; September 2023 Manufacturing ISM® Report On Business®

Manufacturing PMI® at 47.6%; August 2023 Manufacturing ISM® Report On Business®

Fastener News, Manufacturing

By Uncategorized0 Comments
Read more...
in-the-news-with-fastener-news-desk-the-week-of-october-30,-2023
01Nov

IN THE NEWS with Fastener News Desk the Week of October 30, 2023

Here’s what’s happening in fastener industry news, acquisitions, and upcoming events the week of October 30, 2023.

Watch now at FastenerTV on YouTube: (10:01)

From touchdown in Sin City! The Fastener News Desk video showcases landing in Las Vegas kicking off the action-packed 3 days at the 2023 International Fastener Expo (IFE) held at Mandalay Bay October 9-11th. FND’s ‘That’s A Wrap’ exclusive video captures every vibrant moment of IFE 2023! Dive into the heart of the expo and discover why, after 40 years, IFE remains an unmatched beacon for the fastener industry! Read more and watch video:

Recapping IFE 2023: The Premier Fastener Expo Experience [VIDEO]

NEFCO, a leading specialty supply partner to the professional construction trades, has completed the acquisition of Edge Construction Supply (“Edge”). Edge is headquartered in Spokane, WA, and has eight additional locations in Washington, Idaho, Oregon, and Montana. This is NEFCO’s ninth acquisition since 2017 and brings the total number of NEFCO locations to 35. Read more:

NEFCO Completes Acquisition of Edge Construction Supply

Daniel Bossard, CEO of the Bossard Group has been awarded EY Entrepreneur of the Year in the Family Business category.

Daniel Bossard is CEO and representative of the seventh generation of the Bossard Group. The company is a leading global provider of solutions in industrial connection and assembly technology. Daniel combines exemplary leadership of family and company in a highly competitive market and across generations. Read more: 

The EY Entrepreneur of the Year™ 2023 Award Winner ‘Family Business’ Daniel Bossard, Bossard Group

Congratulations to Eurolink Fastener Supply Service on the Grand Opening of their new headquarters in Greer, SC. FND wishes the Eurolink team lots of success, prosperity and good times in their new facility!  https://eurolinkfss.com/

The Fastener Industry’s Favorite Podcast

Listen Up ThreadHeads and FasteNerds Fully Threaded Radion Episode 193 – Haul of Fame is LIVE! Join hosts Eric Dudas & Brian Musker ‘recent IFE Fastener Hall of Fame Inductees and the industry’s favorite podcasters with guests:

  • Rosa Hearn of BBI & Matt Boyd of Parker Fasteners
  • Eurolink CEO Craig Penland
  • Fastener Training Minute: Carmen Vertullo
  • BONUS CAMEO: Marty Nolan
  • Brian and Eric reflect on Vegas and all the help they’ve had along the way.

Tune in: https://www.fullythreaded.com/

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/

In today’s competitive market standing out from the crowd is crucial for sales success. Join the Midwest Fastener Association on Thursday, November 2nd 8:30 am – 4:30 pm. for The Power of Value-Added Selling featuring professional, speaker, sales trainer, and author Paul Reilly. Value-Added Selling is a game-changing strategy that allows you to outsell the competition while maintaining profitability. Register today at https://mwfa.net/

Mid-West Fastener Association

On November 2nd, The Mid-West Fastener association invites you to join them in celebrating the remarkable achievements of the MWFA 2023 Hall of Fame Inductees and applaud the accomplishments of the MWFA 2023 Scholarship winners. The event also provides an opportunity for you to cast your vote for the election of the MWFA Board of Directors.

The guest speaker for the occasion will be none other than Dirk Beveridge, promising attendees an inspiring and insightful experience. To register and get more info go to: https://mwfa.net/

Grow from novice to knowledgeable with Fastener Training Institutes Fastener Basics training. Learn the basics of fastener parts and increase your fastener knowledge advantage! The all-day training session is geared for individuals new to the fastener industry and those who need to know more about the products they sell. Fastener Basics Training is scheduled for:

Date: Thursday, November 16, 2023

Time: 8:30am to 4:00pm

Location: Union City, CA

Instructors: Kevin Chavis, Regional Manager, Star Stainless David Palmquist, Sales, Desert Distribution

Register: https://fastenertrainingevents.com/fastener-basics.htm

Join Pac-West for their After Hours get together in Newark, CA November 16, 2023, from 5:00 – 8:00 pm at BJ’s Restaurant and Brewhouse. Stop by and meet other people in the fastener industry and expand your professional network. Register: https://www.pac-west.org/

Fastener Training Week will be held in Los Angeles, CA. December 4 – December 8, 2023, 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. Fastener Training Week in Los Angeles, CA is hosted by the Pacific-West Fastener Association. Register now: https://fastenertrainingevents.com/los-angeles-2023.htm

Fastener News Desk is not just about the latest fastener news. We’re about transformative insights, actionable trends, and the big shifts shaping the industrial fastener sector.

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

If you would like to share your company’s news or events contact me, lisa@fastenernewsdesk.com.  Thanks for tuning in to this week’s episode of ‘IN THE NEWS’ with Fastener News Desk.

Sign up for the free FND newsletter designed to keep busy fastener professionals like you up-to-speed on “All things FASTENATING”!

    • Subscribe to receive our weekly newsletter:
    • Join the LinkedIn Fastener News Group:
    • Join the LinkedIn Fastener News Desk page:

RELATED CONTENT:

Fastener News Desk Celebrates the ‘Best Booth Award’ Winners from IFE 2023

Fastenal and the National Hockey League Announce Multiyear Global Partnership Extension

Fastener News, Fastener News Desk, Fastener TV, Fastener Women, Featured

By Uncategorized0 Comments
Read more...
the-ey-entrepreneur-of-the-year-2023-award-winner-‘family-business’-daniel-bossard,-bossard-group
31Oct

The EY Entrepreneur of the Year™ 2023 Award Winner ‘Family Business’ Daniel Bossard, Bossard Group

Entrepreneur Of The Year | EY - US

To become an EY Entrepreneur Of The Year™ one needs entrepreneurial spirit and leadership. Strong entrepreneurs have had the upper hand in the competition from the beginning.

Entrepreneurs are risk-takers. They weigh the options, invest in their vision and have an optimistic mindset. Of the average of 40 nominees per year, only four will become an EY Entrepreneur Of The Year. The following entrepreneurial leaders will have a shot at joining this exclusive circle.

Daniel Bossard, Bossard Group (ZG)

Winner Family Business

Daniel Bossard is CEO and representative of the seventh generation of the Bossard Group in Zug. The company is a leading global provider of solutions in industrial connection and assembly technology. Daniel combines exemplary leadership of family and company in a highly competitive market and across generations.

Content Source: EY 

RELATED CONTENT:

Bossard Acquires Penn Engineering’s® Distribution Business in Canada

The Bossard Group has acquired Jeveka

Fastener Industry, Fastener News, Featured

By Uncategorized0 Comments
Read more...
fnd-interview:-kala-milburg,-marine-fasteners
31Oct

FND Interview: Kala Milburg, Marine Fasteners

Kala Milburg | Sales Support | Marine Fasteners Inc.

Meet Kala Milburg, Sales Support at Marine Fasteners, and the recipient of the 2023 Women in the Fastener Industry (WIFI) Edith Cameron Scholarship. ​The scholarship is offered to WIFI Members requesting financial assistance to attend the International Fastener Expo in Las Vegas. Travel, accommodations and entrance to the show are provided to the recipient. The recipient has the opportunity to immerse themselves in the largest B2B expo for fasteners in No. America by participating in the many WIFI event and the WIFI show booth. FND had the chance to meet Kala at IFE 2023 and it was clear from her warmth and enthusiasm she was fully immersed in the IFE experience. She expressed how grateful she was to have been given this opportunity.

Meet Kala Milburg, the 2023 WIFI | IFE Edith Cameron Scholarship! 

Tell Us About Yourself

My name is Kala Milburg, and I’ve been a part of Marine Fasteners for a year and a half as a Sales Support Specialist. After spending over ten years in the Medical field I made the switch over to the world of fasteners. At that time, my dad had been in the Fastener Industry for three years and knew it would be an excellent fit. It was very intimidating starting and knowing next to nothing about fasteners. The switch out of the Medical field and into fasteners had to be the most challenging but rewarding changes of my life. 

What are your career goals?

There are two career goals I’m currently working towards. The first I would like to accomplish is becoming a certified Fastener Specialist to better assist our customers. My next goal would be to transition into a Sales Specialist role and expand my skill set. I’m interested in Sales because I have great interpersonal skills and am passionate about providing excellent customer service.

What activities are you involved in when you’re not working?

When I’m not working enjoy hiking, traveling, gardening, attending racing events, and doing arts & crafts with my kids. Also, I enjoy planning all the Indiana branch company events.

Who is your role model?

My role model would have to be my dad. He was a colossal influence in my decision to join the Fastener Industry and has the best work ethic I’ve ever seen. Always does what needs to be done. And has an ability to read the room and adapt to the given moment.

How does winning this scholarship impact your career in the fastener industry?

Winning the WIFI Edith Cameron Scholarship made a difference in my career by allowing me to get my name introduced to a plethora of people in the Fastener industry than I’d ever could have imagined. It was also a very eye-opening experience for me. It allowed me to see what all an Expo entails. From booth set-up and tear down to everything in between. It was a very important moment in the next step in my career. With Expos being a good portion of this business, it was extremely helpful to be able to experience that. I always see the representatives I assist going to them but was never sure what it encompassed.

How will you support others coming into the industry?

I plan to support others coming into the industry by sharing my knowledge and the information I found helpful. As well as the things I think would have been helpful for me just starting out. Such as fastener fundamentals, how to decipher our part numbers, and tricks with our computer system. Also, staying active and involved in the WIFI.

What did you learn/like most about IFE2023?

What I liked most about IFE2023 was how kind, helpful, and friendly everyone was. Even while being competitors, I witnessed some great friendships deeper than just work. Some new and many years long. So many people willing to help people outside of their company and expecting nothing in return was very uplifting. The Fastener Industry didn’t feel like a business it felt like a family, one that I’m proud to be a part of. I learned that shows are used for Increasing brand awareness, networking, and creating new business relationships. It is also a great place to see multiple current customers at one time.

Edith-Cameron-Fastener-Hall-of-Fame-Scholarship.jpg

About WIFI Edith Cameron Scholarship | International Fastener Expo

WIFI honors the memory of Edith Cameron, a pioneer in the fastener industry for 55 years. She was as devoted to her career in the industry as she was to her family and friends. She was a trailblazer in the industry for many years, inducted into the Fastener Hall of Fame in 1993 and encouraged many women to excel in the fastener business.

About WIFI

WIFI’s mission is to provide opportunities for women in the fastener industry at all levels of experience, to unite in order to educate, mentor and encourage one another, for the express purpose of advancing women in the fastener industry.   

Learn more about WIFI Scholarships and membership: https://www.fastenerwomen.com/scholarships

About Marine Fasteners

In 2008, Marine Fasteners was acquired by The Wurth Group to function as their primary stainless steel supplier in North America. Since then, Marine has continued to use their expertise in stainless steel and the marine industry to grow into new markets, including servicing the solar, curtain wall, and sporting equipment.

Website: https://www.marfas.com/

Contact: Kala Milburg | Sales Support | Marine Fasteners Inc. | Phone: (574) 338.3189

RELATED CONTENT: 

Recapping IFE 2023: The Premier Fastener Expo Experience [VIDEO]

Fastener News Desk Celebrates the ‘Best Booth Award’ Winners from IFE 2023

Fastener News, Fastener News Desk, Fastener People, Featured

By Uncategorized0 Comments
Read more...
nefco-completes-acquisition-of-edge-construction-supply
31Oct

NEFCO Completes Acquisition of Edge Construction Supply

NEFCO, a leading specialty supply partner to the professional construction trades, has completed the acquisition of Edge Construction Supply (“Edge”). Edge is headquartered in Spokane, WA, and has eight additional locations in Washington, Idaho, Oregon, and Montana. This is NEFCO’s ninth acquisition since 2017 and brings the total number of NEFCO locations to 35.

“Edge is an incredible family business that has built a reputation for being a highly reliable, service-focused distributor with high integrity and strong values. We are honored to welcome the amazing Edge employees to the NEFCO family where we share many of the same values,” said NEFCO CEO, Matthew Gelles. “The partnership with Edge brings NEFCO into the Pacific Northwest, furthering our expansion across the west coast as we work to achieve our vision to partner with contractors across every jobsite in America.”

“Edge Construction Supply is excited to take this next step to join the NEFCO team,” said Eric Grabowski, President of Edge Construction Supply. “Edge was started in 1949 by my wife’s grandfather and has deep roots as a family business. NEFCO is also a family business with similar core values focused around taking exceptional care of both employees and customers. Through this partnership, we will be able to expand both our footprint and product offering. NEFCO’s expertise in SHARP products, engineered pipe supports, and supply chain will benefit our current contractor customers throughout the Northwest. We know great things are ahead with NEFCO, and we could not be more thrilled to join forces with this thriving organization.”

For more information, email: Inquiries@nefcocorp.com, visit our website: GoNefco.com.

About NEFCO – NEFCO is a family owned and operated construction supply company providing a broad range of products and services to a large variety of professional contractors. With 35 locations throughout the United States, NEFCO provides localized, contractor-centric services including extensive industry expertise, large local inventories, fast dependable jobsite delivery, turnkey engineering services, and specialty fabrication and assembly of construction materials.

About Edge Construction Supply – Founded in 1949, Edge Construction Supply has been serving the commercial construction and industrial markets throughout the Pacific Northwest, with its headquarters in Spokane, Washington and eight additional locations in Washington, Idaho, Oregon, and Montana.

Acquisitions, Fastener News

By Uncategorized0 Comments
Read more...
recapping-ife-2023:-the-premier-fastener-expo-experience-[video]
29Oct

Recapping IFE 2023: The Premier Fastener Expo Experience [VIDEO]

Recapping IFE 2023: The Premier Fastener Expo Experience

Touchdown in Sin City! As our video showcases, Fastener News Desk landed in vibrant Las Vegas, kicking off the action-packed International Fastener Expo (IFE) 2023. Held at the magnificent Mandalay Bay from October 9-11, the IFE continued its legacy as North America’s most extensive fastener expo for 40+ years and counting!

Enjoy the FND ‘IFE 2023 That’s A Wrap’ exclusive video capturing every vibrant moment of IFE 2023 – from plane landings, keynotes, interviews, to the ribbon-cutting in the India International Section. Dive into the heart of the expo and discover why, after 40 years, IFE remains an unmatched beacon for the fastener industry!

STANDBY – VIDEO COMING SOON 

Highlights of IFE 2023:

Global Voices: Conversations with global industry pros brought insights from around the fastener world. An exclusive chat with Morgan Wilson, IFE Show Director who gave us some insights as to the strong attendance and exhibitors at IFE 2023.

Golfing in Style: The annual IFE Golf Tournament at Bali Hai Golf Club was a hit! 145 players across 37 teams teed off amidst breathtaking views of the Vegas skyline, merging competition with camaraderie.

Sunset Welcome: Over 1,000 industry leaders gathered at Mandalay Bay’s Daylight Pool. From networking to dancing, poolside cabanas to cigar rolling sessions, it was the perfect blend of business and leisure. 

Expo Floor Excellence: With 700 exhibitors, including 100+ first-timers, the expo floor buzzed with the latest in fastener tech, products, and services. Every turn was a new discovery!

Future Glimpses: Jake Hall’s riveting keynote on the future of manufacturing took us through the transformative realms of automation and workforce evolution. Coupled with educational sessions from industry mavens, knowledge sharing was in full swing.

Celebrating Achievements: The IFE Fastener Hall of Fame and Young Fastener Professional of the Year awards celebrated the best in the business. Cheers, applause, and emotional moments – a fitting tribute to industry stalwarts!

Coming Attractions! Be sure not to miss out on our next adventure. In 2024, Fastener News Desk will be celebrating 10 years of presenting the Best Booth Awards at the International Fastener Expo. Mark your calendars for September 9-11, 2024, back at Mandalay Bay, Las Vegas!  

Until next time, keep it ‘Fastenating’!

Fastener News Desk Celebrates the ‘Best Booth Award’ Winners from IFE 2023

2023 International Fastener Expo: A Year of Unprecedented Success!

Best Booth Awards, Fastener Expo, Fastener News, Fastener News Desk, Fasteners

By Uncategorized0 Comments
Read more...
fastener-news-desk-celebrates-the-‘best-booth-award’-winners-from-ife-2023
28Oct

Fastener News Desk Celebrates the ‘Best Booth Award’ Winners from IFE 2023

The prestigious Best Booth Awards, presented by Fastener News Desk, once again highlighted outstanding exhibitors at this year’s International Fastener Expo (IFE). Celebrating its 9th year, the awards continue to recognize outstanding booth designs that captivate, inspire, and engross thousands of show attendees.

Since its inception in 2014, the Best Booth Awards have served as a testament to the creativity, branding, and design prowess of exhibitors. The IFE show floor is a canvas for companies to paint a vivid picture of their brand, and this year was no exception.

During IFE 2023, the team at Fastener News Desk was on the ground, engaging with exhibitors, understanding the intricacies of their booth designs, and absorbing the vibrant customer experiences that each had to offer. An exhibitor’s booth is not just a physical space – it is a key touchpoint for companies to introduce their teams, showcase their innovations, and fortify customer relationships.

BEST BOOTH AWARD – Industrial Rivet & Fastener Co. [RIVET KING]

Best Booth Award Winner – Industrial Rivet & Fastener Co. stood out at IFE2023! At this year’s International Fastener Expo (IFE2023), Industrial Rivet & Fastener Co., popularly known as Rivet King, made a lasting impression. Their booth was the embodiment of precision, professionalism, and engagement, rightfully earning them the “Best Booth Award.”

Visually, the booth was a masterclass in design and layout. Clean, crisp, and spacious, it exuded an inviting ambiance, beckoning attendees from afar. Its balanced aesthetic, accentuated by clear signage, made it unmistakable that Rivet King was a specialist in their field.

But what truly set their booth apart was its meticulous product display. Organized and neatly showcased, speaking volumes about the company’s commitment to quality. This, paired with live demonstrations led by knowledgeable personnel, provided attendees with both a visual treat and an enriching learning experience.

Yet, the booth aesthetics were not the only standout, the Rivet King team – was just as commendable. Vibrant, friendly, and always ready to assist, they engaged attendees with warmth and expertise. Their enthusiasm for sharing product knowledge and details reflected Rivet King’s comprehensive approach to customer engagement.

In sum, Industrial Rivet & Fastener Co. didn’t just show up at IFE2023 – they arrived, fully prepared and packaged, setting a new benchmark for excellence!

Congratulations Industrial Rivet & Fastener Co. 

Website: Rivet.com

BEST CREATIVITY AWARD – Crossroad Distributor Source

The Crossroad Team clinches the Best Creativity Award yet again at IFE2023! This year’s riveting theme, “Paws for a Cause,” underscored their commitment to community involvement, focusing on assisting animal rescues. Embracing this charitable spirit, Crossroad rallied support for the non-profit, Troops with Paws, collecting donations to help equip a military veteran with a trained service dog. The expo buzzed with excitement as several rescue groups graced the venue with their lovable dogs, making Crossroad’s booth a magnet for attendees. And yes, I had the delightful chance to interact and even belly scratch some of these furry ambassadors! Kudos to Crossroad for their continued dedication, generosity, and, of course, the unforgettable furry encounters!

Past Best Booth Awards:

  • Best Creativity 2022
  • Best Booth 2019
  • Best Giveaway 2018
  • Best Customer Experience 2017

Website: CrossroadDistributorSource.com

BEST CUSTOMER EXPERIENCE (CX) AWARD – Parker Fasteners 

Parker Fasteners made their presence felt at every corner of IFE2023. Setting the festive tone from the get-go, they welcomed attendees with vibrant, lighted Hawaiian leis at the IFE Welcome Reception. Their involvement extended as a sponsor for the Annual IFE golf outing and unveiling significant partnerships, notably with the industry behemoth, Brighton Best International.

Throughout the expo, Parker Fasteners showcased exemplary engagement, ensuring their booth was a hub of activity and interaction. It was hard to miss the constant throng of attendees drawn to their dynamic presence. And they didn’t stop there – visitors were treated to an array of Parker swag, including the notable ‘Forging the Future’ T-shirts.

Their commitment to actively engage and immerse in the expo epitomized the perfect customer experience, earning them top honors. Well done, Parker team, for your outstanding participation and visibility at the show!

Past Best Booth Awards:

  • Best Creativity in 2018
  • Best New Technology in 2017

Website: ParkerFasteners.com

BEST GIVEAWAY – BTM Manufacturing

Tapping into the universal allure of coffee, BTM Manufacturing emerged as the star of IFE2023 giveaways. Recognizing everyone’s need for that caffeine kick, BTM generously offered their signature U-Bolt Blend Coffee and Spice Rub as delightful take-home treats. But they didn’t stop there.

In a masterstroke of branding and attendee pampering, BTM teamed up with IFE2023 to set up a full-fledged coffee bar smack in the center of the expo floor. This became an oasis for the early risers and those seeking a mid-afternoon pick-me-up. And, while I’m typically not one to reach for coffee, even I couldn’t resist a cup!

Every detail was tailored to amplify the BTM brand: from the branded napkins and cups to the k-cups and aromatic bags of freshly roasted coffee attendees could take home. This giveaway wasn’t just about the items – it was a sensory experience that ensured BTM remained top-of-mind during and well after the expo.

Website: BTM-MFG.com

BEST GROUP AWARD – Women in the Fastener Industry (WIFI)

At IFE2023, the spirit and dynamism of WIFI members were unmistakable. From orchestrating the animated Welcome Reception cabana to serving refreshments on the show floor, the women of WIFI took center stage. Their aptly chosen ‘SHEROES’ theme underscored the pivotal role and unwavering commitment of women in the fastener domain. I even joined the fun, channeling my inner fastener Wonder Woman for a snapshot!

Adorned in eye-catching pink capes and sporting their signature ‘Galvanized’ tee shirts, the WIFI team effortlessly became the expo’s epicenter, attracting and enrolling numerous new members. A clear message resonated throughout the expo: the WIFI women are here, and they are revolutionizing the fastener landscape. Watch out fastener world, WIFI women are on the move!

Website: FastenerWomen.com

BEST TECHNOLOGY AWARD – Continental-Aero

This year’s ‘Best Technology’ Award was a thrilling ride, both literally and metaphorically. Continental-Aero stole the spotlight with a booth experience that was nothing short of exhilarating. Their blend of real-world thrill with virtual reality transported attendees on a roller-coaster adventure. With the use of a virtual headset, visitors were taken on a heart-pounding journey as they experienced twists, turns, and complete inversions. The booth was abuzz with excitement, laughter, and (quite possibly) a few butterflies in attendees’ stomachs. This immersive experience demonstrated a perfect fusion of innovation and engagement.

It’s noteworthy to mention that Continental-Aero is no stranger to accolades. They were also the proud recipients of the Fastener News Desk ‘Best Booth Award’ Championship Belt in 2022.

Past Award: 2022 Best Booth Award 

Website: Continental-Aero.com

WATCH NOW ON FASTENERTV:

2024 marks the 10th year Fastener News Desk will present the Best Booth Awards from the International Fastener Expo in Vegas! Take this as your challenge. Reflect on the past, imagine the future, and bring your most ingenious, interactive, and inventive booth designs yet. So, as you gear up for IFE 2024, remember: this isn’t just another year. It’s a celebration of a decade of excellence, a chance to be a part of history, and an opportunity to shine brighter than ever.

Save the dates: September 9-11, 2024!

RELATED CONTENT: 

Fastener News Desk’s Best Booth Awards from IFE 2022 Announced

2023 International Fastener Expo: A Year of Unprecedented Success!

Best Booth Awards, Fastener Expo, Fastener News, Fastener News Desk, International Fastener Expo

By Uncategorized0 Comments
Read more...