IN THE NEWS with Fastener News Desk the Week of January 8, 2024

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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 Booth Award winners!

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

LindFast Solutions Group Has announced that they have completed the acquisition of Hi-Q Fasteners. Hi-Q provides a complete line of Sems, Thread Forming and Machine Screws, Spacers and Standoffs and Self Clinching Hardware.

AFC Industries has acquired Chicago Industrial Fasteners (https://cifbolts.com/). Terms of the deal were not disclosed. Founded in 2003 by John and Cathy Price, CIF specializes in the supply of both standard and specialty fasteners to its customer base of original equipment manufacturers, hardware providers, and material fabricators that operate in a variety of end markets, including heavy trucking, automotive, agricultural equipment, and wind and solar power.

The Great Lakes Fasteners Group has acquired Frontier Fastener of Buffalo, New York, to continue its rapid growth plans serving manufacturers and other customers throughout the Northeast. Frontier Fastener has been a Western New York fastener favorite for over 50 years serving a wide variety of customers across many segments. Frontier specializes in special fasteners designed to customer specifications.

Jeffrey F. Koehl Has Been Appointed Chairman of SPIROL International Holding Corporation. Jeff joined the company in 1997 and has been serving as Chairman and Chief Executive Officer of SPIROL since his appointment in 2010. Jeff succeeds his father, Hans H. Koehl, who passed away on November 30, 2023. Read more: spirol.com

Würth Group has Appointed Dee Ward Senior Vice President of Wurth Industry Asia-Pacific & Africa. Dee is the former CEO of Marine Fasteners has demonstrated a history of leadership and business acumen in the B2B arena. Skilled in Leadership, Sales, Business Management, Nonprofit Organizations, and Volunteer Management.

The 2023 Fastener Distributor Index demonstrated a year of fluctuations and recovery in the fastener distribution market. The 2023 FDI overall average monthly reading, excluding December was 48. The year started with the FDI largely below the neutral threshold of 50, indicating contraction in the market. However, there was a notable shift towards the end of the year, with consistent improvement observed in the later months. The FDI reading in November maintained momentum with a 53.4 reading and the Forward-Looking Indicator surpassing a 50 reading for the first time since July 2022, signaling recovery, optimism, and continued growth moving in to 2024. Stay tuned for the December FDI reading!

Threadheads and FasteNerds tune into the NEW Episode of Fully Threaded Radio Episode 195 Fasteners Third R AI L. Join Brian and Eric as they wonder who actually writes the news. Listen in at: FullyThreaded.com

Join WIFI at the Women in the Fastener Industry Virtual Annual Members Meeting – January 16^th at 2PM ET, WIFI will dive into a comprehensive review of the past year’s milestones and an exciting preview of what’s to come! They will highlight key moments and celebrate wins, as well as unveil plans, initiatives, and opportunities that promise to elevate the industry and empower women fastener industry professionals even further. Join WIFI as they reflect and set their sights on an even brighter future! Save your spot and register today at FastenerWomen.com

Have you ever wondered why aerospace manufacturers take so many precautions to supply a product that are free of imperfections? During this live webinar the importance of workmanship will be explored. Register now for Workmanship – The Impact of Imperfections and Surface Discontinuities webinar Co-Produced by Industrial Fasteners Institute and Fastener Training Institute which takes place Friday, January 26 12:00 p.m. – 2:00 p.m. EST. Go to https://fastenertrainingevents.com/workmanship.htm for details.

Registration is now open for the Pac-West 2024 Spring Conference and Tabletop Show! The conference and Tabletop Show are scheduled for March 6 – 8 th in Anaheim, CA. The Spring Conference will feature next-level education, a tabletop show with more than 70 vendors and exciting activities including golf and an Anaheim Ducks hockey game. To register go to pac-west.org/

NFDA Seeking Nominations for the Fastener Professional of the Year Nominations.

The award was created by NFDA to honor individuals and companies that make a substantial positive impact on people’s lives. Membership in NFDA is not a requirement to be selected for the Fastener Professional of the Year award. Self-nominations are acceptable, or nominations can be submitted by others.

Go to nfda-fastener.org to nominate today! The deadline to nominate someone for the 2024 award is February 12, 2024

The Gilchrist Foundation is accepting applications for their 2024 scholarship! Providing scholarships and leadership opportunities for persons engaged in or pursuing careers in the fasteners industry. The application is available at: gilchristfoundation.com. The application is due by May 31, 2024.

Fastener Training Week will be coming to Cleveland, Ohio the week of April 8, 2024. Stay tuned for more details!

Remembrance…

The fastener industry sadly lost several industry veterans in 2023. Join us for a moment of reflection and celebration of life as we remember.

The stories featured in this week’s episode of IN THE NEWS can be found at Fastener News Desk or in our feed @FastenerNews at X.com the twitter rebrand, on LinkedIn in the Fastener News Group and @FastenerNews at Threads!

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.

Until next week, be well and keep it fastenating.

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