IN THE NEWS with Fastener News Desk the Week of March 27, 2023

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Here’s what’s happening in fastener industry news and events the week of March 27, 2023. (9:25)

Watch now on FastenerTV at YouTube (9:28)

Shannon Precision Fastener has officially opened their brand new 170,000 square foot, state-of-the-art manufacturing facility. When at full capacity this summer, the new facility will produce 750,000,000 fasteners a year.

The distribution and manufacturing center is the newest in a series of expansions by Shannon Precision Fastener, which manufactures precision engineered fasteners primarily for automotive OEM’s that include powertrain, chassis, and safety critical applications.

Shannon Precision Fastener was recently awarded the 2022 Supplier of the Year and Overdrive Award selected by a global team of GM purchasing, engineering, quality, manufacturing, and logistics leaders.

Acquisition News: Würth Baer Supply Company / Holdahl Company

Würth Baer Supply Company announced the strategic acquisition of the Holdahl Company, headquartered in Minneapolis, Minnesota. Holdahl has been in business since 1949 and has built a rich tradition as a reliable and innovative woodworking supplier in the Upper Midwest and several eastern Great Plains states. The addition of Holdahl will geographically expand Würth’s core woodworking and woodworking machinery business in Minnesota, North Dakota, South Dakota, Nebraska, Iowa, Wisconsin, and Northwest Illinois. All six sites will continue to be managed by current sales and operations management.

Fastener News Desk wants to hear from you for our NEWS Series: ‘FASTENATING’!

We’d love to learn about what’s driving your fastener distributorship or fastener manufacturing company forward!

Share your fastener success story with us today!” In 500-700 words tell us what’s happening at your business! Check out the details for story lines at the Fastener News Group on LinkedIn.

Your entry could be chosen for a FREE feature at Fastener News Desk which includes premium placement, link to your website, promo in the Fastener News communities, & feature in an upcoming newsletter.

Who’s up next? Submit your entry to lisa@fastenernewsdesk.com

Fastener Training Week in Cleveland, OH will take place April 3-7th. The Fastener Training Institute and the Industrial Fasteners Institute (IFI) continue their partnership to present Fastener Training Week — This robust program includes five 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. To register and learn more about any of the fastener training events we highlighted go to FastenerTraining.org

The Southeastern Fastener Association will hold their Annual Spring Conference April 24 – 26th in Miramar Beach, FL. SEFA invites members and fastener friends to attend the event in a great location. Attendees will enjoy a welcome reception, golf outing, cocktail hour, dinner, awards, and silent auction and much more! For more information about the event and to register go to thesefa.com

North Coast Fastener Association

The North Coast Fastener Association announces the 14th Annual Distributor Social happening on Thursday, May 4th in Independence, OH from 5 – 8pm. The Distributor Social is the largest networking event for the fastener industry in Cleveland and surrounding areas. The NCFA Distributor Social brings together many of the top distributors and supplier companies in the industry to network and socialize, while enjoying a few drinks, appetizers and desserts. The event continues to draw hundreds of attendees each year because of the simplicity it offers. The NCFA Distributor Social is just that, a time to be social with current/potential customers and industry friends, in a more casual setting than a traditional fastener shows.

If you’re attending the NCFA Social you won’t want to miss the opportunity to help Kerr Lakeside celebrate their 75th anniversary at an Open House on May 4, 2023 @ 10:00 AM. Founded in 1948 by the late Charles L. Kerr, the company remains a family-run institution that is now managed by the third and fourth generations. Registration is requested to be completed by April 20^th. For any additional questions, please email Charlie Kerr at CLKerr@kerrlakeside.com. Registration: Fill out form

Women in the Fastener Industry accepting applications for Margaret Davis Scholarship. Scholarship application submission will offer WIFI Members requesting financial assistance to attend Fastener Fair USA. WIFI honors the memory of Margaret Davis of ISSCO, INC/BTM Manufacturing. Member Applications are due by April 5th, 2023. Apply Now: https://www.fastenerwomen.com/scholarships

WIFI Introduces: Maryann Marzocchi Education Scholarship

Women in the Fastener Industry honors the memory of Maryann Marzocchi, Co-Owner of Distributor’s Link Magazine with a NEW scholarship. The $1,500 scholarship will be awarded to a woman to attend college or trade school. The recipient must have a female family member who is employed by a fastener company. WIFI accepting applications now. The Application deadline is June 5, 2023. https://www.fastenerwomen.com/scholarships

Dirk Beveridge of UnleashWD has announced the first human resources event for distributors, designed to challenge traditional thinking on HR and help independent distributors win the war on talent. Registration is now open for the UnleashWD Human Resources Summit for distributors, April 27-28, 2023 in Nashville, Tenn.

Seating is limited for this event be sure to register today to reserve your seat. To Learn more or register at https://events.unleashwd.com/HRSummit

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

If you would like to share your company’s events, news or sponsor an upcoming episode of IN THE NEWS or would like to add to the Fastener Museum 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, be safe and Keep it Fastenating!

What is the fastener industry?

Industrial fasteners refer to high-quality fastening products used in construction, automobile, aerospace, and marine industries. The industrial fastener market size has been valued at USD 91.73 billion in 2002. Forecast to reach USD 131.28 billion by 2030. Growing machinery, motor vehicles, and other durable goods production are likely to support the overall market growth due to economic expansion and high investment expenditure. Aerospace fasteners has the highest growth rate with CAGR forecast at 6.5% through 2029.

What is a fastener distributor?

A fastener distributor is a company that specializes in the supply and distribution of fasteners, such as bolts, screws, nuts, and washers, to various markets and industries. These distributors typically carry a wide range of fasteners in various sizes, materials, and finishes to meet the diverse needs of their customers.

Fastener distributors serve a variety of markets, including construction, manufacturing, automotive, aerospace, marine, and many others. Their customers can range from small businesses and repair shops to large industrial manufacturers and government agencies. By providing access to a wide selection of fasteners and related products, fastener distributors help their customers to save time and money by reducing the need to source and stock these items themselves.

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