IN THE NEWS with Fastener News Desk the Week of November 20, 2023

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Here’s what’s happening in fastener industry news, upcoming events & holiday get togethers the week of November 20, 2023.

VIDEO: (05:39)

BGL Industrials Insider reports Industrial Distribution M&A remain Strong Amid Overall M&A Market Slowdown

Value-added Industrial Distribution remains resilient despite a lull in the broader M&A market, with major sector sub-verticals seeing consistent deal activity, according to a new industry report released by the Industrial Distribution investment banking team from Brown Gibbons Lang & Company (BGL).

Acquisitions remain a priority for capital deployment and are an important growth lever for product line and geographic expansion, enabling acquirors to take advantage of enhanced operating leverage and buying power achieved through increased scale.

Capital availability is keeping the industrial distribution M&A pipeline active across the major distribution subsectors as strategic and financial buyers display a robust appetite for new platforms and add-on acquisitions, which has carried through the year. Read more and download report:

Industrial Distribution M&A Strong Amid Overall M&A Market Slowdown

Professor Reinhold Würth and Bettina Würth Received an Honorary Award for entrepreneurial and social commitment at EY Entrepreneur of The Year™ 2023. With vision, passion, and integrity Reinhold and Bettina Würth have shaped the Würth Group into a global market leader in the development, production, and sale of fastening and assembly materials.

Professor Reinhold Würth and Bettina Würth Receive EY Entrepreneur Of The Year™ 2023 Honorary Award

The Fastener Industry’s Favorite Podcast

Listen Up ThreadHeads and FasteNerds Fully Threaded Radio Episode 194 – “Spheres of Confusion” is LIVE! Listen in with hosts Brian and Eric, as they wonder what Ed McMahon was up to with his clearing house…Tune in at https://fullythreaded.com/

Upcoming Events:

NFDA Virtual Panel Program | Using the Power of AI and Automation to Make Your Business More Efficient, Thursday, November 30, 2023, 11:00 AM PT / 2:00 PM ET. 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

Christmas Parties:

The Southeast Fastener Association (SEFA) will host their Holiday Party and evening of networking November 30, 2023, from 6-8PM Michael Waltrip Taproom! Register: thesefa.com

The Metropolitan Fastener Distributors Association will host the MFDA’s 25th Toys for Tots Dinner! Tuesday, December 5th, 2023, at the Sky Room – Hilton Hasbrouck Heights/Meadowlands – Hasbrouck Heights, NJ Register: https://www.mfda.us/calendar/

NCFA Holiday Bash at PINS MECHANICAL COMPANY December 7, 2023 @ 6:00 PM Tis the season to celebrate and the NCFA HOLIDAY BASH is the perfect way to start. Join us at Pins Mechanical Co. for some nostalgic old school entertainment with duckpin bowling and classic arcade games, all while enjoying handcrafted libations including cocktails, slush puppies, punches, mocktails and a variety of beer and wine. Your registration includes unlimited duckpin bowling, arcade games, drink tickets (4), bar food, reserved bowling lanes and seating area. Space is limited! Register today! ncfaonline.com

2023 Pac-West Holiday Party and Toys for Tots Collection Thursday, December 7, 2023. Holiday Inn, La Mirada, CA Back by popular demand, we’re having another casino night! The Pac-West 2023 Annual Holiday Party will again be a casino night featuring blackjack, craps, and roulette. Everyone will start the evening with a $500 chip and five complimentary raffle tickets. Also, everyone’s name will automatically go into several prize drawings without ever playing a casino game! Pac-West.org

MWFA Holiday Party – December 14, 2023. Come celebrate the holiday season and socialize with your fastener friends. Once again, the MWFA will be supporting Toys for Tots. Please be sure to bring an unwrapped toy or cash gift so that no child is left out this Holiday season. MWFA.net

MAFDA’s Annual Toys for Tots Holiday Party will be held Thursday, December 14, 2023, at the Mendenhall Inn in Mendenhall, PA. MAFDA.com

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.

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