IN THE NEWS with Fastener News Desk the Week of October 16, 2023

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Here’s what’s happening in fastener industry news, IFE 2023 Wrap-Up and upcoming events in the news the week of October 16th, 2023.

VIDEO: (13:24)

Fastenal Company has appointed Anthony P. Broersma as the Executive Vice President-Operations effective on October 11, 2023. In his new role, he will oversee supply chain, compliance, supplier development, content, property management, eCommerce, supply to fulfillment distribution, and logistics operations of the Company. Read more:

Fastenal Names New Executive VP of Operations

Fastenal beats profit estimates on strong demand for onsite products. Fastenal’s digital sales increased by 18% year over year to just over $1 billion. Total sales increased 2.4% to $1.85 billion. Fasteners, one of the core segments of the wholesale distributor, saw its sales fall to 32.1% of the company’s total sales, compared with 34.1% in the year earlier.

Fastenal added in its Q3 press release: “We believe our opportunity to grow our business will be enhanced through the continued development and expansion of our digital capabilities.” Read more:

Fastenal Company Reports 2023 Third Quarter Earnings

Fastener News Desk news series FASTENATING “Celebrating Your Success is featuring Norm Fasteners Celebrating 50 Years & Three Generations. In 1973, their journey started with a single double-stroke machine by founder Nedim UYSAL.

Today the journey has turned into a vision that competes with the world, develops without compromising on quality, produces with technology, and is full of success stories and awards. Norm Holdings creates value for their clients by providing full in-house production support with R&D, engineering, surface treatment, annealing, cold forming, molding, heat treatment, machinery and automation, coating, sorting, packaging and logistics services and fully integrated production facilities. Read more:

Norm Fasteners Celebrating 50 Years & Three Generations

BlackHawk Industrial, a market-leading distributor of metalworking and other mission-critical industrial products, announced today the integration of Big Red Fasteners into its fastener portfolio significantly bolstering the company’s fastener division. The game-changing integration marks an exciting milestone in the company’s ongoing fastener expansion effort and makes BlackHawk’s Fastener Division one of the most comprehensive and robust in the industry. Read more:

BLACKHAWK ANNOUNCES GAME-CHANGING FASTENER INTEGRATION

That’s a wrap on the 2023 International Fastener Expo that took place in Las Vegas last week. The expo was a great success with record-setting attendance and exhibitors from around the globe. The IFE Annual golfing outing was sold out in advance and the industry came out in record numbers to the IFE welcome reception party. Keynote speaker jake hall was well received by the fastener industry and got the audience ready for two busy days on the expo floor. Stay tuned for more coverage from IFE 2023 including the Best Booth Awards Announcement and more!

There were a couple of fastener company announcements to report on that happened at IFE 2023:

Brighton Best International and Parker Fasteners made a BIG announcement at the International Fastener expo in Vegas! Fastener News Desk joined Matthew Boyd and Rosa E Hearn at the International Fastener Expo in Vegas to get all the details about the partnership to manufacture and distribute socket cap screw products made in the USA.

Get all the details and make sure to scan the QR code to take a short survey for a chance to win some cool swag! Listen now: https://youtu.be/lVKomfQ5D58

Survey link: https://www.surveymonkey.com/r/BBI_PARKER Survey deadline: October 20, 2023

Brighton Best and Parker Fasteners Announce Manufacturing Partnership at IFE 2023 [Survey]

Optimas Solutions, a global industrial fastener manufacturer, distributor and service provider made an announcement at the International Fastener Expo. Optimas will open a cold form manufacturing plant in Monterrey, Mexico in the second half of 2024.

Optimas Solutions is one of only a few companies with in-house cold forming in the US, UK, and now, MX, which complements global distribution for fasteners and C-Class parts procurement.

Optimas’ World-Class Manufacturing Expands Capacity to Near-Shore Production in North America

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/

Würth Additive Group, in partnership with Marine Fasteners are hosting two 3D Demo Days events in Florida:

Orlando: 17th of October

Fort Lauderdale: 19th of October

Both Würth Additive Group and Marine Fasteners collaboratively serve manufacturers in markets such as food processing, hydro-industrial, and solar, offering industry-leading physical and digital inventory solutions, primarily focused on specialty fastening materials. The opportunities presented by additive manufacturing are vast and definitely worth exploring. Join the 3D Demo Day tour and dive into real use cases.

ISA Details its 2023 Fall Summit

Get ready to unlock the full potential of your professional growth at ISA’s Fall Summit October 18 -20^th in Orlando, FL! Prepare for an unforgettable 3-day experience where education blends with excitement and networking evolves into lasting connections. The agendas are designed to captivate and empower you, featuring a lineup of engaging sessions, interactive breakouts, and fun networking activities. Attend Fall Summit and leave energized, motivated, and equipped with the knowledge and tools to take things to the next level! Go to isapartners.org for more info.

The National Fastener Distributors Association Executive Summit will take place Wed Oct 25 -27 in Scottsdale, AZ. This year’s NFDA Executive Summit will provide you with context, perspective, real-world analysis, and tools to lead your organization in these times of great change. For more information go to https://www.nfda-fastener.org/

In today’s competitive market standing out from the crowd is crucial for sales success. Join the Midwest Fastener Association on Thursday, November 2^nd 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 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

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

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.