Here’s the stories you need to be following in fastener industry news, acquisitions, upcoming events, and scholarship opportunities making headlines the week of May 6, 2024.
Watch now on FastenerTV at YouTube: (14:35)
IN THE NEWS:
Click Bond announced that Brandon Perlich has officially assumed the role of company President on May 1st, 2024. Perlich has served as Treasurer and Chief Financial Officer of the Carson City-based manufacturer since signing on with the company six years ago. Read more:
IperionX Limited (NASDAQ: IPX, ASX: IPX) and Vegas Fastener Manufacturing, IperionX and Vegas Fastener have agreed to partner to develop and manufacture titanium alloy fasteners for U.S. Army with IperionX’s advanced titanium products. Vegas Fastener develops and manufactures precision high-performance fasteners using specialized alloys to meet demanding quality specifications. Read full release:
IperionX and Vegas Fastener to Co-Produce Titanium Fasteners for U.S. Army
Economic activity in the manufacturing sector contracted in April after one month of expansion following 16 consecutive months of contraction, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. “The Manufacturing PMI® registered 49.2 percent in April, down 1.1 percentage points from the 50.3 percent recorded in March. The overall economy continued in expansion for the 48th month after one month of contraction in April 2020. Read more:
Manufacturing PMI® at 49.2%; April 2024 Manufacturing ISM® Report On Business®
Fully Threaded Radio Episode 199 – A Great Industry To Be In is LIVE! Find out how Jim and Adam Derry of Field Fastener continue to grow their successful family business. Bob Baer asks senior Baird analyst David Manthey to explain the inventory component of the Fastener Distributor Index. Plus, Fastener Fair USA show manager Blanca Delgado previews this year’s FFUSA coming to Cleveland May 22-23rd!. Brian and Eric keep things predominantly fastener related, hardly mentioning hydrogen embrittlement at all, and both agree that it’s good to be part of the fastener industry. Tune in now at FullyThreaded.com
We’re two weeks away from Fastener Fair USA, taking place at the Huntington Convention Center in Cleveland, OH on May 22-23! Fastener Fair USA is the premier exhibition in the U.S. dedicated to the full supply chain–distributors, mechanical and design engineers, purchasers, wholesalers and OEMs. Register today! Use promo code: FND2024 and get your FREE exhibit hall badge.
Go to: http://fastenerfairusa24.com/FND2024
FASTENER INDUSTRY EVENTS:
As Eric and Brian said in their recent episode of Fully Threaded Radio- A Great Industry To Be In…check out the list of upcoming fastener industry events including, Happy Hours, Distributor Social and the highly anticipated arrival of FFUSA in Cleveland!
Join the Southwestern Fastener Association for their Houston Happy Hour!! Meet up with Fastener Friends and family at Little Woodrow’s in the Heights for happy hour and fastener fun on Wednesday, May 15, 2024 5:30-8pm! Registration is requested. Go to: https://www.southwesternfastener.org/
Pac-West Spring Dinner Meeting & Vendor Showcase Thursday, May 16, 2024 in La Mirada, CA. In the ever-changing landscape of international markets, an expert panel will be discussing how to maximize the North American supply chain, including BABA the Build America, Buy America Act, AIS The American Iron and Steel provision, and other domestic programs. For more info go to pac-west.org
Don’t Miss the Boat! Prepare to embark on a maritime networking adventure as the NCFA proudly presents its 15th Annual Distributor Social aboard the Goodtime III, the largest quadruple-deck luxury ship on the Great Lakes on Tuesday, May 21st! https://www.ncfaonline.com/
Get ready to tee off and network with your fellow fastener industry professionals at the MWFA 2024 Screwed Up Open! This year’s event promises to be a day filled with fun, friendly competition, and valuable connections. Join the MWFA on May 30, 2024 at the White Pines Golf Club in Bensenville, IL. Register now at MWFA.net
Learn over lunch with The Fastener Training Institute’s Fastener Basics Four-Part Webinar Series. Students can learn over lunch and complete the training, next classes are scheduled for May 30th, & June 27th. FTI’s Fastener Basics course provides extensive fastener parts knowledge to those new to the fastener industry and to those looking to better understand fastener products. https://fastenertrainingevents.com/fastener-basics.htm
The Annual Northeast Fastener Distributors Association Scholarship Golf Outing will take place June 5th at the Southington Country Club. Sponsorships & golfer registration are now open – Save the Date and and Makew Sure to Reserve Your Space today! Go to: https://www.nefda.com/events/
Registration is open for the NFDA Annual Meeting and ESPS taking place in Irving, TX June 11-14, 2024. The NFDA’s premier event includes networking, one-on-one business meetings, education, and social time with industry friends. You won’t want to miss it! Go to NFDA-Fastener.org to register today!
Join Pac-West for their After-Hours event happening in Langley, BC. Stop by and meet other people in the fastener industry and expand your professional network at The Barley Merchant Taproom & Kitchen on Thursday, June 20, 2024 from 5:00 – 8:00 PM. Go to Pac-West.org to register today!
⚾️ Don’t Miss Out on the Ultimate Ballgame Experience with MWFA as they head to Milwaukee for an unforgettable day at American Family Field to see the ⚾️ Milwaukee Brewers take on the Pittsburgh Pirates! Friends and Family Welcome! Happening Thursday, July 11, 2024, at 1:10 PM. Hurry and reserve your tickets today! The deadline is May 11th or when tickets run out! Go to MWFA.net to reserve your tickets.
FASTENER INDUSTRY SCHOLARSHIPS:
National Fastener Distributors Association
NFDA Scholarship For Fastener Training Week will offer one scholarship valued at $2,800 Scholarships are available for NFDA members only. Scholarships can be used for any Fastener Training Week program in 2024 or 2025. Submit your completed application to the NFDA office by June 1. Apply now: https://www.nfda-fastener.org/fastener-training-week-scholarship
MARC STRANDQUIST MEMORIAL SCHOLARSHIP FOR FASTENER TRAINING WEEK has been announced by the NFDA and the Strandquist family. Marc worked for 37 years in the fastener industry. He was known for his industry knowledge, strategic perspective, leadership, and business acumen. Marc started his career in the fastener industry as a salesman in 1986 and worked his way up to the CEO of two different global fastener companies during his career. Marc’s family hopes this scholarship will help continue that drive for knowledge and growth into the next generation of fastener professionals. The Marc Strandquist Memorial Scholarship Fund will offer one scholarship for Fastener Training Week each year (valued at $2,800 each). The deadline to submit your completed application to the NFDA is August 31, 2024. Applicants will be notified of the Strandquist family’s decision in late September. Apply now: NFDA-Fastener.org
Women in The Fastener Industry (WIFI) honors the memory of Ann Bisgyer Wolz, co-publisher of Fastener Industry News with a Fastener Training Institute scholarship. Learn more about this incredible opportunity for training. https://www.fastenerwomen.com/scholarships Applications are due by June 14.
The Mid-West Fastener Association (MWFA) educational scholarship is just one of the many membership benefits. The scholarships= award is a minimum $1,500.00 for higher education. The MWFA has awarded over $950,000 from membership dues, donations & industry shows. Submit your MWFA scholarship at MWFA.net. The application by September 1, 2024.
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 & Instagram!
If you would like to share your company’s news or events contact me, lisa@fastenernewsdesk.com.
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Until next week, be well and keep it fastenating.
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