Podcast Transcript:
INTRO: Cris Young:
Hello, fastener enthusiasts and industry professionals, Cris Young here LIVE in the FastenerTV studio! Welcome to your weekly roundup of the latest in fasteners—industry news, trends, upcoming events, and scholarships. Let’s dive into this week’s episode of In the News with Fastener News Desk!
HOST: Lisa Kleinhandler, Editor-in-Chief
Fastener News Desk. Reporting the latest news making headlines the week of November 18, 2024.
Watch now on FastenerTV at YouTube: (9:31)
IN THE NEWS
AFC Industries’ leading provider of customized inventory management and tooling solutions announce the acquisition of CH Peters, a well-respected name in the tooling industry, known for its high-quality products and exceptional customer service. The addition of CH Peters enhances AFC’s reach and capabilities within the tooling sector, allowing AFC to provide more comprehensive services and solutions to its growing customer base. This acquisition is part of AFC’s strategic initiative to expand its tooling expertise and deliver even greater value to clients through enhanced product offerings and technical support. Read full release:
AFC Industries Acquires CH Peters to Strengthen Tooling Solutions and Expand Service Capabilities
Endries International, Inc., a leader in industrial fasteners, class-c components and fulfillment solutions, announced the acquisition of Assembly Fasteners, Inc. (AFI), a distributor specializing in latches, fasteners, and hardware products and solutions. Founded in 1984 with the goal of providing superior products and services, AFI offers a variety of services, including Vendor Managed Inventory (VMI), Customer Managed Inventory (CMI), and iBinDrop, a stock management innovation giving customers more control over their stock. Read more:
Endries Strengthens Market Position Acquiring Assembly Fasteners, Inc.
White Cap Expands Operations with the Acquisition of TOOFast Supply. White Cap, the leading distributor of specialty construction supplies and safety products for professional contractors, has acquired TOOFast Supply, a supplier of professional grade tools and fasteners with four locations in Nebraska, serving commercial, industrial, agricultural and residential end markets. TOOFast Supply is now part of the White Cap suite of brands, branches and value-added services. Read more:
White Cap Expands Operations in Central Region with Acquisition of TOOFast Supply
Genesys Industries announced the acquisition of F3 Aerospace (F3). F3 Aerospace was founded in 1998 and is a leading manufacturer of structural aircraft components and assemblies for the aerospace sector. Read more:
Genesys Industries Acquires F3 Aerospace, An Advanced Aerospace Products Manufacturer
Triangle Fastener Corporation announced it had finalized an acquisition agreement with Pro Fastening Systems Inc. Terms of the deal were not announced. Pro Fastening Systems, Inc., founded in 1980, provides specialty fasteners and products nationwide to the construction industry. Triangle Fastener Corporation was acquired by the SFS Group in 2019. Read more:
FASTENER INDUSTRY VIP’S
- Mid-West Fastener Association 2025 Board of Directors
President: Jill Lewis, Associated Fastening Products
Vice President: Bobby Wegner, Beacon Fasteners and Components
Treasurer: George Hunt, Brighton Best International
Secretary: Matthew Delawder, SWD Inc.
- Krista Osborne, of BBI was nominated to serve as Vice President of the North Coast Fastener Association (NCFA) for 2025
- WIFI Joanne Sherman e-Learning Scholarship Recipients: Alicia Schnell – AFC Industries & Tiffany Kirchner – Elite Fasteners
Young Fastener Professionals
- Young Fastener Professionals Organization Fastener Training Week Scholarship Recipient: Thomas Cochran, Business Development Manager Threaded Fasteners Inc.
- Applied Bolting Technology Celebrating 30th Years of Innovation & Precision
- Field Fastener Celebrating 34 Years in the Fastener Industry!
FASTENER INDUSTRY EVENTS
THIS WEEK: Final Fastener Training Week of 2024 will take place in Cleveland this week at the HQ of the Industrial Fasteners Institute November 18-22. 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.
JINGLE AND MINGLE | Holiday Party Schedule
FASTENER POP QUIZ – Version: 5 (Coming Soon)
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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