I’m Lisa Kleinhandler, Editor-in-Chief at FastenerNewsDesk.com
Reporting to you with what’s IN THE NEWS Week of October 18th, 2021
Watch now on FastenerTV at Youtube:
In Manufacturing News:
The US Census Bureau for August 2021 Manufacturing and Trade Inventories and Sales report was released on October 15. The combined value of distribu tive trade sales and manufacturers’ shipments for August, was down 0.1 percent from July, but was up 15.3 percent from August 2020. Manufacturers and trade inventories for August, were estimated at an end-of-month up 0.6 percent from July 2021 and were up 7.4 percent from August 2020.
The Producer Price Index by Commodity: Metals and Metal Products: Bolts, Nuts, Screws, Rivets, and Washers continues to rise with the September historic reading of 237.1, this data is retrieved from FRED, Federal Reserve Bank of St. Louis
The FAST pace keeps going In Fastener Industry Acquisitions News:
With BIG NEWS this afternoon from Brighton Best International as they have announced the acquisition of Vertex Distribution an industry leader in Stainless Steel in North America. The acquisition was structured as an asset transaction and will close October 31st, 2021
The Böllhoff (BOLLHOFF) Group has acquired the worldwide HELICOIL® trademark. The trademark was previously held by Stanley Engineered Fastening, a subsidiary of Stanley Black & Decker.
In Distributor Ecommerce News
Fastenal travels a fast road to more digital sales! The industrial distributor reported third-quarter electronic sales, including web and EDI transactions, amounted to $216.2 million, or 13.9% of total sales of $1.55 billion. When including vendor-managed inventory, Fastenal’s digital footprint is now 45% of sales, says CEO Dan Florness.
These stories featured in this week’s episode of IN THE NEWS can be found at FastenerNewsDesk.com
Upcoming Events in the Fastener Industry are…
Happening This week is the 2021 Pac-West and Southwestern Fastener Association Joint Conference. Happening on October 20 – 23, 2021 in San Antonio, Texas, for more info go to Pac-West.org
FastenerFairUSA rolls into Cleveland, Ohio for the next edition of Fastener Fair USA, happening November 8-10, 2021, at the Huntington Convention Center in downtown Cleveland.
Also upcoming from Reed Exhibitions is the Fastener Fair CONNECT a two-day online business trade, network and knowledge platform for all international fastener and fixing industry professionals on November 17-18, 2021.
Fastener Training Week is scheduled for November 29-December 3 in Los Angeles. The advanced technical training program is offered in partnership with the Industrial Fasteners Institute and is for fastener distributors, manufacturers, and end users. Fastener Training Week, hosted by the Pacific-West Fastener Association, offers five intensive days of education and plant tours as part of the acclaimed FTI Certified Fastener Specialist™ (CFS) advanced technical training program. RECEIVE THE EARLY BIRD DISCOUNT! Save $500 on registration for Fastener Training Week in Los Angeles when you register before November 1. Go to FastenerTraining.org to register today!
In Association News: We want you
If you interested in serving on the board of a fastener industry association there are opportunities to do so right now. Both the Mid-West Fastener and Southwest Fastener Associations are looking for new board members. If you have any interest in running for either of the Boards or would like to nominate someone you can contact
This week’s episode of in the news was sponsored by Product Genius Technology “Makes buying products easier”.
Register for the Fastener Industry Digital Landscape 2021 Report at ProductGeniusTechnology.com and find out how your digital footprint stacks up against other industrial suppliers.
If you would like to share your company’s events or news, or sponsor an upcoming episode of IN THE NEWS, contact me email@example.com for more info.
Thanks for tuning in to this week’s episode IN THE NEWS with Fastener News Desk. Keep shining out there!
Until next week, be well and Keep it Fastenating.
IN THE NEWS with FastenerNewsDesk.com | Week of October 11, 2021