It’s IN THE NEWS the Week of February 7th, 2022
Watch now on FastenerTV at YouTube: (10:19)
This week’s episode of in the news is sponsored by Product Genius Technology. Enhance customer experience with the industrial view for product search. Turn your sales team into product genius’s when selling complex product categories online.
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In Fastener News:
Fastenal Company released their January 2022 Sales report…Daily sales growth for fasteners grew by 20.9% and Safety products continues to be strong at 12.9%. Daily sales growth for national accounts was also strong at 19.0%.
During 2021 Fastenal Company signed 274 new Onsite locations (defined as dedicated sales and service provided from within, or in close proximity to, the customer’s facility).
Daily sales through eCommerce grew 45.2% in 2021 and grew 48.2% in the fourth quarter of 2021. Their Digital Footprint in the fourth quarter of 2021 represented 46.4% of their sales.
In other Fastener News
Wurth Industry NA announced the renewal of their exclusive partnership with the Fastener Training Institute as their Sustaining Sponsor for the fourth consecutive year! This sponsorship funds existing training programs, develops new industry-leading content, and supports FTI’s new virtual training platforms.
In 3D Manufacturing News…
The Wurth Additive Group adds Shining3D as a new partner, and Grant Michel as Channel Manager at Würth Additive Group. SHINING 3D, founded in 2004, focuses on the research & development, manufacturing, and application of high-precision 3D digital products. The company is committed to becoming a 3D digital technology company with global influence, promoting the popularization and application of 3D digital technology, offering accessible efficient high-tech solutions.
Wurth Additive Group: https://shop.wurthindustry.com/
In Acquisition News…
S.W. Anderson Company, a specialty and class C component distributor, has made two acquisitions: Jet Fitting & Supply Corp, a specialty and standard fastener distributor in Santa Ana, California, since 1946; and The M.E. Martin Company, a standard fastener distributor in Cleveland, Ohio, since 1994.
Jim Degnan, President of S.W. Anderson Company stated, “We’re thrilled to add both the Jet Fitting and M.E. Martin employees to S.W. Anderson,”. “Their ability to work on applications with customers will pair well with S.W. Anderson’s technical sales model and access to engineered products. We look forward to supporting our newly acquired customers with more products, services, and technical resources to help grow their businesses.” Read More:
Private equity firm Auxo Investment Partners will add to its existing capabilities in the fastener space with the acquisition of a Michigan-based manufacturer of rivets. The Grand Rapids-based Auxo today that it has purchased Securit Metal Products Co., a 70-year-old business. The company manufactures both solid and tubular rivets that are used in industries such as automotive, heavy transportation, construction and agriculture. “Securit has built an exceptional reputation for service quality, timeliness, and delivery — as well as an enviable workplace culture that you just don’t see every day,” Jeff Helminski, Auxo co-founder and managing partner, said in a statement. Read More:
Nucor Completes Acquisition of California Steel Industries. CSI is a flat-rolled steel converter with the capability to produce more than two million tons of finished steel and steel products annually. The company has five product lines, including hot rolled, pickled and oiled, cold rolled, galvanized and ERW pipe. Key end-use segments served by CSI include customers in the construction, service center and energy industries.
Rex Query, Nucor’s Executive Vice President of Sheet and Tubular Products said “We are excited to officially welcome our CSI teammates to the broader Nucor family,” “This joint venture gives us a strong presence in the Western region and grows our ability to produce an even wider range of value-added sheet products for our modern economy.” Read More: @NucorCorp
In overseas acquisitions…..
H.I.G. Capital Has Acquired a Majority Stake of Berardi Bullonerie S.r.l.. The investment will accelerate the development and growth strategy of the Berardi Bullonerie Group, a leading operator in the market for the #distribution of #fasteners. Read More:
The stories featured in this week’s episode of IN THE NEWS can be found at FastenerNewsDesk.com & on our twitter feed @FastenerNews.
Fastener Industry Events include….
Tuesday, February 8th 11am-1PM CST is the Fastener Training Institute’s Fastener Basics Like Never Before Webinar Series: Basics of Threads and Thread Gaging Co-produced by Industrial Fasteners Institute. Do you know the relationship between thread pitch and thread lead? Why the pitch diameter is so important? Register Now and learn. Go to FastenerTraining.org.
Wednesday, February 9th | Time: 2:00 PM ET
NFDA Virtual Roundtable Discussions | TOPIC: Does your company have a standard set of sales tactics that you follow? Take part in the NFDA’s Virtual Roundtable: Improving Sales Tactics Register at NFDA-Fasteners.org
Registration is required: https://nfda.memberclicks.net/index.php?option=com_mcform&view=ngforms&id=2113331#/ @nfdafastener
Thursday, February 10 from 3-4:30 p.m. PT
IF YOU LIVE IN THE SAN DIEGO, CA AREA there is a great opportunity to receive FREE IN-PERSON TRAINING! Join the Fastener Training Institute and AIM Testing Laboratory for an in-person educational program on Fastener Certifications and Test Reports.
Learn when fastener test reports are necessary, how to read them and best practices for managing and presenting data.
The event is free to attend, registration is required. Get details and register at FastenerTraining.org
Fastener Training Week of 2022, in-person training class is coming up February 21-25 at the Industrial Fastener Institute. The advanced technical training program is offered in partnership with Industrial Fastener Institute and is beneficial training for fastener distributors, manufacturers, and end-users. Fastener Training Week offers five intensive days of education and plant tours as part of the FTI Certified Fastener Specialist™ (CFS) advanced technical training program. After completing this industry training in a small group environment and passing a final exam, attendees are eligible for the Certified Fastener Specialist™ (CFS) designation. For more info and to get registered go to FastenerTraining.org Read More:
Fastener News Desk introduces new series:
Let’s Talk About It! Fastener News Desk wants to hear from you. In 300-500 words tell us what you think about: #stateofthefastenerindustry #supplychain, #pricing, #3DPrinting #Workforce #DigitalTransformation #eCommerce or something else you’re passionate about that effects the industry. Your entry could be chosen to be featured at Fastener News Desk, which includes a link to your website and promo in our fastener news communities.
Spring of 2022 Fastener News Desk will be opening online doors to The Fastener Museum, a collection of industry memorabilia that dates back over the past decades. We welcome all fastener companies to share individual digital images of your memorabilia with us to add to the Fastener Museum and help create the largest online collection of fastener related history.
If you would like to share your company’s events or news, or sponsor an upcoming episode of IN THE NEWS or add to the Fastener Museum email me: firstname.lastname@example.org.
Thanks for tuning in to this week’s episode of IN THE NEWS with Fastener News Desk.
Until next week, be well, be safe and Keep it Fastenating.
TAGS: #fastenernews #fasteners #customerexperience #eCX #distributors #ecommerce #marketplaces #data #productgenius #technology #gridview #privateequity #acquisitions #fastenerdistributor #sourcefasteners #fastenerdistributorindex #supplychain #distribution #WurthAdditiveGroup #Wurth #Shining3D #reverseengineering #LetsTalk