IN THE NEWS the Week of June 20th, 2022

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In Acquisition News…

Endries International, a fastener distributor located in Brillion,WI has purchased Store Room Fasteners, a 38-year-old business based in Montgomery, AL. Financial terms were not disclosed. Company president Steve Endries said in a statement that “Endries is thrilled to welcome Store Room Fasteners into our family,” Tim has built an organization that mirrors what Endries was and is. The methodology and approach both companies follow is very consistent. We look forward to working with our new team members to improve our overall market offerings.”  @Endries_Int


REGISTRATION IS NOW OPEN for the 41st edition of the International Fastener Expo which will take place in Las Vegas, NV October 17-19th. The IFE is Largest B2B expo of Industrial Fasteners and Tooling & Machinery in North America. Since 1981, the event continues to bring together the manufacturers and master distributors of fasteners and other related products and services with distributors and sales agents in the entire supply and distribution chain. MAKE SURE TO Register by June 27 to save with the early bird discount rate!

IFE Exhibitors! With more than 300 companies already registered, space is running out to exhibit at this year’s expo. Don’t miss your opportunity to make an impact at the largest B2B expo for #fasteners, tooling & machinery! Go to https://fastenershows.com/exhibitor/exhibit-inquire/ to book your space!

GET REGISTERED early and SAVE with early-bird rates!  Click here


In 3D Printing News…

 

Fastener News Desk has special coverage of some ground breaking research from the University of Limerick in Ireland. Their School of Engineering as successfully manufactured 316L Stainless Steel bolts. They felt that the gap between how aerospace bolts have been designed and produced over many decades could be optimized by employing the advantages offered by AM technology. Read more:

 

 


In Fastener News…

The May seasonally adjusted Fastener Distributor Index (FDI) was essentially unchanged vs. last month, remaining in modest growth territory at 52.7. Container and import logistics constraints and slowing growth were consistent themes among respondents.

The pricing indices were also stable but at very high levels, as higher import costs and raw material pressures continue to drive out-sized fastener pricing. The Forward-Looking Indicator (FLI) was also consistent with last month at 55.4, as higher employment levels offset a weaker six-month outlook. Growth and overall market conditions in May were stable m/m, with the overall index indicative of continued but moderating growth.

The Fastener Industry’s Favorite Podcast

Hear more about this month’s FDI in the NEW Episode of Fully Threaded Radio. It’s episode #177 titled the Other Show. Tune in now at FullyThreaded.com!

 

 

 


Fastener Industry Scholarships:

Women in the Fastener Industry Association is offering two great scholarship opportunities!

WIFI honors the memory of Ann Bisgyer Wolz, co-publisher of Fastener Industry News with a scholarship for opportunity to become a Certified Fastener Specialist with the Fastener Training Institute. Deadline for applications is June 28th.

WIFI honors the memory of Joanne Goodman Sherman, co-owner of Industrial Rivet and Fastener with the Joanne Sherman THORS eLearning Scholarship which is currently accepting applicants! Application deadline is July 1.

Get more info about the scholarship opportunities and apply today at https://fastenerwomen.com/scholarships


 In Fastener Event News …

The National Fastener Distributors Association will host the 2022 NFDA Annual Meeting and Executive Sales Planning Sessions® (ESPS®) starting tomorrow and runs thru the 23rd. For more info go to NFDA-Fastener.org


The Fastener Training Institute

The Fastener Training Institute

The Fastener Training Institute’s Fastener Training Week in-person training class is scheduled for August 22-26 in Chicago. The advanced technical training program is offered in partnership with Industrial Fastener Institute and is for fastener distributors, manufacturers, and end-users.

Fastener Training Week, hosted by the Mid-West Fastener Association, offers five intensive days of education and plant tours as part of the FTI Certified Fastener Specialist™ (CFS) advanced technical training program. Attendees will be eligible for the Certified Fastener Specialist™ (CFS) designation.


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Save the dates: August 21-26th for the Midwest Fastener Association’s FSTNR WEEK! Get involved in a Charity Bed Building Event that benefits the Sleep in Heavenly Peace Organization, plus A Fastener seminar, golf outing and lots more! 👉 Registration and more info: http://MWFA.net

Twitter: @MWFA_News @ShpBeds


🏆 The International Fastener Expo Fastener Hall of Fame recognizes professionals who have made significant and enduring contributions to the fastener industry. This year marks the 40th anniversary of the IFE Hall of Fame Awards! Who do you think should be honored with this prestigious award this year? To nominate go to FastenerShows.com. The deadline to submit nominations is July 30th. Twitter: @FastenerShow


The stories featured in this week’s episode of IN THE NEWS can be found at Fastener News Desk or in our Twitter feed @FastenerNews and on LinkedIn in the Fastener News Group!


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Product Genius Technology’s services include, data cleaning and preparation, consulting, and strategizing. Contact ProductGeniusTechnology.com or call 1-800-fasteners to find out how to get started today.


Fastener News Desk is preparing for the grand opening of the Fastener Museum! The online museum will feature a collection of industry memorabilia that dates back over the past decades. We welcome your fastener company 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, news or sponsor an upcoming episode of IN THE NEWS or would like to add to the Fastener Museum 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, be safe and Keep it Fastenating.


Tags:

#FastenerExpo #FastenerNews #Fasteners #COVID #SupplyChain #Taiwan #distribution #fastenernews #fasteners #distribution #industrial $FAST #fastenernews #fasteners #workforce #training #fasteners #fastenernews #FSTNRweek #leadership


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