Category: Featured

Fastener News Talks With Fastener Fair USA at the Inaugural Event in Cleveland!

“More than 2,000 registrants attended the show representing professionals from the entire supply chain, exceeding the expectations of the show organizer, Mack Brook Exhibitions, Inc. There were over 250 exhibitors from 20 countries looking to connect with customers in the heart of the Midwest manufacturing region representing a variety of industries like distribution, automotive, aerospace, energy, civil engineering, and construction”.     Some of the Event Highlights and Sessions Included: Fastener Fair USA ribbon cutting ceremony The “Future of the Fastener Industry” industry expert panel sponsored by Earnest Machine Products, which attracted nearly 100 attendees looking for industry forecasts...

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Fastener Fair USA Review

April 13, 2018 | travelingsalesman    Fastener Fair USA was held in Cleveland, Ohio over the past three days.  I’m probably going to be a bit biased as Cleveland is my home town and the convenience factor cannot be ignored.  Still, I think the show was great, especially for an inaugural show. There were a lot of attendees from Ohio, Michigan, Pennsylvania, Indiana, Kentucky.  Speaking with show management during the show, they confirmed there was a lot of activity from those areas but they also assured me they will share demographic information with me in order to see who else was...

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International Fastener Expo Secures Dates Through 2020

FOR IMMEDIATE RELEASE North America’s Most Established Gathering of Fastener Industry Professionals Secures Dates for International Fastener Expo through 2020. Los Angeles, CA (April 12, 2018) – The International Fastener Expo (IFE), first established in 1981 and holding consecutive events for more than three decades, has secured the Mandalay Bay Convention Center for its annual prestigious event, through 2020. IFE 2018: October 30 – November 1 IFE 2019: September 17 – 19 IFE 2020: September 28 – 30 Event organizer Emerald Expositions has leveraged decades of relationship-building to secure the Las Vegas dates for an unprecedented multi-year contract, allowing...

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Tariff on Hex Nuts? Will Fastener Industry Take a Direct Hit?

April 6, 2018 / travelingsalesman / 1 Comment   I’m not an expert on tariffs but I do keep my ear to the ground to hear what is rumbling.  A note that passed my desk pointed out that President Trump’s next proposed round of tariffs would, in fact, affect HTS code 73181600 – the code for “Nuts made of Iron or Steel”.    That is correct, there could be a 25% tariff on hex nuts imported from China.  Folks, that a lot of hex nuts!  In fact, that might just be where a lot of all hex nuts you buy and sell are coming...

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How to get the most out of attending an event?

You only have so much time and energy throughout the year, so you may have to be strategic about the events you choose to attend. With so many options, what type of event is right for you? Are you looking to gain more industry insights? Then a conference might be the right fit for you. Do you care more about networking with as many like-minded peers as possible? Check out a convention. A good way to identify a suitable conference is to ask your clients about the conferences they attend. Conference: Focuses on larger industry issues and trends, and typically...

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AM Continues Rapid Ascent, Targets New Markets

CO). Additive manufacturing (AM), commonly known as 3D printing, is a vibrant and dynamic field. Each year, developments in AM allow organizations to create products that were previously unthinkable. Novel design methods, advanced materials and complex geometric features are some of the reasons why AM stands out among methods of manufacturing. It is causing nearly every industrial sector to rethink the way they might design and manufacture products. New AM system manufacturers, material producers and software developers, as well as interesting business models, are entering the market. They present endless possibilities for those in product development and manufacturing around...

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Connect And Collaborate With Your Peers at Fastener Fair USA

Connecting and collaborating with other professionals in your industry is one of the best parts of face-to-face events and we recognize how important networking opportunities are for the fastener and fixing industry. To that end, we have planned several networking opportunities to help you meet and build relationships with your industry peers.   Fastener Fair USA is turning out to be the industry show that you just can’t miss. Every week, new exhibitors, educational sessions, and events are being added to Fastener Fair USA, scheduled for April 11-12, 2018, in Cleveland, Ohio.   We spoke with Andrew Pfeifer, Business...

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IFI Letter to POTUS: Section 232 National Security Investigations of Imports of Steel and Aluminium

              February 22, 2018 The Honorable Donald J. Trump President The White House 1600 Pennsylvania Avenue, NW 20500   RE:  Department of Commerce’s Proposed Remedies under the Section 232 National Security Investigations of Imports of Steel and Aluminum Dear Mr. President: The Industrial Fasteners Institute (IFI) respectfully requests your consideration of the potential negative impacts on the U.S. fastener manufacturing industry from the proposed remedies presented to you by the Department of Commerce’s (Commerce’s) Section 232 National Security investigations on steel and aluminum.  In our view, the negative effects on downstream consumers of...

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Nucor Applauds Trump Administration Implementation of Steel Tariffs

CHARLOTTE, N.C., March 8, 2018 /PRNewswire/ — Nucor Corporation (NYSE: NUE) is pleased that President Trump moved forward today to implement the tariffs on steel imports he announced last week. For years, foreign producers have found every way possible to circumvent our country’s trade laws and it is time for the U.S. government to aggressively use all the tools at its disposal to ensure our economic security and national defense. Taking this comprehensive action makes it clear to foreign competitors that dumping steel products into our market will no longer be tolerated. “We thank the President for taking decisive and meaningful action to...

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Foreverbolt® Sets New Standard for Stainless Steel Fasteners

SIGNAL HILL, Calif., Feb. 4, 2016 /PRNewswire/ — Over 15 years in the making, NL-19 is Foreverbolt‘s proprietary lab-tested treatment that modifies the surface of stainless steel products, producing a brighter finish, increased strength, and superior corrosion resistance all without affecting the fastener’s exterior dimensions. The Foreverbolt NL-19 treatment is an advanced corrosion protection that can dramatically reduce future maintenance and repair costs. “Stainless steel fasteners have remained unchanged since their creation nearly 80 years ago,” explains company founder Patrick Vogel. “Under normal conditions ordinary stainless fasteners will corrode and fail, resulting in unwanted replacement and maintenance costs. The NL-19 treatment modifies the surface...

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Bossard Enters the Emerging Market of Additive Manufacturing

March 05, 2018 The Bossard Group is entering with three partners the emerging market of 3D printing. Together with its subsidiary KVT-Fastening, Bossard will present three different technologies at the Additive Manufacturing Expo in Lucerne from March 6 to 7, 2018. Cooperation partners for the Swiss market include TRUMPF (laser metal fusion), German RepRap (fused filament fabrication) and Henkel (stereolithography). These partnerships will allow Bossard to sell 3D industrial printers and related consumables (metal powder, filaments, etc.). Bossard will also act as a partner in consulting customers up to designing complex parts for 3D printing. The Bossard Group views...

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IFE Confirms Unprecedented American Access to European Markets at Upcoming 2018 Fastener Expo

FOR IMMEDIATE RELEASE Contact: Courtney Harold 323.817.2217 Courtney.Harold@emeraldexpo.com   Los Angeles, CA, February 27, 2018 – On the heels of record-breaking attendance at their October 2017 show, the International Fastener Expo partnered with Berlin-based EFDA (European Fastener Distributor Association) to bring a large delegation from 11 different European countries to IFE 2018. The EFDA represents 170 European-based innovators with collective sales of more than 4 billion Euros. EFDA’s “Securing the Future” documentation describes the global fastener industry with great concern. “Our sector is no longer a simple ‘box-shifter’ that can adapt overnight to changes in the regulatory environment.” As...

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How to Begin Your Digital Transformation Journey in Six Steps

The most discussed topic in business today is digital transformation, but it begs the question: Why? Before we embark on the journey of digital transformation, let us explore why this may be important.  Companies are in a constant cycle of creating value, monetizing value and defending value. While the cycle keeps repeating itself, the way a company goes about this cycle changes over time. Let us consider the example of value creation in the movie industry.  Twenty years ago, a movie producer may have relied on instinct, experience or basic market research to determine the type of movies that resonates with...

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Apex Supply Chain Technologies Unveils State-of-the-Art European HQ

HARTLEBURY, WORCESTERSHIRE — Apex Supply Chain Technologies® Ltd. has expanded its presence to better serve its growing European customer base. An official opening ceremony was held at Apex House, the company’s new facility in Hartlebury, Worcestershire, on Wednesday 7th February 2018 for customers, area dignitaries, industry partners and employees. More than double the size of its previous UK footprint, Apex House is a 46,000 square-foot facility bringing together employees from assembly, sales, operations, customer support and administration across multiple locations into a single, customer-focused facility. Central to this facility is a purpose-built, 3,750 square-foot Technology Centre, featuring the latest Apex solutions for...

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Imbera Puts Big Chill on Fastener Supply Problems

Some manufacturers make cool products, figuratively speaking. But, Imbera literally makes them. Founded in 1941 as Industrias Montiel, Imbera is the world’s largest manufacturer of commercial refrigeration units for liquid, food and dairy products. The company has plants in Mexico, Colombia, and Brazil, and it maintains manufacturing alliances in Argentina, Turkey, Pakistan and the Philippines. In addition, Imbera exports to 45 countries, has sales offices in eight of them and provides equipment maintenance in nine, including the U.S. and Canada. About two years ago, managers at the company’s Queretaro, Mexico, plant were forced to address a fastener supply chain...

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Fastener Fair USA to Bring Exhibitors from the Entire Supply Chain Together in One Place

  Fastener Fair USA is ramping up to be the “can’t miss” event in the fastener and fixing industry. Every week, new exhibitors, educational sessions, and events are being added to Fastener Fair USA, scheduled for April 11-12, 2018, in Cleveland, Ohio. There are three key reasons why you must attend Fastener Fair USA next year – Exhibitors Representing the Entire Supply Chain, Unique Industry Education and Insights, and Networking Opportunities. One of the most important reasons you should attend Fastener Fair USA is that we are bringing exhibitors from the entire supply chain together in one place, which...

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Diane Popovich Named President of Solon Manufacturing Company

December 2017 – Chardon, OH – Solon Manufacturing Company announces that current president, J. Timothy Dunn will assume the role of Chairman of the Board and appoints Diane Popovich as its new company president, effective January 1, 2018. Popovich holds the first female executive position in company history.   With his transition to Chairman of the Board, Dunn will take an active role in providing leadership to the organization’s officers and executives. Dunn joined Solon in 1979 after graduating from Ohio University. His career began in manufacturing as a lathe operator where he quickly developed his skills in operations...

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Rock Valley College Cold Forming Training Center Receives $20,000 Donation

Posted: Monday, December 18, 2017 On Friday, December 8, 2017, Preston Boyd, Industrial Fasteners Institute (IFI) Chairman and Fastener Education Foundation (FEF) Board Member along with Robert Hill, IFI Manager of Industrial Products Division visited Rock Valley College’s Cold Forming Training Center (424 Buckbee Street, Rockford) to present a $20,000 check to the training center. Dave Booker, Rock Valley College’s Cold Forming Training Instructor and Bernie Luecke, Rock Valley College’s Director of the Business and Professional Institute were presented the check from Boyd and Hill. “On behalf of Rock Valley College and the Cold Forming Training Center, it is with sincere...

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Photo Gallery: 2017 International Fastener Expo | Fastener News Desk

International Fastener Expo | 2017 Show Wrap-Up https://www.fastenernewsdesk.com/20254/international-fastener-expo-2017-show-wrap/           Fastener News Desk Announces The 2017 Best Booth Awards Winners! https://www.fastenernewsdesk.com/20060/fastener-news-desk-announces-2017-best-booth-awards-winners/           Best Booth Award Winner AMPG Gives the Nuts and Bolts of Their Booth Design https://www.fastenernewsdesk.com/20227/best-booth-award-winner-ampg-gives-nuts-bolts-booth-design/         Rotor Clip Hits It Out of the Ballpark with Diamond Anniversary Theme Booth...

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Fastener Fair USA to Bring Exhibitors from the Entire Supply Chain

  Fastener Fair USA is ramping up to be the “can’t-miss” event in the fastener and fixing industry, scheduled for April 11-12, 2018, in Cleveland, Ohio. Every week new exhibitors, educational sessions and events are being added.   An important reason to attend the show is seeing exhibitors from the entire supply chain together in one place. Whether you are a manufacturer, distributor, supplier, OEM, or end user, the show will offer a firsthand look at the latest solutions and technology available in the marketplace.   “Fastener Fair has been very successful in Europe especially, and we look forward...

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Fastenal Museum to Showcase Humble Beginnings: Public Invited to the Private Museum

Kyle Farris | Winona Daily Newes | Nov 24, 2017 On Nov. 28, 1967, a small hardware store opened for business at 69 Lafayette St.in downtown Winona, drawing little fanfare and even fewer customers.   Now, 50 years later, Fastenal is a Fortune 500 company and the largest fastener distributor in North America, supplying nuts, bolts, screws and more to residents of Winona and citizens of Taiwan. And next week, Winonans are invited to see the old brick store where it all started, now a museum filled with stories and artifacts from the earliest days of Fastenal.   “The museum is...

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Best Booth Award Winner AMPG Gives the Nuts and Bolts of Their Booth Design

Interview Series: AMPG The 2017 International Fastener Expo Best Booth award winners were recently revealed! The awards winners all deserve a virtual round of applause! Marketing a company, its products, team players and booth presentation at a trade show is an important task that takes creativity, thoughtfulness, marketing skills, and choosing the right team players to execute. This years Best Booth Award winner was chosen because of the unique usage and display of their products in their booth design. We were very curious to find out what had inspired this very creative booth.  We spoke with Matt Goldberg, CEO...

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BE AFRAID. BE VERY AFRAID.

By Susan Bloom Industry expert Justin King believes that distributors should be “terrified” following the recent launch of Amazon Business Prime.  Here’s why and how he suggests they compete with the online giant. On October 24, small businesses were rocked by an announcement they’d long dreaded—Amazon’s launch of ‘Business Prime Shipping,’ a service which offers business customers unlimited free two-day shipping based on a tiered pricing schedule (e.g., $499 for up to 10 users, $1,299 for up to 100 users, and $10,099 for over 100 users).  With the announcement—which represents the extension of Amazon’s profitable consumer-focused Prime service to...

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Fastener News Desk Announces The 2017 Best Booth Awards Winners!

FASTENER NEWS DESK PRESENTS THE WINNERS OF THE 2017 BEST BOOTH AWARDS   The International Fastener Expo (formerly the National Industrial Fastener and Mill Supply Expo) is the largest B2B of industrial fasteners and tooling & machinery in North America. Since 1981, the event continues to bring together the manufacturers and master distributors of fasteners, precision formed parts, fastener machinery & tooling and other related products and services with distributors and sales agents in the distribution chain. Held annually in Las Vegas, Nevada, USA, the event consists of an all-day conference program presented by endorsing fastener associations and a...

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Thinking outside the mold, with 3D printers that make objects of steel

A Metal X 3-D printer at Markforged in Watertown. Metal X isn’t built for speed, but it’s cheap enough to allow companies to buy them by the dozen and run them nonstop.   By Hiawatha Bray Globe Staff October 22, 2017   At first glance, there’s nothing high-tech about a stainless steel door hinge. Unless it’s made by Desktop Metal. But the company isn’t a Rust Belt relic — a metal-casting company left over from the glory days of America’s Iron Age. It’s a modern startup operating out of an office park in Burlington. Most everyone has seen or heard about 3-D printers...

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Fastener Company Acquisitions Completed During the First Half of 2017

About the Author: RICHARD P. HAGAN Richard P. Hagan is the president of Pinnacle Capital Corporation, a boutique investment banking firm which specializes in providing merger & acquisition advisory services to the global fastener industry.  Since its founding in 1993, Pinnacle has provided expert guidance and assistance to a broad range of fastener company clients – large and small, manufacturers and distributors, publicly-traded and privately-owned – in numerous countries around the world.  The majority of the projects undertaken by Pinnacle are sale / divestiture assign-ments. The firm also provides expert advice and assistance with acquisitions, strategic investments, joint venture...

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Manufacturing Day Youngstown Grows Again!

Manufacturing Day℠ is a celebration of modern manufacturing meant to inspire the next generation of manufacturers. Manufacturing Day is modern manufacturing’s biggest stage.  Manufacturing Day occurs on the first Friday in October — this year it occurred on Oct 6, 2017.  Each year more than 3,000 schools and manufacturers will open their doors and unveil the opportunities that lie beyond them to more than 600,000 parents, students, educators and other interested individuals to showcase modern manufacturing.  Since 2013 Hudson Fasteners, a Youngstown Incubator Portfolio company has organized and promoted the Manufacturing Day event in Youngstown, OH. Hudson Fasteners (1 Industrial...

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Fastener News Desks’ Best Booth Awards Return to the 2017 International Fastener Expo

Exhibitors are you ready for the 2017 International Fastener Expo in Vegas? The Fastener News Desk Best Booth Awards want you! Best Booth Awards recognize International Fastener Expo exhibitors for their booth design, creativity and branding. The awards are a way to honor and reward those exhibitors whose time, energy and effort went into creating their displays, that inspire and wow the attendees. We are very excited about the upcoming exposition, the new venue and seeing the creativity from this year’s exhibitors. There certainly will be plenty to choose from for the awardees, with over 850 exhibitors!  Be on the lookout for Fastener...

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The Fastener Show Inducts Field Fastener CEO into Fastener Hall of Fame

  FOR IMMEDIATE RELEASE The Fastener Show Inducts Field Fastener CEO into Fastener Hall of Fame                                                                                                           Los Angeles, CA (March 21, 2017) – The Fastener Show has partnered with The Fastener Industry Coalition to choose Bill Derry, Chairman and CEO of Field Fastener to be honored...

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How To Save The Life Of A Tradeshow Sales Lead

  Author:  Peter Gillett, CEO, Zuant Since the dawn of marketing, tradeshow and other in-person events have been the largest items in the B2B marketing budget, often exceeding more than 50 percent of the total budget. And yet, have you ever seen an ROI report on tradeshow activity proving this huge investment is paying off? If they exist they are as rare as Beluga caviar. Sadly, most event managers focus on creating great looking booths and coming home with a load of leads at the end of the show. There’s no regard for quality. It’s all about volume because...

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Top Tips OEMs Should Consider When Purchasing Automotive Fasteners

Automotive OEMs can eliminate or overcome production issues caused by fastening problems by using the design expertise of fastener manufacturers. However, not all fastener manufacturers are created equal. It is essential to choose a manufacturer who not only has the expertise and capacity to meet strict specifications, but also can incorporate design features that save on assembly time and cost, while improving the quality and resilience of completed assemblies. Buckeye Fasteners offers tips to help OEMs collaborate with their fastener manufacturers to optimize the design and production process associated with the installation of their fasteners.   Click Here to...

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Fastener Professionals Reflect on Mobile Training

The tale of training and upskilling has long been told. Imagine needing this training and having the solution arrive on your doorstep. Imagine the gift comes wrapped in black and turquoise with 18 wheels. The Cuyahoga Community College (Tri-C) mobile training unit is just that and the only imagination needed is for the future of possibilities that it offers. At the 9th annual North Coast Fastener Association (NCFA) Fastener Social on May 18, 2017, fastener professionals had the opportunity to take a look inside of the mobile unit. We spoke to a few of them on their way out.  “I found it to be...

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Student Teams Submit Prototype Product Designs for Rotor Clip Contest

Rosemary Astheimer challenges CGT 22600 (Introduction to Constraint-Based Modeling) students with a different project every semester, and Rotor Clip’s “Ring-A-Majig” contest provided the inspiration for this spring’s coursework. In the course, students focus on learning how to use Computer Aided Design (CAD) software and then applying what they’ve learned to create product designs and build prototypes of those designs which incorporate 3-D printed and laser-cut parts. “I like students to experience the challenges they will face when working in industry, including working in groups, coming up with designs that fit the requirements given to them, and then getting firsthand...

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National Industrial Fastener & Mill Supply Expo Hall of Fame Nominations are Open

Nominations for the National Industrial Fastener & Mill Supply Expo (NIFMSE) Hall of Fame are now OPEN! The NIFMSE ‘Hall of Fame’ was established in 1982 to recognize and honor those individuals who have made significant contributions to the betterment of the fastener industry. Individuals are not selected based solely upon their personal achievements, tenure, or the financial success of their respective businesses but, rather, what they did to further the industry as a whole. Nominees will be considered based upon contributions to their business, to industry education, to industry associations, patents, government involvement, and community service among others.  Last year’s...

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Fastener Company Acquisitions Completed During the Second Half of 2016

  In this issue of Link Magazine, we will briefly review the fastener company acquisitions completed during the second half of the 2016 calendar year (see Link Fall 2016 Issue, page 36 for the acquisitions completed in the first half of 2016). It is impossible to track every single fastener company transaction because many deals involving private companies are not publicly disclosed. That said, we believe the following list is the most comprehensive and detailed you will find. With forty-nine deals being consummated last year, Fastener industry deal-making remained strong last year and 2016 witnessed the most deals completed...

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Important Points to Know and Remember Under NAFTA When Doing Business in Canada

Did You Know: 70% of United States exports go to Canada?  NAFTA/US Relations   The North American Free Trade Agreement (NAFTA) is an agreement between Canada, the United States, and Mexico. Under the treaty, these three countries have agreed to remove their trade barriers. With the goal of making these countries more competitive globally, NAFTA’s members contribute more than $20 trillion as measured by BEA.gov. Currently NAFTA is the world’s largest free trade agreement. NAFTA has come under scrutiny and will have several revisions.  Whether you’re already exporting to Canada or not, it’s definitely a market you want to consider. If you are, there are...

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There’s No Place Like Home: 5 Ruby Reasons Why You Shouldn’t Build Your Brand on Rented Land

Digital media offers a lot of great avenues to promote business, social media being one of them. Whether it’s the road of Pinterest, Instagram, Facebook, Twitter, Snapchat, or any other social media platform, they connect you to your customers and raise awareness about your company and brand. However, what makes a company run is a conversion, or transaction, between a customer and your product or service.  While these avenues are excellent tools and offer options for transactions, they should not be the only area where your attention is concentrated. These social media platforms are constantly changing their algorithms. Remember the...

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Westgate Las Vegas Resort & Casino is the Official Hotel for This Year’s National Industrial Fastener & Mill Supply Expo

NIFMSE moves Welcome Reception party to the pool area at the Westgate, locks down lowest hotel rates, and added amenities for attendees, exhibitors and their guests during stay. National Industrial Fastener & Mill Supply Expo (NIFMSE) has announced the official hotel of this year’s expo is the Westgate Las Vegas Resort and Casino (Westgate). Located right next door to the Las Vegas Convention Center, the Westgate invested more than a $100 million in renovations, including the newly remodeled pool deck area where the official Welcome Reception party will be held this year. In addition, NIFMSE has worked closely with the...

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The Nuts and Bolts of Acquisition Activity in the Global Industrial Fasteners Market

In the past few years, major producers of industrial fasteners have completed a number of acquisitions and divestitures that reflect the size and competitive environment of the global industrial fastener market.  According to Elliot Woo, analyst with The Freedonia Group, this trend is expected to continue, with the industry anticipated to become more concentrated as manufacturing, product development, marketing, and distribution costs continue to climb. Diversification & Expansion of Fastners Offerings Via Acquisitions Leading industrial fastener suppliers have used acquisitions to broaden their product portfolios to include new products and strengthen their position in specific market categories.  For example, the largest recent...

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