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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           Fastener News Desk Announces The 2017 Best Booth Awards Winners!           Best Booth Award Winner AMPG Gives the Nuts and Bolts of Their 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 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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R&D Tax Aspects of 3D Printed Fasteners

Fasteners are literally what hold the world together. A fastener is essentially any hardware that holds two objects together, such as bolts, nuts, screws, and anchors. Fasteners are found in everything from toys to highways. Advances in both plastic and metal 3D printing are making it possible to print hardware for a multitude of industries. Fasteners are usually manufactured using either machining techniques or forming (without cutting) techniques. Forming can be subdivided into hot forming and cold forming. Each of these manufacturing processes requires expensive machinery, multiple steps, significant labor costs, and is associated with challenging design limitations. 3D...

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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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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 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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