Fastener News Report February 10 2020 Issue Flipbook Edition

February 10, 2020 Volume 6, Issue 2 INSIDE THIS ISSUE Specialty Screw Presents “President’s Award” to Lance Owen................................................2 Elgin Fastener Group Acquires Rockford Fastener NNi & Matrix Introduce Training Program.......2 Endries Acquires Fastener Service Corp. ........2 Elgin Fastener Group (EFG), Rockford, IL, USA, announced that it has ac- Taiwanese Threaded Rod Injures USA............3 quired Rockford Fastener, a manufacturer of specialty fasteners known for Bossard Increases Stake in Torp Fasteners.....3 offering excellent turnaround times, quality and customer responsiveness. Field Fastener Hits $100 Million Sales Mark....4 “The combination of Rockford and EFG creates an exciting opportunity for MacLean-Fogg Sponsors our company, for our customers and for our sharehold- Snowmobile Challenge..................................4 Optimas Appoints Strandquist, Tuffy & Daly...5 ers,” said Brian Nadel, EFG CEO. “The synergies from this EFC Partners with move support our core markets and deepen our reach Springfield Spring & Stamping......................5 Indonesian fastener market growth: 7.3%......5 into key distribution channels.” MiddleGround Capital Acquires EDSCO......... 6 Rockford Fastener is well-known for delivering quality products across Neildez is New LISI AEROSPACE CEO...............6 several product categories over its 40-year history. Product diameters range Sales & Net Income Table................................. 7 from #4 to ½\" and lengths up to 5\". Markets served include agriculture, Dividends & Conference Calls.......................... 7 ord Fastener transportation, commercial construction and general industrial end-markets. CAM Joins Stanley Black & Decker.................. 7 Unique to Rockford is the ability to rapidly quote fasteners and even begin Fastener Fair USA Board Adds Members.......8 ce it has acquiprerdoRdocukcfotriod n within a 24-hour window for rush jobs. MWFA Celebrates 74 Years..............................8 Subscribe, read or advertise @ www.fastenertech.com/FastenerNewsReport.asp excellent turnarou“nPdatirmtens,ering with Rockford emphasizes our focus on distribution and strengthens our core product offering into that channel,” states Joe Shoe- Presented by: t.un“iTtyhefosryonuerrgcmioesmafprkaonmeyr,th,foiVsr Pouor f Business Development for EFG. “The quality of the organization ribution channaelsn.”d the people was apparent when meeting with owners Nic and Matt & cross several pOrordmuctan. We are tremendously excited for what this move means for our m #4 to ½” anddliesntgrtihbsuuptioton customers and our ability to serve them more broadly.” dllycoqnusotrtuecftaiostne,naenrsdNagniecdneeOrvaerlnman, from Rockford Fastener said, “My brother Matt and I are ex- Initial Publications, Inc. 1741 Akron Peninsula Rd, cited, for ourselves and our employees, about being part of an organization Akron, OH 44313 USA nd strengthenstohuar ctowreilplrcodaurcrty Rockford Fastener and the legacy we have all strived to achieve Tl: +1 330 864 2122 • Fx: +1 330 864 5298 aDenteisnvfgeolrwoopitumhreodnwitsntfufrooeinrrbrsuEdwNtFieoiaGcnr.radEn“dTF.”hGe www.fastenertech.com Rockford Fastener joins a group of well-known product brands including Holbrook Manufacturing, Leland Powell, Northern Chip Lippincott Publisher Mike McNulty VP & Editor Wire, Quality Bolt, Chandler Products, Telefast and Ohio Rod Products. Jim Masar Senior Editor Tom Hutchinson Global Sales Manager are excited, fowr owurswel.veeslganind fasteners.com Sally Goss Sales Representative Rockford Fastener and the Würth Group Continues to Grow — Sets New Sales Record nddelrerEPFrGodiuncctlsu,dinTineg2lAeH0fcao1sclt9boarnvordodsk.inlagsttoyethaer’ps r€e1l3im.6i2nabriylliaonnnfouragl frionwanthcioafl4s.t8a%te.mIneGnte,rWmüarnthy, Group reported a €14.27 billion sales volume sales growth was modest at 2.1%. The Group achieved sales growth of 6.8% outside of Germany, with growth rates achieved in southern Europe at 15.3%, . We offer the largest selection in South America at 8.0% and in eastern Europe at 6.6%. ght highly regarded product However, despite this record sales ction runs while offering local growth, the Würth Group’s operating re- demand spikes. Our network sult amounted to €750 million, which was r ability to deliver over 1.3 gurations and 14 licensed some 13.8% below the previous year’s ...Since 1970 €870 million. According to the company, Forged Industrial Products this decline in operating result was mainly Leader in the Eyebolt Industry due to the gross profit margins being under pressure. It was not possible to entirely pass on increased purchasing prices to customers in the market. Toll-Free: 888-536-3674 Locally: 440-993-8091 Furthermore, the Würth Group continued to invest in the expansion of its Fax: 440-992-0360 business model and growth initiatives. www.wuerth.com www.kenforging.com Page 1

BUSINESS & MARKET REPORT Fenruary 10, 2020 Specialty Screw Presents “President’s Award” Notebook to Lance Owen for Outstanding Service NNi & Matrix Introduce Russ Johansson, Owner of Specialty President’s Award 2020 being Fastener Training Program Screw Corporation, located in Rock- given by Russ Johansson, A new 3-day fastener training ford, IL, USA, presented the Presi- Owner (l), to Lance Owen (r). program, “Fundamentals of dent’s Award to Lance Owen at the Threaded fasteners and Joint company’s Employee Service Awards provide value, exceptional quality and Design for Engineers & Holiday Luncheon, held on Friday, competitive solutions. and Designers”, takes December 20, 2019, at the Specialty place April 28 to 30, Screw plant. www.specialtyscrew.com 2020. The class will be The award was presented to Lance co-taught by Laurence Claus, Owen for his Outstanding Service. President of NNi Training and Lance’s contributions daily, broad Consulting Inc. and Jon Ness, range of skills, improvements, ability President of Matrix Engineer- to work as a team, dependability and ing LLC at the training facilities positive attitude were honored. of Semblex Corp. in Elmhurst The President’s Award, the company’s IL, USA. Offering a mix of fas- highest honor, recognizes employees tener technology and joint design who personally contribute to helping principles, this intermediate level Specialty Screw fulfill its mission to course is geared towards tech- nical professionals and anyone SFS sees improved operating financial year of 2019 amounted to wanting more than a basic un- results in second half of 2019 CHF 1781.4 million. This corresponds derstanding of the bolted joint. to an increase of 2.5% from the pre- SFS Group returned to organic vious financial year. Changes in the www.nnitraining.com growth in the second half of 2019, in scope of consolidation had a posi- the face of continuing tive effect of 4.4% on sales growth. Endries Acquires Fastener adverse market condi- Foreign currency translation had a Service Corporation tions, thanks to project negative effect of -1.3%. In organic Endries International, Brillion, ramp-ups. Group profitability also terms, full-year sales showed a WI, USA, has acquired Fastener showed a strong improvement over slight decline of -0.6%. the course of the year. Sales for the Service Corpora- full 2019 financial year increased www.sfs.biz tion, which was by 2.5% and was fueled primarily founded in 1989 by Don Dunn by the first-time consolidation of Tri- Grainger makes leadership and Lori Citti. Fastener Service angle Fasteners Corporation (TFC). change in on-line business Corporation provides fasteners Adjusted operating profit amounted and Class C commodities to the to some CHF 239 million, which Grainger, Chicago, IL, USA, a OEM market. The company has corresponds to 13.4% of net sales. leading broad line supplier of been a leader in Vendor Man- maintenance, re- aged Inventory programs and Guided by its clear focus on cus- pair and operating stocks over 20,000 items in its tomer needs and innovation trends, (MRO) products, has announced Morgan Hill, CA, USA facility. SFS is well positioned and was able that David Rawlinson, Senior Vice www.endries.com to defend its competitive positions President and President, Grainger despite the continuing challeng- Online Business, has left the com- Jackie Ventura ing environment in key markets. pany effective February 1, 2020, to Sales Representative This achievement was supported by the ramp-up of major projects, Phone: 330-467-0102 • Mobile: 216-338-8485 especially during the second half. Fax: 330-467-0108 • Email: [email protected] Sales increased by 3.5% in the second half compared to the figure Web: www.JackieVentura.com for the prior-year period, of which News & Notes: www.JackieVentura.Net 1.1% was organic growth. Organic sales growth in the first half was a Skype: Jackie.Ventura1 negative, at -2.4%. Twitter: @JackieVentura1 Consolidated sales for the full Page 2

BUSINESS & MARKET REPORT become the CEO of a newly formed Branch Manager. February 10, 2020 public company. Rawlinson joined BBI offers new products, an Grainger as Vice President, Deputy Notebook General Counsel and Corporate extensive inventory, world-class Secretary in 2012, and progressively service, top quality USITC Says Taiwanese expanded his experiences, taking products and a 24 Threaded Rod Imports on leadership of the on-line busi- hour on-line ordering website. Injure the USA Industry ness in 2015. The United States International www.brightonbest.com Trade Commission (USITC) de- “We congratulate David on his termined that a USA industry is opportunity and wish him well in Hi-Tech Fasteners expands materially injured by imports of his future endeavors,” said DG & upgrades Canadian facility carbon and alloy steel threaded Macpherson, Grainger Chairman rod from Taiwan, that the U.S. and CEO. “The on-line portfolio has Leading electronic hardware, Department of Commerce strong leadership and a talented fastener and component distribu- (DOC) has determined are sold team that is driving solid perfor- tor, Hi-Tech Fasteners (HTF), Buck- in the USA at less than fair value. mance. We are working through Chairman David S. Johanson our succession plan and expect to eystown, MD, USA, and Commissioners Rhonda K. make an announcement shortly. has announced the Schmidtlein, Jason E. Kearns, I’m confident MonotaRO and Zoro opening of its newly renovated Randolph J. Stayin and Amy A. will continue their successful growth and expanded distribution facility Karpel voted in the affirmative. by expanding the product line and just outside of Toronto, Canada. As a result, DOC will issue an an- adding more customers.” HTF made the expansion due to tidumping duty order on imports increased market demand and of this product from Taiwan. Grainger’s on-line portfolio in- growth in Canada. The expanded The Commission’s public report cludes MonotaRO in Japan and 10,881 ft2 site in Mississauga/Erin on this issue will be available Zoro in Europe, the UK and the Mills, increases HTF’s footprint in the February 13, 2020, at: USA. MonotaRO and Zoro make country and upgrades its Canadian purchasing easy through a stream- distribution capabilities. pubapps.usitc.gov lined and transparent on-line re- The expanded location provides lationship that provides access to new space for reconfiguring the Bossard Increases Stake everything a customer needs. The warehouse racking and shelving, in Torp Fasteners to 100% leaders of the Zoro and Mono- added space for guests and visitors Bossard Group is increasing its taRO businesses will operate under and an overall increase in efficiency. stake in Torp Fas- Macpherson’s leadership until a HTF is an ISO-certified, master- teners, Oslo, Nor- successor is named. stocking distributor of electronic way, from 60% to 100%. Bossard hardware, fasteners and compo- has held a stake in the specialist pressroom.grainger.com nents, distributing to customers in engineered fastening solutions globally. HTF has served the USA for since January 2015. In recent BBI announces Yvonne more than 30 years and has been years, Bossard has made much Martinez as new LA operating in Canada since 2013. effort to develop the demand- Assistant Branch Manager Also, Intertek, a 130-year-old ing Scandinavian markets. The leading quality assurance and parties have agreed to keep the Brighton-Best International (BBI), control company, certified by the purchase price confidential. Long Beach, CA, USA, would like to ANAB (ANSI National Accreditation announce that Yvonne Martinez is Board), awarded ISO 9001:2015 cer- www.bossard.com now the new Los Angeles Assistant tification to HTF’s newly expanded Canadian facility in November 2019, [email protected] www.ndindustries.com confirming the company’s status www.nationalmachy.com as a “Master Stocking Distributor and Service Provider of Leading Engineered Fastener, Component and Hardware lines specified by the Electronic, Telecommunication, Medical and Defense Industries.” www.htfinc.com Page 3

BUSINESS & MARKET REPORT February 10, 2020 Fie ld Fastener Achieves $100 Million Sales Goal Notebook Field Fastener reports it has achieved years, and this is still an approach that MacLean-Fogg to its goal of reaching US$100 million in Field Fastener prides itself on. Sponsor 2020 Clean Snowmobile Challenge annual sales. This accomplishment is The company puts focus on culture MacLean-Fogg is a Platinum Sponsor of the 2020 Society of a major validation of the commitment and investing in its team. With core Automotive Engineers (SAE) Clean Snowmobile Challenge to serve its customers and use its values like integrity, commitment, (CSC). This collegiate engineering design compe- culture as a competitive advantage teamwork, innovation, flexibility and tition provides its participants over the past 29 years. fun, Field has really put its mission with the opportunity to strength- en their skills by reengineering an “When the company went to Vegas statement to work: “To have everyone existing snowmobile to enhance environmental performance. to celebrate our 20 year anniversary, who interacts with us, LOVE US!” The modified snowmobiles then go on to compete in an array I boldly predicted we would continue As a thank you for all the hard work, Bill of events including emissions, noise, fuel economy/endurance, to grow at about 19% per year, and as and Jim are sending the entire com- acceleration, handling, static display, cold start and design. a result, would be a US$100 million pany on a trip to Cancun, Mexico, in company in eight to ten years,” said May of 2020. Field would like to thank Field Chairman, Bill Derry. “I believed all of its customers, suppliers and the it then, others started believing as we Field family, who have all played a grew and we all believe it now!” huge role in achieving this milestone. www.fieldfastener.com Bill and Jim Derry, brothers and owners of Field Fastener, purchased the business from Dick Field in 1990. The value proposition was clear from the beginning—be the best in the industry at reduc- ing costs from a technical approach to fastening and provide world-class VMI programs that always en- sure part availability while continuously improving pro- cesses. Fast forward 29 The team at Field Fastener. The winner of the competition New Auto Bolt website & independently owned manufac- is awarded the MacLean-Fogg packaging/shipping facility turer of quality fasteners since 1948. Cup, which is a trophy equivalent Auto Bolt specializes in offering both to and inspired by the NHL Stan- Committed to producing high- low and high-volume performance ley Cup. Names of all winning quality parts and providing cus- and commercial fasteners. schools since the competition’s tomers with exceptional service, inception are immortalized on Auto Bolt announces that its new Auto Bolt is a leading provider the Cup, which is interchanged website is now up and running. of fasteners for various industrial, annually to the winning school. Offering a look into its product line distribution and original equipment In addition to the possession of and capabilities, Auto Bolt’s rede- markets (OEM) and applications the Cup, the winning team also signed website now offers many to include truck and trailer, mili- receives a US$1000 prize from downloadable resources as well tary, construction and agricultural MacLean-Fogg. as industry-related blogs. equipment as well as automotive components. www.macleanfogg.com The company also announces that in the upcoming months, Auto www.autobolt.com [email protected] • www.heroslam.com Bolt will have a dedicated packag- ing and shipping warehouse. Auto Page 4 Bolt will be moving its shipping department to its recently acquired 30,000 ft2 building located right next door to its manufacturing plant. Auto Bolt, which is located in Cleveland, OH, USA, has been an

BUSINESS & MARKET REPORT Industrial fastener demand ond fastest among major national February 10, 2020 in Indonesia to grow 7.3% markets worldwide behind only In- annually through 2023 dia. Local manufacturing industries Notebook will see rapid gains, with the OEM According to the Freedonia motor vehicle market accounting for EFC Partners with Springfield Group study, Global Industrial Fas- 30% of sales growth. Japanese auto Spring & Stamping teners, the OEM motor vehicle mar- makers should continue investing in EFC International, which is lo- ket is the largest outlet for industrial Indonesian capacity, and firms from cated in St. Louis, MO, USA, has fasteners in Indonesia. However, other nations are also establishing recently announced the addition manufacturing markets in general a presence in the country. of air filter clips and specialty air account for a below-average share filter fasteners, manufactured by of sales by global standards. The Growth in the Indonesian econ- Springfield Spring & Stamping, country sustains significant markets omy will also support strong sales to the EFC product line. for industrial fasteners in mainte- gains for fasteners in the mainte- Springfield Spring & Stamping is nance and repair operations and nance and repair operations and a leading manufacturer of stan- construction, as the large popula- construction markets. The former dard and custom air filter holding tion contributes to sizable sales de- will benefit from the expanding frame clips in the United States. spite the underdeveloped economy. quantity of machinery in use in The filter clip product line is com- the country, while the latter will be plementary to EFC International’s Per the study, demand for in- boosted by growth in both residen- current HVACR product offerings dustrial fasteners in Indonesia is tial and commercial construction. including wire routing compo- projected to rise 7.3% per year to nents, caps, plugs, clamps, rivet- some US$1.1 billion in 2023, the sec- www.freedoniagroup.com nuts, panel fasteners, specialty nuts, bolts and screws. Optimas Solutions Appoints Strandquist, Tuffy & Daly To Its Leadership Team EFC International’s Paul Mus- Optimas Solutions, Glenview, IL, America. Prior to Optimas, Strandquist grove, said, “Commercial and industrial air filter manufac- USA, has appointed three industry oversaw companies in Europe, South turers, manufacturers of air handling units, air filter distribu- executives to the company’s leader- America and North America for Würth tors, contractors and building maintenance professionals will ship team including Marc Strandquist and GenFast. experience the EFC Difference in customer service, engineering as President of the Americas, Mike Mike Tuffy ascends to the new position assistance and local support through EFC’s global presence.” Tuffy as President of International and of President of International, leading www.efc-intl.com Kate Daly as Senior Vice President of Optimas across Eu- Global Human Resources. These in- rope, Middle East, dustry veterans will focus on business Africa and Asia. With growth and organizational strategy over 30 years of ex- while strengthening operations and perience in the fas- service excellence. tener industry, Tuffy “More than ever, it’s important to take will use his broad care of customers, supplier partners knowledge of commercial, sourcing and employees with a thoughtful and and operations to match customer personalized approach from industry- needs with Optimas solutions. Previ- experienced leaders,” commented Op- ously, Tuffy served as Executive Vice timas President/CEO, TJ Rosengarth. President, EMEA for Optimas and was “Marc, Mike and Kate bring a wealth of a key member of the acquisition team experience, operational expertise and that carved Optimas out of Anixter in proven records of results to help drive 2015. revenue growth and customer success Kate Daly brings over 25 years of lead- across the globe.” ership experience to Optimas as Se- Marc Strandquist brings over 30 years nior Vice President of experience in the of Global Human fastener distribution Resources. She will and manufacturing lead organizational business to Opti- development, talent mas. He will execute management and strategies that drive total rewards while revenue and port- supporting Optimas leaders in driving folio growth, improve operations and a high-performance and high-engage- enhance customer service across ment culture. www.optimas.com the USA, Canada, Mexico and South Page 5

Emmanuel Neildez is graduate of École Po Emmanuel Neildez joined LISI AEROSPACE in 2007, took on severalpoeprieordataiotnFaal umreacniaag, ehmeehnetladsvsaigrniomusenptso,saitnio BUSINESS Chief Operating Officer in 2017. & MARKET Chief Operating Officer in 2017. REPORTRemaining true to its values centered on people, the management team has the ambition to: Emmanuel Neildez joined LISI AEROSPAC February 10, 2020 Remaining true to its values centered on pe • pursue the company's growth in the aeronautical fasteners sector, Notebook • and to ensure the transformation of the Structural Components B•usinepsusrsGuerotuhpeicnotomapawnoyr'lsd gleroawdethr iinn itths MiddleGround Capital Acquires EDSCO Fasteners Emmanuel Neildez is New LISI AEROSPAC•EaCnd tEo enOsure the transformation o Private equity firm, Middle- LISI Group, Paris, France, has announced ambition to pursue the company’s growth Ground Capital, Lexington, KY, the appointment of Emmad\"IenhpaulovyeemfluelnlNtcosetnrfaiidltedegneycebzainseLdISoiInnAiEnthnRoeOvSaatPioeAnCr.”oE'ns ateuamtisctao lfufrathserteinncreearsse osuer ccutsotormaenr pdrotxoimity and pursue our USA, has completed its acquisi- as Chief Executive Of- ensure the transformation o\"fI thhavee fSultl rcuoncfitduenracel in LISI AEROSPACE tion of EDSCO Fasteners, a lead- EmCmoanmuepl oNenilednezt,s Business Groudepploinymtoentastrwatoegryldbased on innovation.” ing manufacturer of mission- ficer (CEO) of LISI AERO- critical anchoring systems for power transmission poles and SPACE as of January ChlieefaEdxeecrutiinveiOtsffimceraorfkLeIStsI A. EROSPACE Emmanuel Neilde other large steel structures. This 1, 2020. He takes over Chief Executive O is the fifth acquisition in Middle- “I have full confidence in LISI AERO- Ground’s inaugural fund and from Jean-Louis Colders SPACE’s teams to further increase our cus- the fourth platform investment MiddleGround has made in the to continue LISI AERO- tomer proximity and pursue our deployment past nine months. EDSCO’s anchoring systems SPACE’s growth as a lead- strategy based on innovation,” said Neildez. are predominantly embedded in concrete foundations and ing supplier of aerospace \"Fo“llFowoinllgoiwn tihnegfooitnstetphs eof Jfeoaon-tLsotueispCsoldoerfs,JEemamnan-uLeol Nueiisldez, with his industrial custom engineered to allow fasteners and structural components. tehxapCnertoieenlndcyeee,arhrssis,, hkEansomwamllel tdhageenqouufaetlhitleieNaseerreoiqlsdupiaereczde,tmowalerikathedt,LhaISnisIdAhiEnisRdpOureSssPe-AnCceE\"F.w”oiltlhoiwninthgeintetahmesfo structures to be securely placed trial experience, his knowl- experience, his kn on top of them. Each anchoring Jean-Louis Colders will remain within the system is designed for its loca- LISI Group until June 2020 to support its Ememdangueel Voiefllatrdh, e aerospace than ten years, ha tion and usage, factoring in soil, weather conditions, temperature development initiatives. ChmiefaErxkeceuttivaenOdfficherisof LpISreI sence Emmanuel Viellar and angle. Predominantly serv- Chief Executive O ing utility transmission and distri- Emmanuel Neildez is graduate of École within the teams for more bution structure manufacturers, EDSCO products include anchor Polytechnique and École Nationale des than ten years, has all the cages, 18J rebar bolts, smooth bar bolts, bolt hardware, plates Ponts et Chaussées. During his ten-year __ qualities required to lead and other fabricated products. MiddleGround’s, Lauren Mul- period at Faurecia, he held various posi- AboLuItSLISI I AGroEuRp OSPACE,” said __ holland, said, “EDSCO has done an excellent job of establishing tions from production, projecLItSmI is aa gnloabagl iendmusetrianl gtroup sEpemcialmizedainn tuheemlanVufiaectlulraingrdof ,higCh hvaileuef-added assembly and componeAnbtsosuotluLtIiSoInGs froorutphe itself as a market leader by of- fering best-in-class product and to industrial strategic managaeutmomeotnivet.aNndemielddicealzindustrEiesx. eThcanuktsivtoetheOcofmfimcietmren\"t(oCf itEs 1O2,)50o0 femLpIloSyeIesGinr1o3ucpou.ntries over 4 continents, LISI service to its customers and po- insa2les0o0f 17.6, btiollioon keuroosnin 2018. The Group is listed on the Paris Stock ExchaLnIgSeI .is| awgwlwob.laislii-ngdrouusptr.icaol gmroup specialized in the m sitioning itself for expansion into joined LISI AEROSPACE adjacent end markets.” LISI Group is a global industraiautlomoortgiveaannidzmaetdiiocanl industries. Thanks to the several operational managCEemomnmtaaecntun:eltVIaELsLsARigDn–[email protected] the manusfaalecs touf 1r.e6 biolliofnheuigrohs in 2018. The Group is lis www.middlegroundcapital.com ments and became Chief Operating Officer value-added assembly andConctaoctm: ponents (COO) in 2017. solutions for the aerospace, aEmumtoanmueol VtIiEvLeLAaRDnd– emmanuel.viellard@lisi- Remaining true to its valuePsrescs eRenletaesere– dJanouanry 14, 2m02e0 dical industries. people, the management team has the www.lisi-group.cPoremss Release – January 14, 2020 DDEECCEEMMBBEERR 22001199//JJAANNUUAARRYY 22002200 FFEEBBRRUUAARRYY//MMAARRCCHH 22002200 SAE International names mobility knowledge and solutions Board Officers & Directors for the benefit of humanity. DECEMBER 2019/JANUARY 2020 SSeerrvviinngg MMaannuuffaaccttuurreerrss,, DDiissttrriibbuuttoorrss aanndd EEnndd UUsseerrss F a s t e December2019/January2020 FEBRUARY/MARCH 2020 SSeerrvviinngg MMaannuuffaaccttuurreerrss,, DDiissttrriibbuuttoorrss aanndd EEnndd UUsseerrss F a s t e February/March2020 REBUILD & UPGRADE...P. 46-51 F o c unse rIn this issue...FaFstoeRcnueepsrerDedsiNesntertiwabtsuiv,tIoensr,fso,OrImEmMaptosioratnnerdasn,EdMnPdarnUoudsfeuarccstt.usrfeorr’s TOP PRODUCTS OF 2019...P. 56 & P. 134 The general membership of SAE www.sae.org Construction Fasteners...92 F o c unse rIn this issue...FaFstoeRcnueepsrerDedsiNesntertiwabtsuiv,tIoensr,fso,OrImEmMaptosioratnnerdasn,EdMnPdarnUoudsfeuarccstt.usrfeorr’s International, Warrendale, PA, USA, WWW.FASTENERTECH.COM Presented by... Presented by... has elected the follow- Bossard Q4 Sales WWW.FASTENERTECH.COMwww.fastenertech.com FF News & Info www.fastenertech.com ing officers to its Board & Financial Year 2019 of Directors. Officers and Directors FASTENER TECHNOLOGY INTERNATIONAL FF News & Info FASTENER TECHNOLOGY INTERNATIONAL FebruaryP/NMa.YrchSF12eW02D1uT0 aI5JAhlhcSraiTe/caapAshPetnReofeaistninDseccsTdir-tW,hrmWshCaYaaeeivo1ert0geadnrKsnolrtMteMi?ivenMnyiargonutenafouiSennntategodilnseCgswom.itahn... began their terms on January 15, Fourth quarter 2019 sales at 2020. Bossard Group amounted to some Process Control...62 P. 69 TESTING & GAGING...6CTS6ETimpOheeoOnfT’dKGrsae.Lve1.0eHfflueMiny,igentuSttaelseswmitahn... Page 60...Hot • 2021 President: Jeff Hemp- CHF 206.8 million for Forming of Fastener December 2019/JanuarCy 2H02o0oiwledtoSIpnrsitnagllPain Heat Treatment...92 • hill, VP/CTO, Schaeffler Group a 2.5% drop as com- Fastener Focus Thread-Locking & Locknuts...140 America pared with CHF 212.1 million in Q4 Heads & Pins Focused News, Information and Products for Fail-Safe JointsPresentedby... Fastener 2018. Net sales for the year at were Fastener Distributors, Importers, Manufacturer’s www.fastenertech.com • 2020-2022 Commercial Vehicle CHF 876.2 million, 0.6% higher than Vice President: Michael Weinert, CHF 871.1 million in 2018. Representatives, OEMs and End Users. VP, Engineering & Manufactur- ing at (retired) John Deere Bossard Group faced a chal- In this issue... Fastener Exhibits TOOLING...108 Focus lenging market in 2019. Sales of Preview: 66-89 • 2020-2021 Treasurer: Andrew CHF 876.2 million were in the upper FF News & Info FFPfRroPRoCerrodoostuhudnpnecusodttcnSsrutdtuspaaec:ntdtSediou-tooTnpefOp-FctluahhirseentrC-oesAalnroletlgiryns Focused News, Information and Products for Presented by... Jeffers, Global Products Group, range of previous expectations. Fastener Distributors, Importers, Manufacturer’s Engineering Group Mgr. at GM When adjusted for acquisitions, The Traveling Salesman 2019 sales fell by 3.3%. But in spite Spends 10 Minutes with... Representatives, OEMs and End Users. www.fastenertech.com Todd Zarfos, Vice President-Engi- of the weaker economy, the trade Tim O’Keeffe, neering, Washington Design Center dispute between the USA and Vol. XLII, No. 6 CEO of G.L. Huyett Vol. 43, No. 1 In this issue... LToHhMcTarkAoellnFpaoDudPftAlrsFooHaRcdomkouliuiecndntDgasdiy&nuoPnpfae2rr0ty19& at The Boeing Company, who is China and the increasing strength FF News & Info serving as the 2020 President, was of the Swiss franc, the Group saw How to Install a The Traveling Salesman elected to his position last year. continued growth in Europe and Coiled Spring Pin Spends 10 Minutes with... Asia. In America, increasingly dif- Jason Wagner and A complete list of SAE Interna- ficult economic conditions led to Fail-Safe Joints Ilian Dimitrov of tional’s Board of Directors can be decreased sales. The Richard Manno Co. found at the website listed below. Construction Fasteners What is the Key to www.bossard.com Roundup: Suppliers Success, Continuing SAE International is a global as- Responded to Our Call Year After Year? sociation committed to advancing for the State-of-the-Art in NFDA/Pac-West Meeting Products and Technology Top Products of 2019 FF Products MAFDA Holiday Party & Hall of Fame Dinner Threadlocking & Locknuts Roundup Read Fastener Technology International (FTI) online at www.fastenertech.com. Free subscriptions for fastener manufacturers, distributors and users as well as suppliers to the industry. Page 6

BUSINESS & MARKET REPORT Sales & Net Income Table Net Income %∆ February 10, 2020 Company Sales %∆ Arconic Inc. 3401 -2.0 309 225 Notebook 5.9 Fastenal Company 1277 3.7 179 (51) Consolidated Aerospace 5.6 Manufacturing (CAM) Joins Grainger 2847 3.0 103 (12) Stanley Black & Decker 286 Consolidated Aerospace Man- Illinois Tools Works Inc. 3469 3.1 641 (8.7) ufacturing, LLC (CAM), Brea, CA, USA, has entered into an agree- MSC Industrial Supply Co. 824 -1.0 65 ment to be acquired by Stanley Black & Decker, Inc. Stanley Black & Decker 3714 2.2 199 This transaction is subject to regulatory approvals and other WESCO International, Inc. 2099 4.4 53 customary closing conditions. CAM designs and manufactures Latest Quarterly Sales/Net Income (Loss) in US$ millions. %∆ relative to 2019 quarterly data. innovative, highly engineered hardware and fastener solu- WESCO & Anixter Würth expands partnership tions for demanding aerospace enter merger agreement with UTI for 2020 NASCAR applications worldwide. CAM is controlled by Tinicum Inc. WESCO International, Inc., a Wurth USA and the Universal provider of electrical, industrial and Technical Institute (UTI) have an- CAM’s products include fasten- communications MRO/OEM prod- nounced a partnership expansion ers, fittings, couplings, latches, ucts, construction materials, ad- for 2020 at NASCAR Technical Insti- quick release pins, tubing sub- vanced supply chain management tute in Mooresville, NC, USA. assemblies and other complex and logistics services, and Anixter components and assembled International Inc., a global distribu- To celebrate, Richard Schiavoni, products. The company was tor of Network/Security Solutions, head of Würth Academy and a 33- founded in 2012 and has con- Electrical/Electronic Solutions and year veteran of Wurth USA, was solidated eight businesses that Utility Power Solutions, have an- joined by his team of six Regional each carry strong brands, indus- nounced the unanimous approval Trainers, along with John Dodson, try-leading technical expertise, of a definitive merger agreement UTI’s VP Business Alliances; Tony deep customer relationships under which WESCO will acquire Frassetto, UTI’s Senior Account and over 40 years of history Anixter in a US$4.5 billion transac- Manager, Business Alliances; and in providing industry-leading tion. Anixter’s prior agreement to be Jennifer Bergeron, Campus Presi- service and solutions to com- acquired by Clayton, Dubilier & Rice, dent; for a ribbon-cutting ceremony mercial aerospace and defense LLC has been terminated, following on January 21, 2020. customers. CD&R’s waiver of its matching rights under the agreement. Würth has been a partner of Uni- www.camaerospace.com versal Technical Institute since 2018. WESCO stockholders will own Don't Miss On-Demand Fastener Talk Radio! 84%, and Anixter stockholders 16%, www.wurthusa.com FTR is talk radio for the fastener industry, featuring of the combined company. guests, commentary and conversation designed to Conference Calls/Webcasts... inform and entertain fastener professionals. Available investors.anixter.com any time in streaming or download formats. Tune in • Simpson Manufacturing Co., Inc., Pleas- Realignment at RIBE Group anton, CA, USA, will report Q4 and full year today! Log on to listen to Fully Threaded Radio: As part of the new organizational financial results Feb. 3, 2020, at 4:15 PM ET. www.simpsonmfg.com www.fullythreaded.com structure and decentralization of business segments, Tolga Bayraktar Dividend Reports... and Oliver Gratzel have joined the RIBE Group of Ger- • Arconic, Pittsburgh, PA, USA, has declared many, to strengthen a dividend of US$0.02/share on common the management stock, payable Feb. 25, 2020, to holders team. Bayraktar took of record Feb. 7, 2020; and a dividend of over management of the RIBE Elec- US$0.93.75/share on US$3.75 cumulative trical Fittings segment on November preferred stock, payable Apr. 1, 2020, to 1, 2019 and Gratzel became Man- holders of record Mar. 13, 2020. aging Director of RIBE Fastening www.arconic.com Systems on December 1, 2019. • Fastenal Co., Winona, MN, USA, has declared a dividend of US$0.25/share to be RIBE’s four segments, Fastening paid in cash on Feb. 28, 2020, to sharehold- Systems, Electrical Fittings, Technical ers of record on Jan. 31, 2020. Springs and Systems Engineering, investor.fastenal.com position the company for the future. • W.W. Grainger, Inc., Chicago, IL, USA, has declared a cash dividend of US$1.44/share www.ribe.de payable Mar. 1, 2020, to shareholders of re- cord Feb. 10, 2020. pressroom.grainger.com • Park-Ohio Holdings Corp., Cleveland, OH, USA, has declared a quarterly cash dividend of US$0.125/share on common stock, pay- able Feb. 28, 2020, to shareholders of record on Feb. 14, 2020. pkoh.irpass.com Page 7

EVENTS & OPPORTUNITIES Fastener Fair USA Board ciation (CBNSA). Some wondered February 10, 2020 Adds New Members if this would be a short-lived men’s EVENTS Three new members have joined club, but time has proven it a group with a purpose and the energy, February 27 – 29, 2020 the Fastener Fair USA ambition and dedication to con- Fastener Fair Turkey, Istanbul, Turkey Advisory Board: Tom tinue on for years. This dedication www.fastenerfairturkey.com Buddenbohn of EFC resulted in many March 4 – 7, 2020 International, CMoamrteyCelebrate on years of history Pac-West & NFDA Joint Nolan of RL EngliAshparinl d16Rtoh!b!bie and contributors Conference and Tabletop Show Long Beach, CA, USA Gilchrist of Capital Marketing. www.pac-west.org/www.nfda-fastener.org Also, George Hunt III of BrightonIt all started when the average cost of a new house to the CBNSA, now the Mid-WestThis year, being the celebration of our 74th March 16 – 20, 2020 was $5,600, average wages were $2,500 (yes, a year), Fastener Training Week, Cleveland, OH, USA gas was 15 cents a gallon, coffee was 85 cents for 2 anniversary, we will be inducting our remaining CBNSA www.fastenertraining.org Fastener Association (MWFA).presidents into the CBNSA Hall of Fame (which was Best succeeds his colleague Rosapounds, a new car was $1,120 and the first electric blanket came out. 1946 was the debut of the Chicago founded many years ago). While this is open to all, we This year, celebrating its 74hope to have many past Board Members attend as well Hearn as a Board Member.Bolt, Nut & Screw Association. Some probably th March 30, 2020 – April 3, 2020 wondered if this would be a short-lived men’s club. as members who have been part of the CBNSA and wire 2020, Düsseldorf, Germany The Fastener Fair USA AdvisoryFast forward, time has come to prove this was a group MWFA. This event precludes an even bigger event to www.wire-tradefair.com with a purpose and the energy, ambition, and dedication to continue for many years. This dedication has created anniversary, MWFA will induct itscome in 2021 when we celebrate 75 years!! Please reach out to your fastener friends as well as Board provides advice and directionmany years of history and many great contributors to the CBNSA, now known as the Mid-West Fastener remaining CBNSA Presidents intothose who you may know who have left the industry but April 16, 2020 to Fastener Fair USAAssociation. on program- enjoyed years of CBNSA/MWFA. We’ll have past the CBNSA Hall of Fame. While thispresidents to speak of the CBNSA years sharing MWFA 74 Year Anniversary, Addison, IL, USA interesting and fun stories. It will be an awesome evening of special memories and an opportunity to ming and strategies. Members is open to all, we hope to havecreate new ones. Come enjoy this special social event www.mwfa.net Join Us April 16th whether you’ve been part of the CBNSA, MWFA or both. April 21 – 23, 2020 help guide planning for the 2020Time many past Board Members attend 6:00 p.m. 2 Hour Open Bar Fastener Taiwan 2020, Kaohsiung, Taiwan 7:00 p.m. Dinner Venue Fastener Fair USA, running May and members who have been partPricing 18 to 20, 2020, at the Charlotte of the CBNSA and MWFA. PleaseAttire Venuti’s Restaurant & Banquet Hall www.fastenertaiwan.com.tw 2251 W. Lake St. Addison, IL $95 per person/reserve a table of 10 for $850 April 28 – 30, 2020 Semi-Formal COMPANY __________________________________________________________________________________ Fundamentals of Threaded fasteners and Joint Convention Center in Charlotte, reach out to your fastener friendsCOMPANY REPRESENTATIVE __________________________________________________________________ Design for Engineers and Designers and any you may know who haveE-Mail ________________________________________________________ *Number of Attendees __________ NC, USA. Elmhurst, IL, USA Attendee Names and E-Mails ___________________________ www.nnitraining.com Tom Buddenbohn specializes in left the industry, but enjoyed years___________________________ _____________________________________ May 7, 2020 _____________________________________ NCFA Distributor Social, Cleveland, OH, USA *Please advise of special dietary restrictions. www.ncfaonline.com Subscribe, read or advertise @ www.fastenertech.com/FastenerNewsReport.asp Rivetnuts and Blind Riveting Busi- in CBNSA/MWFA. Past Presidentsn Payment Enclosed n Bill Credit Card n Amount ness Development at EFC Interna- will speak sharing interesting andCredit Card Number _______________________________________ tional. Marti Nolan is President of fun stories. The celebration is AprilExp. Date _______ Signature _________________________________________ May 8 – 9, 2020 Please place reservations by April 6th. Reserve via mail: MWFA P.O. Box 5 Lake Zurich IL 60047 Fastener Fair India, New Delhi, India via fax 847-438-7580 via e-mail [email protected] www.fastenerfair.com/india/delhi R.L. English Co., a manufacturer’s 16, 2020, at 6 PM, at Venuti’s Res-via website www.mwfa.net/HomePage/New Information/April 16th rep agency based near Cleveland, taurant & Banquet Hall, Addison, May 18 – 20, 2020 OH, USA, covering Ohio, Western IL, USA. Price is US$95/person or Fastener Fair USA, Charlotte, NC, USA Pennsylvania, Michigan, Kentucky reserve a table of 10 for US$850. www.fastenerfairusa.com abnadseWdSeipsntoVCithrlgaiirngloiahtt.etR,ooNbnCb,ieNUGISFiAlcS,hh/riasWts, EST Exhiwbwitwo.mrswf.a...cnoetntinued May 27 – 28, 2020 Fastener Fair France, Paris, France specialized in fastener and indus- Fastener Training Week www.fastenerfairfrance.com trial distribution for approximately in Cleveland, OH, USA June 16, 2020 MWFA Annual Fastener Show Elk Grove Village, IL, USA 4IARne8ktegroryiwonneaViypnaw,aanoroartOodurliwytdolsHinIuMn.Jn.nefVcj,VaedeaeGadcUuPosuTlt.nsieolnltfSoOtBetaoaoirnoAqoisuIlnragu,ontmrrleietagtcedccPhhoaprarsrellutnlet7adefaaaIs5saesladnt1tHCodttiiriec.gcrcBilpsusu.eaf’ciraagnlsosvirsguntntaetsebthnl.aatsIachtieinInodIaorndss-tnmids-BatenhsdetWfstWWdfoorcuororercmeetlriihwpnnnewCsesrtggshionfmaCaadluaiesmtonpuslytTheleldlcvdesdneThaneHbeobtbBriomaoeoeotliilleoanalsttmssPhddoF.tTraniunonstoWkMasphoghddeteeeriuTsogfyc3,oxacamihtf4atlsoOostetlta2lreresPhiaFnccnoanHnahervtanshdatgreAoedsei,brsn,seGrde5rUtrcrtea10aaaaoeunnhnuy6sTSldmpegganpcnraariaiArtnngrraceotssidggee-.co.riiTnsaTh2ilrnoati0srgfiaf,naeininI2dnrneie0vgnsdwa2VgtiWIinnT0tniwpubscee,tBrteieoiecoteitdnhorkoh-,FnoknaatsoshtiltoowwJIFJSeone3uauhnntwwngnnsean.3atwwreeneaynf0esgan..22amflhsa,rea42ttiasrweolti––Fnnee,faaenaC22:i.rrelhn54.cFrMie,,nfaoat22aesmi00rt x.eci22cno00oem r2/S0 mh2oe0w x, iMcCo ehxin icao2C0it2y0, M exico MWFmoAuartCecrueiarllrseenpbtargpaeartftoesrsoar7livs4itsoitYf eothuaer rs the Industrial Fastenersinventory of tooling, strategically located September 16 – 17, 2020 Institute Fastener Exhibition & Conference worldwide. Wrentham is proud to have ChTichaepipgnoryseoleycwimasBeireoour1nssl9,tepc,4lotaoN-6sptmoiuwclaytfanam&ussetferatnshSc,etaecurnsrr.sdeetrowaeusrr-tAosf sthoe-mmttThhOeaaeRnnrmecuQmaFpefo-aauiSsnnctEttaastuTtdhdir®toenee,ePnpinTHuefindoOnsIruLfdeRtsaLahQtrfIbrePy-colhSeS.TWEitrSrgdTuQahee®eUla,friisArvanAteeeqCRlrisuirRnycEaes®t-lpnDgiertseiyRbernaIadbfWVonetern®ddo-,erdedkeiisnstdrfiivbueusdteoarrysss,. Birmingham, UK www.thefastenexpo.co.uk SeptemberBUYERS’Presented by: 23 – 25, 2020 GUIDE of education and plantACR® ribbed PHILLIPS®, ACR® ribbed tours as part Shanghai Fastener/Tech Show, Shanghai, China PHILLIPS II®, MORTORQ®, HEXLOBE, www.fastenertradeshow.net Volt Industrial Plastics, Inc. TORXttoee®fancntdhehQnreUiAScaDpacRelEcXclt®aripaairmoliidnsueitcn™tds.gF(TpCIrFoCSge) rrataidfmievda. nAFcfaItMeINdesTaeEdSRnn-rNyut2AmiTf0fIaOib0NccoA7atLlutGsirUoeIDLISwnnrEaetwsepwrVtnee.afmgatiasbotsnee,narNel2VFr8s,ahUs–otSe3wAn0 se,.rc2oE0xm2p 0o - IF E 202 0, November 11 – 12, 2020 700 Hwy.w2w02wW.vo•lYtpelllavsiltleic,sA.cRo7m2687, USA completing training and passing a Fastener Fair Italy, Milan, Italy Contact: Heidi Volltrauer, COO wfwinwa.wl reexntahmam,toaotlt.ceonmdees are eligible www.fastenerfairitaly.com Toll-Free: +1 800 844 8024 for the Certified Fastener Special- May 18 – 20, 2021 Toll-Free Fax: +1 877 453 8707 ist™ (CFS) designation. Fastener Fair Stuttgart, Stuttgart, Germany www.fastenerfair.com/stuttgart Web Site: www.voltplastics.com www.fastenertraining.org E-Mail: [email protected] Page 8