Fastener News Report April 9 2020 Issue Flipbook Edition

April 9, 2020 Volume 6, Issue 4 INSIDE THIS ISSUE WINA to Distribute Markforged 3D Printers.... 2 TR Fastenings Invests in Sheet Metal Parts.....2 Howmet Aerospace Launches as Stand-Alone Company BUMAX Reduces Ventilator Fastener Prices...2 Smalley Launches Web Store with Live Chat...3 Howmet Aerospace, Pittsburgh, PA, USA, launched on April 1, 2020, as a ZAGO Increases Fasteners Production........... 3 leader in advanced engineered solutions after the separation of Arconic Inc. NCFA Reschedules Distributor Social...............4 into two standalone companies—Howmet Aerospace AIS Awards Rockford, CSM & Mack.................4 Inc. and Arconic Corporation. Howmet Aerospace is IFE 2020 Accepting Awards Nominations.......4 now trading on the New York Stock Exchange under the ticker “HWM”. Dyson Acquires Accu-Tech...............................5 In 2019, the businesses comprising Howmet Aerospace generated over Hafren Security Fasteners Expands.................5 US$7 billion in revenue, up 5% from the prior year, with over 70% of Howmet’s IFI Awards DiMaio & McGuire..........................5 Fastenal Buys Apex Vending Assets............... 5 revenue derived from the aerospace market. Aerospace Fastener Growth Nears 6%........... 6 The new company is led by Co-Chief Executive Officers, John C. Plant, EFC Donates to Nonprofit..................................6 who also serves as Executive Chairman of the Board, and Tolga Oal, who Truelove & Maclean Now Part of SFS Group...6 had been President of Arconic Engineered Structures. Fastener Distributor Index Drops to 44.4........ 7 Howmet has been a trusted brand for over 90 Böllhoff & Gillis Aerospace Partnership.......... 7 years. Today, Howmet Aerospace has the technologi- Nord-Lock Group Wins Design Award............ 7 cal capabilities to support the innovation and growth Conference Call, Dividend Reports.................. 7 Subscribe, read or advertise @ www.fastenertech.com/FastenerNewsReport.asp of next-generation aerospace programs. Composed Event Postponements........................................8 of engine products, fastening systems, engineered Presented by: structures and forged wheels businesses, Howmet Aerospace offers technologies that enable lighter, more fuel-efficient aircraft to operate with a lower carbon footprint. & Born from many long-standing brands, Howmet Fastening Systems is a premier maker of aerospace and industrial fasteners and installation tools. Initial Publications, Inc. These products are used nose to tail on commercial and military aircraft 1741 Akron Peninsula Rd, Akron, OH 44313 USA as well as on jet engines, industrial gas turbines, automobiles, commercial Tl: +1 330 864 2122 • Fx: +1 330 864 5298 transportation vehicles, wind turbines, solar power systems and construc- www.fastenertech.com tion and industrial equipment. Brands include Camloc, Delron, Deutsch, Huck, Kaynar, K-Fast, Linread, Mairoll, Marson, Mecaero, Microdot, North Chip Lippincott Publisher Bridge, RAM, Recoil, Republic, Rosán, Screwcorp, Simmonds, SNEP, Trid- Mike McNulty VP & Editor air, Valley-Todeco, Van Petty and Voi-Shan. www.howmet.com Jim Masar Senior Editor Tom Hutchinson Global Sales Manager Sally Goss Sales Representative Fastener Fair USA 2020 Rescheduled to July 2020 Fastener Fair USA 2020 will be postponed due to the COVID-19 virus. The show, scheduled for May 18 to 20, 2020, at the Charlotte, North Carolina Convention Center in Charlotte, NC, USA, has been rescheduled to July 13 to 15, 2020, and will remain in Charlotte. “Our number one priority is the health and safety of our exhibitors, attendees, industry partners and staff,” said Randy Field, Group VP, Reed Exhibitions. “Postponement is never an easy decision. But after consulting our customers, closely monitoring developments and reviewing guidance from public health officials including United States Centers for Disease Control (CDC) and World Health Organization (WHO), we have decided it is in the best interest of all our Fastener Fair community. We look forward to getting back to business and reconnecting in Charlotte in July.” “As we face challenging times, we must band together as an industry to continue the tradition of networking, sourcing, education and learning best practices at a common time/place,” said Bob Chiricosta, Event Director. www.ndindustries.com Stay informed on the latest updates at: www.fastenerfairusa.com Page 1

BUSINESS & MARKET REPORT April 9, 2020 TR Fastenings Invests in Sheet Metal Portfolio TR Fastenings, Uckfield, East Sus- Notebook sex, UK, the global specialist in the WINA to Distribute Markforged 3D Printers design, engineering, manufacture and Würth Industry North America (WINA), Indianapolis, IN, USA, distribution of high-quality industrial an industrial distributor of sup- ply chain solutions for fasteners, fasteners, has made a substantial in- MRO and safety equipment, has signed a national agreement vestment in its range of fasteners for with Markforged, the leading provider of in- sheet metal. This strategic move is in dustrial metal and carbon fi- direct response to a growth in inquiries ber 3D printers. The agreement will better serve in this extensive product line, across very extensive the needs of Würth Industry’s customers in the general manu- multiple sectors. website and facturing market as well as oil and gas, heavy equipment and TR has been at the forefront of sheet improvements transportation. metal fastening solutions for over 45 to all its sales www.wurthindustry.com years, stocking in excess of 100,000 and marketing BUMAX Reduces Prices for Ventilator Fasteners sheet metal products and supplying to brochures, in In an effort to help overcome the COVID-19 pandemic, leading more than 5000 companies worldwide. a move to pro- Swedish manufacturer of high- strength stainless steel fasteners, This large-scale investment sees ex- vide customers BUMAX, now offers its premium pansion of its own branded Hank® Self with greater in- fasteners used for ventilators at-cost to all medical equipment Clinch Fasteners, a new range of K- formation and manufacturers. BUMAX has of- fered to provide companies that Series® Thin Nuts, access to a full suite clarity. www.trfastenings.com are producing much-needed ventilators with at-cost premium of brand new resources on its already fasteners for their devices as well as doing its best to maintain sup- HD Supply defers planned Earnest UK celebrates ply for all customers. business unit separation 20 years of business www.bumax-fasteners.com HD Supply Holdings, Inc., At- In 2000, then-CEO John Zehnder lanta, GA, USA, one of the largest wanted to better support VMI busi- [email protected] North American in- ness that had begun www.nationalmachy.com dustrial distributors, growing in the late recently announced that materially 1990s. He also wanted to end his changing market conditions caused tenure as President and CEO with by the COVID-19 pandemic have something memorable—expand- impacted its previously announced ing Earnest Machine. This year, time line to separate its facilities Earnest is pleased to share that its maintenance and construction/ UK branch is celebrating its 20thyear industrial businesses. of business. HD Supply remains committed to “Earnest Machine needed a way the separation of its two businesses to support its growing VMI business, and reaffirms that the strategic but my father also wanted to intro- rationale for the separation is un- duce inch to a metric market and changed. The company continues likewise metric to an inch market. its preparation to ensure that the That’s where opening a branch in two companies are ready for the the UK began,” said current Earnest separation when the markets suf- CEO, Kirk Zehnder. “It also didn’t hurt ficiently recover. that he picked England because they spoke English.” “As our industry reacts to CO- VID-19 and the large-scale effort [email protected] • www.heroslam.com to contain it, we remain focused on navigating the crisis, keeping our associates healthy, serving our customers and protecting the finan- cial stability of our company during these unprecedented times,” said Joe DeAngelo, Chairman, President and CEO of HD Supply Holdings, Inc. ir.hdsupply.com Page 2

BUSINESS & MARKET REPORT In the years since Earnest’s UK better by investing in product in- April 9, 2020 branch opened, it has grown novation, advancements in manu- considerably. While new team facturing and building a business Notebook members have been added, there uniquely focused on customer are several who have been on staff partnerships. Before forming No- Smalley Launches for a decade as well as since its varia, Perkins spent the first 10 years Web Store with Live Chat inception, which is a testament to of his career with Parker Hannifin Smalley, Lake Zurich, IL, USA the culture of the company. In 2014 Corporation (Parker Aerospace). raises the bar for customer and 2016, Earnest UK acquired two service through the launch of small engineering companies and Since 2011, Perkins has led No- the Smalley Web Store and by merged them into one site. These varia through the completion of providing Live Chat for USA- acquisitions provided the ability not over 16 strategic transactions, all based visitors. On-line ordering only to help with core products in of which have been privately held of wave springs, retaining rings the Earnest catalog, but with hard- aerospace component manufac- and constant section rings is now to-source parts as well as specials. turing businesses. In 2018 he led available at the a strategic transaction with Boeing website below. www.earnestmachine.com Distribution Services, Inc. Live Chat custom- er support is also Novaria’s Bryan Perkins wins www.novariagroup.com available at the website during Gilbert W. Speed Award regular business hours. Bulten Executive VP & CFO Bryan Perkins has been pre- Helena Wennerström to resign www.smalley.com sented the Annual Gilbert W. Speed Award, honoring Bulten’s Executive Vice President ZAGO Increases Sealing outstanding leader- and CFO, Helena Wennerström, has Fasteners Production ship and collabora- informed the com- ZAGO Manufacturing produces tion across the global aerospace pany’s President and high-tech sealing fasteners for and defense supply chain. Perkins CEO of her resignation and that she ventilator manufacturers and is is the sixth winner of the award, will move on to new challenges. ramping up production to meet which was presented recently by the Aviation Week Network at its 34th Wennerström has been working heightened Annual SpeedNews Commercial for Bulten for 18 years. In 2014, she demand dur- Aviation Industry Suppliers Confer- took up the position as Bulten's Ex- ing COVID-19. ence in Beverly Hills, CA, USA. ecutive Vice President and CFO and The company before that she was CFO of Finn- manufactures high-tech sustain- Perkins’ contributions in aero- vedenBulten. Through the years, able sealing solutions and com- space manufacturing have been she has played a very important ponents from its headquarters in through the founding and contin- role in Bulten’s growth journey and Newark, NJ, USA. ued leadership of his company, development. ZAGO high-tech sealing screws, Novaria Group, in 2011. Novaria has nuts, bolts and washers are grown steadily through the acquisi- “After 18 years at Bulten, I feel it also critical in the production tion of multiple inter-related Tier 2 is time to make room for new tal- of Extracorporeal Membrane independently owned component ents, which is why I have chosen to Oxygenation Systems, akin to manufacturing businesses. Novaria leave Bulten and take up a position external blood pumps, and are makes the aerospace supply chain outside the company. My years at in dwindling supply. the company have been exciting www.zago.com Jackie Ventura and challenging, but above all, fun. Sales Representative I am very proud of being a part of the history of Bulten and my convic- Phone: 330-467-0102 • Mobile: 216-338-8485 tion is that Bulten and its team will Fax: 330-467-0108 • Email: [email protected] grow even stronger in the future,” commented Wennerström. Web: www.JackieVentura.com News & Notes: www.JackieVentura.Net Wennerström will continue in her current position until September 30, Skype: Jackie.Ventura1 2020. Recruitment for a successor Twitter: @JackieVentura1 will start as soon as possible. www.bulten.com Page 3

BUSINESS & MARKET REPORT April 9, 2020 AIS Awards Rockford Fasteners, CSM & Mack Engineering Notebook AIS-All Integrated Solutions, an company manufactures a variety of NCFA Reschedules MSC company, announces its 2019 externally threaded fasteners for use Annual Distributor Social Due to the COVID-19 outbreak, Supplier of the Year awards. Each by customers in both automotive and the North Coast Fastener As- sociation (NCFA) has of the three winners went above and industrial applications. CSM’s speed postponed its Distribu- tor Social, previously beyond to demonstrate consider- and attention to detail in engineering, scheduled for May 7, 2020, to Sept. 9, 2020. Firms that have able value, partnership and support quality and sales contributes to a high already registered for the Dis- tributor Social will remain regis- throughout the year. The AIS Suppli- level of quality along with competitive tered for the new date. If the new date doesn’t work for you, email ers of the Year 2019 include Rockford pricing and lead times. [email protected] to be Fasteners, CSM Fastener Products www.csmfastenerproducts.com issued a refund. and Mack Engineering Corporation. Mack Engineering Corporation is a www.ncfaonline.com Rockford Fasteners, an Elgin Fas- valued supplier with great quality and IFE 2020 Accepting Awards Nominations tener Group company, has been a an amazing response time. The team Nominations are now being ac- cepted for the 2020 Hall of Fame partner of AIS for more than 50 years. at Mack is very professional and will- and Young Fastener Professional The quality team at Rockford has a ing to help in any aspect of creating a of the Year Awards, which honor pro- multi-point inspection process starting complete product, from engineering to 2020 fessionals who from raw materials arrival through pro- heat-treating and plating. The quality have made significant contribu- duction and final product inspection. team continuously provides first-class tions to the industry. Inductees and winners will be commemo- This documented trail is electronically support with advanced measuring rated at the annual awards ceremony at the International filed and kept on hand. equipment, support for questions and Fastener Expo (IFE), Sept. 28 to www.rockfordfastener.com 30, 2020, in Las Vegas, NV, USA. parts review. CSM Fastener Products has also www.mackengineering.com www.fastenershows.com been a long-term partner with AIS. The www.allintegrated.com Nylon cable ties market to the following two employees on grow 8.86% from 2019 to 2026 their promotions: Mrs. Dahiana Olivo Cruz, Warehouse Manager According to reportlinker.com, the global nylon cable ties market and Mrs. Ysabel, was valued at US$129.0 million as the Assistant in 2018, and is projected to reach Warehouse Manager for BBI Sayre- US$253.6 million by 2026, growing ville, NJ, USA. at a CAGR of 8.86%. The market will exhibit significant growth in Olivo Cruz has been with BBI for response to growing demand in the past seven years. She is knowl- various end-use industries. Nylon edgeable in Systems and Customer cable ties are economical and easy Service pertaining to both New Jer- to use, for convenient use in auto- sey and Boston accounts. We look motive, electronics, electrical and forward to her continued success in construction applications. her new position. They have been adopted to hold Ysabel has been with BBI for wire bundles in electronics and many years. She served as the In- automotive products assembly. As ventory Control Lead in past years. a result, an increase in automotive We are looking forward to her new and electronics production output role as the Assistant Warehouse drives market growth. A rise in their Manager. use in the consumer goods industry also fuels market growth. The report www.brightonbest.com provides insights on the significant segments and regions exhibiting favorable market growth. www.reportlinker.com Brighton-Best promotes two www.saspi.es Brighton-Best International, Inc. (BBI) would like to congratulate Page 4

BUSINESS & MARKET REPORT Fastenal Shareholder Fastenal Buys Vending Assets April 9, 2020 Meeting now online only; of Apex Industrial Technologies Conference call announced Notebook According to a Form 8-K filed To protect the health and well- March 30, 2020, with the US Se- Dyson Acquires Accu-Tech being of our shareholders and curities Exchange Commission, Fastenal has purchased an undis- Dyson Corporation, Painesville, employees during closed amount of assets from Apex OH, USA, a specialty fastener and the coronavirus out- Industrial Technologies, a provider Forging company in business since break (COVID-19), the location of of industrial vending solutions. 1884, has expanded its manufac- the upcoming Annual Meeting turing capacity and capabilities of the Shareholders of Fastenal The 8-K stated that Fastenal and through the acquisition of the busi- Company, Winona, MN, USA, has Apex have worked together since ness assets of Accu-Tech Manu- changed, and the meeting will now 2008 to develop a vending delivery facturing & Support Corporation, be an online-only event, with no live platform that it calls the leading Mentor, OH, USA. Dyson plans to gathering at Fastenal headquarters. solution today in the industrial and continue operations at the Accu- commercial marketplace. Tech facility through the remainder As previously announced, the of 2020, when it will combine the shareholders meeting will still be Additionally, the form stated assets and employees with Dyson held on Saturday, April 25, 2020 this 12-year collaboration has es- operations. at 10 AM CT. To access the annual tablished a new platform within meeting event, visit: industrial and commercial supply www.dysoncorp.com chains, with more than 105,000 www.virtualshareholdermeeting.com/FAST2020 product dispensing and leased Hafren Security Expands devices across 23 device types in Fastenal will also conduct a 25 countries that generated over Hafren Security Fasteners recently conference call to review 2020 Q1 US$1.1 billion in sales in 2019. cut the ribbon to its new purpose- results as well as its current opera- built storage facility adjacent to the tions on April 14, 2020 at 9 AM CT. www.fastenal.com firm’s head office in Newtown, Mid To access the call, visit: Wales, UK. Managing Director, Mat- investor.fastenal.com/events.cfm www.apexsupplychain.com thew Lynes, said, “It is a great day for Hafren as the global home of IFI Awards DiMaio & McGuire innovative blind rivet- security fasteners expands again. ing tool designs and This new building is more than The Industrial Fastener Institute 26 U.S. patents that three times larger than our current (IFI), Independence, OH, USA, has emphasize advanced warehouse facility. ” announced the 2020 IFI Soaring Eagle technologies and ap- Award recipients. The Soaring Eagle propriate methodolo- l-r: Matthew Lynes (MD), Russell George Technology Award recipient is An- gies. DiMaio’s contri- (AM), Mike Williams (Warehouse Mgr.). thony (Tony) DiMaio, and the Soar- butions have raised the state-of-the-art ing Eagle Service Award recipient is in rivet design, manufacturing and end- To help celebrate the completion of Mike McGuire. The IFI Soaring Eagle user application. These contributions the storage facility, Hafren was vis- Award recipients are individuals who by Tony DiMaio are a rich legacy that ited by Assembly Member, Russell have made outstanding and significant are benefiting the blind rivet industry George, who cut the ribbon for the contributions to the fastener industry. today and will continue to benefit the official opening. The Technology Award recognizes industry long into the future. those with extensive experience in www.hafrenfasteners.com the industrial fastener industry who Mike McGuire won his have made major contributions to the award in recognition of technological advancement of the in- 50+ years of contribu- dustry. The Service Award recognizes tions to the industrial hose who have contributed outstand- fastener industry. He is ing time and effort in the leadership of the founder of the Na- the Industrial Fasteners Institute and/ tional Industrial Fasten- or contributed to the health and well- er Show & Conference being of the entire fastener industry. and National Industrial Fastener Show/ Anthony DiMaio received his award West, founder of American Fastener in recognition of service to the fas- Journal magazine, Fastening Maga- tener industry as IFI Technical Com- zine and numerous fastener resource mittee Chairman and outstanding and and buyers guides that have assisted pioneering contributions to the field of the industry and end-user alike. blind rivets including the invention of www.indfast.org Page 5

BUSINESS & MARKET REPORT April 9, 2020 Aerospace Fastener Market Growth Near 6% According to the latest market research used in supersonic and hypersonic missiles Notebook report, titled, Global Aerospace Fasten- and military aircraft as they can sustain ers Market 2020-2024, from Technavio, high pressure and temperature and exhibit EFC Donates Computers & aerospace fasteners are poised to grow higher wear resistance and strength. Thus, Tablets to Nonprofit Group by US$2.51 billion from 2020 to 2024, at a the growing use of lightweight materials in Boone Center, Inc., a nonprofit that improves the lives of adults CAGR of almost 6%. the manufacture of aerospace fasteners is with disabilities through employ- ment opportunities, recently The market is driven by the need for light- expected to drive market growth during the received a donation valued at weight materials. In addition, the advan- US$15,900 from EFC Interna- tages of additive manufacturing technology forecast period. tional, St. Louis division. EFC is www.technavio.com a premier global provider of specialty engineered fastener are anticipated to boost the growth of the parts including clamps, panel fasteners and specialty nuts. aerospace fasteners market. Aircraft engine manufacturers prefer the use of lightweight components to minimize the overall aircraft weight. As a result, aircraft component manufacturers are using titani- um-based alloys to manufacture lightweight components such as aerospace-grade fas- teners. Titanium-based fasteners are also The donated equipment includes Grainger draws down on credit Semblex receives 28 Dell desktop computers, two facility to support cash position GM supplier award Dell laptop computers and 16 Surface Pro tablets. Grainger has drawn down some Semblex Corporation is being US$1 billion from its recognized for meeting the criteria www.efc-intl.com unsecured revolv- ing credit facility. This proactive for the GM Supplier www.boonecenter.com measure raises cash position and Quality Excellence preserves financial flexibility in light Award for the 2019 calendar year. Truelove & Maclean of current market uncertainty result- Semblex has demonstrated consis- Now Part of SFS Group AG ing from COVID-19. tent quality performance through- out the year. Provider of deep drawn and After the draw down, Grainger progressive die stamped parts, will have US$1.5 billion of cash on This special award recognition Truelove & Maclean (T&M) hand and US$250 million remain- is given to specific top performing is now part of SFS Group AG, ing under the revolving credit facility. supplier manufacturing locations. Heerbrugg, Switzerland, a global Suppliers who receive this award provider of mechanical fastening pressroom.grainger.com recognition have met or exceeded systems and precision compo- a very stringent set of quality perfor- nents. SFS’s acquisition of T&M TriMas boosts share repurchase mance criteria and have achieved is a strategic move to expand its the cross-functional support of the global manufacturing platform. authorization to $250 million entire GM organization. www.trueloveandmaclean.com TriMas raised its common stock www.semblex.com share repurchase AS9100D renewal for Parker Fasteners authorization to FOR IMMEDIATE RELEASE CONTACT: Christine Parker Parker Fasteners has received accreditation for AS9100D. The US$250 million adding US$100 mil-Manager, Investor Relations & scope of registration includes Do- Communications (248) 631-5438 [email protected] lion to the previous share repur-TRIMAS AEROSPACE AWARDED NEW FASTENER CONTRACTS BY AIRBUS chase authorization approved inBLOOMFIELD HILLS, Michigan, February 18, 2020 – TriMas (NASDAQ: TRS) today announced that TriMas Aerospace has been awarded multi-year contracts with Airbus of Toulouse, France. TriMas Aerospace’s Monogram Aerospace Fasteners and Allfast Fastening Systems operations were both awarded new supply contracts by Airbus, expanding the company’s engineered fastener sales activity November 2019. On February 27,inEurope. “We are excited to expand our strategic partnership with Airbus through the addition of newly qualified fastener products,” said Thomas Amato, TriMas President and Chief Executive Officer. “On behalf of the 2020, TriMas had US$92 millionTriMas Aerospace team, we thank Airbus for recognizing our commitment to them through this new business award.” remaining under its existing shareTriMas Aerospace designs, engineers and manufactures engineered fasteners, solid rivets, temporary AAPPRRIILL//MMAAYY 22002200 FFEEBBRRUUAARRYY//MMAARRCCHH 22002200 fasteners and standard fasteners for the global commercial and military aerospace industry under the APRIL/MAY 2020 SSeerrvviinngg MMaannuuffaaccttuurreerrss,, DDiissttrriibbuuttoorrss aanndd EEnndd UUsseerrss F a s t e April/May2020 FEBRUARY/MARCH 2020 F a s t e February/March2020 Monogram Aerospace Fasteners, Allfast Fastening Systems and Mac Fasteners brands. TriMas also Fastener Fair USA Preview...56 recently announced it has signed an agreement to acquire RSA Engineered Products, which will repurchase authorization. The up-enhance the breadth of TriMas Aerospace’s product portfolio to include air ducting products, connectors, flexible joints, ozone converters and machined assemblies, predominantly used in aerospace and defense engine bleed air, anti-icing and environmental control system applications. WWW.FASTENERTECH.COM F o c unse rIn this issue...FaFstoeRcnueepsrerDedsiNesntertiwabtsuiv,tIoensr,fso,OrImEmMaptosioratnnerdasn,EdMnPdarnUoudsfeuarccstt.usrfeorr’s SSeerrvviinngg MMaannuuffaaccttuurreerrss,, DDiissttrriibbuuttoorrss aanndd EEnndd UUsseerrss WWW.FASTENERTECH.COM F o c unse rIn this issue...FaFstoeRcnueepsrerDedsiNesntertiwabtsuiv,tIoensr,fso,OrImEmMaptosioratnnerdasn,EdMnPdarnUoudsfeuarccstt.usrfeorr’s sized authorization includes value“TriMas Aerospace’s engineering, commercial and manufacturing teams have worked diligently with TOP PRODUCTS OF 2019...P. 56 & P. 134 FF News & Info FF News & Info Airbus during the past few years to qualify additional TriMas Aerospace products,” said John Schaefer, Presented by... Presented by... President of TriMas Aerospace. “We look forward to launching production and further collaborating on www.fastenertech.com www.fastenertech.com of shares already repurchasedfastener solutions for Airbus. Airbus is an important fastener solutions customer to TriMas Aerospace FASTENER TECHNOLOGY INTERNATIONAL wire 2020 Fastener Exhibits UpdateP..8..578 SInhRDveTeQ.eredWS“austuAcvhtacsmoealikitlnttetiTyngMnHhgHtEiaesnenSkcEixeaenxkrlWspelgefesyroyermUrtn”saac:enh&?April/May2020 FASTENER TECHNOLOGY INTERNATIONAL FebruaryP/NMa.YrchSF12eW02D1uT0 aI5JAhlhcSraiTe/caapAshPetnReofeaistninDseccsTdir-tW,hrmWshCaYaaeeivo1ert0geadnrKsnolrtMteMi?ivenMnyiargonutenafouiSennntategodilnseCgswom.itahn... and we are proud to have secured these additional awards to support our growth.” F aFsotceunse r MMiincro SMcreetawlsPfoorrtfolioFocusedNews,InformationandProductsfor Heat Treatment...92 • Fastener imFastener Distributors, Importers, Manufacturer’s Thread-Locking & Locknuts...140 The growth of the Airbus business supports TriMas Aerospace’s strategy to expand its global customer al SpaceRepresentatives, OEMs and End Users. PARTS WASHING...76 Presented by... Fastener Exhibits TOOLING...108 Focus Presented by... under the old authorization. Thebase in commercial and defense aerospace applications. TriMas Aerospace is focused on leveraging a www.fastenertech.com Preview: 66-89 Focused News, Information and Products for broad value proposition of innovative products, integrating its customers’ automated assembly Fastener Distributors, Importers, Manufacturer’s processes, tailoring logistics solutions and driving operational excellence. Representatives, OEMs and End Users. www.fastenertech.com Vol. 43, No. 2 In this issue... FSFTFyPoMasMrostooeletldeMtmdaunealceDdnItrnisaPsUsglpseaelersamttyisinecfnsotr Vol. 43, No. 1 In this issue... LToHhMcTarkAoellnFpaoDudPftAlrsFooHaRcdomkouliuiecndntDgasdiy&nuoPnpfae2rr0ty19& extent/timing to which shares areAbout TriMas FF News & Info Cold Forming...66 FF News & Info The Traveling Salesman TriMas is a global manufacturer and provider of products for customers predominantly in the consumer Spends 10 Minutes with... products, aerospace and industrial end markets, with approximately 3,400 dedicated employees in 11 “Ask The Expert”: Jason Wagner and What Makes for a Ilian Dimitrov of repurchased will depend on marketcountries. We provide customers with a wide range of innovative and quality product solutions through Quality Hex Wrench? The Richard Manno Co. What is the Key to our market-leading businesses. Our TriMas family of businesses has strong brand names in the end Traveling Salesman & Success, Continuing markets served, and operates under a common set of values and strategic priorities under the TriMas D. Scott Hinckley Year After Year? Business Model. TriMas is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is NFDA/Pac-West Meeting Reducing Energy Use conditions, share price, regulatoryheadquartered in Bloomfield Hills, Michigan. For more information, please visit www.trimascorp.com. Top Products of 2019 ### Investments in MAFDA Holiday Party & Sheet Metal Portfolio Hall of Fame Dinner Threadlocking & Micro Screws for Locknuts Roundup Minimal Space Metal Inserts for Molded Plastics Fastener Use in Tool Management System Display FF Products Read Fastener Technology International (FTI) requirements and other factors. online at www.fastenertech.com. www.trimascorp.com Free subscriptions for fastener manufacturers, distributors and users as well as suppliers to the industry. Page 6

BUSINESS & MARKET REPORT Key Takeaway: April 9, 2020 Fastener Distributor Index (FDI) drops to 44.4 NotebookPlease Tfhinedseaattsaocnhaeldly tahdejursetseudltFsasotfentheer DisTtericbhuntoolor gInydIenxte(rFnDatIi)ofnoarl Medaitrocrh, Mwiakse4M4c.4-, deteriorating rapidly as the FasteneCrODVisItDri-b1u9topraInnddeexm(iFcDaIn) dsuernvesuyifnogr shuNtudlotyw,nosntoFoukllyhoTlhdr.eSaadleeds tRreanddios eopnisaodseeasonally adjusted basis were trMTsoeehaaae4rcsc4tFohi.o4no.narTwrmlwaeelhtlfeovyauseteerprcatedurlhohsd-nenaLrjsuwopsouCsjeuuoeurtOegpskamthhdirokVnipe.selgIytiDdrhni.nIe-ginTs1tvdFhnh9emieueecncbmoalryrsFtnibuosiotxeasirhsr-prrmw(,’sysFlidaoitLsltrlronuIuood)tsppn-5hstLppr3aoaiwlon.neot0geuhkm,kteilentonhgoTcY1tekao5ohIrnlm1auweqdnreccauikc:oocsea+myonstro1motoieinumor8vmgfn7iois(e4c7Feron/Ld1yt3ntIros63)estu,2nhhadrwde7anopw8rsdwaipmw3rwnlqt6.yipfcu.iulaitllepoolcysdawtttteshtiioeohtroeenrne,frasiitwndolhoaerhtewrhadiecet.eecehcswFootfDmaeunlrlI.roo-.etnmahgdeicirnwsfgihrtoWPBhuimntaödliotsolrhhwlutwhenrernvioreete,sfeyrrofemsrahs&hppricseloiotqptGnouyudrmrifyneilo.slenitniIrstontstiEoAxneproaofnspsshiaoacnree s to a newpraellv-tiiomues lloewvealst ,3a3l.t3h.ough the percentage expewctwinwg.fldoiwsuerrvaecyt.icvoitmy over the next sixinmoGntihllsissuArgeedro(7s3p%ace, a French Hear furvtsh.e3r2F%DIinanFaelbyrsuisarwyi)t.h R.W. Baird www.fastenersclearinghouse.com www.nfda-fastener.org manufacturer of aerospace fas- analyst, David Manthey, with Fastener teners, Böllhoff further expands Fastener Distribution Trends: March 2020 both compa- FASTENER DISTRIBUTION AT A GLANCE March 2020 nies’ presence ------------------------- Index Values ---------------------- Rate of Mar Feb Jan Dec Nov Oct Sep Aug Jul Direction Change in the aero- PMI (Manufacturing Sector) 49.1 50.1 50.9 47.8 48.1 48.3 47.8 49.1 51.2 Declining Faster space market Faster FDI (Fastener Sector) 45.6 51.3 55.4 43.4 45.5 52.2 52.4 55.5 50.9 Declining FDI (Seasonally Adjusted) 44.4 53.0 51.4 44.4 46.7 52.1 56.0 55.9 52.2 Declining Faster sector. The co- operation with Gillis Aerospace Sales (SA) 34.6 54.9 50.0 34.9 35.5 48.2 56.4 52.1 40.4 Declining Faster Forward- Looking (SA) 33.3 48.9 50.9 46.2 46.5 44.2 44.0 48.0 44.9 Declining Faster (Other Metrics; NSA) is based on Böllhoff’s significant Employment 27.0 48.2 56.7 45.3 48.5 48.7 51.6 55.9 55.4 Declining Faster participation in the French manu- Supplier Deliveries 68.9 66.1 58.3 53.1 51.5 55.1 58.1 58.8 64.3 Growing Faster Respondent Inventories 64.9 64.3 63.3 65.6 65.2 69.2 69.4 64.7 69.6 Growing Faster facturer of fasteners. Customer Inventories 48.6 41.1 41.7 43.8 51.5 52.6 53.2 52.9 48.2 Declining Slower www.boellhoff.com Pricing, month-to-month 50.0 50.0 58.3 60.9 57.6 59.0 61.3 61.8 66.1 Declining Same Pricing, year-to-year 60.8 58.9 70.0 79.7 78.8 84.6 79.0 80.9 80.4 Growing Faster 6-Month Outlook -March Higher Same Lower Nord-Lock Group Wins 16% 11% 73% FDI and Pricing are diffusion indexes. At 50, the performance of the category listed met expectations. A reading Red Dot Design Award above 50 suggests the category outperformed expectations,while a reading below 50 suggests the category Nord-Lock Group receives one underperformed expectations. Source: Baird, FCH Sourcing Network, Institute for Supply Management of the world’s most prestigious mestic Cold Heading Manufacturer restructuring partner at Deloitte LLP, design awards, the Red Dot caoifnadSltoy ScPkteredADaritbiPsisgtotSrrruiihcibnbtruttue-ttFthDowoaerrisssse,Ft,ceaAoTSsnsnthspeedorneurceesci-artaetiddDoniwsR.tirtoIihtblultoihtnfoefergFrsICnHdinwaceSsaxnoiagsudh(strFtecsDCinrnIhsi)gna.iGteNmoTfrehoetcEewuuxdrFoeprDreEc.kInuxStaiaetsnifvchdaaeusoBttetmOaianviorfeehdfnrictawhCiesnliyhrtdshuaostsesufiturrprDpmvypepoyoatenrrdento-nffdroNs/mooruAw2ttthh0wlhoe2AoiacN0mkhras”de.twiri,onSicniiafmntaonhslirleaFf”raatBlThssyoett,eeesotnnhtleeSsPerrurcopadeteurbgcotoDlrtye.Tsoigonl, ServiceF,orawnardd-Lnoookwing DInediscaitgonr (FaLIn) ids basdedowonna awneidghitsedsauvcercaegee dofefdoubr yforMwaikrde-looking inputs from the FDI Developsmurveeny.t TohfisFainsdtiecantoerrsis fdoersiTghneed toQpurionvnideasdCirehciteiofnEaxlepceurstipveectOivefficoenrfautnudre expectations for fastener AerospamcaerkaetncdonOdtithioenrs.MAas rdkifefutssi.on indexDesi,rkvaslouens aCbhoaverl5e0s.0assignNalosntr-eEnxgethc,uwtihviele readings below 50.0 signal crePdaitraketwiinorednauFksantfrsoeiastresl .dndiOseetvrrmeisbruotrtinmoerscest,esruriaevcstehiundaltsgsWasihc.tWos-u. lGdrCianbihendagedeiiprrreme(cGntaWlydnWer.en)NleatvincNadknotMSntSao-CEnFIxdnaesdetcureussnttariiilvsae(lnF(AMDaSmSiTrM)eea)cd.n-d broadly relevant to other ongoing commitment to quality by tor. Chief Restructuring Officer Mi- satisfying customer requirements chael Thomas will also step down The Superbolt Tool is a compact and industry specifications. from his interim Board role now that drive mechanism that makes the financial restructuring has been it possible to tighten multiple www.parkerfasteners.com successfully completed. jackbolts simultaneously to the correct load. It is designed to Doncasters completes www.doncasters.com allow a small torque input to restructuring; Board changes be magnified into a large and Conference Calls... uniformed torque output. UK-based Doncasters Group has completed its financial restructuring • Fastenal Co., Winona, MN, USA, will hold a con- www.nord-lock.com and naming of a new Chief Ex- ference call to review 2020 Q1 results and current ecutive Officer, Non-Executive Chair- operations on Apr. 14, 2020 at 9 AM CT. investor.fastenal.com/events.cfm man and Non-Executive Director. Dividend Reports... Don't Miss On-Demand Fastener Talk Radio! Financial restructuring that re- FTR is talk radio for the fastener industry, featuring • Bossard Group will maintain its dividend, but at guests, commentary and conversation designed to moved £900 million in debt from the a reduced level. Taking into account current mar- inform and entertain fastener professionals. Available Operating Group’s balance sheet ket challenges, at the annual general meeting of any time in streaming or download formats. Tune in and improved liquidity to support shareholders, the board will propose reducing its the next phase of its strategy was original dividend request by half, to CHF 2.00 per today! Log on to listen to Fully Threaded Radio: completed with support of Doncast- registered A share and CHF 0.40 per registered B ers’ first and second lien lenders. share. www.bossard.com www.fullythreaded.com Jas Sahota, formerly a senior • MSC Industrial Supply Co., Melville, NY, USA and Davidson, NC, USA, has declared a cash dividend of US$0.75 per share, payable at close of business on April 28, 2020. cdn.mscdirect.com Page 7

EVENTS & OPPORTUNITIES April 9, 2020 Fundamentals of Threaded planned to be held from May 27 EVENTS Fasteners and Joint Design to 28, 2020 in Paris, Paris Expo Rescheduled to October 2020 – Porte de Versailles, France, is Date TBD – POSTPONED postponed following the escalation The Fundamentals of Threaded of COVID-19 in Europe and globally. MWFA 74 Year Anniversary Fasteners and Joint Design for Engineers and Designers course, Nicola Hamann, Managing Di- Addison, IL, USA which was originally scheduled for rector of Mack Brooks Exhibitions, April 28 to 30, 2020, in Elmhurst, IL, said that the health and safety of www.mwfa.net USA, has been rescheduled to take exhibitors, visitors and staff are top place from October 13 to 15, 2020. priority. After many weeks closely Date TBD – POSTPONED monitoring the evolving COVID-19 Fastener Fair France The course’s organizers are not situation and the notices issued by Paris, France sure where the ultimate venue will the World Health Organization www.fastenerfairfrance.com be located, although the organizers and the French Government, and in are still committed to the Chicago, close coordination with all partners June 16, 2020 IL, USA area for the location. involved, we have decided to post- MWFA Annual Fastener Show pone the exhibition. New dates for Elk Grove Village, IL, USA Visit the website below for up- the event will be announced soon. www.mwfa.net dated information. www.fastenerfairfrance.com June 22 – 24, 2020 www.nnitraining.com International Fastener Show China 2020 Shanghai, China en.afastener.com June 24 – 25, 2020 Fastener Fair Mexico 2020 Mexico City, Mexico www.fastenerfair.com/mexico July 13 – 15, 2020 Fastener Fair USA MWFA Postpones Fastener Fair Delhi Now Charlotte, NC, USA Subscribe, read or advertise @ www.fastenertech.com/FastenerNewsReport.asp Anniversary Dinner Rescheduled for September www.fastenerfairusa.com The Mid-West Fastener Asso- Mack Brooks Exhibitions has September 4 – 5, 2020 ciation (MWFA), says due to health now scheduled Fastener Fastener Fair Delhi concerns regarding COVID-19, it Fair Delhi, to be held New Delhi, India September 4 to 5, 2020, www.fastenerfair.com/india/delhi seeks to ensure at the Pragati Maidan (ITPO) in the safety of its September 9, 2020 members and their families. NCFA Distributor Social, Cleveland, OH, USA www.ncfaonline.com September 16 – 17, 2020 Fastener Exhibition & Conference Spotlight on NIFS/WEST ExhibitorspaMftsoicmnorWhFdneteohFe,wdAridsMutihlwellieWtikvssedeeFrbV7nefAeosPo4ptairllttipthsaesAysolIA,oapdntninwundrec,inssulthiMen1iIsev6ntrtfWoemron,cirr.2aFsirmalnA0eae2senrhdcy0deah..wsDveAiipadndtoutnathhsleteitees-r,WreSmptrNwhenaTeestawAhnwcdrawdFheBmeDeeD.gofmodaAieTdotusholiunhctlNo3eeei4la,sna2FPinIettamnurodrosdafdaetaitteauihisorrnc..oencetMuTsor.hten.maa.Fecxdakr/toiiirtdinrahnangeDedoFcteiprowaiisldnlh/raViooiddiuTncriwne sleeaedliachr.ttidnosyhiFnaosltBwSSSwSwSwoehhhieewwwirgraaanmppewwwnnnttyieeeCgggn...ftwmmhhhghharaiaiahesbbnrtieifai,aeee,aFcmCnCrrsah2heth22s,ie0nirtiU33nne2ntaraneK0aa––.n ex d22pereto65&s.,,hcT22ooe 00wc.uh22.kn00Seh to w wwwBo.omthw75fa1 .net Wrentham Tool Products has been pro- InternatioSenptaelmber 28 – 30, 2020 ducing Cold Heading Tools and Gauging iCnoBmo- othILn3atse3rVn0eag,tiaosn,aNl VF,aUstSeAn er Exp o - IF E 2020, Maria Ford, Presidentfor the fastener industry for over 50 years. We produce both special and standard Speaker for Anaheim EventVolt Industrial Plastics’ subsid- iary JV Tool, can design and of Fastener Fair France Postponedproduce unique plastic fasteners aosfwifstnorcoovormereliwlnndmScstgswiomatruaiydoenpsefoedlrero.dfcWtanbotroaoiorgialeGlltmsinsne.lttagohlWko,Cahes(meitGbgforaamhistsanTettaeepgilnsScnricheotTtaa)ruArlso,ildn,uyeSrrotlaaocootnscllhtpagasaiariatonegvncadgeeenlne-dNy ortnheAwmbeorio- ks ownwws.faaslteen:ershows.com anMnoauaoycnoundukrcincenuBejdeerrrdcoet.tinohOotneukpmrsacporatloEtsdaxesloodthrgppvicoabiorsnitnisttteiatoohimunansrtesnht October 13 – 15, 2020 Fundamentals of Threaded fasteners and Joint FastemnaeterriaFlsapirageFrfoarnacliest.of the Design for Engineers and Designers The sipenosclywomeneurdss,eceoto-dpmoitlayionmunefrasco,taufnrde res- Black & Decker, Inc.,the reputation for the highest quality and Chicago, IL, :USA area our www.nnitraining.com the most dependable delivery perfor- the epvreecnisti,onwplhasitcichfaswtenaesrs. Towson, MD, USA, hasmance in the industry. We are licensed to OctoberBUYERS’Presented by: 14 – 16, 2020 GUIDFE astener Taiwan 2020, Kaohsiung, Taiwan manufacture TORQ-SET®, ACR® ribbed www.fastenertaiwan.com.tw TORQb-SeEeT®n,PHnILaLImPS SeQdUAAREs-DsRoIVc®i,ate Speaker at the SpecialtyACR® ribbed PHILLIPS®, ACR® ribbed November 11 – 12, 2020 Tools & reFrastener Fair Italy, Milan, Italy PHILLIPS II®, MORTORQ®, HEXLOBE, TORXF®aansdtQeUnADeRrEsX® pDroidsutctrs.ibutors AssociMaan-u2f0a0c7tu wt1twii0oow,nnS.2wh’&s0ree2(nTwS0trhTa.ialAldmaFetDdooSdAlh.rc)eooAmswsn,amNhaoenvimeumfaCbcoteunrrvi8neIINdgnTteEoSRn--NytAmiTfIOibNcoAaLltGsiUoIDwDwMwnE ewwiarceywwe2..1mfw08ab2isr–0etee,r2-ntD07reaü,r–dfs2aes10ie1fra2,iltdia12r o.l0cyr.o2fc,m0oGm e rmany Volt Industrial Plastics, Inc. Fastener Fair Stuttgart Stuttgart, Germany 700 Hwy.w2w02wW.vo•lYtpelllavsiltleic,sA.cRo7m2687, USA www.fastenerfair.com/stuttgart Contact: Heidi Volltrauer, COO Toll-Free: +1 800 844 8024 related issues during the General Toll-Free Fax: +1 877 453 8707 Session. Web Site: www.voltplastics.com www.stafda.org E-Mail: [email protected] Page 8