Fastener News Report July 13 2020 Issue Flip Book Edition

July 13, 2020 Volume 6, Issue 7 INSIDE THIS ISSUE Gilchrist Foundation Awards Scholarships.....2 R&D Fasteners Appoints HC Pacific.................2 USITC Rules on Staples from China.................2 LISI Group Acquires Full Ownership of TERMAX LLC Shimtech is now Avantus Aerospace..............3 The LISI Group has signed an agreement to acquire the remaining 49% of G.L. Huyett Expands Key Stock.........................3 Cooper & Turner to Supply Las Lomas.............4 TERMAX LLC’s equity. This transaction, initially planned for the first quarter of Bulten Acquires TensionCam; Wins Contract..4 2021, has enabled the LISI Group to become the sole owner of TERMAX LLC as IFI Elects Chairmen, Board & Chairs................5 of July 1st 2020. Brainard Rivet: Personnel & Equipment.......... 5 “With TERMAX LLC, LISI Automotive has TR Responds to High Demand.........................5 extended its global footprint in clip-fastening Yardley Changes Brand Name .......................5 solutions in a lasting manner. The commercial LindFast’s Organization Changes....................6 and industrial synergies between our Clipped Semblex Releases Software.............................6 Solutions Business Group and TERMAX LLC will Hafren Fasteners Celebrates 25 Years............6 continue to bear fruit. These synergies will allow Obituary: Dale Anne Tarantino.........................6 us to bring to a wider customer base the best FDI Rises to 56.9 In June................................... 7 development and production capabilities to offer innovative solutions in the Innovative Components Upgrades.................. 7 areas of weight reduction, electrification and autonomous vehicle equipment,” Conference Calls............................................... 7 Registration Open for IFE 2020.........................8 said François Liotard, Chief Executive Officer (CEO) of LISI Automotive. Subscribe, read or advertise @ www.fastenertech.com/FastenerNewsReport.asp For customers in North America and its employees, Termax will continue to operate under the Termax brand and current management, while being 100% Presented by: a part of LISI Automotive and able to offer the full range of Clipped Solutions products to customers in North America and globally. & www.lisi-group.com • www.termax.com MFDA Adds Tanzman & George to Hall of Fame Initial Publications, Inc. 1741 Akron Peninsula Rd, The Metropolitan Fastener Distributors Association Akron, OH 44313 USA (MFDA), which is headquartered in Glen Rock, NJ, USA, is now presenting the newest additions to the MFDA Hall of Fame. Tl: +1 330 864 2122 • Fx: +1 330 864 5298 www.fastenertech.com Irwin Tanzman—After being discharged from the Korean War, Irwin went Chip Lippincott Publisher Mike McNulty VP & Editor to work for H&M Hardware Co., a distributor of industrial products, where Jim Masar Senior Editor he worked for nine and a half years before starting Merrick Screw Tom Hutchinson Global Sales Manager & Supply in 1963. He later purchased Michigan Trading, an early Sally Goss Sales Representative importer of fasteners. After years of growth, the combined firms were purchased by Bossard Industries in 1998. Irwin remained at Bossard until retiring in May 2010. Irwin’s dedication to MFDA included being the organizer of the first MFDA Scholarship drive in 1979. Christopher George—While in college, Chris first worked at LJ Fasteners. At 23 he started out on his own in his parent’s basement. In a few years, the company moved to a small warehouse, and later moved its offices into an apartment next door. In 2007, Fastener Solutions, Inc. opened its second branch in Baton Rouge, LA, USA. From there, branches in Ohio, Texas, Pennsylvania and Franklin, LA, USA were added. Chris attributes the company’s success to the efforts of his mother, Marilu, and several key long-time employees. Those seasoned fastener specialists allowed us to serve customers while training new hires, and this award belongs to them. The Metropolitan Fastener Distributors Association Hall of Fame honors those in the metropolitan New York City area who have made outstanding contributions to the association and/or to the fastener business as a whole. The MFDA 2020 Hall of Fame Scholarship will be awarded in Irwin and Chris’ honor. www.mfda.us Page 1

BUSINESS & MARKET REPORT July 13, 2020 R &D F asteners Appoints HC Pacific Notebook R&D Fasteners, a leading manufac- fastening product that will completely Gilchrist Foundation turer of superior-quality standard and eliminate manufacturing lead-time for Awards Scholarships The Gilchrist Foundation has specialized fastening components, the user.” awarded four scholarships for 2020. Winners and their spon- has appointed HC Pacific as its ex- Ryan McCaffrey, R&D Fasteners soring companies are as follows. • Timothy Brenen, Epps- clusive master distributor for over 900 GM, commented, “R&D Fasteners is Fastener Supply Company products. This arrangement further excited to partner with HC Pacific in • Robert Carlton, expands HC Pacific’s current product our continued efforts to provide best-in- General Fasteners Corp. • Garrett Ray Spillman, portfolio in the military, energy, water class service to our customers all over Southern Fastener & Supply works and construction markets. HC the globe. This exclusive arrangement • Gina Graven, Elgin Fastener Pacific will be procuring a large initial safeguards product availability for over Group-VIA, The SEFA Gilchrist scholarship applicants stocking order of products, ensuring 900 of our most critical products.” can be full or part-time students www.hcpacific.com working in the industry or chil- immediate availability and same-day www.rdfast.com dren of working fastener people. shipment of these critical long-lead www.gilchristfoundation.com fastening components. USITC Says Steel Staples from China Injure USA Industry “It is an absolute honor to exclusively The United States International Trade Commission (USITC) de- distribute R&D product into the mar- termined that a USA industry is materially injured by imports ketplace,” said Andrew Pramschufer, of collated steel staples from China that the Department of HC Pacific CEO. “As a classic distribu- Commerce (DOC) has found are subsidized and sold in the USA tion partner, HC Pacific is making a at less than fair value. As a result, DOC will issue antidumping and sizable inventory investment in R&D’s countervailing duty orders on im- ports of this product from China. Brad Burel to VP Sales supply chain partner for manufac- USITC also made negative find- turers and distributors. ings with regard to imports of this at Advance Components product from China. As a result, Advance Components, Dallas, www.advancecomponents.com these imports are not subject to retroactive duties. TX, USA, has promoted Brad Burel from Director of National Sales Acument Global names TORX® www.usitc.gov quality award winners for 2019 to Vice President www.saspi.es of Sales. With Ad- Acument Global Technologies, vance for 16 years, Inc., Belvidere, IL, USA, has an- Burel began in Ac- nounced the 2019 count Management, winners of its Intel- SmaolevseSdMpatonoaRtgeleiggrioahnntadlownasNthIeFnSp/roW- ESlLe)TcTtOuEaRxXl Ph®roiDbprieivrtetoieSsryss&teL.mi.c.ceWonsoninrtldgin’sCu(lIaPes&ds moted to Director National of Sales. Quality Award. atmnoecocmwBAnouedusmrViapri/neangnrorToatldlygeitdmnswiuIlnJtentnVchjaVeideelecueulnPoruTtrsinolnlalomctBtdaeoirinqgooifsIlaiaiu,aontmseemliedtctndcPhmdoaprspllu,nil7adabaseaIs5seAsdnta1tundtnirinVecccltitpsyse.oaefK’tiaa’gesslswrrsunttaIstsebneonmatasihdeainfndlardesumsi-tAtssiinaR.tarttaoiinavydael-,WdWtffWooruororecmetlriihpnnnecSpmaesrtgghionfopmamCaaduasmtoupusaStnhelelcodnednenTei,anHneontbBurvtMmaooeor,iilgoaneltmfisPhddoaeaTtnTraiuonstotaksscphloghhdetaerdiiuTtogfyc3ewoacuoyihrf4atlsoostlsit2lrfaereTsvPhanecioanaOeahnCervnsdrreAods,brRhs,steGde5atMorreaX0iaaounnnnuynrosdpeggepcealaadliairtinnrrxcopcssd,agge-.ietcrnGhenodeess, reeS1Um7einnnSstafgiaAennrasweVgyipwtInc,TeniobesenteJtBhriieoarecveteeor--orh,Fnoknaatsoshtiltoooe3nngn3ay0esl,ra HeycoyoouPurrncouederrdue.ncOttuspr,acPrattasarlookrgevcriosniFttaaoisuntsreners,sincvreewnitnsoragynodtfhtboooelltisn.agW,wsetrmaateargindictaaliflnyolaorclaatrthegdeeir 2019 perfor- Vogelmsaatenrigal,s Dpaagevifeorsa Mlisot oldf tihneg, Es-worldmwiaden. Wcreen.thRaemcisipproieudntotshaovef the TORX Drive Asednvtarnapipncor/seleMycwimsCeiiceouornrssom,epclotapPo-spotlmoiacnlaysfenamtusnietcfertassnsc,etaurianssr.denarodeustr-rmusotreed,mmtthheaaennrmeucSfpeofoayuisncrttstatuthd2tiroeeeenp0inmTefdo1Onru9dRtsahWQtbreiy-lnhSe.oWEigcdTrheel®lelua,disArvtedeqClruCiRyecae®llpnirattseiyhbersadbfoenestrddo- Quality Award BUYERS’Presented by: following. GUIDE TORQ-SET®,PHILLIPS SQUARE-DRIV®, ACR® ribbed PHILLIPS®, ACR® ribbed PHILLIPS II®, MORTORQ®, HEXLOBE, TORX® and QUADREX® products. 2007 Manufacturer Identification Symbols INTERNATIONAL GUIDE Volt Industrial Plastics, Inc. 700 Hwy.w2w02wW.vo•lYtpelllavsiltleic,sA.cRo7m2687, USA www.wrenthamtool.com Contact: Heidi Volltrauer, COO Toll-Free: +1 800 844 8024 www.ndindustries.com Toll-Free Fax: +1 877 453 8707 Web Site: www.voltplastics.com E-Mail: [email protected] Page 2

BUSINESS & MARKET REPORT TORX Drive Tool Licensees: Rick Bailey to Chief July 13, 2020 • Mayhew Bestway Tools, Metallurgist at Valley Forge Notebook Ormond Beach, FL, USA Valley Forge & Bolt, Phoenix, AZ, • Progressive Chun Yip Co., USA, welcomes Rick Bailey as Chief Shimtech Industries Changes Metallurgist. Throughout his more Name to Avantus Aerospace Ltd., Tianjin, China than four-decade career, Bailey has Shimtech Industries, Santa • Snap-On, Inc., Milwaukee, specialized in steel, the core com- Claritas, CA, USA, a group of ponent of Valley Forge products. He aerospace manufacturing firms WI, USA will apply his scientific and technical in Europe and North America, is • Walter Schröder GmbH, knowledge, and leadership abilities now Avantus Aerospace. After to Valley Forge’s continued growth over 50 years in the industry, Iserlohn, Germany as the top supplier of fasteners and Avantus compa- • Western Forge, Colorado custom critical joint solutions. nies have evolved to make products beyond shims. Springs, CO, USA Bailey will be involved in many The group now offers C-class • Yih Cheng Factory Co., Ltd., levels of the organization, with an and specialty machined fastener eye on maintaining efficient, high- parts as well as composite and Nantou, Taiwan, ROC quality processes. He will focus metal bond structures serving • Zephyr Manufacturing Co., on creating product formulations aerospace customers in the civil, and purchasing steel, production military and aftermarket sectors. Inglewood, CA, USA planning, advising on forging and Each Avantus company trades heat-treating, expanding employee under its own name, but receives TORX Fastener Licensees: understanding of product functions Avantus group support. • Agrati, Medina, Ohio USA and assisting with quality controls. • Arnold Fasteners Co., Ltd., www.avantusaerospace.com www.vfbolts.com Shenyang, China. G.L. Huyett Expands Key Stock • CELO, S.A., Barcelona, Spain Auto Bolt continues to invest G.L. Huyett now offers DFARS- • EJOT Fastening Systems Co., in better customer service compliant MAK-A-KEY® Nickel- Copper Alloy/Monel® 400 Key Ltd., Taicang, China Auto Bolt’s commitment to pro- Stock with free MTRs. This key • EJOT GmbH & Co. KG, viding exceptional service and stock is produced with very tight producing high-quality parts is tolerances and is ready-made to Tambach-Dietharz, Germany supported with its newest addition. • Gosho Works Ltd., Yokohama- A video showcases Auto Bolt’s new fit your key way. Finished stock is National M20 diameter 4-die high- marked with size/lot number for shi, Kanagawa, Japan speed bolt maker. You can watch as easy identification and tracking. • Holbrook Manufacturing, Inc., parts get transferred from one die to the next at very high speeds. The www.huyett.com Wheeling, IL, USA • Industrias Lotu, S.A., Spain • Lih Ta Fasteners Co., Taiwan • Saga Tekkohsho Co., Japan • Semblex Corp., Elmhurst, IL, USA • Sin Fu Shan Int’l., Corp., Taiwan • Southco, Inc., Honeoye Falls, NY, USA • Stanley Engineered Fastening Ltd., Wuxi, China • TR Formac Pte, Ltd., Singapore • Unisteel Technology Co., China • Unisteel Technology (M) Sdn Bhd., Johor Darul Takzim, Malaysia www.acument.com [email protected] • www.heroslam.com Page 3

BUSINESS & MARKET REPORT July 13, 2020 M20 capabilities range from 5/8\" hurst, NY, USA, has promoted to 1\" (M16 to M24) in diameter by longtime employee James Hard- Notebook 6\" in length (150 mm). The new bolt ing to Director of Opera- maker will provide additional sup- tions. Harding joined the Cooper & Turner to Supply port in meeting customers’ needs. Century team in 2003 to Studs for Las Lomas Project View the video at: create what is now the Centralized UK-based Cooper & Turner will https://blog.autoboltusa.com Purchasing Division. He then tran- sitioned from Corporate Purchasing supply foundation Auto Bolt, Cleveland, OH, USA, Manager to Branch Manager of the studs to the Las Lo- specializes in low and high-volume Atlanta Operations. While Branch mas wind farm project from its commercial fasteners. Manager, he was integral in branch manufacturing site in Pueblo, CO, consolidations, sales office open- USA. The Las Lomas project is sit- www.autoboltusa.com ings, assisting Quality to achieve uated in rural south Texas, where AS9100D certification, implementa- large-scale energy projects bring Jim Maher to Director tion of Quality software and recently needed economic development. role at Distribution One leading Century’s Branch Closure The wind farm will consist of 48 COVID-19 Protocols Task Force. 4.2 MW wind turbines, an un- Distribution One, announces derground electrical collection that Jim Maher is now Director, www.centuryfasteners.com system and a five-mile overhead Global Customer Success and 138 kV transmission line. Operations. He will be a member TriMas Aerospace www.cooperandturner.co.uk of the Executive Lead- expands European footprint ership Team reporting Bulten Acquires TensionCam to co-founders Larry TriMas Aerospace, Bloomfield Shares; Wins FSP Contract Ward and Dean Chris- Hills, MI, USA, has partnered with Bulten acquired newly issued tianson, and will lead Kuehne+Nagel shares in TensionCam Sys- customer support, implementation to establish a tems AB at a price and operations. He brings over 25 European logistics hub in Contern, of SEK 6 million. years of enterprise customer suc- Luxembourg. The deal was driven Bulten is now the owner of 27% cess, operations, sales and strategy by TriMas Aerospace’s business of TensionCam’s shares, allow- experience from software firms like growth in the region with customers ing Bulten and TensionCam to Model N, Bluewolf and Epicor. like Airbus, Safran and Sonaca and deepen their cooperation in the the strategic positioning of parts to development of wireless clamp www.distone.com service its customers. force monitoring of screw joints. Bulten has also won an FSP (Full Semblex Article Correction Kuehne+Nagel is a well-respect- Service Provider) contract for sup- On page 112 of the FF News & Info ed global third-party logistics pro- ply of fasteners to a European vider with a major European pres- automotive manufacturer, which editorial section ence and ability to support strategic is also one of its existing custom- of the June 2020 warehousing and logistics. The ers. The contract is a transfer of issue of Fastener Technology Inter- European logistics hub also gives an ongoing FSP set up for two as- national magazine, there appeared TriMas the ability to pre-position sembly plants with annual worth an article for Semblex Corporation, product to support the region. of some €60 million at full pace. titled, “Semblex Receives GM Sup- plier Award”. The second sentence www.trimascorp.com www.bulten.com of this article erroneously stated that Semblex was being recognized by Howmet Aerospace Jackie Ventura Ford. The editorial staff apologizes 2019 ESG Report Sales Representative for this error. Howmet Aerospace, Pittsburgh, Phone: 330-467-0102 • Mobile: 216-338-8485 For more about the products and PA, USA, has re- Fax: 330-467-0108 • Email: [email protected] services offered by Semblex, visit: leased its inaugural Environmental, Social and Gover- Web: www.JackieVentura.com www.semblex.com nance (ESG) Report. The report high- News & Notes: www.JackieVentura.Net lights the company’s commitment Century Fasteners and approach to sustainability as Skype: Jackie.Ventura1 promotes James Harding well as detailed results against its Twitter: @JackieVentura1 Century Fasteners Corp., Elm- Page 4

BUSINESS & MARKET REPORT key metrics designed to drive posi- standard. July 13, 2020 tive impacts for its stakeholders and surrounding communities. DEKRA Notebook Certifica- www.howmet.com tion GmbH TR Responds to High Demand has conducted an audit of the for Sheet Metal Fasteners IVOSTUD is ISO 45001 certified implementation of the manage- The COVID-19 pandemic has cre- IVOSTUD has changed its oc- ment system conforming to the ated a surge in global demand standard and has issued the ISO for medical equipment, with cupational health and safety man- 45001 certificate. www.ivostud.com the effect of a huge demand agement from OHSAS 18001 to the for sheet metal fasteners, for requirements of the new ISO 45001 producing essential equipment including ventilators. TR Fasten- IFI Elects New Chairman, Vice Chairman ings has been as responsive as & Names Board Members and Division Chairs possible to meet this demand and is investing in the expansion The Industrial Fasteners Institute • David Hebert, Freeway Corp. of its Hank® Self Clinch Fasteners (IFI), Independence, OH, USA, held its • Brian Stark, Rockford Fastener and is launching a new range of Annual Meeting in Clearwater Beach, • Dan Curtis, MacLean-Fogg Co. K-Series® Thin Nuts. • Richard Brittan, Tri Star Metals FL, USA, March 7 to 10, 2020. • Wayne Drysol, 3V Fastening www.trfastenings.com 2020 Division Chairs for IFI are: The new IFI Chairman Yardley Products Changes • Division I – Industrial Products: Brand Name to Yardley Inserts for the period 2020 to Manufacturer of high-quality Steven Sherman, threaded metal inserts, Yard- 2021 is Kevin Johnson Industrial Rivet & Fastener ley Inserts LLC, Landisville, PA, of Birmingham Fas- • Division II – Aerospace Fastener tener, Inc. and the new- USA, recently ly elected Vice Chair- Products: Pat Wells, announced a The Young Engineers, Inc. change in its man is Edward Lumm • Division III – Automotive Industry product brand name to Yardley Inserts. The change was made of Shannon Precision Kevin Johnson Fastener Group: Gene Simpson, to help align the firm’s brand Semblex Corporation appearance to its main product Fastener, LLC. • Associate Suppliers’ Division: line, threaded metal inserts. Yardley says this is a new name, In addition to Johnson and Lumm, the Richard Brittan, Tri Star Metals but the same quality products. IFI is an association of the leading The change is accompanied by Board of Directors also includes: ISO 9001:2015 certification. North American makers of bolts, nuts, www.yardleyinserts.com • Manny DeSantis, Valley Fastener Group LLC screws, rivets, pins, washers and cus- • Pat Wells, The Young Engineers tom formed parts. • Don Kubkowski, Sems and Specials www.indfast.org • Paula Tognetti, MNP Corp. • Jeff Liter, Wrought Washer Mfg. Brainard Rivet Company Announces Personnel Changes & New Equipment Additions Brainard Rivet Company has ap- Brainard Rivet also installed new pointed Joseph Lamanna as General production equipment. A new state-of- Manager. Lamanna has held various the-art parts washer with a LeanDrum roles dating back to the Textron platform offers a low cost, energy effi- cient, reliable solution for cleaning high days. Using his volumes of parts. Also new is a high- unique blend of speed parts pointer/end driller and manufacturing, state-of-the-art threading machine. accounting and IT knowledge www.brainardrivet.com and skills, Brainard has navigated the choppy waves of COVID-19 while im- proving customer partnerships. Also, Sales Manager, Paul Kovach, New parts has retired after over 27 years of ser- washer seen vice. He will devote more time to his family and to his writing as a baseball with parts. historian. His responsibilities will be assumed by new Director of Sales, Donnie Kirkwood. Many of Donnie’s previous duties will be assumed by Customer Account Rep, Tim Fawcett. Page 5

BUSINESS & MARKET REPORT July 13,2020 LindFast Announces Organization Changes Notebook LindFast Solutions Group (LSG), of Bill Akerfeldt to Vice President and Blaine, MN, USA, a master distributor General Manager and Marvin Brown Semblex Releases to Senior Director of Operations and Predictive Software of specialty fasteners in North America, Administration of LindFast Canada. Semblex is pleased to announce the release of OptiCalc® in sup- has promoted three of its Vice Presi- “We are extremely pleased to be an- port of FDS® and FastFlow® flow nouncing the promotion of these five drilling screw technology. The dents to its Senior Leadership team. key leaders,” said CEO, Bill Niketas. predictive tool allows for calcula- “Collectively, they have a decades-long tions to be made based on dif- Bernie Longen, previous Vice Presi- track record in this industry, and they ferent material thicknesses, hole dent of Sales, will take on the role of are all leaders who embrace our core sizes, engagement lengths, RPM values of integrity, respect, ownership, and drive tool variables. President of the Lindstrom division. collaboration, excellence and humility.” John (OJ) Simpson, previous Vice President of Sales, will take on the role www.lindfastgroup.com of President of the Stelfast division. Jon Newman, previous Vice President of Purchasing and Quality, will take on the role of Senior Vice President of Purchasing, Quality and General Manager of the Mega Metric division. LSG also announced the promotions Engineering questions can be di- SFS expects solid half-year appointment of Milford W. McGuirt rected to [email protected]. results despite pandemic to serve as a mem- ber of the company’s www.semblex.com SFS says that after a solid Q1, its Board of Directors. McGuirt was business was negatively affected in appointed on June 28, 2020, and Hafren Fasteners Celebrates the second quarter by the economic will serve as a member of the Audit 25 Years in Business impact of the pandemic. and Nominating and Corporate In 2020, Hafren Fasteners cel- SFS focus has been on ebrates 25 years of business, protecting employee Obituary: Dale Anne Tarantino having established itself as a health, maintaining business con- market leader in the supply of tinuity and implementing measures The Pacific-West Fastener Association reports security fasteners. Since 1995, to protect profitability. Innovation- that Dale Anne Tarantino passed away Nov. 16, Hafren gained a reputation as driven projects continued as before. 2019, near family in Wilmington, NC, USA. She is an expert in anti-tamper secu- survived by two older brothers and extended fami- rity fasteners with outstanding However, thanks to organic lies. Dale was born Aug. 29, 1947, customer service and industry growth at two divisions and a well- in Washington DC, to Arthur and knowledge. Much has changed balanced positioning, SFS says the Jean Bonney. She spent most of in 25 years, with Hafren moving decline against prior year sales of her childhood in Silver Spring, MD, premises four times to accom- CHF 867.8 million is limited to -11%. USA. After receiving a Bachelor of modate business expansion and The negative currency effect offsets Science degree in mathematics in ongoing operations expansion. the positive acquisition effect. 1968 at Westminster College, she taught fifth grade math, until accepting an inside www.hafrenfasteners.com SFS expects the EBIT margin for sales rep job selling nuts, bolts and screws in the first half year to be at around 9% Cleveland, OH, USA. After moving to California [email protected] (12.6% prior-year) and the EBITDA in 1978, she began working as a sales rep for www.nationalmachy.com margin at 15% (17.6% prior-year). Holo-Krome. A colleague said, “Dale was always very easy to talk to and was one of the first techni- Page 6 Detailed financials for 2020’s cally trained sales people I’d met in the fastener first half and revised guidance for industry. She taught me a lot about the engineering the full year will be released July 21. end of socket products, things that I remember and still use today. Our paths crossed many times www.sfs.com over the years as I was her customer, competitor and colleague.” In 1985 Dale held the position HD Supply announces new of western regional sales manager for Bossard Board Member & conclusion International, until going into the rep business in of SEC investigation the 1990s. She was on the Los Angeles Fastener Association Board of Directors from 1997-2001, HD Supply Holdings, Inc., Alt- and was President from 1998-2000. She was lanta, GA, USA, one of the largest instrumental in creation of LAFA fastener industry industrial distributors in North technical training programs, which led to creation America, recently announced the of the Fastener Training Institute. In 2011, she started her own agency as an independent factory rep and internal auditor to help companies prepare for ISO registration. In December 2017, Dale moved to Wilmington to be closer to family. She retired from the fastener industry and spent time at the beach and enjoying her new home. In No- vember 2019 she lost her long battle with cancer.

Written by R.W. Baird analyst David J. Manthey, CFA 7/6/20 BUSINESS & MARKET REPORT July 13, 2020 Fastener Distributor Index (FDI) Rises to 56.9 Notebook BusinesKseyseTeamkeeadwtaoyr:eact to the re-openings the newly named Presidents of the operating with gusto, as the FDI climbed to 56.9 in June, divisions of LindFast Solutions Group, at: again imThpreovsienagsoafntearlltyheadMjuasyteredaFdainsgteonfe4r5D.0i,stribwuwtwo.rfuInllydtherxea(FdDedI).cfoomr June was 56.9, surging m/m as the economic s(ssTFeohhLaoaeIstr)iofnuronegprapsrtschesttpleeloray-oefrouoln6healnpfd9sdairgee.rjep9ueisdnnbs.stsdiosttnTeeuitsmhgidsxlnmoei.idnclpwaeFocowrloenryatatr,tihwsoeinmnanaadloutarrodvrleuyhgfindLenatg2.ohlesy0oeStvok1ofaeuii5n8lcnnee2dcg,lse.eua6aIdxrtnsna,rrdbeedfpwitycndeahacrdrtithocsitostiiehsnrcnwdicpeietariwtfAYnoeFrJoicwatbnausbqnuswaruettugl.oeacftaaanrtooisinersemnnyttrrwe.DmcftintetTiohehhselhlntanreortsetnihfwbsicedrulsseaeetNFeionaaxnDaordr-cIcimsrIntnteqoidhtgooounehanenAxahostmrleutltheilysopecenroeou.iCsccxuvsoaOpteafmnleurVroeyrc/IoftfDtahcwikesshe-ed1t/rfeltmc9udanfoa.oerkemtivirnhnee.Naedgnloeairsmspsftt-::/hi,amajJoppurernio,teyvaels&IIobnndhfeosnraiUwtetnoasoendpvndlovlewasnefauttdAhiisrelvtasnshtethtesisietrseC,smoNmbelwpyoMWneaencbhtssiint ee 43.9 therepcroevvieoruys mfroonmth.the bottom, with the FD+I1o8n7c7e33a2ga7i8n36returning to growth, and momentuImnncoonvtianutievdetoComponents, Inc., pPoledacsaesti,mcelipcprkisoovindee.to15th4efeFautullryingThMreikaedeMdcNRualdtyio, The Knob Source®, headquar- www.fdisurvey.com tered in Schaumburg, IL, USA, for further analysis. We'll also be speaking to www.fastenersclearinghouse.com Fastener Distribution Trends: June 2020 www.nfda-fastener.org FASTENER DISTRIBUTION AT A GLANCE has recently installed a new June 2020 Rate of automated assembly machine ------------------------- Index Values ---------------------- Jun May Apr Mar Feb Jan Dec Nov Oct Direction Change that drastically increases In- PMI (Manufacturing Sector) 52.6 43.1 41.5 49.1 50.1 50.9 47.8 48.1 48.3 Growing Faster novative Components’ capacity FDI (Fastener Sector) 56.9 46.9 41.8 45.6 51.3 55.4 43.4 45.5 52.2 Growing Faster in assembling press-on-thumb Faster FDI (Seasonally Adjusted) 56.9 45.0 40.0 44.4 53.0 51.4 44.4 46.7 52.1 Growing Sales (SA) 69.9 28.9 14.0 34.6 54.9 50.0 34.9 35.5 48.2 Growing Faster screws. The automated as- Forward- Looking (SA) 52.6 43.9 36.2 33.3 48.9 50.9 46.2 46.5 44.2 Growing Faster sembly machine also frees up resources that can be utilized to (Other Metrics; NSA) 56.6 40.0 26.8 27.0 48.2 56.7 45.3 48.5 48.7 Growing Faster Employment Supplier Deliveries 57.9 67.5 76.8 68.9 66.1 58.3 53.1 51.5 55.1 Growing Slower fulfill other manual light assem- Respondent Inventories 69.7 70.0 68.3 64.9 64.3 63.3 65.6 65.2 69.2 Growing Slower Customer Inventories 47.4 48.8 47.6 48.6 41.1 41.7 43.8 51.5 52.6 Declining Faster bly work orders. Pricing, month-to-month 52.6 47.5 59.8 50.0 50.0 58.3 60.9 57.6 59.0 Growing Faster Pricing, year-to-year 60.5 61.3 67.1 60.8 58.9 70.0 79.7 78.8 84.6 Growing Slower Also, the company now offers 6-Month Outlook -June a new website. Please visit the Higher Same Lower 61% 29% 11% FDI and Pricing are diffusion indexes. At 50, the performance of the category listed met expectations. A reading new website listed below. above 50 suggests the category outperformed expectations,while a reading below 50 suggests the category underperformed expectations. Source: Baird, FCH Sourcing Network, Institute for Supply Management Governance Committees. Grainger to divest of SupAplslyodAin,ribdsetoourcusinbettruiyttvhJoteuerresdn,Fnacdeaosstn/eo2dlneuu4ettcrlt,toeeDod2rkiss0wtf.rri2Siotbih0mmutt,ihloaerHtrhlFIyDnCe, dtHheeSxoGF(uoFrrDrcwGaIin)a.irgnradTNgh-iLneeeotgwoFrkDeoiCInrrk,gihsaIlinanenddamaicBdaoatbnioinrturdhg(.lsyFIiLtnbsIo)uerfirsfovesberassyadsionefsdligNionhnotersathiwntAeoimgcheutrreircdeanantveffaarssattgeeennoeerrf AtlantafoRuer gfoiorwnaardl -loofofikcineg oinfptuhtse fUro.mS. thesuFDpI psluirevreyo. fThmis aininditceatnoar niscdee,sirgenepdatiro provInidneodviaretcivtieonCaol mponents, Inc. pro- SecuritipeesrspaencdtiveExocnhfautnugreeeCxpoemctamtioisn-s for fastener market caonndditoiopnes.raAstindgiffu(MsioRnOin) dexevs,idvealsuems aabnovuefacturers with high- HhsiaoDsnSc(uSopE5r(mGeCp0lW.el)p0y,vWlacseHniog)tteonnatadnlofdlidrisFimnMttasrgseSitnnCseinggn,ItnvaIhndetl,hu(cswFas.tAt,hitrgSiailtTaeahn)ltre(aideMonasndStdhtMiabnaor)gfo.ftfsabdelstyleoerwrelelled5itv0sai.nn0dttsoitsigotanroiabdtlhuewetfrepiioanirnkniodntiuedvbsseutusr.acisaOitglnsvdree,eirsstehtrsiimmabiuneset,onCreretshnstsuio--ultcshsahsomqpuWurlaid.acWnbeli.uetsyGf,darpairctiehrntcougrteodlryriuuncggthsaanetdxccseoelmlrevpniceceteit,iviinne based on the results, the SEC will not na, Grainger China, to a purchaser order to ensure continued cus- recommend to the Commission that owned by the Grainger China tomer success while encourag- an enforcement action be brought management team and Sinovation ing innovation. against the company. Ventures, a China-based venture The company’s everyday work ir.hdsupply.com capital firm. This enables Grainger and approach to business are Doncasters targets aerospace to better focus on its key businesses guided by its five company core market growth opportunities and geographies. The company will also maintain its Global Sourcing values: Respect, Teamwork, Con- Doncasters, Burton Upon Trent, operations in China. UK, has announced the appoint- tinuous Improvement, Service ment of Jason Wood as Sales & pressroom.grainger.com and Integrity. www.innovative-components.com Commercial Director for its Euro- Conference Calls... pean region. The appointment bol- sters the existing commercial team • Fastenal, Winona, MN, USA, USA, will review Q2 results and current operations on July 14, and represents an acceleration of 2020, at 9 AM CT. investor.fastenal.com • Stanley Black & Decker, New Britain, CT, USA, Doncasters’ strategy of pursuing USA, will present Q2 earnings, July 30, 2020, at Don't Miss On-Demand Fastener Talk Radio! growth opportunities by developing 8 AM ET. ir.stanleyblackanddecker.com FTR is talk radio for the fastener industry, featuring its partnerships with OEMs within guests, commentary and conversation designed to the aerospace sector. • TriMas, Bloomfield Hills, MI, USA, USA, will inform and entertain fastener professionals. Available present Q2 earnings, July 30, 2020, at 10 AM any time in streaming or download formats. Tune in www.doncasters.com ET. www.trimascorp.com today! Log on to listen to Fully Threaded Radio: www.fullythreaded.com Page 7

EVENTS & OPPORTUNITIES Registration Open for IFE 2020 felt this was the best decision. The July 13, 2020 Registration is open at the web- NCFA’s Night at the Ballpark has also been canceled. The Screw EVENTS site below for the International Fas- Open Golf Outing is still on for Sep- tener Expo (IFE) 2020. IFE 2020 takes tember 10, 2020. Date TBD – POSTPONED place as scheduled, September 28 Fastener Fair France, Paris, France to 30, 2020, in Halls C and D at the www.ncfaonline.com www.fastenerfairfrance.com Mandalay Bay Convention Cen- ter, Las Vegas, NV, USA. The expo Nucor Named GM Supplier August 10 – 18, 2020 is North America’s most extensive of Year for 2nd Year in a Row 2020 China Fastener Show Online business-to-business tradeshow en.fastenershow.com of its kind for all types of fasteners, For the second year in a row, Nu- machinery, tooling and other indus- cor Corp., Charlotte, NC, USA, was September 23 – 26, 2020 trial products. recognized as a General Motors Shanghai Fastener & Tech Show Shanghai, China 2020 Supplier of the Year www.fastenertradeshow.net during a virtual cer- IFE will host a robust conference emony on June 24, 2020. Less than September 23 – 26, 2020 schedule with highlights on technol- one percent of GM suppliers receive wire China 2020 ogy, leadership, business manage- this award, and Nucor remains the Shanghai, China ment, current market challenges only electric arc furnace steel maker www.wirechina.net and best practices, in an environ- to receive this recognition. ment that places the health and www.nucor.com September 28 – 30, 2020 safety of IFE customers and staff as International Fastener Expo - IFE 2020 its top priority. Owned by Emerald, Würth Family Visits SWG Las Vegas, NV, USA IFE includes Emerald’s Prepared- On June 16, 2020, Schrauben- www.fastenershows.com ness, Prevention and Response Plan, which outlines the specific werk Gaisbach GmbH (SWG) October 8 – 9, 2020 protocols being implemented both was visited by Prof. Dr. h. c. mult. Fastener Fair Mexico 2020 during event-planning and onsite at Reinhold Würth with his wife Car- Mexico City, Mexico IFE. Learn more at the show website. men Würth, other family members www.fastenerfair.com/mexico and a few representatives of the Register early to take advantage Central Managing Board. Due to October 9 – 10, 2020 Subscribe, read or advertise @ www.fastenertech.com/FastenerNewsReport.asp of early-bird pricing at US$50. Pric- the current situation, the tour of the Fastener Fair Delhi ing increases to US$75 after June completed building was organized New Delhi, India 30, and on-site fee will be US$85. on a smaller scale. www.fastenerfair.com/india/delhi www.fastenershows.com During the tour of the new build- October 13 – 15, 2020 ings and the following lunch, Re- Fundamentals of Threaded fasteners and NCFA Distributor inhold Würth showed satisfaction. Joint Design for Engineers and Designers Social 2020 Canceled Chicago, IL, USA area www.swg-produktion.de www.nnitraining.com The North Coast Fastener As- sociation (NCFA) has officially HEX SOCKET SET SCREWS October 14 – 16, 2020 canceled the NCFA Distributor SOCKET, FLAT & BUTTON HEAD CAP SCREWS SQUARE HEAD SET SCREWS Fastener Taiwan 2020, Kaohsiung, Taiwan Social that was ini- SHOULDER BOLTS tially postponed to HEX & TORX KEYS www.fastenertaiwan.com.tw September 2020. ZINC PLATED SOCKETS With feedback from SPECIALS, STANDARDS & SECONDARIES October 27 – 29, 2020 the industry and parts2clean, Stuttgart, Germany concern of another 300 North Klick St., www.parts2clean.de upswing of COVID-19 this fall, NCFA Hampshire, IL 60140 630.800.6377 / [email protected] November 3 – 4, 2020 Fastener Exhibition & Conference Birmingham, UK www.thefastenexpo.co.uk November 3 – 5, 2020 International Fastener Show China 2020 Shanghai, China en.afastener.com November 11 – 12, 2020 Fastener Fair Italy, Milan, Italy www.fastenerfairitaly.com December 7 – 11, 2020 wire 2020, Düsseldorf, Germany www.wire-tradefair.com March 23 – 25, 2021 Fastener Fair USA, Cleveland, OH, USA www.fastenerfairusa.com May 18 – 20, 2021 Fastener Fair Stuttgart Stuttgart, Germany www.fastenerfair.com/stuttgart Page 8