Fastener News Report May 18 2020 Issue Flip Book Edition

May 18, 2020 Volume 6, Issue 5 INSIDE THIS ISSUE Birmingham Fastener Acquires Atlanta Rod..2 NFDA Live! Virtual Speaker Summit................. 2 Fastener Fair USA Postponed to March 2021 Würth Group Strategy & Celebrations.............3 JW Winco Opens New Branch Office...............4 After careful consideration and due to the escalation of COVID-19 in the USA, SPIROL Launches New Insert Series.................4 EJOT Wins 2020 PACE Award...........................4 Reed Exhibitions has announced that the next edition of Fastener Fair USA will Dyson Acquires Accu-Tech...............................5 now take place March 23 to 25, 2021, at the Huntington Convention Center in Buehler’s Fastener Metallography Webinar... 5 EFC Expands with New Warehouse & Office.. 5 Cleveland, OH, USA. Initially optimistic that the event could WIFI’s Margaret Davis Scholarship...................6 be held in late July 2020, as the pandemic has continued to escalate and the challenges it has brought to the industry, Obituaries: David Purcell, Keith Mantis and it is clear that July is no longer a viable option. Perry Rosenstein.............................................6 “This decision was made in response to unprecedented AIS Wins Award for Outstanding Quality.........6 challenges we are facing as an industry. We know this deci- Fastener Distributor Index (FDI) falls to 40.0.... 7 Goebel Fasteners Names D. esert Distribution & sion impacts our exhibitors, attendees and stakeholders and was not made Jackie Ventura Manufacturer Reps............... 7 lightly,” said Bob Chiricosta, Event Director, Fastener Fair USA. “Our entire team Sales, Net Income & Dividends........................ 7 is passionate about continuing the long tradition of networking, new sourcing International Fastener Show China, MWFA and education. We are working on ways to bring our industry together virtually and Fastener Fair Mexico Postponed...........8 throughout the summer and face-to-face in Cleveland in March 2021.” While Webinars from IFE, FTI & Optimas....................8 Subscribe, read or advertise @ www.fastenertech.com/FastenerNewsReport.asp there will not be a physical event in 2020, the Fastener Fair USA team is find- ing new and different ways to facilitate business connections through virtual Presented by: platforms. Randy Field, Group Vice President, Reed Exhibitions, said, “We are grateful to and proud of our customers and the industry who hung in there & with the desire to deliver an event in 2020. Each of them plays a critical role in making Fastener Fair USA an important gathering for fastener manufacturing, Initial Publications, Inc. distribution and end user professionals. While we recognize and appreciate how 1741 Akron Peninsula Rd, important Fastener Fair USA is to the industry, based on the current pandemic Akron, OH 44313 USA situation and the safety of all our customers, we believe we made the right decision to postpone Fastener Fair USA to 2021 at a time when the industry is Tl: +1 330 864 2122 • Fx: +1 330 864 5298 ready and able to get back to business.” w ww.fastenerfairusa.com www.fastenertech.com Solution Industries Moves to New Home Chip Lippincott Publisher Mike McNulty VP & Editor Solution Industries has permanently moved to a new home in Strongsville, Jim Masar Senior Editor OH, USA. John Radel, President, reports, “The new building has a spacious Tom Hutchinson Global Sales Manager Sally Goss Sales Representative warehouse with ample square footage to house stock and release orders, state-of-the-art packaging machines, designated areas for customer specific production and is equipped with wire- guided, RFID controller turret trucks for efficiency and safety. Our employees are happy to have contemporary offices, a game room for some friendly competition during down time, a weight room and even pods to relax in during breaks. On top of all that, we have a high-tech training room ready for educational seminars and training, especially as we ramp up for AS 9100 accreditations. With some 50,000 ft2 on eight acres, we have plenty of expansion space with phase I already in the planning stages. “If you plan on coming to the Cleveland area, our doors are always open. In fact, put it on the calendar to visit Team Solution at Fastener Fair USA 2021.” John Radel, President, Solution Industries. www.solutionind.com Page 1

BUSINESS & MARKET REPORT May 18, 2020 N FDA Live! Virtual Speaker Summit The National Fastener Distributors • Win hWaat sinhitnhgetoWno?rAldGIsoGveo3rinQnmg eIonnntc . Announce Notebook Association (NFDA) presents, NFDA Live!, a series of four virtual educa- Birmingham Fastener Relations Update Acquires Atlanta Rod Birmingham Fastener and Sup- tional programs to inspire and educate • Current and Emerging 3TrQen,dIsn c., a fastener ply Inc., Birmingham, AL, USA, you and then let you get on with your DineEvmeloplpoinyegeMBeenntaelfiTtsouagnhnneosusn ce some upd has acquired Atlanta Rod and day. Don’t miss out on the dynamic and • Manufacturing, a fellow do- mestic manufacturer of fasten- informative speaker line-up of fastener in the Workplace ers. John White will stay on as pdrisocfeussssioionnasls.vIinaaZdodiotimo3nQ, tNoIFrnoDucAn.dALtainvbelne!ounces Staffing ChangesRIneMpreasrcehn,taKtiivleey. KKirl President of Atlanta Rod, joining •s• peaEGRkceouoruidnnpaodrnemtcasyeeblnientaDatiinosncUusna3swcnQseiinlolr,ontiaInsunicnnlcu c.d,eea:sfoamsteeN2nu5Fep,rDd2Ad0a1itsLe0wtis.vrwRietwbo!e.ugnttatifhsodkteaerrai-sarftainopssndtltaaeicnafsefenn.roJ.IowufwdTrongeWhoregpwirle2eeSan2erhpadtiauton:ktroseEupadirsnuosgcoisafhttisienoprgn the leadership team of Birming- ham Fastener. tlcMeiornuWnAgcsseiaaICnbcluOdrtosouVisnIsDsCetr-tOshi1es9eVsoIccpDcooeonurrmtaneiIfwRdn--sonepuehprgMoepwiorlsrneeaneaeetrsrspodcneeiuhnncttrso,htsEa Kuaatdiilsi-nvulsegeciy.sahTtaotttKeoihKiengnaoiirdysrgalmneedd-biGcpynesIuvunlgcrieaassoltrsu,ietecnnuodagarecepomer.e2MsassEs0ebstGeirax1umcsdGc9rihmlaowirdSitgadigeoiincrnietdanraihgeglengd.teniouenncrcra’aajfes’yJfastooti.peauierirsvTSmnaatsmoetoethrrbfcit,.maabeshihCbltHoteeiianjeteonegoietocgegennailKonaswyd-tnrrmneaaeimwdlclqhplzaouM3eabmrrrneQekkisypaceithaornshtaeafi,sginn “Atlanta Rod and Manufacturing modern technology will allow him to a has a long history of providing try, MW Industries, Inc., excellent service and value to its Chicago, IL, USA, remJaminsisopneKnaactzmaanredkewngasinpereorimngotceudl-to Digital Marketing R customers,” says Birmingham all locations to suppoyrtecalire.nHt neewedilsl betuhraendwlinitgh psrtormonogtieornal 3wQoriks,baassseisdtiinngNwaipt Fastener President, Brad Tinney, ikneeyvpearyrtiinndtuhsetrsyuipnpclluydfaciuihrnstagotimnpblefaogtyreaivndnegmnwa-aorrkkceiontmignpgfpoe.rertJitas3ivsmQeroiasionodmnvA.aghpnrortalaidilngsogefaescm.2rb.o0caamo1cnm8hupeafalansocyrat’uasSrnehddriespgtphirneieneitgrhi “I’m extremely excited to partner tilators and other mewdiiclal ladlleovwicehsi.m with John and his team.” MWI’s Tri-Star Industries, Berlin, tSotaasfsfiinstginchdaayngtoesdaayt m3QarkInecti.ng to suppor “Brad and I have very similar tCpoiofrTo,nvdeUtunoSctiAilmna,gteohberaotastpdhipenolmcifcfr-aaethtnaio3mcedso-nQ,easmsdihnn.ieupsTprlfasfbiar-uniaonScpystsdtapueeaurdorrncetirssdi-rtnsthNindSheahaiitsrpaDhstekperirsaeirvbMtopnriudirnlbiolutdoeuoocw,ntfrtoIc,sselreplsa3idteann,Qcdonati,hiadsssaIle,winzItrTaecveWnid.nli,dlceassse,rtvvhieessicthowanrwtdinwwe.an3rtQeal-diUi backgrounds and share an and parts made to spec, which total March, Kiley Kreple, a unending passion for domestic Michigan native, was manufacturing,” says White, “I more than ten million to date. named Customer Ser- Kiley Kreple look forward to the opportunities MWI’s RAF Electronic Hardware, that joining these two companies Century Spring, Servometer and vice Representative. will provide for our customers.” Economy Spring & Stamping also Also, Jamison Kacz- In the past two years, Birming- support the fight against COVID-19. marek was promoted to ham Fastener has expanded its Digital Marketing Rep- footprint across the USA, opening www.mw-ind.com locations in New York, Iowa and Kiley Kreple resentative at the start oJaf mthiissonyeKaarc.zmarek Houston. Atlanta Rod, based in Jonny LeRoy to CTO at Grainger Lavonia, GA, USA, is the com- www.3Q-inc.com pany’s latest acquisition. In these uncertain times, Brad Chicago, IL, USA-based Grainger, Tinney also expresses the impor- a leading MRO products sup- Dietmar W. Guttroff announced tance of domestic manufacturing plier, reports that Jonny LeRoy has as IVOSTUD General Manager capability. joined the firm as Chief Technol- A part of the Doncasters Group, www.bhamfast.com ogy Officer (CTO). He will lead international automotive stud-weld- [email protected] • www.heroslam.com Jackie Ventura Sales Representative Page 2 Phone: 330-467-0102 • Mobile: 216-338-8485 Fax: 330-467-0108 • Email: [email protected] Web: www.JackieVentura.com News & Notes: www.JackieVentura.Net Skype: Jackie.Ventura1 Twitter: @JackieVentura1

BUSINESS & MARKET REPORT ing specialist, IVOSTUD, has named US$210 million to US$300 million. May 18, 2020 Dietmar W Guttroff as General The tender cap related to the 2021 Manager. He was appointed Global Notes is unchanged. Notebook Commercial Di- With the deadline for receiving Würth Group Strategy & rector in January the early tender premium extended, Celebrations for 2020 2019 and has been acting as Gen- all holders with notes accepted for The Würth Group has seized eral Manager since March 2020. purchase will receive total consid- the potential of its multi-channel During this time, he has brought eration including the early tender strategy to remain a reliable structure and focus in delivering premium. No terms of the tender partner for the skilled trades profitable growth and significant offers have changed other than the and the industry in times of the new contracts to the business. increased tender cap of the 2022 Coronavirus pandemic. www.ivostud.com Notes and deadline extension for “The crisis highlights the strengths receiving the early tender premium. of and opportunities presented Martin Supply Decatur by the multi-channel strategy relocates to new building www.howmet.com Due to the continued growth Stanley B&D names Graham very clearly,” said Robert Fried- of the north Alabama and central mann, Chairman, Central Man- Tennessee markets, Martin Supply Robinson President Industrial aging Board. “We’ve expanded Decatur has relocated to a new Stanley Black & Decker has all available channels that com- building in the Upstate Commercial named Graham Robinson Presi- ply with lockdown Park. This 15,000 ft2 facility, located dent of Industrial, which includes restrictions. Now, at 3401 Highway 20, Building J, in STANLEY Engineered Fastening, we are seeing Florence, AL, USA, is close to many STANLEY Infrastructure and STAN- the expansion of major manufacturers, the Huntsville LEY Oil & Gas. Robinson will report digitalized pro- International Airport and has quick to President/CEO Jim Loree. John cesses over the access to I-65/I-565. Wyatt, who currently serves in past years bear the role, will assist www.martinsupply.com fruit in this time of crisis.” Robinson through Howmet Aerospace reports While the outbreak of the pan- early results of note tender a transition period offers & consent solicitation demic has slowed overall devel- while also taking Howmet Aerospace announced opment of the Group, the Würth early tender results of its previously rt hesepocSnospmibopitlialtyingyfoh’srt on NIFS/WEStGTraroEcukxp. hIcnoibntositidtaoel rtrsesritms.e.s.lfc,ootnhnethteWinrüiugrhtehtd announced tender offers of its 5.40% strategic road map for its outdoor Group reported sales growth of power equipment business. Notes due 2021 and www.stanlVeoylbt lIancdkuasntrdiadlecker.com WWdurcerinnetghnG&A2Camto.dhrl8doTdaCH%oBumoieoltoapiPdaoo.TrintosnhogdcKuTaooo3oc4tllGomfsl2lysPhMa,,aprnsAodawbaGdedrenauhncouygphcili,rctnfosg2-hWa0nüi2dsr0th.tthhGuesmVfIiTtbnirhsesHteiecttrhFnnaaostiltooengnayelr 5.87% Notes due fWtfoororoemtlihpnesrgiofmadusupsteelcednenetbraooiinltmshdtauoskspheterigfycaihfasotltereieancsonhevndreAscrt,se5itrera0raonneysldepegaaianbrrcWsdge.raütrinthgnGitesrwoi7nu5bpBtoh, oooktsho3n30s,a 2022. Howmet also announced it is Plastics Inc. extending the deadline for receiving the early tender premium of each LISI coVonltfiInrmdusstBroiMaoltPehle7a5stt1iicns’gsufbosirdm- at, tender offer through the expira- tion date, and it has increased the withdiarraywJVsTpoorlo, pcaon sdeesdigndiavniddend tender cap of the 2022 Notes from Purpasnrouddaiuncnjeectutinotionqumeiotpslldaespdticrpfeaarsvttseiontheuarsts an- www.saspi.es nouncyeomu neenedt., OthurecaLtIaSlIogGcroonutapinsBoard anniversaryscrews and bolts. We maintain a large in 2020. of Direomucartteocruirarslrsehnptaagpsearfatosrpoaprlrivsoitsvoitef othuer ei nhold inventory of tooling, strategically located And also Rworldwide. Wrentham is proud to have the fopromlyamterfso, cro-tphoelymSehrsa, arned-res- Würth celebratesthe reputation for the highest quality and holderpinsrse’ cwGiseieounnseeplrtaoastmlicMafnaeustfeeancteitnursrg.e oounr his the most dependable delivery perfor- BUYERS’Presented by: June 85 birthday this year.mance in thethindustry. We are licensed to GUIDE manufacture TORQ-SET®, ACR® ribbed TORQ-SET®,PHILLIPwS SwQUwAR.wE-DuReIVr®t,h.com 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 Toll-Free Fax: +1 877 453 8707 Web Site: www.voltplastics.com www.ndindustries.com E-Mail: [email protected] Page 3

BUSINESS & MARKET REPORT May 18, 2020 JW Winco Opens New Branch Office in Canada Notebook JW Winco, Inc., A Ganter Company, SPIROL Launches New and leading supplier of standard Aluminum Insert Series SPIROL introduces a new, high- industrial machine components, has performance series of Molded-In Inserts for plastics assemblies. recently opened a new branch and The rugged design of the Series 63 Through Hole Inserts and Se- distribution center in Canada. ries 65 Blind End Inserts The J.W. Winco Canada, Inc. new consists of multiple bands of helical knurls branch and distribution center is to maximize torque resistance, balanced with radial undercuts located at 300 Trowers Rd., Unit 11, for high pull-out (tensile) force. The inserts are designed to be Woodbridge, ON L4L 5Z9, Canada. placed in the mold cavity prior to plastic injection and offer ex- The new branch facility’s direct line 6000 ft2 of warehouse space and over ceptional performance due to unrestricted plastic flow into the is +1 905 264 1001. The branch has 2300 ft2 of office space, is part of a retention features on the outside diameter of the Inserts. been fully operational since March building complex in a vibrant business www.SPIROL.com 2020 and has already filled a few hun- area in Woodbridge, Ontario, close to EJOT Wins 2020 PACE Award dred orders from Canada customers. Hwy. 7 and Hwy. 400. EJOT Fastening Systems was re- cently named a 2020 Automotive The new facility, which has more than www.jwwinco.com News PACE Award winner. Due to COVID-19, the award honoring 22, 2020 at 10 AM (French time). The also donates a total of 60,000 Type automotive suppliers for supe- meeting will be held behind closed II R Standard masks to health care rior innovation, technological doors, according to the Govern- facilities around its German sites. advancement and business per- ment’s rulings of March 25, 2020. These are especially suitable for use formance was presented online. in the medical sector. The Board is also withdrawing EJOT Fastening was recognized the 2019 €0.46/share dividend, as www.kamax.com for its EJOWELD® technology. the COVID-19 pandemic will affect all LISI activities for several months. ISANTA celebrates 45 years www.ejot.com On April 3, 2020, the ISANTA www.lisi-group.com name celebrates 45 years serving Simon Martle joins its members and the in- Doncasters as interim CFO dustry as a trade associa- tion. Articles of Incorpora- Doncasters Group of the UK has tion were signed on April 3, 1975, named Simon Martle as the group’s and filed with the state of Illinois as the Industrial Stapling and Nailing interim Chief Finan- Technical Association. ISANTA, was cial Officer (CFO), then based in Chicago, IL, USA. responsible for leading the finance and IT departments. He is expected Prior to ISANTA, a 1966 coalition to be in that role for six months. of five companies came together Also, Neil Robson of THM Part- to make up the Industrial Stapling ners, will step down on May 31, Manufacturers’ Institute based in 2020. Appointed interim Chief the City of Industry, CA, USA. Performance Officer in November 2019 to assist with the group’s now- In 1982, the Industrial Stapling completed financial restructuring, and Nailing Technical Associa- Robson also assumed temporary tion officially changed its name to responsibility for group finance in International Staple, Nail and Tool March 2020 pending finding a CFO. www.doncasters.com KAMAX donates face masks to health care facilities In the fight against the Corona pandemic, KAMAX not only equips its worldwide em- ployees with protec- tive masks, but the company group Page 4

BUSINESS & MARKET REPORT Association to better reflect its inter- Protect Health, Protect Customers, May 18, 2020 national and tools aspects. ISANTA’s Protect Bufab. Bufab’s actions have complete history can be found at: so far helped avoid any significant Notebook impact on its own operations. And www.isanta.org Bufab has kept customers supplied Dyson Acquires Accu-Tech without disruption throughout the Manufacturing & Support SFS names CFO successor first four months of 2020. Dyson Corp., Painesville, OH, Volker Dostmann is the designat- USA, expands its manufacturing In March and April, demand in capacity and ca- ed new CFO of SFS. He will succeed China and southeast Asia recov- pabilities through the long-serving CFO Rolf ered after a weak start to the year. the acquisition of Frei at SFS Group’s Annual But in Europe, North America and the business assets of Accu- India, there has been weakened Tech Manufacturing & Support General Meeting in 2021. Dostmann demand from many customers. Corp., Mentor, OH, USA. Dyson will join the Group Executive Board plans to continue operations at on November 1, 2020, and assume Bufab organic sales growth in the Accu-Tech facility through the the role of CFO at the Annual Gen- April was -30%, which was in line remainder of 2020, when it will eral Meeting on 22 April 22, 2021. with Q1. Total sales growth was combine the assets and employ- -20%. Bufab sees major impact on ees with the Dyson operations www.sfs.biz sales for the rest of May and for an located in the same Ohio county. unknown time there after. All equipment and employees Corey Hall to Iron-clad Sales of Accu-Tech are expected to Manager at Brighton-Best www.bufab.com remain with the combined com- pany after the transition. Brighton-Best International BTM announces Desert welcomes Corey Hall as its new Distribution as new rep www.dysoncorp.com Ironclad Regional Sales Manager for BTM Manufacturing has named Buehler’s Fastener the upper midwest region. Hall has Desert Distribution Sales Metallography Webinar over 14 years of experience in the as its new manufactur- Buehler, an ITW Company, industrial distribution world. Reach presents, Fastener Metallogra- him at [email protected]. ers‘ representative. phy-Guidelines to Desert Distribution Quality Metallurgi- www.brightonbest.com cal Analysis, a free is a manufacturers’ webinar for novices Bufab reports stable operations rep agency supplying engineered or experts. The webinar on May but negative organic growth components and fasteners used 27 and 28, 2020, will explore by manufacturers worldwide. Des- metallurgical investigation of fas- The corona pandemic and Bu- ert’s territory includes California, fab’s extensive countermeasures Arizona, Colorado, Utah, Nevada teners and related materials by and New Mexico. highlighting preparation guide- have started to impact lines for fastener production. the Bufab Group in www.btm-mfg.com Q2 2020. Bufab’s priorities in this www.buehler.com situation are the same as before: . EFC Expands with New Warehouse & Office LFOeRaIMdMinEDgIAsTEuRpELpEAliSeE r of engineered fasten- increased inventory space to meet eEFrCsIn,tEernFatCionIanl AtnenorunncaestEixopannasioln, wSitth.NLewoWuaisre,hoMusOe a,nd OffibceointhChiccaguostomer and supplier needs. USfaTsS.teLnAOeUr,sIS,c,cooMntnISinStuOienUsRutoI ee–xspAaptnroidl. 2Te8h,exy2p0a2rae0.nmEodFvCi,ngImnttheoernirvaCtiihonincgaagl,oiatbsrlaenadchinogWffsicueiptpahlniedr4woa2free0hno0guinseepetroaedallet locations, 26' clear Cnehwi6c4,a00g0osqubarreafonotcfhaciloityfafitc41e50aChnadndlwer Darrivee,hHaonuovserePark, Ilhlineoisig. ht ceilings and a circular flow from tTohomaasnMeawnsho6lt4, V,i0ce0P0resifdte2ntsoiftOepearattio4n1s s5ta0tesC, “Ohuar mno-ve enarbelescEeFCivtoinenghancteoouirnventory to shipping, dselrevicreDlevre.l,byHparonvidoinvg eadrditPionaarl ksto,cIkLing, pUrogSraAms. with increasedwinveentcoray snpacsehtoipmeept roduct more efficiently TabochtirhcouculmasrtofalmowserfarMonmdasruenpcpesliivehinr gnoetoeltdin,s.vVWenitPtohr4yo,t2of00sOhpipaplpleinetglr,oawcaettiicooannsn,s2sh6ip-foporotdaculencatdrmhoetrihgeheetfcfiecfiialeinncgtlsyi,laaitnnydd allows for growth. The secathontnenoatthfahatieacnerielinssrtisygc,ntaoelol“ofbOwoeouslrouufoacordrr megdrsmmofewiotmortrheevv.xnTipetchoteoret,iRenesclundrepeeaapfvisoneberedtilTlnenhguebsmcWuybsoetEorrplmdoFrefOorCdfsoDvfcioskirtdtrdoaib-olluoEtrisFoCnp.rviG”onlivodcibdaerelsesloeafcfeaisctfiieeofnnidcts.fileonTwhnuisftmoisrflboewr of dock doors pro- for containers to be ing additional stocking programs with loaded for export, supporting custom- ers for all EFC Global locations. This is another sign of our commitment to Redefine The World Of Distribution.” www.efc-intl.com EFC International is a global supplier of engineered components with locations in the United Page 5 States, Mexico, Canada, China, Germany and South Korea. For more information contact: Joyce Gerber

BUSINESS & MARKET REPORT May 18,2020 AIS Wins Award for Outstanding Quality AIS-All Integrated Solutions, an MSC ensure our cus- Notebook Company, has won an award for Outstand- tomers receive WIFI’s Margaret Davis Scholarship ing Quality, presented at the Motus Annual the highest qual- WIFI (Women in the Fastener Industry) honors the memory of 2020 Suppliers Conference. The award ity services and Margaret Davis of ISSCO, INC/ BTM Manufacturing with a new recognizes AIS for shipping over 10,000,000 products. Earn- scholarship for 2020, which Fas- tener Fair USA has gra- pieces with zero defects. AIS’ quality, ware- ing this award ciously provided. WIFI, reports, “Some of the house, sales and account executive teams is confirmation that AIS’ focus on quality, best women have led the way for all women in the fastener worked together to provide exceptional ser- company culture and employee training is industry and Margaret is one of these amazing ladies. Margaret vice to Motus—and all deserve the award. paying off for our customers,” stated Nick started her career in the fastener industry at Kansas City Nut & “We are very proud of our entire team Ruetz, AIS President. Bolt back in the 1960s, where she www.allintegrated.com also met her future husband, Joe this year. The team truly came together to L. Davis Jr. Together they started ISSCO, INC., a wholesale fastener Obituaries oriented practices he enacted in his distributor on April 1, 1974, where organizations, significant charitable Margaret served as Secretary- David Purcell contributions to support disadvan- Treasurer for over 26 years. She taged children through his nonprofit was certainly the matriarch of WAFIOS announces the death of David Purcell, foundation and by giving back to his the family business, and truly en- President of WAFIOS Machinery Corp., on April industry. He joined the Evergreen joyed working with her husband 29, 2020, following a motor vehicle accident the Marketing Group in 1994, served on the Board and two sons, David Davis and day before. David Purcell truly respected each of Directors from 1997 to 2000 and served as Jake Davis. As ISSCO begins to and every WAFIOS customer, as he respected President from 1999 to 2000. He also served on celebrate its 46th year in business, everyone. He was true “WAFIOS blue” because the Board of Directors of the Specialty Tool and we know we would not be the he loved what he did. Every interaction was mean- Fastener Distributor Association (STAFDA). company we are today without the ingful, purposeful and in the spirit of fairness. His Keith graduated from Eastern Michigan University leadership of Margaret.” leadership of WMC for the past nine years has in 1976, with a concentration in Human Resourc- brought the firm to new heights, markets and es, Administration and Economics. And Mantis Scholarship applications are due success. His involvement in industry trade groups engaged in continuing education throughout his on June 1, and the winner will has touched many of our customers and friends. receive financial assistance to Purcell shaped WMC and WAFIOS group with his life. Keith remained active in his firms until his attend the next Fastener Fair USA. positive attitude to life, unique leadership style and passing. www.fastenerslv.com The recipient is required to work at innovative ideas. He is survived by wife Heather, the WIFI show booth. two sons and extended family. If you wish to send Perry Rosenstein Heather a message, please send an email to: www.fastenerwomen.com [email protected] and it will be forwarded to her. Industrial Distribution reports that industrialist, In lieu of flowers, Heather requests a contribution civic leader and philanthropist Perry Rosen- [email protected] be made to your local police, fire, ambulance or stein, who co-founded the firm www.nationalmachy.com healthcare facility, become an organ donor or give that eventually became fastener blood. Memorial services will be in Chicago and master distributor Brighton-Best Branford later this year. www.wafios.us International, died recently from complications due to COVID-19. He Keith Edward Mantis was 94 years old. Rosenstein and Stan Sevell purchased Brighton Socket Screw Manufac- Longtime construction supply industry leader turing and formed Brighton-Best Socket Mfg. Keith E. Mantis passed away unexpectedly Inc., a company that would ultimately become a on April 19, 2020. Mantis was the founder and major supplier of socket screw products in the principal owner of Fasteners Inc./Southwestern USA. By 1975, Brighton-Best had opened 12 Supply, Las Vegas, NV, US, and Professional warehouse distribution centers throughout the Contractors Supply with three locations in country, and over the next 20 years, expanded California. A true entrepreneur, Mantis started further throughout the USA, UK, Brazil, New San Diego Fasteners Inc. in a storage unit in Zealand and Australia. In 2008, Rosenstein sold San Diego in 1987 and grew the firm to one of the Brighton-Best to a group of Taiwanese investors, construction supply industry’s largest and most who rebranded the company as Brighton-Best respected organizations. At the core of Mantis’ International as the largest importer of fastener personal/professional beliefs was a commitment products in North America. Today, the company to supporting and inspiring the success of others. has 31 locations in six countries and supplies more This was demonstrated in the innovative people- than 7000 distributors globally. TFC appoints new Director inventory management services. www.tfc.eu.com TFC has added new Group Busi- ness Development Director, Chris Billinge, to the compmany’s se- nior management team. Billinge is ex- perienced in spe- cialist engineering manufacturing and he brings a greater focus to TFC’s product portfolio and Page 6

Written by R.W. Baird analyst David J. Manthey, CFA 5/6/20 BUSINESS & MARKET REPORT May 18, 2020 Fastener Distributor Index (FDI) falls to 40.0 in April Notebook Not surprisKinegylyT, athkeeamwaarkye:t experienced further survey in recent memory. We have added an contraction in April 2020, falling to 40.0 after an updated FDI information page to the FCH website aTlhreeaFdoyrwblaeraTdkh-L4eo4os.4keiianngsMoInnadraciclhlay,tsoaerda(FsjuoLsnI)tagelladyinaFedadjuststeetnenude-. r DtiitoswtbrirtiihbnguyoetouvrernbIunmsdoinereexsds(aFatDasIts)ooftchoiaertienAsdp:e rxi,l pwleaasse4s0h.a0r,edeterioGratoinegbfuertlhFear asstethneers Names ously wfuitrhthafaeugwrlalaFirbnDyrI3mu6anu.nt2caorhleyfaswCdiseiOnagwVk.iIetDhr.-1ST9ohlecuutsisioxtno-mmInoe-nrtshhmhoutatutpidntslo.:on/w/sowfnk/fwFsewawns.fctaaeossnuteefrrenaDlegtisr.intsrScigballeuyletaossrrihInntogrdewhenoxeuddsseso.ocnmomae/sfsceihga/nsos noafllsytaDabdeijluiszsaetteirodtnb,Dahsiosiswtwreiveberreu, tion Hear & Jackie adFMTotnhauc:eassNwtnteourwkniflewtyetysohr.,fueuTSowmFafelneholascynierogFhstiyahlhotrunaoeekrerlosleuysnltMoobarteTgdppuamnrhyaetnturiDrdoamemIteni.gniaccbxsteiidteosptephrerrtm,arenid’itscbFaocioRttfruteinaaohartx!netnidaTitoskaoirnohpnleniDospEemsTneprdmrseeVifiesetoovioonstnrnirodo,dtethe,aouMsgws:1sgaitalk5hAirtytw1eehia.pvdreuilasY+2elo10nru28etr7i0omc7wpo3ewme3nnwm2ti.nefw7aingm8wswt3stowpwe6afnrw.nonet.fdfvhrddseeaqicds-ulefueeacarassvorttieibeonnynniogt.secmhrotoa.hoymruiersshgewam.evcloeocmnosmtohem. aetN:peatr,ticcoipnnDVEadfneaiifttseinmsotcntlretseuiiabvdrrneeauimntagAMaioispnrlniargevihnleptSrul1ryya,efals2ece0stn2,ut0raL,eLtriDCvReewesefpaorssrt Goebel Fasteners, Inc. Desert FASTENER DISTRIBUTION AT A GLANCE April 2020 Rate of Distribution Sales has been serv- ------------------------- Index Values ---------------------- Apr Mar Feb Jan Dec Nov Oct Sep Aug Direction Change ing the fastener industry since its PMI (Manufacturing Sector) 41.5 49.1 50.1 50.9 47.8 48.1 48.3 47.8 49.1 Declining Faster founding in 2001, and will begin Faster FDI (Fastener Sector) 41.8 45.6 51.3 55.4 43.4 45.5 52.2 52.4 55.5 Declining FDI (Seasonally Adjusted) 40.0 44.4 53.0 51.4 44.4 46.7 52.1 56.0 55.9 Declining Faster representing Goebel Fasteners, Sales (SA) 14.0 34.6 54.9 50.0 34.9 35.5 48.2 56.4 52.1 Declining Faster Inc. within the following areas: Forward- Looking (SA) 36.2 33.3 48.9 50.9 46.2 46.5 44.2 44.0 48.0 Declining Slower (Other Metrics; NSA) 26.8 27.0 48.2 56.7 45.3 48.5 48.7 51.6 55.9 Declining Faster California, Arizona, Colorado, Employment 76.8 68.9 66.1 58.3 53.1 51.5 55.1 58.1 58.8 Growing Faster Utah, Nevada and New Mexico. Supplier Deliveries 68.3 64.9 64.3 63.3 65.6 65.2 69.2 69.4 64.7 Growing Faster Respondent Inventories 47.6 48.6 41.1 41.7 43.8 51.5 52.6 53.2 52.9 Declining Faster Customer Inventories 59.8 50.0 50.0 58.3 60.9 57.6 59.0 61.3 61.8 Growing Faster Pricing, month-to-month 67.1 60.8 58.9 70.0 79.7 78.8 84.6 79.0 80.9 Growing Faster Pricing, year-to-year 6-Month Outlook -April Higher Same Lower 34% 12% 54% FDI and Pricing are diffusion indexes. At 50, the performance of the category listed met expectations. A reading 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 Sales & Net Income Table Imn9co onmthley %su-7∆r9vey osfupNpoorrtthJAafAnrcomdmkeireeitchfaVefneeNcfnaatsttituiveorennaea,rAl opwrinl e6r ,o2f 0Ve2n0-, BCuoltemn*p anAyb out the Fastener DistribuStaolr8e2Is1n dex (%F1D∆.4I ). The FDINiseta a2n3 d Baird-2.w7 ith Dorman Prodduiscttrsi,bInuct.o rs, conducted with th2e58 FCH So5.u7r cing Network FGarastinegnearl CoFmapsatneyn er Distributors Associa13ti30o607n1 . It of47fe..42r s insights inotno212a017c353uw rereignhttefd--a433.s024atevneerargeindouf sfttworuuyarrastfroenrInwandamdsr/udoe-usldottloroaikoaikrnlesg.pPrreosdeunctatst,iveLLfCor, Howmet AerSoismpailcaer ly, the Forward-Looking32In09d icator-5(.F6L I) is based Illinois Tool WinoprkustsIncf.r om the fFaDstIesnuerrvemy.arT3kh27e298its816 cionnddiciat---i904too...135nr s.isAdsedsiifgfnuesdionto5i651n636pd reoxveids,ev-2-5da10.l229iureecstiaobnoavl epe5Gr0s.op0eecsbtigievnelaFloasntsretfeuntnguterher,s, Inc. LMaSwCsoInndPursotrediauxlcpStseu,cpItnpaclyt. iCoon. s for Park-Ohio HwolhdiinlegsrCeoardp.i ngs below 50.0 sign3a6l6w eakne-1s3s . Over time, res1u.2l ts shoul-d89be directly relevant to Fastenal Stanley Blac(kFA&SDTe)ckaenr d broadly relevant to312o9t her in-d6.u1s trial distributo1rs33s uch as-2W2 .W. Grainger (GWW) and MSC TriMas Corporation 183 5.4 13 -31 (MSM). Industrial Latest Quarterly Sales/Net Income (Loss) in US$ millions; except *millions of Swedish Kronas. %∆ relative to 2019 data. Global aerospace titanium applications, and covers North Jackie Ventura has been serving fasteners market growth: 6% America, Europe, APAC, South the fastener industry for over 35 America and MEA geographic years, and will begin represent- Reportlinker has been monitor- landscapes. Read the full report at: ing Goebel Fasteners, Inc. within ing the aerospace titanium fas- the areas: Ohio, Michigan, Indi- teners market and it is poised to www.reportlinker.com ana, Kentucky, Western Penn- grow by US$777.21 million during sylvania and Upstate New York. 2020-2024, progressing at a CAGR Conference Call... of 6% during the forecast period. www.goebelfasteners.com The group’s report on aerospace • HD Supply Holdings, Inc., Altlanta, GA, USA, will titanium fasteners market provides release its fiscal 2020 Q1 press release on June 9, Don't Miss On-Demand Fastener Talk Radio! a holistic analysis and market 2020, at 6 AM ET to be followed by a conference call FTR is talk radio for the fastener industry, featuring size, and forecast, trends, growth at 8 AM ET. ir.hdsupply.com guests, commentary and conversation designed to drivers and challenges as well as inform and entertain fastener professionals. Available vendor analysis covering around Dividend Reports... any time in streaming or download formats. Tune in 25 vendors. • W.W. Grainger, Inc., Chicago, IL, USA, declared today! Log on to listen to Fully Threaded Radio: The aerospace titanium fasten- a cash dividend of US$1.44 share, payable June 1, ers market report is segmented by 2020, to shareholders of record on May 11, 2020. www.fullythreaded.com commercial and military aerospace pressroom.grainger.com • Illinois Tool Works Inc., Glenview, IL, USA, declared a dividend of US$1.07/share for Q2 2020, payable July 15, 2020, to shareholders of record on June 30, 2020. investor.itw.com • Stanley Black & Decker, New Britain, CT, USA, declared a Q2 dividend of US$0.69/share payable June 16, 2020, to shareholders of record on June 2, 2020. ir.stanleyblackanddecker.com Page 7

EVENTS & OPPORTUNITIES International Fastener Show move the June 16 Show and June May 18, 2020 China Postponed to November 17 Golf Outing to a later date. MWFA is considering August dates and EVENTS The International Fastener Show China 2020, originally scheduled for seeks to be sure Date TBD – POSTPONED June 22 to 24, 2020, has now been its events have the postponed to November 3 to 5, needed safeguards for a beneficial MWFA 74 Year Anniversary, Addison, IL, USA 2020, at the Shanghai World Expo program. MWFA wants to hear from Exhibition & Convention Center, you as to whether you would attend www.mwfa.net Shanghai, China. the August show. MWFA says it is looking at the first or second week Date TBD – POSTPONED en.afastener.com in August, and will soon set a date. Fastener Fair France, Paris, France www.mwfa.net www.fastenerfairfrance.com Fastener Fair Mexico Rescheduled to October IFE State of the Industry Date TBD – POSTPONED Webinar: On Demand MWFA Annual Fastener Show Reed Exhibitions reports that Elk Grove Village, IL, USA Fastener Fair Mexico, scheduled In response to constant de- www.mwfa.net for June 24 to 25, 2020, mands resulting from COVID-19 be- will now be held October ing placed on sup- June 22 – 25, 2020 8 to 9, 2020, at Centro pliers and buyers in NFDA Live! Virtual Speaker Summit Citibanamex. This decision was the fastener products industry, the www.nfda-fastener.org made due to the COVID-19 crisis in organizer of IFE 2020 presented a Mexico and around the world. webinar on May 13, 2020. The event September 4 – 5, 2020 offered advice on supply chain-best Fastener Fair Delhi, New Delhi, India www.fastenerfairmexico.com practices, digital optimization, new www.fastenerfair.com/india/delhi health/safety initiatives and con- parts2clean 2020: Solutions cluded with an economic outlook. September 9, 2020 for Changing Cleaning Tasks See on demand link below. NCFA Distributor Social, Cleveland, OH, USA www.ncfaonline.com The Coronavirus presents un- https://bit.ly/fti-webinar precedented challenges to compa- September 16 – 17, 2020 ASTM Cancels June 2020 Fastener Exhibition & Conference nies in terms of industrial In-Person Standards Meetings Birmingham, UK cleaning technology. The www.thefastenexpo.co.uk solutions presented at In light of COVID-19 and ongo- parts2clean 2020, October 27 to ing safety concerns for members September 23 – 25, 2020 Subscribe, read or advertise @ www.fastenertech.com/FastenerNewsReport.asp 29, 2020, at Stuttgart Exhibition and staff, ASTM International has Shanghai Fastener & Tech Show, Shanghai, China Centre in Germany, will support cancelled all previously scheduled www.fastenertradeshow.net firms from the industrial sectors in in-person June standards devel- improving their future viability to opment meetings including inde- September 23 – 26, 2020 emerge from the crisis stronger. pendent meetings. ASTM staff will wire China 2020, Shanghai, China www.parts2clean.de contact committee leaders to plan www.wirechina.net alternatives for these meetings. MWFA Annual Fastener September 28 – 30, 2020 Show & Golf Outing Postponed www.astm.org International Fastener Expo - IFE 2020, Las Vegas, NV, USA After discussion of the COVID-19 FTI and Optimas Webinar www.fastenershows.com status, the Mid-West Fastener As- sociation (MWFA) has decided to The Fastener Training Institute October 8 – 9, 2020 (FTI) and Optimas Solutions, hosted Fastener Fair Mexico 2020 Page 8 a free webinar May 1, 2020. “Fas- Mexico City, Mexico tener Failure-Case Studies” covered www.fastenerfair.com/mexico three real-world examples of com- mon fastener failures. The 90-min- October 13 – 15, 2020 ute webinar from FTI’s popular Fastener Training Week, was offered Fundamentals of Threaded fasteners and Joint free of charge thanks to Optimas’ sponsorship; it is now on demand. Design for Engineers and Designers www.fastenertraining.org Chicago, IL, USA area www.nnitraining.com October 14 – 16, 2020 Fastener Taiwan 2020, Kaohsiung, Taiwan www.fastenertaiwan.com.tw October 27 – 29, 2020 parts2clean, Stuttgart, Germany www.parts2clean.de 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