Fastener News Report June 17 2019 Issue Flipbook Edition

June 17, 2019 Subscribe, read or advertise @ www.fastenertech.com/FastenerNewsReport.asp • FREE FTI BUYERS’ GUIDE for all paid subscribers Volume 5, Issue 6 INSIDE THIS ISSUE BUMAX Signs Contract with CERN...................2 USA Announces Section 232 Deal...................2 Private Equity-Backed Motor City Industrial Todd Roberts Now Director at KPF...................3 ASTM Award for Kevin Menke.........................3 Acquires Quality Fastener and Supply Co. Agrati Celebrates 80 Years in Business..........4 Motor City Industrial, Hazel Park, MI, USA, has announced the acquisition SPIROL Expands Headquarters........................4 Aircraft Blind Fasteners Market Growth.......... 5 of Quality Fastener and Supply Co. This represents the third acquisition by Obituary: Jim Pokracki.......................................5 Motor City Industrial and further expands its product and service offerings Bufab to Acquire HT BENDIX A/S.....................6 available to customers from diversified sectors and geographies. Fastener Fair Mexico Keynotes........................6 Quality Fastener and Supply Co. is a distributor of industrial consumables 100,000+ Vending Milestone for Fastenal .....6 and ancillary products based in Oxford, MI, USA. Founded in 1982, Quality FDI Declines to 53.8........................................... 7 Fastener offers supply chain solutions for over 15,000 SKUs, serving a mix Earnest Machine Distributing Unbrako of blue-chip customers and local businesses through vendor-managed Socket Products in North America................. 7 inventory programs and maintaining an inventory of mission-critical com- Quarterly Dividends Report............................... 7 Fastener Fair USA Reports Growth...................8 ponents for just-in-time delivery. “We are excited to have the Quality Fastener team join Motor City Industrial IFE 2019 Accepting Nominations for 2019 Fastener Professional Awards.......................8 and look forward to our future together,” said Joe Stephens, CEO of Mo- WINA in Fastener Training Partnership............8 tor City Industrial. “Jim Hiatt and John Shepard have built a tremendous company and we are thankful they have trusted us to continue this legacy.” Presented by: Motor City Industrial is a value-added distributor of fasteners and related consumable industrial products that is backed by Kian Capital Partners and Oakland Standard Co. Both firms are & experienced in the industrial distribution sector and committed to additional partnerships that Initial Publications, Inc. will expand Motor City Industrial’s products, 1741 Akron Peninsula Rd, services and geographic footprint. The company offers a full suite of solu- Akron, OH 44313 USA tions including process map consulting, consumption analysis and vendor managed inventory. www.motorcityindustrial.com Tl: +1 330 864 2122 • Fx: +1 330 864 5298 www.fastenertech.com Kyocera Senco Files Unfair Trade Actions Against China, Taiwan & Korea Chip Lippincott Publisher Mike McNulty VP & Editor Jim Masar Senior Editor Tom Hutchinson Global Sales Manager On June 6, 2019, the USA’s largest staple manufacturer, Kyocera Senco Industrial Tools., Inc. (Senco), Cincinnati, OH, USA, filed petitions to stop China, Taiwan and Korea from sell- ing dumped and unfairly subsidized collated medium and heavy staples into the United States. As part of its antidumping and countervailing petitions, the company is asking the Department of Commerce (DOC) and International Trade Commission (ITC) to impose duties on all three countries to offset unfair pricing, and ad- ditional duties against Chinese imports to offset unfair subsidies. The petitions explain that imports of certain collated steel staples from China, Taiwan and Korea have increased by over 20% in the past three years. The petitions also calculated dumping margins up to 123%. The dumping margin is the difference between the price Chinese, Taiwanese and Korean producers each respectively charge USA customers and a normal value calculated under USA trade law. According to Cliff Mentrup, CEO of Senco. “Senco’s filing is the first step in restoring fair competition to the U.S. market and confidence to U.S. work- ers and consumers. We look forward to seeing our trade laws enforced.” The staples covered by Senco’s petitions are used to build prefabricated houses, recreational vehicles, cabinets, modular homes, furniture , on-site [email protected] • www.heroslam.com home construction and many other applications. www.senco.com Page 1

BUSINESS & MARKET REPORT June 17, 2019 Stainless Steel Fastener Specialist BUMAX Signs Contract with Research Institute CERN Notebook Leading Swedish manufacturer of down to -271.3°C, a temperature colder USA Announces Deal with premium stainless steel fasteners, than outer space and less than two Canada & Mexico to Lift Section 232 Retaliatory Tariffs BUMAX, has signed a contract with degrees above absolute zero. On May 15, 2019, the United States, through the Office of the the scientific research institute, CERN, After tests, CERN opted to use BUMAX United States Trade Represen- tative, Washington, DC, USA, for more than a quarter of a million 109, the strongest A4 fastener on the announced an agreement with Canada and Mexico to remove high-strength premium stainless steel market, to cope with the extreme condi- the Section 232 tariffs for steel and aluminum imports from fasteners to be used for the upgrade tions inside the collider. All the fasteners those countries as well as for the removal of all retaliatory tariffs of the world famous LHC particle ac- in the collider will be replaced and all imposed on American goods by those countries. celerator in Switzerland. The world’s of these fasteners are BUMAX 109. This agreement between the USA, Canada and Mexico pro- largest and most powerful particle ac- BUMAX will supply 130,000 fasteners vides for aggressive monitoring along with a mechanism to pre- celerator, CERN’s Large Hadron Col- to CERN each year of the maintenance vent surges in imports of steel and aluminum. If the surges lider (LHC), is currently undergoing an project—equating to more than a quar- in imports of specific steel and aluminum products occur from upgrade that will increase its energy up ter of a million fasteners in total. Canada and Mexico, the United www.bumax-fasteners.com States may re-impose the Section to 14 trillion electron volts, and which 232 tariffs on those products. Additionally, any retaliation by is expected to take two years. Canada and Mexico would then be limited to steel and aluminum The LHC collider is located at the par- products. This agreement is reportedly ticle physics laboratory at CERN near good for American farmers that have been subject to retaliatory Geneva, Switzerland. It consists of a tariffs from Canada and Mexico. And at the same time, the agree- 27 km long ring of superconducting ment with Canada and Mexico will continue to protect America’s magnets with a number of accelerating steel and aluminum industries. structures to boost the energy of the www.ustr.gov particles along the way. To avoid re- Jackie Ventura Sales Representative sistance or loss of energy, the several Phone: 330-467-0102 • Mobile: 216-338-8485 thousand magnets need to be chilled Fax: 330-467-0108 • Email: [email protected] Würth Group reports another First Bolts Produced Web: www.JackieVentura.com year of record sales & profits in Mexico by Kamax News & Notes: www.JackieVentura.Net The year 2018 has been an- It is “La Ola” (Mexican Wave) time Skype: Jackie.Ventura1 other record year for the Würth at the Kamax production site in Twitter: @JackieVentura1 Group. The com- Mexico. Almost one year after the pany’s sales grew ground breaking in León, the first Page 2 by some 7.1% to €13.6 billion as bolts have recently run off the press compared with €12.7 billion in 2017. machine. Currency-adjusted growth came out at 8.6%. “We are thankful for all the hard work that our teams of the cold The Würth Group operating result pressing and maintenance depart- increased disproportionately com- ments have put in to get everything pared to sales, reaching a total of €870 million. The Group is expect- [email protected] ing moderate single-digit sales www.nationalmachy.com growth in the current fiscal year. In accumulated terms, the Würth Group reported sales growth of 7.1% as of April 2019. This success confirms the Group’s strategic change from a distribu- tor to a manufacturer. The multi- channel strategy remains a driver of growth, with e-business sales growing by 24.6%, further sup- porting the current course. Würth Group is a global market leader in assembly and fastening materials. www.wuerth.com

BUSINESS & MARKET REPORT up and running. They did an excep- engineered manufactured prod- June 17, 2019 tional job to get the best conditions ucts, announces that it has com- for the production of our first bolts,” pleted the previously announced Notebook says Cesar Gonzalez, COO, Mexi- can Operations for Kamax. acquisition of EFCO, Todd Roberts Now Director Inc., dba, Erie Press of Fastener Business at KPF The first hexagonal M16 bolts Systems, headquartered in Erie, Todd McRoberts, based in were produced by a SP48 press PA, USA. Erie Press is an industry- Strongsville, OH, USA, is now machine, and they will be deliv- recognized leader in the manufac- the Director of Fastener Business ered on to Kamax’s joint venture, ture of advanced forging presses, -North and South America, at FACIL. They are destined for Daimler hydraulic and mechanical presses KPF Co. Ltd. (Korean Parts and Trucks, where they will go through and metal stretch-forming and car- Fasteners) in South Korea. a validation procedure. Meanwhile, bon extrusion machines for several “After 21-1/2 years at Stelfast a second press, a SP37, is being end markets including aerospace (Chiang Shin), I have decided tested and the focus then goes and defense, primary metals and to move on,“ said McRoberts. towards the start of the heat treat- high-speed rail. “I really appreciate everyone’s ment line in order to have the full ParkOhio is a diversified interna- support and friendship over the production process implemented tional company providing world- years: great opportunity to join a soon. Further initial customers of class customers with a supply chain fantastic organization.” Kamax’s operation in León, Mexico, management outsourcing service, are FCA, FORD and GM. capital equipment used on their www.kpf.co.kr production lines and manufactured www.kamax.com components used to assemble Fastenal’s Kevin Menke their products. ParkOhio operates Receives ASTM Award Tekfor Brazil receives more than 125 manufacturing sites ASTM International’s committee BOSCH performance award and supply chain logistics facilities on fasteners (F16) presented its worldwide, through three report- On May 14, 2019, at a spe- able segments: Supply Technolo- top annual award—the cial event held in Campinas-São gies, Assembly Components and Award of Merit—to Kev- Paulo, Brazil, during which BOSCH Engineered Products. in Menke, Director of Engineer- awarded its best suppliers of 2018, www.pkoh.com ing, at Fastenal, Winona, MN, Robert Bosch, awarded Neumayer USA. The award, which includes Tekfor Automotive Brasil Ltda. a MSC Industrial Supply the title of fellow, is ASTM’s high- certification in recognition of high names Edward Martin Sr. VP est recognition for contributions performance in quality. of Sales & Customer Success to developing standards. The committee honored Menke for Numayer Tekfor Automotive Bra- MSC Industrial Supply Co., Mel- meritorious and dedicated ser- sil Ltda. achieved the mark of zero ville, NY, USA and Davidson, NC, vice to the committee and in defects in all deliveries in 2018. USA, a premier distributor of Met- recognition of his strong com- mitment to ASTM International www.tekfor.com alworking and Main- standards development, his tenance, Repair and respected technical expertise, ParkOhio completes Operations (MRO) products and exemplary professionalism and Erie Press Systems acquisition services to industrial customers tireless efforts towards consen- throughout North America, has sus building. ParkOhio, Cleveland, OH, USA, announced that Edward Martin has a leading provider of supply chain joined the company as Senior Vice www.astm.org management services and highly- President of Sales and Customer Success. Martin joins MSC following www.ndindustries.com an impressive 27-year tenure with General Electric where he served as Chief Commercial Officer and led large Sales organizations for several of the company’s industrial- related businesses. He most re- Page 3

BUSINESS & MARKET REPORT June 17, 2019 SPIROL Completes Major Headquarters Expansion The employees, company executives and express pride in the accomplish- Notebook and board members of SPIROL, ments of a small company that started Agrati Celebrates 80 Years in Business Danielson, CT, USA, along with state 71 years ago with the invention of the This year, A. Agrati SpA, head- quartered in Vedug- representatives and other Coiled Spring Pin. Today, gio con Colzano (MB), Italy, is cel- honored guests gathered SPIROL is an internation- ebrating its 80-year anniversary. to celebrate the completion ally recognized leading The history of Agrati began in 1939, starting from a small man- of the major expansion to SPIROL’s brand in the fastening, joining and as- ufacturing company with only 20 people, a simple structure and a world headquarters, the largest global sembly industry with locations on four relatively low production volume. Today, Agrati celebrates its 80th manufacturing facility located in north- continents and 13 countries. anniversary with 12 production plants, five logistics centers and eastern Connecticut. Shortly before cutting the ribbon, more than 2600 employees. Agrati is currently one of the The expansion that began in early Koehl paid homage to the founders of worldwide leaders in the fasten- ing systems industry. The Agrati 2016 includes significant additional SPIROL and their emphatic dedication Group guidelines are mainly focused on globalization and manufacturing space, new state-of- and bravery to start a company to sell technical leadership principles ensuring that the company is a the-art warehouses for raw material a product that had no market as it was full service provider and co-de- signer directly for several major and finished goods, a new quality lab a new invention. commercial vehicle OEMs and www.SPIROL.com Tier1 customers. and office space, new flooring, updat- Agrati is committed to the supply of excellent products and ser- ed lighting and significant investments vices through cutting-edge tech- nologies, and it is determined in new production technology. Overall, in preserving and caring for the environment. Agrati listens this effort expanded the manufacturing to customers and develops a strong, cooperative relationship area by approximately 40%. with them. Total quality is at the core of Agrati’s operations. Jeff Koehl, CEO and grandson of www.agrati.com founder, Herman Koehl, took to the ...Since 1970 podium to address all in attendance Forged Industrial Products cently served as Chief Commercial Company Inc. back in 1979 and just Leader in the Eyebolt Industry Officer for GE’s Power’s Industrial a few years later he became the Solutions business with responsibil- sole owner of the business. Toll-Free: 888-536-3674 ity for worldwide sales, marketing, Locally: 440-993-8091 pricing and commercial operations. Along with long-term employ- Fax: 440-992-0360 ees, we have long-term goals for www.mscdirect.com serving our customers. Our mission www.kenforging.com statement has always included Components Company quality, commitment and service. Page 4 celebrates 85 years The company also takes time It’s a special year at Components to celebrate its community and Company Inc., Brookfield, WI, USA. It what happens in it. For the start is the company’s 85thanniversary as of every Green Bay Packers and the accompanying image attests. Milwaukee Brewers season, the firm does something special for its Components Company Inc. employees. This year, the Brewers’ prides itself on providing a work- opening day was on March 28, and place environment that is driven, Components Company celebrated safe, educational, rewarding and at its Brookfield facility by having a fun. The company says that is why it barbecue at lunchtime. has so many long-term employees. While the company always cel- President and CEO, Joe Wittig, ebrate its customers and the suc- has been in the industrial sales business for more than three de- cades. He joined Components

BUSINESS & MARKET REPORT cess of the company, Components • Stanley Engineered June 17, 2019 Company also enjoys taking time Fastening/Tri-Star out to celebrate its anniversaries Notebook and community. • TR Formac Pte., Ltd. • Unisteel Fastening Aircraft Blind Fasteners www.compcoinc.com Market Growth Forecast Systems Co. Ltd. Acument names TORX® • Unisteel Technology A strategic assessment report, Drive System World Class from Stratview Research, ana- Award Winners for 2018 (M) Sdn. Bhd. lyzes today’s aircraft blind fasten- www.acument.com ers market in terms of realities Acument Global Technologies, and future possibilities for the Inc., Belvidere, IL, USA, has an- Lawson Products announces forecast period 2019 to 2024. It nounced the 2018 win- stock repurchase program segments and analyzes the mar- ners of its TORX® Drive ket for a panoramic market view. System World Class Lawson Products, Inc., Chicago, According to the report, blind Quality Awards. Eight IL, USA, a distributor of products and fasteners are preferably used drive tool and 24 fastener manufac- services to the MRO marketplace, where design of the structure or turers representing the countries of has announced that assembly sequence does not China, Germany, Japan, Malaysia, its Board of Directors grant access from both sides. Singapore, Spain, Taiwan and the has authorized a stock repurchase They can be broadly classified United States were among the Acu- program of up to US$7,500,000 of into blind bolts, blind rivets, blind ment TORX licensees receiving the the company’s outstanding com- nuts and one-sided temporary award for their 2018 performance. mon stock, par value US$1.00 per fasteners. These fasteners have share. The stock repurchase pro- been gaining a fair share in the TORX Drive Tool Licensees are: gram is expected to be completed overall aircraft fasteners market, • Eklind Tool Company over the next 24 to 36 months. owing to changing preferences • Progressive Chun Yip Co., Ltd. of OEMs from permanent fasten- • Robert Schroeder GmbH & Co. The shares may be repurchased ers to blind fasteners. • Skyo Industries, Inc. from time to time in open market Blind fasteners represent less • SNA Europe Industries transactions, in privately negotiated than 12% of the aircraft fasten- • Walter Schröder GmbH transactions or by other methods in ers market, but are projected • Yih Cheng Factory Co., Ltd. accordance with federal securities to grow to US$698.8 million in • Zephyr Manufacturing Co. laws. The actual timing, number 2024. Increasing production and value of shares repurchased rates of next-generation com- TORX Fastener Licensees are: under the program will be deter- posite-rich aircraft; introduction • Agrati - Park Forest, IL, USA mined by management in its discre- of fuel-efficient variants of the • Agrati - Valparaiso, IN, USA tion and will depend on a number best-selling aircraft; increasing • ARNOLD Umformtechnik GmbH preference of blind fasteners for • CAMCAR® LLC Rochester Obituary: Jim Pokracki assembling critical aerospace • CELO SUZHOU parts; and the superior benefits • EJOT Fastening Systems Co. Ltd. Pac-West was saddened to learn of of blind fasteners are causing • EJOT GmbH & Co. KG the passing of Jim Pokracki on April the growth of blind fasteners in • Gosho Works Ltd. the aerospace industry. • Holbrook Manufacturing, Inc. 19, 2019. Jim Pokracki • Ideal Fasteners, Inc. had been the owner of www.stratviewresearch.com • Industrias Lotu, SA Construction Tool & • Lih Ta Fasteners Co., Ltd. Threading Company • MNP Corp. since the early 1990s • MNP Precision Parts, LLC and previously worked • QST International Corp. for Sullivan Bolt. Just • SAGA TEKKOHSHO CO. before Jim’s passing, • Semblex Corp. he sold the company to Industrial • Sin Fu Shan International Threaded Products. • Southco, Inc. • SPS Technologies, Inc. A celebration of Jim’s life took place on May 11, 2019, at Brown Colonial Mor- tuary in Santa Ana, CA, USA. Messages of condolence may be sent to the family in care of Construction Tool & Threading Company, 8476 S. Garfield Avenue, Bell Gardens, CA 90201, USA. Page 5

BUSINESS & MARKET REPORT June 17, 2019 Fastener Fair Mexico Keynotes: Automotive Notebook Industry Challenges & Manufacturing Exports Bufab to Acquire Mexican industries are facing important The Fastener Fair Technology Confer- HT BENDIX A/S challenges in today’s global economies, ence will take place concurrently with Bufab has entered into an and export manufacturing and the exhibition and will open each agreement to ac- quire all outstanding the automotive industry are two day with a challenge and solution co Editoria shares of HT BENDIX A/S, with of the key players that are moving annual sales of approximately faster to find solutions for their keynote. Luis Aguirre Lang, Vertical B2B - M SEK 500 million (DKK 345 million) industries. Fastener Fair Mexico and an operating margin of ap- 2019, June 19 to 20, 2019, at President of INDEX, will be tTheel: (52 55)5533-7180 M proximately 10%. the WTC in Mexico City, Mexico, will rp@verticalb2 HT BENDIX is a leading C parts feature keynotes that will shine a light for keynote speaker for the opening Supply Chain Partner in the Nor- day, with the conference: Present dics, with strong expertise in the Outlook and Economic Challenges of the furniture and fittings industries. Mexican Export Industry, in which he will Its head office and main opera- tions are in Herning, in Jutland, attendees looking for answers in thFeAsSeTENeExRaFmAiInReMtEhXeICcOhaTlOlenBgReINsGoNf EcoWmFpAaSnTiEeNsEtRo TECHNOLOGIE Denmark, but the company generates sales throughout the strategic industries. preLpAaTrINe AthMeEmRsICeAlv’SesTOasP sINuDpUpSliTeRrsYaMnAdNnUoFtACTURERS Scandinavia, Baltics, Germany, “The Fastener Fair Technology Confer- to be excluded from the opportunity to England, France and Poland. HT ence is a unique opportunity for speakers Fjoasitnentehr eandvafixliungeincdhusatriynisoefxpeexctpedotrotsw.itness significant growth over the n BENDIX A/S has about 80 em- ployees and generates annual and attendees to share expertise and net- y“eTarhs e automotive industry in Mexico sales of some DKK 345 million work with industrial fastener profession- Fhaastsenedr eFavireMloexpiceodealralyrbgirderacteofmor 2p0a19nsiehosw ianvaitlahbele for limited time with good profitability. “I am honored and very happy als,” said Melissa Magestro, ExecMuetixviceo Cityc, oNouvnetmrybeinr 6t,h2e01l8a.s–tStetenadyyegarorwsthanisdprpojreecsteednintsthe next seven year to announce this acquisition, VP of Mack thBeroFoakssteEnexrhFibaiitrioenvsenfAaItmnssteceirnn.ice,arnanmdgaarnfrikexdeiantgtcbcoyinhnbdrautinislnlgteruiynnegagntgoedgrsFeoatihwnsetettrhhnae.ewrWFfiduaeetiruaMarrreeraxe,yitcoofofagmiscloicanboaigmnl tmseauixtpitnep-dlietros which is a significant and at- organizer of serving the La tractive add-on to our existing to satisfy the businesses in the Nordics, and which presents attractive growth the world. “The National Council ofofrtfhasetenertseorluntaiolnas nindthienrteegrinona.lFcahstaenlleernFgaier MseinxicMo 2e0x1i9cow,ill be held June 19- synergies for both companies,” said Jörgen Rosengren, Bufab Maquiladora and ManufacturingWTfCoMr exicsooCitwy.e need to work together to move President and CEO. The acquisition is financed within Exportation Industry-INDEX and the forward”, said Oscar R. Albin, CEO of Bufab’s existing credit facilities. National Industry of Auto Parts-FIaNstAen,ers IaNreAu,saebdoinutahibsrokaedynraongtee, oCf haaplplelicnagtioenss oinfctlhudeing automotive, m The purchase price, on an en- will deliver keynotes this year. Alseloec,traical &Aeuletcotrmonoicsti,vmeaItenrdiaul hsatrnydliinng Meqeuixpimceon.t, fabricated metal products, a terprise value basis, amounts to tmheemSbtearteofotfhMe eAxuictoomwoiltlivpearCticluipsatabmteenoraddryakod,eseftmfgeornoldswieTtnothghep,.qeisucuipsscmpooeennnnstf.iienoInnrdceusrenysascttsereiinmag,lpfffarraasotsmegtneere,anrbmidonedgmywaatensildsclehfmoinnrbocalyulloutaogndmdyeo,wtivheeeplasrtiss -includin approximately SEK 350 million expecte upon closing of the transaction. speaker, and Sebastian De Lara will innovations and solutions, with a focus on www.bufab.com offer a special session about the Ecxhtearnl-ally thmreaaidnetdefnasatennceers aarnedexrpeepctaedirtotospeeicssig.nificant demand due to increas www.fastenercoalition.org lenges of Mexican economy nowadbayyasu.t”omotive OEMwsw, mwa.cfhainseterynOeErMfasi,ra.ceroomsp/amceeaxnidccoonstruction applications w strength is required. Aerospace grade fasteners are expected to be the fastest grow of factors including the market pprroicduect segsmuenpt pwitlhyincthheafoirnecsas,”t pseraiodidasDthae anviaFtiloon rsnecetosr cso,ntinues to expan of Lawson’s stock, general ma“Wrkeehtad a gPreraet esxipdereienncet barinngindg FCasEteOner Foaifr toFGausadtealanjaara.l.For 2019 we are and economic conditions andbaacpk t-o Mex“iWco Ceit’yreto cponlseolaidasteetdhe etvoentr. eWce owagntntoizcoenntehctiksey buyers from fa milestone with Pierce Manufac-growing industries in Mexico, such as construction, automotive, aerospace and elec plicable legal requirements. with suppliers of new industrial fastening and fixing technologies form all over the wo The stock repurchase progMraelimssa Matguesrtrion, Egxec(uativne VOP osfhMkacok sBrhookCs EoxhripbitoionrsaIntcio., onrganizer of the ev does not obligate Lawson to apreuwro-rkingcoon man pevaennt tyha)tbwiell pcraovuidesereatl hvaeluye towoeverre200o0ninedustrial fastener b engineers and distributors form Mexico and Latin America. For exhibiting companies chase any particular amounFtasotenfer Faoirfisothuerbefsirt swatyvtoecnondnienctganpd daorbtunseinersss wnitehafarstleyner buyers and common stock and may be sdiustrsib-utorsain tdheerecgaiodn.”e ago.” pended or discontinued at any tiFmor eFr.ancisco SFeiajass,tferonmaAVl KhFeasltpensersc, \"uFassttoenmer Fearirsis asnimexc-ellent show that investor.lawsonproducts.combuyers andpenlgifinyeearsntodlearren afrolmiztehe psurpopldierus,catndaitnaldso apllorwos-the suppliers to accurate infcoremsatsionsfoar tvheinir ngesedsa.\" cross their supply chain. The company provides a Fastenal vending milestone: broad offering of products span- 100,000+ active devices With the recent installation of ning more than nine major product three additional devices at the lines—from fasteners and tools to Pierce Manufactur- safety and janitorial supplies. ing facility in Apple- www.fastenal.com ton, WI, USA, Fastenal’s industrial vending program hit a major mile- BTM Sales Rep, stone of over 100,000 active de- John Reeves retires vices being used at customer sites BTM Manufacturing extends its worldwide. heartfelt congratulations to John “Thanks to the willingness of our Reeves who is retiring from his posi- customers to try a new idea, the tion as BTM Sales Rep. For nearly 25 last ten years have seen vending years, Reeves has shown tremen- become an important element dous amounts of dedication, hard within industrial and construction work and commitment to service Page 6

Written by R.W. Baird analyst David J. Manthey, CFA 6/6/19 BUSINESS & MARKET REPORT June 17, 2019 Fastener Distributor Index (FDI) Declined to 53.8 in May 2019 –reNcentoly tebook ThKeeyFTaDkeIacwoany:tracted slightly last month, but on the Fastener News Report, coming soon: Earnest Machine Now reTmhaeinseeadsofniramllyly-adinjusetxepdaFnasstieonnerteDrirsittoribryutworithIndaex (FwDIw) fwor.fuMlalyythwraesa5d3e.8d, .ccoonmtracting two points vs. Distributing Unbrako Socket arellAmaypdoaridinlde’sgjrua5ost5etf.el8y5drr3.ee.atT8rdehivaneetger.FdsSoufarrslwoems5at5rArd.ep8-nLrdiilonsloemAvkepiirnlrrsgoi.l,rReIesndsedptaihocsenaodtonoevnr-etracollmTYinohmduaeernxn,kctaaorsymyotshmuiemefsiolnearatrslsyyoaornenuamdlrlyap-qianauderejdtuiscscttiaipeoudantitssoiaoualnesrsoeinninwbdteaehlxeacnaoFlcmseoD,eI:. Products in North America T(HoFpheasMLtprsaiIeame)rbyacaifoidstuflthistecrhiaotacdhnltlrrehyieeRnertraraeAasedtdpinuaxirina-rotimlnegl.yedoeosdnpiifnsttih4soMo7oosf.dauu7tebythl,v-oe5we1o0Mr4kistl1heaua,vnaysedanl5Fsso2tDfhvo.BIe1erorriFtinanhogelrAlhFwlfpteuoaorslurilndslyr.t-Lhotoimk8i7neg7Y-TI3nD3d.2icO-a7vteo8rr3aw6(llFw,LrIwe) s.rufedlvtisesrwuteerdrveelolyew.scesoremmnc/omu.raTghinegFiLnI Earnest Machine, Rocky River, BTeeFcashsttneoVnleoPrgDySisItntertiveberuntiaAotninoTdnrearnal dessdi:kitMojaroyMin2i0sk1e9FMacsNteunletyr www.fastenersclearinghouse.com OH, USA, is now the master dis- www.nfda-fastener.org tributor of high-performance Un- brako Socket Products to North America. This partnership is a strong fit as it couples Unbrako’s Premium Socket Products with Earnest’s industry-leading dis- tribution performance of 99.13%. “With Earnest’s industry-leading distribution performance, we’re confident that this partnership will help us win in the market, and will also provide a new product line to Earnest’s custom- ers,” said Bill Boak, Unbrako VP Sales/Marketing for Unbrako. Source: Baird, FCH Sourcing Network, Institute for Supply Managemmentanufacturing facilities at 5 Cherry Street, East Hartford, CT 06108, USA. Entering its 50th year, Deco Prod- ucts manufactures screw machined specials to customer drawings or Spotlight on NIFS/[email protected] The partnership makes it easier to acquire product in the USA’s eacThheaDonandvihsVeisfPoavfllemitanrsIiaylntylidcddasuanaIsydyntr.acJito.aBBhlTTnMMR.ewevisehs esWrend•Qtihvu3iadMaBmer,ontoSdTett.hoorPno3la4yltuh2PleD, rMcioovNdmi,udpUceatSnsnAy,d’shscaosRmdemepcolnoarVrsetTtdio.sec.a.kicthFnaosltdmwoeignsiildtlyerwibrbeeustisto/hneipacpestenedtrenrfsrroienmgIniodEnaiasrn,naeapssto'si-t cDaepcaobPilriotidesuc&tsrealdodcas tpersofdaucciltit yawJodehDdlnlietaitcaioyppmpiVohnsanoouroronrsaeoeduwlrlytyictdawetPiinmcbsuIrwsnJlenueirVicjeeaoedeorerupwrlnrdcseussuTsdetr,.stei.ponlnpcooObtuBoloioortatnaqdoiouctc-lgaspnump,omrtaetulmeaotiscccPhohrtclfap-,aayitollfnmotlts7iadnamrasaI5susennslcodta1etfodtfirercigareacgcelnstpssc.iv.,pofs’ecittacaaigutiorsarsasrnosunrtnoiete.ndsetebbmtfxnmaatsrnooihtieineplhunudoairsdetessrra--tiuennnstd.ceaedssAPdmtWtmsitfWwfTTnhoorhcOuHOoCorvoreaaeercmeerRnntelRIRriihwlpLnmnnenucQdX®esrtLpetggfswhoi®oo-afruImiSCaasrdPniutfct2(Moa•ao•CoOoacaitEb“yhisetdmtonapunSsooCtfnf0ftmubaTHTAetoelrheedddlcadIbdinnUere®1r.dnlf2eIoTpeheeJadr,,oye®i9QWhtunHibePnopvScui0,coteibhrsnUduToao,HootUMisPef3$oeor’on1diasdisloalOentnaniHHlllttSI91mA1SonndsiOreunsPehLdlddsn.RU,tAA..Iett4DtsierLaieiRnaugLhoshlQcnTst1oo2Wk,cblSIb4TrsR,srpeTLa4dhmrgPhSd,ey-sf0tsul$hsaeumEeeOIhSrieS.tNut,aTpPgUfyr3c1orWEeXiooaensooacSRam2giSih9rdeeifTa.ttcs®otQftSfnsenhn®Qoens7y0eetltarw®dlkr,p$eerep.UsUthglao5f,hi®ea1oi”AMsnsCdconroi0ArTari,v9navAo)utochSceeoYhvtnhCCreeHso.qadCiadrp.hluaoRone$2AlddradlsuiRicebumurREltywdnc0Eoa,rrycs4yeeGharlee®5ecdXkt®mra-rdee.llyeta01tlpnD2naweapadio9r,oLorrsntn6radinausseyiis.y4duRcNfsaOee3lbbedhwrpeogg6abapmttIad,bblofdraaa.nBrtiaiYtVraortr7n7nnli.hseee2grvrihcfoteE,saori®bsdddddtggot5eeeeab0--irU,,.hefornvuoeops1tyceepfSctt9rc,noahaiAlrHeoosI.oPenyenJre,wnrocsiraaiculcdhcecesalfobcwwml..oafhy,scaherMolwneasCadhoat1rnfTdsr,armidt.bnrnJehM3dee2uypeuuqcdemi0Gsscoaanswiuinttn1lcSiin.yeirraaIn9dcnnPlotinoborreo2t,aAr1ubetohsucseem2t0ttrpBdoneeIiksM---roe,,,daeornonunt2iofk0Pfraesie0anccteBtds7bGatyU:hutUtYirIEiDooeRovcfleUiEnSr3ino’sano-nn3dr,cmlgaubI0suoNwelerp,asda,dw-tlleUreaekwhytoSd:leeo.sAedaptspaeacdirezrodonnsecdd,edsarruse,aoAttctmpnlhrtlteilsgrbaeaodeacneuvhtxtdtaihaedicnmnrs,eeeedGaea.scaAidrudnok,ccsmmimUnhlauogSondaArssdees..t 2019. www.hillmangroup.com Symbols Volt Industrial Plastics, Inc. • Nucor Corporation, Charlotte, NC, USA,INTERNATIONAL GUIDE has declared the regular quarterly cash 700 Hwy.w2w02wW.vo•lYtpelllavsiltleic,sA.cRo7m2687, USA wwdwiv.widreenndthoafmUtSo$o0l..4co0mper share on Nucor’s Don't Miss On-Demand Fastener Talk Radio! Contact: Heidi Volltrauer, COO FTR is talk radio for the fastener industry, featuring Toll-Free: +1 800 844 8024 common stock. This cash dividend is pay- guests, commentary and conversation designed to Toll-Free Fax: +1 877 453 8707 able on August 9, 2019 to stockholders of inform and entertain fastener professionals. Available record on June 28, 2019, and it is Nucor’s any time in streaming or download formats. Tune in Web Site: www.voltplastics.com 185th consecutive quarterly cash dividend. E-Mail: [email protected] www.nucor.com today! Log on to listen to Fully Threaded Radio: www.fullythreaded.com Page 7

EVENTS & OPPORTUNITIES Second Fastener Fair USA Year is awarded to professionals, June 17, 2019 Subscribe, read or advertise @ www.fastenertech.com/FastenerNewsReport.asp • FREE FTI BUYERS’ GUIDE for all paid subscribers Reports Growth aged 40 or younger, who already have an unimpeachable record EVENTS Fastener Fair USA 2019, North of integrity and respect in the fas- America’s largest trade show and tener industry. The Hall of Fame June 19 – 20, 2019   conference event for the recognizes professionals who have Fastener Fair Mexico 2019 entire fastener industry made lasting inputs to the fastener Mexico City, Mexico supply chain, came to industry on a national or global www.fastenerfair.com/mexico a victorious close at the Cobo scale including inventors, business Center in Detroit, MI, USA, on May leaders, educators and more. June 26 – 28, 2019 23, 2019. Close to 2200 fastener Fastener Expo Shanghai 2019 professionals participated, sur- The 2018 winners of the Hall of Shanghai, China passing its inaugural show last Fame were Bob Sachs of XL Screw www.chinafastener.com year in Cleveland, OH, USA. Over Corporation and Robbie Gilchrist 260 exhibitors from 15 countries of Capital Marketing, and the August 20 – 21, 2019 connected with customers in the 2019 winners of the Young Fastener Die Stress Analysis Workshop aerospace, automotive, civil engi- Professional Award were Peggy Columbus, OH, USA neering, construction, energy and Hsieg and Jun Xu of Brighton-Best www.deform.com machinery industries. International. More past winners can be found at the website below. August 22, 2019 “There was something for ev- DEFORM® Die Stress Training Course eryone in the industry at Fastener www.fastenershows.com Columbus, OH, USA Fair USA,” commented Baron Yar- www.deform.com borough of Spring Bolt and Nut WINA in Partnership with Manufacturing and Young Fas- Fastener Training Institute September 17 – 19, 2019 tener Professionals. International Fastener Expo - IFE 2019 Würth Industry North America Las Vegas, NV, USA “We saw a lot of our customers (WINA) announces its exclusive www.fastenershows.com that we wouldn’t normally get to partnership with The Fastener see because we’re in a different city Training Institute (FTI) as the 2019 October 23 – 25, 2019 and that’s a great thing,” said Ken “Sustaining Sponsor” of FTI. This new Fastener Trade Show Suzhou 2019 Kovach of Ken Forging. level of sponsorship will help FTI Jiangsu Province, China www.fastenertradeshow.net The next Fastener Fair USA will fund both existing programs and take place in May 2020 at the develop the new content needed March 30, 2020 – April 3, 2020 Charlotte Convention Center in to grow. The generous support wire 2020 Charlotte, NC, USA. of Würth will be acknowledged Düsseldorf, Germany throughout the year at FTI classes, www.wire-tradefair.com www.mackbrooks.com webinars and industry events. May 2020 IFE 2019 Accepting www.wurthindustry.com Nominations for 2019 Fastener Fair USA 2020 Fastener Professional Awards Charlotte, NC, USA Nominees are now being ac- cepted for the 2019 Hall of Fame www.mackbrooks.com and Young Fastener September 28 – 30, 2020 Professional of the International Fastener Expo - IFE 2020 Year Awards, which annually honor Las Vegas, NV, USA professionals who have made sig- www.fastenershows.com nificant contributions to the fastener industry. The awards are given dur- Delivering the World of Fasteners to ing the annual awards ceremony Manufacturers • Distributors • End Users at the International Fastener Expo (IFE), held this year from September April/May 2019 JJUUNNEE//JJUULLYY 22001199 Fastener June/July 2019 17 to 19, 2019, in Las Vegas, NV, USA. SSeerrvviinngg MMaannuuffaaccttuurreerrss,, DDiissttrriibbuuttoorrss aanndd EEnndd UUsseerrss The Young Professional of the AAPPRRIILL//MMAAYY 22001199 Fastener SURFACE TREATMENT..P. 52-58 Page 8 APRIL/MAY 2019 SSeerrvviinngg MMaannuuffaaccttuurreerrss,, DDiissttrriibbuuttoorrss aanndd EEnndd UUsseerrss JUNE/JULY 2019 Sorting & Inspecting...70 IFME & Fastener Fair USA Previews...60, 76 & 112 WWW.FASTENERTECH.COM Focus WWW.FASTENERTECH.COM Focus Focused News, Information and Products for Presented by... Focused News, Information and Products for Presented by... Fastener Distributors, Importers, Manufacturer’s www.fastenertech.com Fastener Distributors, Importers, Manufacturer’s www.fastenertech.com Representatives, OEMs and End Users. Representatives, OEMs and End Users. FASTENER TECHNOLOGY INTERNATIONAL TAPPING...P. 52-54 “Problem-Solver In this issue... FASTENER TECHNOLOGY INTERNATIONAL In this issue... Alloy”...56 SECONDARY OPERATIONS...88 FF News & Info FF News & Info Threaded Rod...82-85 Retaining Rings P. 99 P. 93 ...122-123 The Traveling Salesman The Traveling Salesman Spends 10 Minutes with... Washers...134 Spends 10 Minutes with... Brian Musker, Fastener June/July 2019 Rick Rudolph, Rick Rudolph FCH Sourcing Network & Associates LLC Fastener April/May 2019 Fully Threaded Radio Which Austenitic Stainless Focus How to Calculate the Focus Steel is Best for Dynamic Estimated Fatigue Life Continuous improvements are at the heart of the Nord-Lock Group which now promise at leFaaFsostectnues1er,dD0Ni0ste0rwibshu, tIoonrufso,rrImsmarpteioorsnteisarsnt,daMPnarcnouedfuaiccnttsuSfroearr’lst Presented by... Loading? Focused News, Information and Products for Presented by... of a Disc Spring www.fastenertech.com Fastener Distributors, Importers, Manufacturer’s www.fastenertech.com Spray Testing for all Nord-Lock steel washers. Representatives, OEMs and End Users. FASTENER TECH™ ‘19 Exhibits FASTENER TECH™ ‘19 Representatives, OEMs and End Users. Culture as a Competitive Fastener Fair USA 2019 Advantage In this issue... Preview...Continued Nord-Lock steel washers promise highest salt spray resInisthtisainsscuee... on the market FF News & Info Five Decades of Fastener FF News & Info New Generation of THREAD ROLLING...90 Distribution Innovation, Thread Forming Screws Corrosion is a growing concern across industries and the requiremTheenTtrasvealrineg Sinalcersemaansing in Growth and Customer Service The Traveling Salesman for Light Alloy environments where accelerating factors such as humidity, heat aRSnpicedknRdausdi1ro0lppMhoin, RlulitucekstRiwouidtnho.l.a.phre Spends 10 Minutes with... Next Generation of Wooden Brian Musker, Reliable Testing for combined. The Neutral Salt Spray Test (NSST according to ISO 922A7ss)ocisiatoens LeLCof the most Nail Firing System FCH Sourcing Network & Threaded Connections, established methods to verify corrosion resistance. Nord-Lock GroSWuthepeiclhhisAaBuesssteotnffoiftriicDcySinataalimlnyliecrssaised the Fully Threaded Radio Fasteners & Joints Washers Roundup EXHIBITS, SEMINARS &corrosion resistance on all steel wedge-locking washers and promLoisaedisnga?t least 1,000 hours in How to Calculate the Retaining Rings Roundup salt spray test, ensuring optimum performance over time, even inFAtShTeENEmR ToEsCtH™ex‘19trEexhmibiets Tracking Your Fasteners: Estimated Fatigue Life Vol. XLII, No. 3 NETWORKING...environments. Culture as a Competitive Are You Going Off the Grid? Vol. XLII, No. 2 of a Disc Spring FF Products Advantage FF Products FASTENER TECH™ ‘19 Corrosion occurs when metals come into contact with humid air oFDiivrsetrwDibeauctatiodenersI.noCnfoFovaarsttrieoonnse,rion will PAGES 62-67 & 116-124eventually weaken steel parts and can potentially affect their funGcrotiwothna,nfdoCrucsitonmgeroSperevricaetors to Fastener Fair USA 2019 increase repairs which decreases productivity. It can affect structNuerxat Gleinnetraetgiorniotyf Waonoddentherefore Preview...Continued Nail Firing System cause accidents. “Extreme environments demand more,” says AnWdarsehewrsRRoaudndnuopr, Sales New Generation of Manager at Nord-Lock Group. “Corrosion will occur sooner or latTerracakinngdYocuarnFajseteonepras:rdize the Thread Forming Screws Register with form on pagew6ho6le oaprplicoatnionli, nnoet juasttthe bolted joint.” for Light Alloy www.mwfa.net or www.fastenertech.com Are You Going Off the Grid? FF Products Reliable Testing for Threaded Connections, Fasteners & Joints Retaining Rings Roundup FF Products FTI_SPIROL_FastenerFocus_cover_o_June_2019_all_products.indd 1 4/30/19 8:20 AM FTI_SPIROL_FastenerFocus_cover_o_June_2019_all_products.indd 1 4/30/19 8:20 AM [Caption] Nord-Lock Original Washers and X-Series washers with standard and enlarged (SP) outer diameter and Steel Construction (SC) Washers. All steel washers withstand at least 1,000 hours in salt spray test. Visit www.fastenertech.com to start or renew your free subscription