Fastener News Report March 12 2018 Flip Edition

March 12, 2018 Subscribe, read or advertise @ www.fastenertech.com/FastenerNewsReport.asp • FREE FTI BUYERS’ GUIDE for all paid subscribers Volume 4, Issue 3 INSIDE THIS ISSUE EDSCO Fasteners Acquires TSS........................2 Apex Opens European Headquarters............2G.L. Huyett Acquires HANDI-CHEK® PennEngineering®: New Panel Screws........... 2 Plastic & Aerospace Fastener Growth Rates..3from ITW Shakeproof Industrial Products Shamrock Opens European Office...................4G.L. Huyett, an ISO-certified manufacturer and master distributor of Steel & Aluminum: Section 232 Reports..........4nonthreaded fasteners, has acquired the HANDI-CHEK® packaged goods Rightway Fasteners Investing in Equipment...5business of ITW Shakeproof Industrial Products. The acquisition includes Patent Issued for Remote Refill System............5equipment, inventory, assets and intellectual property—including the Fastener Fair USA Educational Sessions.........6 WIFI Announces Speakers for Cleveland......... 6HANDI-CHEK brand name. “HANDI-CHEK is one of the original packaged fastener brands, 3M Opens New Innovation Center.................. 7and we will further strengthen the brand equity and franchise Quarterly Dividends Report............................... 7with our promotional efforts,” said Greg Tabor, VP of Marketing IFE Partners with EFDA to Bring Europeanand Procurement. “We plan to convert our existing packaged Delegation to the Las Vegas Fastener Show.. 8 Taiwan Fastener Show......................................8goods lines over to the HANDI-CHEK brand.”HANDI-CHEK was founded in the 1970s and catered to farm and ranch Presented by:stores in the upper Midwest. The brand was purchased by Rein Leitzke, Initial Publications, Inc.which was later acquired by Bee Industries and folded into the ITW Shake- 1741 Akron Peninsula Rd,proof Industrial Products family. Along the way, HANDI-CHEK was promoted Akron, OH 44313 USAto the industrial supply channel and HANDI-CHEK kits are now advertisedand sold by many of the industry’s leading catalog distributors. Tl: +1 330 864 2122 • Fx: +1 330 864 5298 www.fastenertech.com “The purchase of HANDI-CHEK is another step in our current growth- Chip Lippincott Publisheroriented business strategy,” said Timothy O’Keeffe, G.L. Huyett CEO. “We Mike McNulty VP & Editor intend to intensely invest in this business and drive value that benefits our Jim Masar Senior Editordistributor customers. This deal provides us greater scale so that we can Tom Hutchinson Global Sales Managerlower our costs of assembling and kitting on our current packaged business. We continue to look for strategicfits to our product and service offering,” said O’Keeffe, “We have distinct management support systems to ensurethat the employees and customers of retiring entrepreneurs or divesting shareholders are well taken care ofand embraced into our Culture of Excellence.”This is the third acquisition G.L. Huyett has completed in the past two years. www.huyett.comFiat Chrysler Automobiles Honors Würth as Supplier of the Year In December 2017, automotive manufacturer, Fiat Chrysler Automobiles (FCA), honored Würth as MoparSupplier of the Year 2017 of the economic region EMEA (Europe, Middle East, Africa). Dr. Reiner Specht (DeputyMember of the Central Managing Board of the Würth Group), Roberto Cavosi (Key Account Manager WürthItaly) and Giuseppe Amico (National Key Account Würth Italy) attended the award ceremony. FCA said it honored Würth because the company provided MOPAR, an organization within FCA and the officialservice, parts and customer care global provider for FCA brand vehicles, with outstanding positive service in past years. Within the EMEA region, Würth of- fered innovative ideas in a proactive manner and contributed to developing and expand- ing DFS business. Würth supplies FCA with after-sales products, spare parts, corporate workwear and commercial vehicle equip- ment in the main European countries andis sole partner for selling an original product produced by the automotivemanufacturer—carpets for economy and premium car brands. www.wuerth.com Page 1

BUSINESS & MARKET REPORTMarch 12, 2018 Apex Opens State-of-the-Art European Headquarters in Response to Self-Serve Automation Demand Notebook Apex Supply Chain Technologies® EDSCO Fasteners Acquires Ltd. has expanded its presence to Tower Support Services (TSS) better serve its growing European EDSCO Fasteners, Denton, TX, customer base. An official opening cer- USA, a leading supplier of foun- emony was held at Apex House, the company’s new facility in Hartlebury, dation anchor- Worcestershire, UK, on February 7, ing systems for 2018, for customers, area dignitaries, critical infrastructure installations, industry partners and employees. and a portfolio company of LFM Capital, has acquired Tower More than double the size of its previ- even greater value to our customers,” Support Services, LLC (TSS), ous UK footprint, Apex House is a said Julian Adams, CEO of Apex McKenzie, TN, USA. TSS is a lead- 46,000 ft2 facility bringing together Supply Chain Technologies, Ltd. “As ing manufacturer and supplier employees from assembly, sales, our customers and prospects see the of foundation systems for the operations, customer support and ad- positive impact self-serve automation electrical transmission, substa- ministration across multiple locations has on operational processes, Apex tion, wind energy, lighting and into a single, customer-focused facility. can more easily meet their changing communication markets. needs.” www.edsco.com Central to this facility is a purpose-built, 3750 ft2 Technology Center, featuring Since expanding its UK presence in New Panel Screws the latest Apex solutions for demon- 2011, Apex has expanded the ap- from PennEngineering® strations and ample meeting space plication of self-serve automation New PennEngineering® PEM® for customer training. It also promotes technology to a set of industry sectors PFC4™ self-clinching captive collaboration across employees, cus- as diverse as retail, restaurants, food- panel screws install permanent- tomers and partners. service, warehousing, logistics and ly into stainless steel enclosures industrial manufacturing. for easy access and eliminate “By investing in a larger footprint at a loose screw risks. The captivated single location for our European op- www.apexsupplychain.com screw remains reliably in place erations, Apex is positioned to deliver where designed in a door or panel and will William Galvin replaces retiring Senator Pat Toomey not loosen, fall Robert Eck as head of Anixter visits Sussex Wire out or damage internal compo- Anixter International Inc., Glen- Pat Toomey, USA Senator from nents. Expand- view, IL, USA, has an- Pennsylvania, visited ing application nounced that Robert Sussex Wire, Inc., potential, these J. Eck will retire as Chief Executive Easton, PA, USA, to discuss the spring-loaded fastener assem- Officer (CEO) at the end of June 2018, potential benefits of the recently blies comply with UL 60950 following a 28-year career with the enacted tax legislation with Sus- equipment access standards. company. Eck, who will continue to sex Wire President and CEO, Tim serve on the company’s Board of Di- Kardish. During a 10-minute intro- www.pemnet.com rectors, was named President and ductory session, which included Chief Executive Officer in July 2008. members of the Sussex Wire’s lead- www.ndindustries.com ership team, Kardish described the Effective July 1, 2018, William A. nature and benefits of cold forming Galvin will become President and technology to Senator Toomey and CEO. Galvin has served as President talked about how the Federal tax and Chief Operating Officer since July 2017. During the last 12 years, ...Since 1970 he has served in a variety of senior management positions with Anixter Forged Industrial Products Inc., the company’s operating sub- Leader in the Eyebolt Industry sidiary, most recently as Executive VP-Network and Security Solutions Toll-Free: 888-536-3674 and Senior VP-North America En- Locally: 440-993-8091 terprise Cabling Solutions Sales. Fax: 440-992-0360 Galvin joined the company in 1984. www.kenforging.com investors.anixter.comPage 2

BUSINESS & MARKET REPORTreform act will help Sussex invest in ParkOhio is a diversified interna- March 12, 2018new technology and hire new work- tional company providing world- Notebookers faster than originally planned. class customers with a supply chain Plastic & Aerospace Fastener Markets Growth Toomey asked a number of management outsourcing service, Rates: 6.3% & 7.5% According to Research and Mar-questions to better understand capital equipment used on their kets, the global plastic fasteners market is projected to grow fromSussex Wire’s competitive position production lines and manufactured an estimated US$4.45 billion in 2017 to US$6.04 billion by 2022,as a global leader in cold head- components used to assemble their at a CAGR of 6.3% from 2017 to 2022. Growth of the automotiveing manufacturing technology and products. ParkOhio operates 64 industry is a major driver and is expected to be the fastest-sought to understand what part of manufacturing sites and 65 supply growing end-user market for the plastic fasteners market.the tax package Kardish believed chain logistics facilities, through The automotive sector in China, India, Iran and other countrieswould be most beneficial. three reportable segments of Sup- is growing rapidly, also increas- ing plastic fastener demand.www.sussexwire.com ply Technologies, Assembly Com- The Asia and North America construction market growth isSolon Manufacturing certified ponents and Engineered Products. another reason for the growth. And a report on the global aero-to new ISO9001:2015 standard www.pkoh.com space fasteners market pro- vides qualitative and quantitativeSolon Manufacturing Company, Craftech Industries analysis for the period of 2015 toChardon, OH, USA, has been cer- certified to ISO9001:2015 2023. It predicts this market to grow with a CAGR of 7.5% overtified under the new ISO9001:2015 Craftech Industries, Inc., Hudson, the period of 2017 to 2023. The study of the aerospace fastenersstandard, effective January 27, 2018. NY, USA, is pleased to announce market covers the analysis of the leading geographies suchThe company previously realized that the company has completed its as North America, Europe, Asia- Pacific and RoW for the period ofcertification under ISO9001:2008 upgrade audit this past January to 2015 to 2023. The report pres- ents drivers, restraints, opportu-in 2011 and has been audited and the ISO 9001:2015 standard. nities, demand factors, market size, forecasts and trends in theregistered annually by BSI (British www.craftechind.com global aerospace market.Standards Institute). New employee representative www.researchandmarkets.com go.solonmfg.com appointed to Bulten AB BoardParkOhio acquires Mikael Jansson has been ap-Canton Drop Forge, Inc. pointed as the newParkOhio, Cleveland, OH, USA, employee represen-has acquired Can- tative to the Bulten AB board.ton Drop Forge, Inc. Jansson will take on his duties(CDF), of Canton, OH, USA. as employee representative withEdward F. Crawford, Chairman immediate effect and for a termand Chief Executive Officer, stated, of office of three years. Jansson“ParkOhio is pleased to announce has been employed at Bulten’sthe acquisition of Canton Drop plant in Hallstahammar, Sweden,Forge. The addition of CDF to our since 2003, where he has had acurrent Forged and Machined number of different positions withinProducts Group will enhance the production. Since 2017, he has beencompany’s international aerospace employed as a Production Engineer. profile. The company has been in Also, Thure Andersen will remainbusiness for 115 years.” in the position of deputy. www.bulten.com Aero-Space Southwest www.fastenercoalition.org moves to new location Aero-Space Southwest has moved its main office in Phoenix, AZ, USA, to a new location at 909 West Pinnacle Peak Road. With 15,000 ft2 of office space, and 25,000 ft2 of warehouse space, Page 3

BUSINESS & MARKET REPORTMarch 12, 2018 Shamrock International Opens European Office Shamrock International, Chicago, IL, gineering partner. Our customers can Notebook USA, has announced that Shamrock take advantage of our manufacturing Steel & Aluminum: Section 232 Reports Europe is now open for business. process expertise and shorten their Secretary Wilbur Ross released reports on the U.S. Department In April of 2017, Floris Somers ac- timelines to cost sav- of Commerce’s investigations into impact on our national se- cepted the role of Managing Director ings. Many clients we curity from imports of steel mill products and imports of wrought with Shamrock International Com- work with focus on and unwrought aluminum. “I am glad that we were able to ponents Deutschland. Floris’ Frank- cost, quality and de- provide this analysis and these recommendations to the Presi- furt, Germany, office provides global livery. Shamrock does dent,” said Secretary Ross. “I look forward to his decision on any customers with the same technical as well, but we also potential course of action.” The Department of Commerce expertise and high quality that they drive significant sav- found that the quantities and cir- cumstances of steel and alumi- have come to expect in other regions ings on many of the Floris num imports, “threaten to impair the national security,” as defined where they operate. Floris joins the hidden supply chain by Section 232. The reports are Shamrock family after nine years at and engineering soft Somers currently under consideration by the President, and no final ITW in various sales and management costs associated with running a large decisions have been made with regard to their contents. The roles, most recently as Business De- manufacturing operation. With our new President may take a range of actions, or no action, based on velopment Manager of ITW’s Global offices in Frankfurt, we can now offer the analysis and recommenda- tions provided in the reports. Wind and Solar businesses. our differentiated service wherever our Action could include making modifications to the courses of “Joining the Shamrock family was an customers operate.” action proposed such as adjust- ing percentages. easy decision, said Somers. “Sham- With new locations in Europe, Sham- The President is required to make a decision on the steel recom- rock’s focus on vendor-managed rock International’s span across the mendations by April 11, 2018, and on the aluminum recommenda- engineering allows us to drive cost globe now reaches farther than ever. tions by April 19, 2018. www.shamrockint.com savings for our customers as an en- www.commerce.gov the new facility is nearly double the turing a wide array of products from Jackie Ventura size of the previous. The move took small quantities to large. Wyandotte Sales Representative place at the beginning of December was founded in 1959. Phone: 330-467-0102 • Mobile: 216-338-8485 2017. This expan- www.wyandotte.com Fax: 330-467-0108 • Email: [email protected] sion offers shared space for both Bossard Ameri- Beck Clip Systems acquires Web: www.JackieVentura.com cas executives and Aero-Space machine expertise from MAGA News & Notes: www.JackieVentura.Net Southwest employees. The open floorplan, with a modern and On February 1, 2018, Beck Clip Skype: Jackie.Ventura1 contemporary feel, will also allow Systems took over machine manu- Twitter: @JackieVentura1 for potential growth in the future. facturer MAGA, Komorniki, Poland, A spacious conference room is thereby enhancing its expertise another added feature of the office and product portfolio significantly area. And there are dedicated ar- in the field of clip eas for kitting, tool demonstrations machines. Beck Clip and Smart Factory Logistics demon- Systems will now be strations. Warehouse facilities will positioned as a full- eventually be shared with Bossard. range supplier in www.bossard.com the meat processing industry market. Wyandotte Industries makes transition to IATF16949:2016 “We will benefit from the long- standing production expertise Supplier of special nuts, locknuts, of MAGA employees and we’re screw machine products and CNC products, Wyandotte Industries, has an- nounced its success- ful transition from TS16949:2009 to IATF16949:2016. With 40 screw ma- chines and six CNC lathes in-house, Wyandotte is capable of manufac-Page 4

BUSINESS & MARKET REPORTpleased to still be able to offer all assembled for the project. March 12, 2018employees successful and ambi- Dyson Corporation has manu-tious prospects in the future,” said NotebookChristian Beck, CEO of the BECK factured anchor bolts, nuts, screwsFastener Group. and other fasteners and forgings Rightway Fasteners utilized in the wind turbine construc- www.beck-fastener.com tion industry since the inception Investing in Equipment of the renewable energy industry,George James joins and the company stated that it is Local reports say, RightwayComponents Company delighted to be a part of such an impressive project. Fasteners, Columbus, IN, USA, Components Company Inc. hashired George James as an Account With more than 125 years of has received a tax abatementSpecialist/Estimator. This position is industry leadership, Dyson Corpo-new to the company and is a result ration is a leading provider of 100% from the city for new equipment.of continued growth in the industry. domestic large-diameter fasteners and forgings. Rightway will invest US$9.85 mil- In his new role as Account Spe-cialist/Estimator, James will be pro- www.dysoncorp.com lion for new equipment for mak-viding companies withsourcing capabilities Valley Forge & Bolt ing fasteners for the automotivefrom a vast network of welcomes new Directorvendors. He also will industry. Toyota is Rightway’smanage inventory and Valley Forge & Bolt Mfg. Co.,vendor relationships Phoenix, AZ, USA, largest customer. Rightway plansso that Components Company has announced thatcustomers can better focus on their James Brooks has to install 36 pieces of manufac-core competencies. James has joined the company asmore than six years of experience Director of Engineering turing equipment beginning inin customer service, sales and and New Business Development.marketing. April 2018. As a result, Rightway Brooks brings significant experi- www.compcoinc.com ence in the field of specialty engi- will retain 360 jobs and add 17 neered fastening solutions. This in-Dyson Corporation supplies cludes direction of a large Swedish/ new positions starting this year.anchor bolt assemblies for USA specialty fastener company.Walnut Ridge Wind Project In addition, he has significant ex- The abatement will save the firm perience in the development and A leading provider of 100% do- execution of global strategies along US$287,771 over 10 years.mestic large-diameter fasteners with a long list of sales growth.and forgings, Dyson Corporation, www.rfusa.comlocated in Painesville, OH, USA, Brooks said that he is delightedhas announced its involvement in to be joining the team at Valley Patent Issued for Remote supplying anchor bolt assemblies Forge & Bolt and that the timingfor the Walnut Ridge Wind Project. is great as Valley Forge has the Refill System for Small Parts proven capabilities to innovate The 212-megawatt Walnut Ridge and support the next generation The U.S. Patent and Trade-wind project is located in Bureau of fasteners. The company’s boltedCounty, IL, USA, and spans nearly joint monitoring solutions are being mark Office has issued Patent14,000 acres of farmland. Construc- increasingly sought after in manytion began for the project in early industrial market segments. 9904951 for remote refill, aAugust 2017 and is expected to becompleted by December 1, 2018. www.vfboltscom method and system for small Dyson Corporation recently Andrew Pfeifer joins parts replenishment to helpshipped anchor bolt assemblies for Atotech North Americathe 106 Vestas V110 turbines being peopSlepmoatlniagghe tinovenntNorIyFwSi/thWEST Ex Andrew Pfeifer joined Atotech North America, Rock Hill, SC, USA, a simple means of efficiently as Business Manager, CPT. In his and precisely ordering/replen- iMshicinhgaesml VOaPolrlllttaposIalntairdctnsusi.Is,ntTrrchie.aetliriendveanfttoerr, Wrentham Bo devoting maBonoyth y75e1ars and re- Wrentham Tool P souriVcaoerlyst IJntVoduTssoitomrila,plcPlailnfaysdtitechss’eigsunpbrasoinddc-ure- ducing Cold Hea menptrpodroucceeusnsiq.uWe piltahstifcofcasutesneorsn the for the fastener in truckyanoredupinneajeeidcrt.iioOnnudmrucoasltdtarelyod,gptchaoritnsstatshinyasst tem We produce both is beoiunrgcumrreandt eparatsvaorilavibsilteoutor the tooling used to m from simple nails screws and bolts inventory of tooli tMriRaOl mpiMnossaltuyawemprreiieapnurlsslsey,epco&ation-gpedmoFlfulayoenmsreutaerftraylsciS,stvautuniroapdef rpotIehnusleyr-d.us- worldwide. Wren prewciswiown .pimlasftsicufpapstleyn.cerosm. the reputation for the most depen mance in the indu manufacture TO TORQ-SET®,PHIL ACR® ribbed PH PHILLIPS II®, MO TORX® and QUA Volt Industrial Plastics, Inc. www.wren 700 Hwy.w20w2wW.vo• lYtpelllvaislltei,csA.Rco7m2687, USA Contact: Heidi Volltrauer, COO Toll-Free: +1 800 844 8024 Toll-Free Fax: +1 877 453 8707 Web Site: www.voltplastics.com E-Mail: [email protected] Page 5

BUSINESS & MARKET REPORTMarch 12, 2018 WIFI Announces Speakers for Cleveland Notebook “WIFI is thrilled to host Gail Friedberg the New Jersey Manufacturers Exten- Fastener Fair USA Vice President and co-owner of Zago sion Program (NJMEP) in 2017. Under Educational Sessions Fastener Fair USA, being held Manufacturing Company and Christine Gail's leadership of Zago, and due to April 11 to 12, 2018, Hunt, Wellness Coordinator for Bright- her commitment to continuous improve- in Cleveland, OH, on-Best International, at this year’s ment, Zago was certified ISO9001:2015 USA, will offer fas- Fastener Fair USA Expo and Confer- compliant. In addition, Zago was recog- tener profession- als a strong line-up of education- ence in Cleveland OH, USA,” said Rosa nized as a member of the New Jersey al sessions for them to take back and implement immediately in Hearn, Board Chairwomen for Women Sustainable Business Alliance and is the workplace. Educational highlights include in the Fastener Industry (WIFI). “These committed to having a positive social two pre-show workshops on April 10, 2018: Fastening 101 and women are activists and leaders in their impact on its community. Understanding the Bolted Joint. Educational presentations will be fields and their collective wisdom chal- Christine Hunt, RD, made by Phil Matten, Executive Editor of Fastener+Fixing Maga- lenges us all to make the most of our own LD, is a registered zine; Gavin Brown, Executive Director, Michigan Aerospace lives, talents and experiences—in short, and licensed dietitian Manufacturers Association; Dr. Andrew L. Gyekenyesi, As- to believe in our own power.” with 18 years of ex- sociate Chief Scientist and Re- search Team Manager at Ohio In years prior, attendees have benefited perience in nutrition Aerospace Institute (OAI) and a representative from the NASA from the talent and wisdom of such and wellness. She has Glenn Research Center. A variety of technical training trailblazers as Jennifer Johns Friel, experience in several sessions and marketing and management sessions will be first woman to Chair IFI and President nutrition fields including offered at the event. of Mid-West Fabricating; International pediatrics, disordered Christine With over 200 exhibitors on the show floor, a full agenda of edu- business owner and President, Simmi eating, weight control, Hunt cation sessions and a welcome reception at the Rock and Roll Sakuja of Stelfast Fasteners Inc. and public health, private consulting and Hall of Fame, Fastener Fair USA 2018 will be an ideal meeting many others that have offered attend- corporate wellness. Currently, Hunt is the place for fastener professionals. www.fastenerfair.com/usa ees the chance to have one-on-one Wellness Coordinator for Brighton Best [email protected] conversations with businesswomen and International and Ta Chen International www.nationalmachy.com community leaders and intimate expert employees. exchange sessions offering focused Additionally, Christine consults as a discussion with industry veterans. virtual on-line wellness coach. As a wife Gail Friedberg is Vice and mom of four children, she strives for President and co-owner optimal health, happiness, balance and of Zago Manufacturing, wellness for herself and her family. Hunt which for 25 years has said that she is thrilled that her career manufactured and sold has helped her teach, consult and help sealing fasteners and so many others to achieve their own components in Newark, health and wellness goals. Christine’s NJ, USA. In 2017, Zago presentation will be titled, “Stress in the was named Manufac- Gail Workplace”. www.fastenerwomen.com turer of the Year by Friedberg new role, Pfeifer will be responsible tive member of ASTM F16. www.atotech.com for leading the plating (zinc and Beth Reid is new Manager zinc/nickel), zinc flake and surface at Wrought Washer pretreatment prod- Wrought Washer Manufacturing has announced that Beth Reid has uct lines. With over been promoted to the new position of New Product Development Man- 20 years of experi- ager. Reid has been in the fastener Indus- ence in coatings for try for 21 years. She started with Wrought corrosion protection Washer in early 1997 as Assistant Opera- and fasteners, Pfeifer tions Manager at Beth Reid Frankulin Tool & Die, which Wrought has spent his en- Andrew Washer owned. tire career assisting Pfeifer Upon merging that operation to OEMs, Tiers and applicators extend the Milwaukee Production facility, Reid has been in both Sales and product performance and meet in- dustry environmental requirements. He previously served as Direc- tor, New Business Development at Optimas Solutions and Regional Sales Manager at Wurth Revcar Fasteners. Pfeifer has served on a number of technical committees and associations, and he is an ac-Page 6

BUSINESS & MARKET REPORTEngineering positions, handling General Manager. Alex represents March 12, 2018many of Wrought’s key accounts the fourth generation of Kerr familyplus the Midwest territory. members to participate –reNcentoly tebook in executive manage- Reid’s education as an Industrial ment of the company. 3M has Opening Ceremony Engineer Technician, her years at He is following in the for New Innovation CenterWrought in both sales and engi- footsteps of his great grandfather 3M, St. Paul, MN, USA, hasneering along with her specializing Charles L. Kerr, grandfather Richard opened a new Innovation Cen-in metallurgy made her the ideal W. Kerr and father Charles L. Kerr II.candidate for the position of New ter in Washington, DC,Product Development Manager. Prior to joining the company in USA, at its offices near 2015, Alex worked as a commercial the Capitol to showcase how www.wroughtwasher.com airline pilot flying the Embraer 145 3M science is solving some of for Republic Airlines and received a today’s biggest challenges. ThePromotions & expansion Bachelor Degree in Aerospace Sci- Innovation Center highlightsat Brighton-Best International ences from The University of North solutions for specific customer Dakota. Kerr Lakeside is a family needs and enables convenient Brighton-Best International (BBI) owned and operated business that collaboration with key decisionhas recently promoted Stewart manufactures Hex Socket Screw makers in Washington, DC, andWeese to Ware- products, custom cold formed spe- across the east coast of the USA.house Manager cials and precision screw machinein Tampa. Weese has been with BBI products. Founded in 1948, the At a ceremonial ribbon-cuttingsince 2008. company will be celebrating its 70 and reception attended by gov- year anniversary this year. ernment officials, diplomats BBI also promoted Frank Garza and customers, 3M Chairman,to Texas Regional Warehouse www.kerrlakeside.com President and CEO, Inge Thulin,Manager. Garza has been a part addressed how 3M science andof the sales team and will continue Quarterly Dividends Report... technology improves every life.his growth in his new position. This “The opening of our Innova-challenging new position will allow • Arconic, New York, NY, USA, has de- tion Center in Washington, DC,BBI to use Garza’s sales experience clared (a) a dividend of US$0.06 per share reflects our vision to improvein conjunction with the company’s on the outstanding common stock of the every life through innovation,”customer-focused policies in the company, payable on May 25, 2018, to said Thulin. “Everyone who hasDallas warehouse. the holders of record of the common stock an opportunity to experience at the close of business on May 4, 2018; this center can see the power of BBI also announced the promo- and (b) a dividend of US$93.75 cents per 3M science and how we applytion of Tom Stocking to the position share on Arconic’s US$3.75 cumulative science to life.”of Southwest Regional Manager. preferred stock (Class A Stock) payable onStocking is an industry veteran with April 1, 2018, to the holders of record of the www.3m.comover 20 years of industry experi- Class A Stock at the close of business onence. He will bring his knowledge March 9, 2018. www.arconic.comof the market and passion for hiscustomers to his new role. • ITW, Glenview, IL, USA, has declared a dividend on the company’s common Additionally, Brighton-Best Inter- stock of US$0.78 per share for the firstnational has announced the expan- quarter of 2018. The dividend equates tosion of its Strongsville, OH, USA, US$3.12 per share on a full-year basis.warehouse. The expanded facility The dividend will be paid on April 10, 2018,is approximately 212,000 ft2 and to shareholders of record as of March 30,will house over 35 million pounds 2018. www.itw.comof inventory. • Stanley Black & Decker, New Britain, www.brightonbest.com CT, USA, announced its Board of Direc- tors approved a regular first quarter cashKerr Lakeside promotes dividend of US$0.63 per common share.Alex Kerr to VP & GM This extends the company’s record for the longest consecutive annual and quar- Kerr Lakeside Inc., Euclid, OH, terly dividend payments among industrialUSA, has announced the promotion companies listed on the New York Stockof Alex Kerr to Vice-President and Exchange. The dividend is payable on March 20, 2018, to shareholders of record as of the close of business on March 9, 2018. www.stanleyblackanddecker.com Page 7

EVENTS & OPPORTUNITIESIFE Partners with EFDA to Foreign Trade and the Ministry of March 12, 2018 Subscribe, read or advertise @ www.fastenertech.com/FastenerNewsReport.asp • FREE FTI BUYERS’ GUIDE for all paid subscribersBring European Delegation Economic Affairs (MOEA) are theto the Las Vegas Fastener Show show’s main organizers, with the EVENTSMarch 14 – 18, 2018 Kaohsiung City Government co-   NFDA 50th Anniv., Guanacaste, Costa Rica On the heels of record-breaking organizing, both jointly implement- www.nfda-fastener.orgattendance at its October 2017 ed by the Taiwan External Trade Development Council (TAITRA) April 10 – 12, 2018 show, the Interna- and the Taiwan Industrial Fastener   Taiwan Intl. Fastener Show, Kaohsiung, Taiwan tional Fastener Expo Institute (TIFI). www.FastenerTaiwan.com.tw (IFE) has partnered with Berlin, Germany- With 410 exhibitors occupy- April 11 – 12, 2018 based EFDA (European Fastener ing 1100 booths, this year’s show   Fastener Fair USA, Cleveland, OH, USA Distributor Association) to bring a promises to be the biggest to date.   www.fastenerfair.com/usalarge delegation from 11 different In 2018, for the first time, the confer-European countries to IFE 2018. The ence rooms on the third floor of the April 16 – 20, 2018   EFDA represents 170 European- Kaohsiung Exhibition Center are wire 2018, Düsseldorf, Germany   based innovators with collective being used to provide additional www.mdna.com • www.wire-tradefair.comsales of over €4 billion. EFDA’s space to accommodate the expan-“Securing the Future” documenta- sion. It is anticipated that this year’s April 18 – 21, 2018 tion describes the global fastener show will attract around 2000 inter- Pac-West Conf./50 Years, Scottsdale, AZ, USA industry with great concern. national buyers. www.pac-west.org “Our sector is no longer a simple‘box-shifter’ that can adapt over- The show venue is divided into May 18 – 19, 2018 night to changes in the regula- three main zones: Nuts, Bolts and   Fastener Fair India 2018, New Delhi, India tory environment,” noted Karalynn Screws; Machines, Materials, Molds   www.fastenerfair.com/indiaSprouse, EVP, at IFE 2018 organizer, and Hand Tools; and Cross-Strait.Emerald Expositions, Los Angeles, June 4 – 5, 2018   CA, USA. “EFDA’s participation at There will be a live-streamed, MWFA Fastener Show, Elk Grove Village, IL, USA IFE 2018 will help American inter- international fastener industry sum- www.mwfa.netests understand how Europe has mit meeting, “Focusing on Automo-responded to the fastener indus- tive Components to Develop Global June 5 – 6, 2018 try’s globalization crisis, effectively Markets”, held on the first day of the   NFDA Annual Meeting & Executive managing an increasingly complex show. Leading figures from Euro-   Planning Sessions, Chicago, IL, USA global supply chain shift.” pean and North American fastener   www.nfda-fastener.org IFE 2018 will be held at the Man- industry associations and represen-dalay Bay resort in Las Vegas, NV, tatives of major automotive brands June 20 - 21, 2018   USA, from October 30, 2018 to No- will present their analyses of key Fastener Fair Mexico 2018, Guadalajara, Mexico vember 1, 2018, in conjunction with trends in the global automotive www.fastenerfair.com/mexicothe 70,000 vendors and buyers who fastener industry, while managersgather for the SEMA Show. IFE 2018 from leading Taiwanese fastener August 8 – 11, 2018 will also expand its Global Source manufacturers will present case   Pac-West 2018 Fall Conf., Whitefish, MT, USA area, making IFE a global presen- studies of successfully breaking into www.pac-west.orgtation and marketplace right in the the European and North AmericanUSA, saving attendees on travel automotive fastener market. The September 18 – 21, 2018   time and sales team expense. show will also feature a welcome ICNFT 2018, Bremen, Germany www.fastenershows.com dinner, procurement meetings and www.icnft2018.com human talent matching meetings.Taiwan Fastener Show September 26 – 27, 2018   The Taiwan International Fas- www.FastenerTaiwan.com.tw Fastener Fair Italy 2018, Milan, Italy www.fastenerfairitaly.comtener Show, the third largest exhibi-tion of its kind in the world and the October 21 - 23, 2018   second largest in Asia, will be held International Fastener Show China 2018 at the Kaohsiung Exhibition Center  Shan ghai, China   April 10 to 12, 2018. The Bureau of En.Afastener.comPage 8 October 30, 2018 – November 1, 2018 International Fastener Expo - IFE 2018 Las Vegas, NV, USA www.fastenershows.com October 30 2018 – November 2, 2018   Korea Metal Week 2018, Korea www.korea-metal.com November 28 – 29, 2018   Fastener Fair France, Paris, France www.fastenerfairfrance.com/enlgish June 3 – 5, 2019   FASTENER TECH™ ’19, Rosemont, IL, USA www.fastenertech.com Don't Miss On-Demand Fastener Talk Radio! FTR is talk radio for the fastener industry, featuring guests, commentary and conversation designed to inform and entertain fastener professionals. Available any time in streaming or download formats. Tune in today! Log on to listen to Fully Threaded Radio: www.fullythreaded.com