Fastener News Report August 14 2017 Full Flip Book

August 14, 2017 Subscribe, read or advertise @ www.fastenertech.com/FastenerNewsReport.asp • FREE FTI BUYERS’ GUIDE for all paid subscribers
Volume 3, Issue 8

INSIDE THIS ISSUE

General Fasteners Company Turns 65............2

Pac-West Seminar in Vegas.............................2

Amazon’s Sights Include Fastener Industry “Middlemen” INDEX Fixing’s Color Lacquering Service.........2
G.L. Huyett: New Cotter Pins & Wire Forms.....3

According to an CNBC.com news report by Bob Pisani, the Amazon “The Lightweight Forging Initiative” Phase III...4
Buckeye Fasteners Expands Weld Line........... 4
juggernaut has set its sights on its next victim: the middleman. First it was New CEO at Motor City Industrial.....................4
Amazon killing the retailers. Then it was Amazon disrupting Dyson Launches New Website.........................5

appliances. Now there is a broader concern as Amazon bisco Relocates Toronto Facility........................5

has the potential to disrupt the middleman in general, particularly those Fastener Distributor Index: 55.1 in July............6
that work in the US$7 trillion business-to-business (B2B) space. CNBC says, BECK’s New Website for Wooden Nails...........6
Anderson Manufacturing Acquired.................6
”If you don’t make what you sell, don’t have actual intellectual property or “Carmen Würth Forum” Inaugurated.............. 7

solve a pain point for a customer, then you’re just a middleman, and you Gripple Opens New Factory............................. 7

are increasingly more vulnerable. The concern is that these middlemen will Sales, Net Income & Dividends........................ 7
start losing volume because sales in general are going to the Internet and Gilchrist Foundation Awards Scholarships.....8
because it’s increasingly difficult to get pricing.” According to Amazon’s latest New EJOT Production Hall Opening................8

earnings release: “Amazon Business now serves more than one million Presented by:
business customers in the U.S., offering business-only discounted pricing

on millions of items and access to more than 85,000 business sellers.” Initial Publications, Inc.
1741 Akron Peninsula Rd,
In 2005, Amazon bought SmallParts.com, which in 2012 was renamed Akron, OH 44313 USA
Amazon Supply with the idea of supplying industrial and commercial cus-
tomers. In 2015, it was rebranded Amazon Business with the larger goal of Tl: +1 330 864 2122 • Fx: +1 330 864 5298
being a supplier to the entire B2B community, which encompasses much www.fastenertech.com

more than just the industrial space. Today Amazon Business Chip Lippincott Publisher
has 300,000 registered corporate buyers and has surpassed Mike McNulty VP & Editor
US$1 billion in sales. This is a serious issue already affecting Jim Masar Senior Editor
Tom Hutchinson Global Sales Manager

a specific Acmlasesricoaf ,mfiridmdslelimkeeWn—.Win. dGursatirniagledrisatnridbuFtaosrtsewnahlo, wsehlilcshchreawves,bpeuemn pprso, ffiSataspbteloentefolrsrigmahnadntyooythneearNrspIsaFerStrsv/infoWgr EST Ex
industrial

the B2B industrial community.

But that is now changing as Goldman Sachs recently put out a note to clients titled, “Distributors Disrupted”

claiming that “the value proposition of the industrial distributor is not keeping pace as neVwolet Inntrdaunsttsrilaikl e AmazonWrentham
billion of industrial distribuPtolarsTtAicMs I[ntoc.tal address-
are disrupting traditional models. As a result, we see US$130 like Grainger, whichVoslet IlnlsduinstBdroiauoltsPhtlr7ai5sat1ilcsa’ snudbsisde- curity Bo
able market] on the line.” It has a sell rating on companies
Wrentham Tool

ducing Cold Hea

supplies like lighting and electrical products and power and hand tools, becauseiaorfythJVeiTrosoul, sccanepdteisbigilnityantod price for the fastener in
competition and lower margins. Grainger is already familiar with the Amazon efapfnreodcditun.cjeeItcustinoeinqaumeronpllidanesgdticspfaadrsttesentchelarinst ed in We produce bot
tooling used to m
from simple nail
the first quarter because it has had to make price cuts to compete with cheaperyocuonmeepde. Otiutor rcsataolong tchonetaIinnsternet,screws and bolt
our current parts or visit our inventory of tool
mainly Amazon. www.cnbc.com materials page for a list of the worldwide. Wre

USITC to Review Steel Nails from United Arab Emirates polymers, co-polymers, and res- the reputation fo
ins we use to manufacture our the most depen
mance in the ind
fivep-reyceisaiornrpelavsiteicwfasctoennecrse. rning
The U.S. International Trade Commission (USITC) has voted to expedite its the manufacture TO
TORQ-SET®,PHI
antidumping duty order on certain steel nails from the United Arab Emirates.
ACR® ribbed PH

As a result, the Commission will determine whether or not revocation of the PHILLIPS II®, M
TORX® and QUA

order would be likely to lead to continuation or recurrence of material injury

within a reasonably foreseeable time. The USITC requests that interested

parties file with the Commission responses that discuss the likely effects of Volt Industrial Plastics, Inc.

revoking the order under review and provide other pertinent information. 700 Hwy.w20w2wW.v•olYtepllvaislltei,csA.Rco7m2687, USA www.wre
If the responses to the USITC’s notice of institution are adequate, or if other Contact: Heidi Volltrauer, COO
Toll-Free: +1 800 844 8024
circumstances warrant a full review, the Commission will then conduct a Toll-Free Fax: +1 877 453 8707
full review. www.usitc.gov
Web Site: www.voltplastics.com
E-Mail: [email protected]

Page 1

BUSINESS & MARKET REPORT

August 14, 2017 Pac-West Seminar in Vegas & On-Line Sales Training

Notebook Dr. Christopher Thornberg, Found- real-estate markets, employment/
ing Partner of Beacon Econom- unemployment, consumer spend-
General Fasteners Turns 65 ics and Director of
In 1952, Jerome Grossman the UC Riverside ing, bankruptcies,
and Simon Diamond School of Business business activity,
started a small business Center for Economic Forecasting, personal income,
in their garage, named will present a comprehensive forecast international trade and GDP growth.
General Fasteners Company for the USA economy at the Pac-West Pac-West, Los Alamitos, CA, USA,
(GFC), Livonia, MI, USA, founded Vegas Show Seminar, on Tuesday, has also partnered with Dave Kahle’s
on values to serve customers October 17, 2017, from 12:30 PM to Sales Training Resource Center to
through hard work and dedica- 2:30 PM at the Las Vegas Conven- offer on-line, on-demand distribution
tion to ensure they receive the tion Center. sales training webinars. You can take
right parts, in the right quantity, Attendees can participate in a frank your sales force to a higher level with
at the right time, every time. discussion of the economic uncertainty customized on-line sales training
Now, 65 years and hundreds of surrounding the surprise election of programs. Content ranges from basic
customers later, GFC still holds Donald Trump to the Presidency and sales competencies to sophisticated
these values to be true and is the potential economic/fiscal effects practices of the best, and even in-
positioned for growth. The corpo- of some of his policy proposals and cludes sales management practices.
rate image has been re-branded campaign promises. In these turbulent There is content for newly hired sales
with a new website highlighting times, participants will gain insight into people, established veterans, Sales
the many offerings the company the direction the economy will take Managers, Chief Sales Officers and
provides to its customers in the over the near and long-term future. business owners
industrial, medical, automotive, Dr. Thornberg will present a thorough With more than 400 courses to choose
heavy truck and military markets. analysis of key economic indicators from, you will get the specific training
such as commercial and residential you need. Prices start at US$24.00.
www.genfast.com www.pac-west.org

INDEX Fixing Systems Offers Pearson Fastener certified Pinheiro will also serve as a
Color Lacquering Service to IATF 16949:2016 resource for the implementations
INDEX Fixing Systems now of- of third-party quality registrations,
fers a high-quality service of color Pearson Fastener, Rockford, IL, most importantly efforts to imple-
lacquering for a wide range of USA, has achieved IATF16949:2016 ment IATF16949, one of the auto-
screws, lacquered completely or First Edition Certification motive industry’s international stan-
only on the screw head. from the International Au- dards for quality management. He
The lacquered screws are ideal tomotive Task Force (IATF) also will become involved with all
for installations where custom- as a supplier of high- forms of third-party compliance re-
ized screw color is essential such quality custom fasteners to automo- quests and will lead the company’s
as facades, garden fences, etc. tive manufacturers. ITAF 16949:2016 Quality Metrics and Measurement
First Edition Certification defines the and Global Sustainability Initiative.
Over 20 colors (RAL) available. requirements of quality manage-
www.indexfix.com ment systems for organizations in www.pemnet.com
the automotive supply chain.
Phone 330-467-0102 ~ Cell 216-338-8485 ~ KAMAX goes to India
Fax 330-467-0108 ~ Email: [email protected] www.pearsonfastener.com In the course of its global expan-

www.jackieventura.com Rocky Pinheiro joins sion, KAMAX has con-
PennEngineering® as VP stituted a legal entity
with a Sales office in Bangalore,
Rocky Pinheiro has joined Penn-
Engineering®, Danboro, PA, USA, as

Global Vice President
of Quality. He will be
responsible for driving enterprise-
wide quality systems improvement,
excellence and evolution, and will
function as a corporate source mat-
ter expert with PennEngineering’s
established quality teams in each
plant and selling organization.

Page 2

BUSINESS & MARKET REPORT

India. The opening ceremony on 37 years of service with Grainger August 14, 2017
July 17, 2017, was attended by one including eight years as CEO,”
of the Directors, Vijay Kumar, and said Levenick. “Jim’s leadership Notebook
Mario Braun (Group VP Product established an industry foothold
Management) as well as J. Carlos in IT and eCommerce capabilities G.L. Huyett Introduces
Mena Ivars (Managing Director as well as the development of Heritage Industrial™
Finance in Museros), who will be an industry-leading supply chain Cotter Pins & Wire Forms
supporting the subsidiary relative all with a commitment to helping G.L. Huyett, Minneapolis, MN,
to sales activities and structural teammates prosper. Under Jim’s USA, has introduced its new
requirements. leadership, Grainger consistently lines of high-quality, attractively
delivered top quarterly shareholder priced, Cotter Pins, Hammerlock
“KAMAX Automotive India Private return and industry-leading market Cotter Pins, Bridge Pins and
Ltd. allows us to now keep closer share growth.” Hair Pins to its growing Heritage
contact with our customers in the Industrial™ product line. These
fast-growing Indian market,“ said pressroom.grainger.com new Heritage lines come in car-
Kumar who has been working as bon steel, stainless or brass, in a
Sales consultant for KAMAX since Falcon Fastening offers Actylus™ full size range with RoHS/REACH-
2015. Thanks to his collaboration, compliant trivalent zinc plating
turnover in the Indian market has In response to popular demand, or plain black phosphate finish.
more than doubled in the last two Falcon Fastening Solutions® , Char- Huyett has sourced and over-
years. The aim of this sales office lotte, NC, USA, offers the compact seen production of pins of ex-
is to continue this positive growth. Actylus™ smart bin benchtop ceptional quality and user safety.
series. Actylus is a product of Apex
KAMAX’s newest customer in this Supply Chain Technologies®. The Tim O’Keeffe, G.L. Huyett’s CEO,
region is Maruti Suzuki, the biggest cloud-based Actylus is an intelligent said, “We studied the market
light vehicle manufacturer of India. Kanban system carefully and found that much
that eliminates of the currently available prod-
www.kamax.com manual count- uct does not possess the quality
ing, cards, la- needed to ensure safe installa-
DG Macpherson to replace Jim bels, flags, safety stock and emer- tion and use. A sharp burr on the
Ryan as Grainger Chairman gency orders. The result is zero end can scratch mating parts,
downtime, improved productivity and workers installing these pins
Stu Levenick, Lead Director of the and better efficiency. can cut their fingers on the burrs.”
Board for Grainger,
Chicago, IL, USA, has The new bench-top series in- www.huyett.com
creases the use cases for the
announced that upon the retire- Actylus system. Powered by Trajec- www.fastenercoalition.org
ment of Jim Ryan, Board Chairman, tory Cloud™, a secure business
the Board of Directors has named intelligence platform that integrates
DG Macpherson, Grainger CEO, to and connects to existing systems,
assume the additional role of Chair- the Actylus™ smart bin system
man of the Board, effective October improves productivity, visibility, reli-
1, 2017. Macpherson’s appointment ability and accessibility throughout
to Chairman is part of the succes- a business operation.
sion plan highlighted in August of
last year, when Macpherson was www.falconfastening.com
named CEO.
Rotor Clip expands DIN parts
“We thank Jim for his nearly for the European market

Don't Miss On-Demand Fastener Talk Radio! Rotor Clip Company is expand-
FTR is talk radio for the fastener industry, featuring ing availability of DIN
guests, commentary and conversation designed to standard parts for the
inform and entertain fastener professionals. Available European market through the use of
any time in streaming or download formats. Tune in US PH 15-7 stainless steel. Whereas
previously, wire-formed DIN parts
today! Log on to listen to Fully Threaded Radio: were only available in the DIN
grade of stainless steel, DIN 1.4122,
www.fullythreaded.com

Page 3

BUSINESS & MARKET REPORT

August 14, 2017 Phase III of “The Lightweight Forging Initiative”

Notebook Launched with a Focus on Commercial Vehicles

Buckeye Fasteners Expands In 2013, 24 forging companies and
its Weld Fastener Line
Buckeye Fasteners, Berea, OH, steel manufacturers joined forces in
USA, added Property Class 8.8
and 10.9 weld screws to its “The Lightweight Forging Initiative”,
catalog. Buckeye Fasteners, a
division of Fasteners Industries a cooperation of the Steel Institute

Inc., offers prod- VDEh and the Industrieverband
ucts used in the
automotive, ap- Massivumformung e. V. to demon-
pliance, food services, medical
device, metalworking and fur- strate how forging technology contrib-
niture industries. Buckeye’s new
weld screws offer automotive utes to automotive lightweight design.
customers a broader range of
weld fasteners. In July 2017, “The Lightweight Forg-
www.buckeyefasteners.com
ing Initiative Phase III” was launched. “Reducing the CO2 emissions and
Joe Stephens is New CEO
at Motor City Industrial With immediate effect, a cooperation weight of vehicles is one of the most
Industrial Distribution reports
Motor City Industrial, Hazel of around 40 companies from Europe, important topics for the automotive
Park, MI, USA, has appointed
Fastenal veteran, Joe Stephens, Asia and the USA will devote its efforts industry and thus also for the forging
as the company’s new CEO.
Stephens comes to Motor City to determining the lightweight design companies and steel manufacturers
from his post as distri-
bution operating part- potential of hybrid and heavy com- which supply it. At the same time,
ner at private equity
firm, Oakland Stan- mercial vehicles in terms of the power when producing a forged part many
dard. Before that, he
spent 25 years at Fastenal in- train, chassis and transmission. firms are involved in sequence, lead-
cluding 15 as Regional VP. He
also held VP roles at Fastenal’s The results of the study will be avail- ing to a supplier chain which is very
Mid-Western and New England
business units. Stephens helped able in early summer 2018. long and divided up. This has made
lead the process of Motor City’s
acquisition of EMCO, which joint development efforts essential
doubled the size of Motor City.
for generating more innovation,” said
www.motorcityindustrial.com
Dr. Hans-Willi Raedt, VP Advanced
...Since 1970
Engineering of the Hirschvogel Au-
Forged Industrial Products
Leader in the Eyebolt Industry tomotive Group and Chairman of the

Toll-Free: 888-536-3674 cooperation for the forging partners.
Locally: 440-993-8091 www.massiverLEICHTBAU.de
Fax: 440-992-0360
Rotor Clip Company now offers both NORMA Group raises 2017
www.kenforging.com stamped and wire-formed parts financial year sales forecast
for DIN sizes in PH 15-7. The DIN
equivalent to PH 15-7 is DIN 1.4532. NORMA Group SE, Maintal, Ger-
many, a global leader in
PH 15-7 Mo is an extra-strength engineered joining tech-
corrosion-resistant steel, able to
prevent atmospheric oxidation at nology, increases its sales forecast
up to 900°F. It also offers minimal for the full financial year 2017, on
distortion, high ultimate tensile the basis of preliminary, unaudited
strength and high creep strength. figures for Q2 2017 and expected
group sales until year end. NORMA
www.rotorclip.com now expects organic sales growth
excluding currency and acquisition-
Optimas achieves related effects of around 4% to 7%
VDA 6.2 certification in 2017 compared to the previ-
ous “moderate organic growth of
The Optimas Bredbury, UK facil- around 1 % to 3%”. Organic growth
ity has won VDA 6.2 certification is expected for the EMEA, Americas
in acknowledgement of its high and Asia-Pacific regions.
quality standards and commitment
to continuous improvement. This www.normagroup.com
forms part of a growing network
of Optimas facilities that carry the Doncasters & Rolls Royce
certification in Europe and Asia. As enter framework agreement
a key supplier to prestigious auto-
motive OEMs and tier 1 suppliers, Doncasters Group and Rolls-
this demonstrates Optimas’ com- Royce have agreed
mitment to industry and customers. on base terms and
conditions in the form of a Frame-
www.optimas.com work Agreement, covering the

Page 4

BUSINESS & MARKET REPORT

range of Doncasters Group manu- Bufab BOD resolves to August 14, 2017
facturing sites. This long-term repurchase own shares
contract recognizes the strategic Notebook
role Doncasters Group has within The Board of Directors of Bufab
the production supply chain for AB has resolved, pursuant to the Dyson Corporation
Rolls-Royce. Doncasters supports a Launches New Website
number of existing platforms across authorization granted Dyson Corporation, Painesville,
commercial and military lines with by the annual general OH, USA, a leading manufacturer
parts ranging from castings, forg- meeting held on May 4, 2017, to of large-diameter fasteners and
ings, fabrications, machined com- repurchase the company’s own forgings, has announced the
ponents and assemblies. These are shares on Nasdaq Stockholm. The launch of its redesigned website.
supplied through facilities in the UK, purpose is to hedge Bufab’s future The website, listed below, has a
Europe and the USA depending on delivery of shares to the participants clean and contemporary design
the part configuration and required of Bufab’s long-term call option with several key improvements
manufacturing processes. program, which was resolve by the such as enhanced functionality
2017 general meeting. and navigation and a detailed
The Framework Agreement em- The repurchase commenced in events section as well as en-
bodies the principle of ‘one contract, July 2017 and is being administered riched content.
one supplier’ with Doncasters by Svenska Handelsbanken AB,
Group, which is fully aligned with which is taking trading decisions
Rolls-Royce‘s plan to transform its independently of Bufab with regard
supply chain approach, creating to the timing of the repurchases.
more transparency and agility in Purchases may comprise a
the procurement process. maximum of 350,000 shares and
may take place on one or several
www.doncasters.com occasions prior to the 2018 annual

bisco industries Relocates Toronto,

Ontario, Canada Facility to Larger Quarters
On June 24, 2017, bisco industries
The revamped website also
officially moved its Toronto, Ontario, allows users a one-click ability
for quote requests. This effort-
Canada facility to a new address. lessly connects customers to a
customer service rep for faster
The new location at 1173 North Ser- customer response times.

vice Road West, Unit D6-7 Oakville, Visitors can also stay informed
through the company’s “News
Ontario L6M 7V9, boasts a larger & Insights” page that will fea-
ture company news, technical
warehouse and enhanced sales tips, press releases, magazine
features and newsletters. Also,
facility allowing the bisco team to a “Careers” page was added.

better serve the Toronto community. www.dysoncorp.com

The new space takes the Ontario

footprint from 3700 ft2 to 5400 ft2, house and sales teams as well as our

which is a necessary increase in customers. This is truly a win-win-win

order to accomplish bisco’s goal of for everybody involved.”

stocking more inventory throughout The Toronto, Ontario, Canada facility

North America. is just one of bisco’s seven strategi-

The new facility is less than five miles cally placed stocking warehouses

away from the previous location, and currently bisco’s only Canadian

which bisco occupied for five years. distribution center.

In commenting on the move, bisco Each of bisco industries’ distribution

Northeastern Area Sales Manager, centers are strategically placed in

Kyle Morrison, said, “Due to our order to provide supply partners and
continued success in partnering with customers with optimal shipping op-

local manufacturers, we’ve been look- tions regardless of their location. With

ing to expand our Canadian anchor additional space and a fully equipped

facility for quite some time. This new team, both in the warehouse and on

space gives us the room we need to the sales floor, bisco industries is

grow and adds almost 2000 ft2 to the strongly positioned for a successful

warehouse! I am excited to see how calendar-year-end and beyond.
www.biscoind.com
this positive change benefits our ware-

Page 5

BUSINESS & MARKET REPORT

August 14, 2017

Notebook Fastener Distributor Index (FDI) still strong at 55.1 in July

The FDI dipped slightly again lin July, but re- Listen to Fully Threaded Radio, episode 119 with

mained strong overall coming in at 55.1, after hit- Mike McNulty for further commentary on the FDI:

BECK’s New Website ting 64.6 and 60.8 in May and June, respectively. www.fullythreaded.com

for Wooden Nails The month's Forward-Looking Indicator (FLI) also www.fdisurvey.com

contracted modestly to 62.9, down from 64.0 in www.fastenersclearinghouse.com
www.nfda-fastener.org
Everything you need to know Jun e,
stil
lin*ve
rypositiveterritory.

about the new LignoLoc® Wood-

en Nail system from the BECK

Fastener Group can now be

found at the company’s new

website, listed below, where

you can see wooden fastener

advantages and applications.

The LignoLoc video shows cre- general meeting. The repurchases Paniagua to Dallas Branch Man-
ation of the collated beech nails. will be made at a price within the
registered price interval at any given ager. He brings years
www.beck-lignoloc.com time, which refers to the interval
between the highest buying price of experience with PFC
Anderson Manufacturing and the lowest selling price.
Acquired by Principals at and Brighton-Best to the
Big Shoulders Capital Payment for the repurchased
Family owned for 40 years, shares will be made in cash. Re- position. BBI Dallas is a
custom miniature fastener mak- porting will take place through the
er Anderson Manufactur- stock exchange in accordance with dynamic facility for Brigh- Alfonso
ing, Bristol, WI, USA, has been applicable rules. Paniagua
acquired by the principals of ton Best and Paniagua
Big Shoulders Capital. David www.bufab.com
Muslin and Todd DiBenedetto is ready to take on this challenge.
have purchased Anderson and Brighton-Best promotes
reorganized the management Al Tooke & Alfonso Paniagua Alfonso Paniagua can be reached
team to position the company
for strong growth in the specialty Brighton-Best International (BBI), at [email protected].
and complex cold-formed fas- Long Beach, CA, USA, has promoted
tener business. As an initial step Al Tooke to Regional Man- www.brightonbest.com
in saving 50 company jobs, they ager for the Southeast
have brought back a long-time sales territory. Tooke is an MW Industries
executive, Tim Cash, to lead the industry veteran of over acquires Tri-Star Industries
business as the new President. 15 years and has been Al Tooke
with BBI for many of those. He has MW Industries, Chicago, IL, USA,
www.andersonmfg.com a passion for his customers and the which is a leading provider of
industry. Al Tooke can be reached at highly engineered springs, spe-
Page 6 [email protected]. cialty fasteners, machined
parts and other precision
BBI has also promoted Alfonso components, has recently an-
nounced the acquisition of Tri-Star
Industries, Berlin, CT, USA. Tri-Star
Industries manufactures a full line
of standard and custom designed
threaded inserts as well as a line of
compression limiters in brass, steel,
aluminum and stainless steel for

BUSINESS & MARKET REPORT

Carmen Würth’s Birthday Celebrated with August 14, 2017

the Inauguration of New Carmen Würth Forum –reNcentoly tebook

The inauguration of Carmen Würth The Bavarian Radio Symphony Or- Sheffield, UK Wire Fastener
Forum in Künzelsau-Gaisbach, Ger- Maker, Gripple, Opens
many, was celebrated with a ceremony chestra, under the direction of Man- New £2 Million Factory
on July 18, 2017, the day Carmen fred Honeck and Mozarteumorches- According to local reports, this
Würth, after whom the building is ter Salzburg, performed during the Yorkshire, Sheffield, UK-based
named, turned 80. The building is official opening celebration. manufacturer of wire fasteners
named after Carmen Würth who has has opened its new factory val-
always considered the inclusion of www.wuerth.com ued at £2 million. The new facility
people with intellectual disabilities a provides 7000 ft2 more produc-
matter close to her heart. tion space than was available in
British architect David Chipperfield the company’s original building.
designed the building, which has a After moving into its facility at
surface area of 170,000 m2. The new Riverside Works on Carbrook
Carmen Würth Forum also features the Street, Gripple, has created 15
Great Hall and a chamber music hall, more jobs, and production of
called Reinhold Würth Hall. the company’s products has
Prof. Dr. h. c. mult. Reinhold Würth, increased by more than 10%.
Chairman of the Supervisory Board
of the Würth Group’s Family Trusts,
said, “I wanted to raise a monument
in my wife’s honor. Carmen and I
have been married for 61 years and I
am most grateful for every day spent
with her. It is a great way to keep her
memory alive well beyond our days.”

S ales & Net Income Tab le Income
Company Sales %∆ (Loss) %∆

Anixter International 2001  2    40  93 The business is now capable of
turning out 55 million Gripple
Arconic Inc. 3261  1   212  57 wire fasteners annually to be
sold across Europe, the USA and
Bossard Group 197* 14    45*   45 Australia alone. Gripple has also
invested in 400 solar panels to
Bufab Group 823**   8    54**   -9 heat water drawn from the river
Don and has created a green
Bulten AB 708**  3    39**   0 wall of plants and a fish tank.
Master cutler, Richard Edwards,
Grainger 2615  2   107 -40 said, “I’ve seen Gripple develop
over the last 20 years and am in
Illinois Tool Works 3599  4   587  12 awe of the team that has grown
the company through product
Lawson Products   75  8     7     4128 development and innovation.”

MSC Industrial Supply  744  2    63   -3 www.gripple.com

Latest Quarterly Sales/Net Income shown in US$ millions, except where noted: *millions of Swiss Page 7
Francs, **millions of Swedish Kronas; % ∆ is relative to 2016 quarterly data.

plastic applications. Quarterly Dividends Report...
Tri-Star Industries also manufac-
• Arconic, New York, NY, USA, has declared
tures high-volume screw machine a dividend of US$0.06/share on common
products as well as CNC Swiss stock, payable on Aug. 25, 2017, to hold-
precision turned components. ers of record at close of business on Aug.
4, 2017; (b) a dividend of US$93.75/share
Additionally, the company has on Class A Stock, payable on Oct. 1, 2017,
machining capabilities to produce to holders of record at close of business
metal parts and components with on Sept. 8, 2017; and (c) a dividend of
complex designs, tight tolerances, US$6.71875 per share on Class B Stock, pay-
unique features and high-quality able on Oct. 1, 2017, to holders of record at
surface finishes. close of business on Sept. 15, 2017.
www.arconic.com
MW has completed a number of • Park-Ohio Holdings Corp., Cleveland, OH,
acquisitions to strengthen its prod- USA, has declared a quarterly cash dividend
uct offerings and customer base of US$0.125/share on common stock, to be
and is currently evaluating a strong payable on Aug. 25, 2017, to shareholders
pipeline of possible transactions. of record at close of business on Aug. 11,
2017. www.pkoh.com
www.mw-ind.com • W.W. Grainger, Inc., Chicago, IL, USA,
declared a cash dividend of US$1.28/share
payable on Sept. 1, 2017, to shareholders of
record on Aug. 14, 2017.
pressroom.grainger.com

EVENTS & OPPORTUNITIES

Gilchrist Foundation Register Now for MWFA’s August 14, 2017 Subscribe, read or advertise @ www.fastenertech.com/FastenerNewsReport.asp • FREE FTI BUYERS’ GUIDE for all paid subscribers
Awards Scholarships 37th Annual Fastener Show
EVENTS
The Gilchrist Foundation has The Mid-West Fastener Asso-
awarded four scholarships from ciation (MWFA) will hold its 37th An- August 23 – 26, 2017
the 2017 applicants. They are (along nual MWFA Fastener Show, June 4 Pac-West Fall Conference
with their sponsoring companies): to 5, 2018, at Belvedere Banquets, Whistler, British Columbia, Canada
• Abigail Paskey of Elk Grove Village, IL, USA. Show www.pac-west.org
set-up time will be from 10 AM to
Ken Forging, via the SEFA 12 noon and show hours will then September 19 – 21, 2017
• Madelyn Prodoehl of be from 1 PM to 6 PM. The Fastener Fastener Special Show at
Bash is from 6 PM to 8 PM. You can wire Southeast Asia 2017
Valley Fastener Group Inc. register now for the show at the Bangkok, Thailand
• Courtney Hayman of website below. www.wire-southeastasia.com

EMCO Engineered Inc. www.mwfa.net September 26 – 27, 2017
And the final award will be given Fastener Fair Italy
to an applicant from the Mid-West NFDA/YFP Leadership Academy Milan, Italy
Fastener Association when the as- The National Fastener Distribu- www.fastenerfairitaly.com
sociation meets in November, 2017.
www.gilchristfoundation.com tors Association (NFDA) and Young October 17 – 19, 2017
Fastener Professionals (YFP) are National Industrial Fastener
WAFIOS Open House & partnering to foster future industry & Mill Supply Expo, Las Vegas, NV, USA
Technology Symposium 2017 leaders. The NFDA/YFP Leadership www.fastenershows.com
Academy takes place November 2
WAFIOS Machinery Corpora- to 3, 2017, at the Crowne Plaza Chi- October 24 – 26, 2017
tion, Branford, CT, USA, hosts its cago O’Hare Hotel and Confer- Expo F 2017, Panama City, Panama
second annual Fastener Open ence Center in Rosemont, IL, USA. www.expo-f.com
House & Technology Symposium
at the WAFIOS Midwest Technical www.nfda-fastener.org October 24 – 27, 2017
Center, September 12 to 13, 2017. Korea Metal Week 2017,
www.youngfastenerprofessionals.com Kintex, S. Korea
Join the company to learn about www.korea-metal.com
the newest innovations in cold form- Ribbon Cutting at New
ing and thread rolling machines EJOT Production Hall March 1 – 3, 2018
from WAFIOS Umformtechnik and Fastener Fair Turkey 2018
EWMenn. The companies will share July 8, 2017 was the official inau- Istanbul, Turkey
their expertise and innovative tech- guration day of the new EJOT Group www.fastenerfairturkey.com
nologies via an interactive forum production hall 4.0 at Herrenwiese
and hands-on machine demon- in Bad Berleburg, Germany. March 14 – 18, 2018
strations, joined by several partner NFDA 50th Anniversary
companies to demonstrate efficient The new production hall is de- Guanacaste, Costa Rica
processes and advanced products signed to manufacture products, www.nfda-fastener.org
related to fastener production. that are as perfect as possible in
an effective and economical way. March 15 – 19, 2018
www.wafios.us The decision for the new building Fastener Fair Turkey 2018
as well as the machine allocation, Istanbul, Turkey
Expanded Floor Space for is closely linked to the success of the www.fastenerfairturkey.com
Fastener Fair USA in 2018 EJOFORM® product family, which is
an important building block of the April 11 – 12, 2018
Show organizer, Mack Brooks EJOT product portfolio. Fastener Fair USA
Exhibitions presents the first Fasten- Cleveland, OH, USA
er Fair USA, taking place www.ejot.com www.fastenerfair.com/usa
April 11 to 12, 2018, at the May 18 – 17, 2018
Huntington Convention Fastener Fair India 2018
Center in Cleveland, OH, USA. And New Delhi, India
due to strong exhibit sales, Mack www.fastenerfair.com/india
Brooks has expanded floor space
from 25,000 ft2 net to 40,000 ft2 net. June 4 – 5, 2018
MWFA Annual Fastener Show
www.fastenerfair.com/usa Elk Grove Village, IL, USA
www.mwfa.net
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June 20 - 21, 2018
Fastener Fair Mexico 2018
Guadalajara, Mexico
www.fastenerfair.com/mexico