Gross margin in North America decreased due to tariffs on certain imported fastener and anchor products, as well as higher factory and overhead and labor costs.
Founded in 1969, Würth Industry USA supplies automotive chemicals, fasteners, hand tools and electrical supplies.
Inventory at Greensboro, NC-based Atlantic Fastener includes anchor bolts manufactured to customer drawings, domestic hex head bolts with various coatings, and hard-to-find specialty fasteners.
Fastener industry veteran who will manage Northeast sales joined Elmhurst, NY-based Birmingham Fastener in 2021.
New manager has worked for PCI Pharma Services, Lowe’s Companies, and Pinnacle Logistics.
The Americas recorded strong growth of 9.3% during the year, while sales in Europe declined 1.9% and Middle East / Africa sales climbed 12.9%.
Steel industry veteran “brings strong insight into the Nordic infrastructure market and extensive experience in the sales of fasteners.”
Sweden-based fastener manufacturer to shutter its factory in Streetsboro, OH, consolidating production into its European operations.
“This opportunity reflects a lot of learning, problem-solving, and support from great people around me,” new manager stated.
Fastener Distributor Index moderation in January across sales and supplier deliveries, while the Forward-Looking Indicator improved on higher employment and lower customer inventory.
Grandson of a founding member, new executive holds a Master of Business Administration and is certified in Toyota Lean Management and General Motors Total Quality Management.
Volt Industrial Plastics founder emigrated from Yugoslavia to the U.S. when he was 14.
