Niche fastener distributor started in 1980 when founders John and Barbara White began selling standard nuts and bolts out of their garage in Royal Oak, MI.
Founded by Larry Berman, Utica, MI-based MNP employs approximately 1,000 people across five facilities in Michigan and Illinois.
Schuster was a retired manufacturers rep and former president of the Metropolitan Fastener Distributors Association.
Fastener Distributor Index found pricing continued to climb as tariffs on steel and goods from China take hold, according to R.W. Baird analyst David Manthey (CFA) with Quinn Fredrickson (CFA).
Thirty-five year veteran of the packaging industry succeeds Thomas Amato.
May results accelerate the company’s fastener revenue recovery that began in November 2024.
Titanium fasteners will utilize IperionX’s patented titanium production and advanced forging technologies at its facility in Halifax County, Virginia.
U.S. President Donald Trump doubled tariffs on steel and aluminum imports to 50%, claiming to “further secure the steel industry in the United States.”
Led by founder/president Sheri Chaffin, AIReps is a certified ISO9001:2015 + AS9100D + AS9210 company and a Boeing Silver Supplier.
Scottsdale, AZ-based Desert Distribution covers Arizona, California, Colorado, New Mexico, Nevada and Utah.
Appeals court decision allows tariffs to remain in place until the Trump administration's appeal is decided.
Fastener exports to the U.S. accounted for nearly half of the total volume during the first four months of 2025, with volume edging up 0.52% to 195,000 metric tons.
