Double-digit gains driven by continued growth in the commercial aerospace market, including wide body aircraft recovery.
New sales manager has 29 years of fastener industry experience, time with DB Roberts, Emhart Fastening Teknologies, and Fastenal.
Fastenal founder, former state senator, and philanthropist helped create an iconic fastener distribution giant in Winona, MN.
Order includes a rule requiring foreign steel and aluminum material to be processed within North America.
U.S. tariffs on Mexico and Canada will likely increase inflation, which domestic fastener distributors will struggle to pass along.
Fastenal Co. reported fastener sales dropped in January, though the rate of decline improved from December’s sales decrease.
Deal enhances SWD’s service offerings for the metal finishing and fastener sorting sectors.
Full-year Automotive OEM sales slipped 1.5%, while Construction Products sales dropped 6.1%.
The U.S. economy is at “somewhat of an infection point,” Lauren Saidel-Baker told the Metropolitan Fastener Distributors Association.
Aerospace and general industrial growth was offset by automotive market softness in the final quarter of 2024.
Upgrade includes a revised logo, updated brand colors, and refined messaging for the fastener distributor.
Threaded fastener and industrial supply distributor opened a new 25,000 sq ft distribution center - its third.
