Persistently weak global economic situation, particularly in manufacturing, had a major impact sales in 2024.
“These promotions reflect BBI’s commitment to growth and specialization within our key divisions,” stated PR Director Rosa Hearn.
Executive is the former CEO of Summit Electric Supply, and has also served as CEO of the Industrial Supply Association.
“Overall sentiment among participants leans cautiously optimistic heading into 2025, although some caution persists due to ongoing macroeconomic/inflation/rate uncertainties.”
“We’re excited to grow our presence in West Texas,” stated Birmingham Fastener CEO Brad Tinney.
Since December 2022, Holden Lewis has served as Fastenal’s SEVP and CFO.
“Canada is an important market for us and we recognized we would need additional resources and infrastructure in Canada for it to reach its full potential,” stated AFC Industries CEO Kevin Godin.
Deal expands Bossard’s market presence and customer service in Germany and Eastern Europe in combination with Bossard Germany.
A Foreign Trade Zone (FTZ) within the facility will help the fastener distributor navigate the increasingly complex environment of import tariffs and duties.
R&S Industrial Supplies acquired fellow Oregon fastener distributor SASCO, expanding its reach to Medford.
“My focus will be on protecting PEM ’s legacy while advancing our vision for a future of sustainable success,” the new PennEngineering Europe managing director stated.
Thousands of electric-powered F-150 Lightning pickups may have an improperly torqued nut on the ball joint securing front upper control arm to knuckle assembly.
