NORTH AMERICAN NEWS
OEMs continue to drive Fastenal sales
Fastenal Co reported sales grew 9.8% to US$286.6 million (218.7 million euros) in April, with daily sales gaining 4.8% to US$13,028.
D O
uring the month, manufacturing customers grew 5.1% and non-residential construction customers grew 0.4%. The company opened no new stores last month; it opened four the same month 2012. The company has opened a total of 11 new stores in 2013, down from the 32 it opened in the first four months of the previous year. Fastenal’s total head count increased marginally to 13,280 in April. Non-store selling personnel grew 13.3%
to 1,185, while administrative personnel increased 7.7% to 852, manufacturing personnel rose 4.2% to 567, and distribution personnel rose 0.8% to 1,846.
Emerald Steel Processing sold to Shannon Precision Fasteners
Founded in 2001 by Chuck O’Brien and Linda O’Brien, Emerald provided steel processing for cold heading.
’Brien died in 2007 at the age of 66 and the company was sold by Linda O’Brien. He had been president of Ring Screw Works in Madison Heights, MI, before selling the company to
Textron Inc in 1998. Chuck O’Brien was the 1991-92 chairman of the Industrial Fasteners Institute. Shannon Precision Fastener was formed in 2004 and manufactures bolts, cap screws, studs and washers for power trains, chassis parts and seat belts - using five die progressive cold formers. Shannon earlier acquired Detroit Heading LLC and consolidated production to Shannon’s facility. Both companies are located in Madison Heights, Michigan.
STAFDA 2013 topics announced
The Specialty Tools & Fasteners Distributors Association will offer conference topics during its 37th held 11th – 13th
November at the Mandalay Bay in Las Vegas.
‘Leadership isn’t for cowards.’ Economist Alan Beaulieu, president of the Institute for Trend Research, will give an economic forecast with
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information on which markets are performing better for STAFDA members. Earth, Wind & Fire will perform for STAFDA members at the opening reception.
Fastener + Fixing Magazine • Issue 81 May 2013
peakers and topics include: Ryan Barradas, Wealthpoint LLC, ‘Succession or exit?’; Dr Marianne Jennings, ‘Practical practices for avoiding legal pitfalls’; Sales Coach Jack Daley, ‘Company culture by design or default?’; Dr Dan McQuiston, Butler University marketing professor, ‘Roaring out of the recession’; Purchasing Manual author Jon Schreibfeder, “Effective purchasing & inventory management’; and Staver Group CEO Mike Staver,
annual convention to be
Stanley Black & Decker reports ‘flat’
fastener revenue Stanley Black & Decker reported net sales in its industrial segment, including fasteners, rose 5% to US$695.4 million (530.7 million euros). Unit volumes fell approximately 1%, currency was down 1% and acquisitions added 7%.
E
ngineered fastening was relatively flat on an organic basis, outpacing global light vehicle production, which retracted 4%. Fastening organic revenues in Europe rose 2% as
continued growth in automotive, due to increased platform
penetration, more than offset weakness in automotive production rates as well as industrial fasteners. “The integration of Infastech, which closed in late February, is progressing well and is still expected to yield US$0.20 of accretion on a full year basis,” the company stated. Overall industrial segment profit declined 30% to US$85.5 million.
Excluding charges it fell to 14.1% versus the record 1Q’12 rate of 18.9% - due to investments in organic growth initiatives and lower volumes in IAR Europe.
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