9/7/2010
HEADLINES
Lucas and McGuire Start Importing Service
Rob Lucas, the new sole owner of Hong Kong-based Fidelis Fasteners Ltd., announced the launch of sibling company Global Fastener Network LLC.
Lucas and National Industrial Fastener Shows co-owner Mike McGuire are each listed as a “member” of the new company. The Arizona corporation’s official address is 27081 N. 96thWay, Scottsdale, AZ 85262-8441, the same address as McGuire’s American Fastener Journal.No other shareholders are listed.
“GFN is a distributor-only model and will ‘pull’ an aggregate of high-volume, commodity fasteners for procurement overseas by its members,” Lucas stated in a letter posted on the Fidelis website. “Every other month, as driven by the input of its members, GFN will negotiate with this aggregate demand to secure the best cost for the agreed-upon commodity with overseas vendors.”
Other benefits for network members include large-volume rate freight costs and a yearly rebate program “based on a tiered percentage as well as on each individual member’s participation in the program,” Lucas stated.
Lucas is scheduled to give a program titled “How to Work with Asia While Reducing Your Risk,” on the show floor of the upcoming NIFS/West show in Las Vegas. Topics include how to find and qualify sources, market trends and steel costs/forecasts.
Fidelis Fasteners also sponsored a seminar at the 2010 NIFS/East in Columbus.
Lucas became sole owner of the Fidelis Fasteners on August 1, 2010.
Reached by phone on Aug. 4, Lucas confirmed to GlobalFastenerNews.com that he had bought out all former investors, including co-founder Larry Thomas, for an undisclosed sum.
In the coming months Fidelis plans to open a new warehouse in the Chicago area to provide more flexible inventory management.
Lucas joined Fidelis in October 2008 after serving as vice president of mill, engineering & technical services at Heads & Threads International.
Fidelis provides importing services for industrial and master distributors within the North American fastener industry. Web: fidelisfasteners.com ©2010 GlobalFastenerNews.com
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