4/7/2014 1:35:00 AM
HEADLINES
SHORTTAKES: Arnold Supply, Bossard, DMB Supply, Elgin Fastener Group, Fastenal, Field Fastener, Indiana Automotive Fasteners, SC Fastening Systems, Sherex, and Simpson Strong-Tie

Arnold Supply Inc. announced it is now stocking Holo-Krome fasteners. 

Holo-Krome has been manufacturing socket screws in the U.S. since 1929. Products include socket screws, dowel pins, socket jam screws, socket pipe plugs and allen nuts.  Holo-Krome fasteners are made in the U.S. from USA materials. Holo-Krome produces parts to print, exotic materials, bolts, tapping and thread rolling screws and special drives, such as Torx.

Holo-Krome was acquired by Fastenal in 2010 and moved from West Hartford, CT, to 61 Barnes Industrial Park North, Wallingford, CT 06492. Tel: 800 879-6205 Fax 203 284-7052 Web: Holo-Krome.com

Arnold Supply has a 50,000 sq ft office/warehouse facility to stock 300,000 different fasteners and is located at 67 S. Turnpike Rd., Wallingford, CT 06492. Tel: 203 265-7168 Fax 203 265-1032 Email: sales@aronoldsupplyinc.com Web: arnoldsupplyinc.com 

Bossard Group extended its collaboration with PennEngineering to markets of Italy, Sweden and Denmark, Fastener + Fixing Magazine reports.

For years the Bossard and PEM collaboration has extended into 16 countries — mostly in Asia.

Bossard strengthened its market presence in Europe at the end of 2012 with the takeover of KVT-Fastening. 

By pushing into the markets of Italy, Sweden and Denmark, Bossard becomes the biggest European distributor of PEM products. 

PennEngineering operates fastener manufacturing facilities and sales offices in North America, Europe and Asia, and has a worldwide network of engineering representatives and distributors. PennEngineering is headquartered at 190 Old Easton Rd., Danboro, PA 18916.  Tel: 215 766-8853 Web: pemnet.com 

Zug, Switzerland-based Bossard employs more than 1,800 people in over 60 worldwide locations. Web: bossard.com

 

DMB Supply Inc. is opening a warehouse/distribution branch in Hampton, Iowa. DMB supplies businesses in Franklin County, about 95 miles north of Des Moines. DMB will hire seven for the branch.

Founded as Des Moines Bolt in 1978, DMB Supply distributes industrial and commercial fasteners.  It also has branches in Hiawatha/Cedar Rapids, Pella and Rock Valley, IA and Lincoln, NE, and is headquartered at 2300 Delaware Ave., Des Moines, IA 50317-3527. Tel: 515 265-7581 Web: dmbolt.com

 

Joe Hertz retired as Elgin Fastener Group director of sales on March 28, 2014, after 37 years in the fastener industry.

EFG is a portfolio company of Audax Group, and is headquartered at 4 South Park Ave., Suite 203, Box 5, Batesville, IN 47006. Tel: 812 689-8917 Email: quotes@elginfasteners.com Web: elginfasteners.com

 

Minnesota Gov. Mark Dayton presented the 2013 Governor’s International Trade Award to Fastenal Co.

Winona, MN-based Fastenal has presence in 25 countries and all 50 U.S. states.

The governor’s office said each of nine companies recognized for the award were “selected for developing and continuing to grow a significant part of their business in foreign markets, for increasing or maintaining jobs in Minnesota to support international sales, and for developing novel approaches for competing globally.”

Ironically, Fastenal’s executive vice president of international sales Steve Rucinski did not attend the awards ceremony at the Minnesota capitol because he was at a Fastenal opening in South Africa.

“It’s a confirmation that we are doing the right things,” Rucinski told the Winona Post. “This award is a reaffirmation that we’re taking the best of Minnesota and exporting it to the world.”

Rucinski said Fastenal continues “to assess new countries and draw new opportunities every year.”  He said Fastenal will continue to expand internationally, but doesn’t “have an ‘x’ number of countries — it’s a dynamic list.”

Founded in 1967 by Bob Kierlin of Winona, Fastenal is a fastener, industrial and construction supplier.  Fastenal has 2,600+ store locations and 10,000+ employees and is headquartered a 2001 Theurer Blvd., Winona, MN 55987. Tel: 507 454-5374 Web: fastenal.com

 

Jim Derry is the new president of Field Fastener, succeeding Bill Derry, who assumed the role of chairman.  

Bill Derry will be involved with strategic initiatives and work with the Field team to achieve industry leading sales growth. 

“We have been planning this transition for almost two years and are excited about Jim taking over as president.” Bill Derry said. “He brings passion, leadership, knowledge and commitment to our core values and to this role and is ready to take Field to $100 million in profitable sales and beyond.” 

Derry Enterprises Inc. acquired Field Fastener in 1990 from Dick Field.  

Both brothers have been president of the National Fastener Distributors Association – Bill for 1997-98 and Jim 2010-2011.

Jim Derry is a six sigma black belt and believes strongly in the utilization of technology and lean principles to drive efficiency and continuous improvement.  Jim will focus his efforts on scaling the business to ensure we meet the needs of our global customer base and have the team, supply base, and infrastructure in place to sustain high growth.  

“Being a part of the Field Team for the past 24 years has been an amazing journey,” Jim Derry reflected.  “We started in a very humble setting and have developed a global presence by helping our customers reduce costs.” 

Field has averaged 20% annual growth each year and was recently recognized by Inc. Magazine as one of the fastest growing private companies in the U.S. for the 3rd year in a row. 

Field will continue to be cost effective in fastener distribution by providing engineering solutions and VMI replenishment systems.  

“It has been a blessing to work with my brother, business partner, mentor and friend, Bill, for the past 24 years,” Jim Derry said.  “Words can’t express my appreciation for his dedicated leadership and strategic vision for Field.  We have a great team in place that is committed to our vision, mission and core values.  Our culture creates an environment that encourages our team to do whatever is necessary to take care of our customers.”

Jim Derry has a mechanical engineering degree from the University of Illinois. He was  two-time NFDA board member and on the Information & Technology Committee. 

Field is a technically-oriented, global provider of inventory management and supply chain solutions for fasteners and other Class “C” items. Field serves over 900 customers worldwide and is headquartered at 9883 N. Alpine Rd., Machesney Park, IL 61115. Tel: 815 637-9002 Web: fieldfastener.com

 

Indiana Automotive Fasteners is investing $21.7 million in expansion and adding at least 25 jobs over the next two years, according to the Greenfield Daily Reporter.

IAF received unanimous approval on abatements for property taxes.

IAF will add $15 million in new equipment, plus $6.7 million in building space, including 45,000 sq ft of office space and 48,900 sq ft of manufacturing space.

In the fall of 2012, IAF employed 378. Today the company has 549 employees making just over $24 million in salaries.

“The 25 new manufacturing employees announced Wednesday will mean $688,480 in additional payroll by 2016, with the average starting wage at $13.24 an hour, increasing to $14.40 an hour after six months on the job,” writes Maribeth Vaughn of the Daily Reporter.

IAF is headquartered at 1300 W. Anderson Blvd., Greenfield, IN 46140. Tel: 317 467-0100 Web: iafi.com 

 

SC Fastening Systems LLC is marking its 15th year in business. There will be an open house this summer with multiple vendors providing product displays and demonstrations, co-owners Scott Filips and Chuck Domonkos announced.

SC Fastening also launched an updated website: scfastening.com.

SC Fastening distributes fasteners, hardware and industrial supplies. Last year SC moved to a new 23,000 sq ft headquarters at 8531 S. Freeway Dr., Macedonia, OH 44056. Tel: 800 232-2659 Email: info@scfastening.com

 

Sherex Fastening Solutions LLC named James Pickren as CEO.

Pickren has 24 years of industrial market, global manufacturing and distribution experience. He has a bachelors in mechanical engineering from Clemson University in 1989 and MBA from Duke University in 1998.

“I am delighted to join Adam Pratt, Sherex president and the entire global Sherex team at such an exciting time in the company’s history,” Pickren said. He cited adding value for customers as key for Sherex.

Based in the Buffalo, NY, area since 1979, the blind rivet nut manufacturer has 250 employees at eight facilities worldwide, including 47 in engineering / application design support. 

Sherex is a global manufacturer of engineered fastening solutions, including fasteners, tooling and automation.  Sherex manufactures for the automotive, aerospace, defense, agriculture, construction equipment, industrial and heavy truck markets. Sherex is headquartered at 400 Riverwalk Pkwy. #600, Tonawanda, NY 14150. Tel: 866 474-3739 Email: info@sherex.com Web: sherex.com

 

Simpson Strong-Tie named Roger Dankel president of North America sales and Ricardo Arevalo as COO, Karen Colonias, CEO of Simpson Manufacturing, announced. The two new roles will replace retiring Terry Kingsfather as president and CEO of Simpson Strong-Tie. 

Dankel, who started with Simpson Strong-Tie in 1993 and has been southeast sales manager since 1997, will be responsible for the strategic sales leadership, customer support and distribution. Arevalo, who started with Strong-Tie in 1999 and has been vice president of engineering since 2008, will be responsible for the operational leadership of product lines and support functions.  

For 55 years, Simpson Strong-Tie has created structural products, including engineered structural connectors, fasteners, fastening systems, lateral-force resisting systems and anchors. Simpson StrongTie is headquartered at  5956 W. Las Positas Blvd., Pleasanton, CA 94588. Tel: 925 560-9000 or 800 925-5099 Web: strongtie.com