Snap-On sales grow but tools segment dips
US-registered Snap-On saw net sales grew 8.4% in Q3 2017, up $69.7 million to $903.8 million. In organic terms, that number was a more modest 2.3% rise or $19.5 million gain, with $44.3 million of acquisition-related sales and $5.9 million of favourable foreign currency translation. Tools down Snap-on Tools Group segment sales of $392.7 million in the quarter decreased $4.5 million, or 1.1%, from […]
Employee-owned Threaded Fasteners buys Stateline Fasteners
Alabama’s Threaded Fasteners, Inc (TFI), an employee-owned business specialising in the manufacturing, custom packaging and distribution of steel fasteners, recently welcomed Stateline Fasteners of Rossville, Georgia, to its growing family of businesses. Opened in 2016, TFI’s Chattanooga office is located at 806 N. Holtzclaw Ave., Suite A, where Stateline’s previous staff members are now working. […]
Hurricanes disrupt Fastenal’s bottom line
US fastener giant Fastenal saw net sales increase $119.7m, or 11.8%, in Q3 2017 (compared with Q3 2016). With one less selling day in Q3 2017, daily sales increased 13.6% compared with Q3 2016. Thanks to the March acquisition of Mansco, daily sales growth rose 1.3 percentage points. Adjusting for that, organic daily sales increased 12.3% in Q3 […]
2 weeks until International Fastener Expo comes to Las Vegas
The International Fastener Expo (previously NIFMSE) is bringing over 850 exhibitors and attracting over 2,500 attendees to a new venue along the Las Vegas Strip this year. For the first time, the annual event is to be held at the Las Vegas Convention Centre, moving from the Sands Expo. Aside from the change of venue, visitors can also expect […]
DIY giant joins Google Express
US-based DIY retailer Home Depot is joining Google Express this autumn. The move means that customers will be able to shop for wood screws, drills and other Home Depot products simply by using their voice – through voice assistant Google Assistant, on Google Home. Despite being available in the States since 2013, Google Express – […]
New cost-efficient HQ revealed for fastener firm TRIMAS
Michigan-based TriMas has relocated to a new renovated HQ in Bloomfield Hills. Close to its previous location, the new site has significantly reduced the square footage of the offices, saving on annual expense, with an updated and refreshed environment, but with space for future growth, the firm said. “TriMas has a deep history with Michigan […]
Bolts & Nuts Corp acquires Challenger Component Services
Several news outlets are reporting the acquisition of Challenger Component Services by Bolts &Nuts Corp (SOURCES: Industrial Distribution & Times Free Press). UPDATED: The news has been confirmed by Bolts & Nuts. Bolts & Nuts Corp is an industrial distributor company based in Chattanooga, Tennessee. Nashville’s Challenger provides c-class products for customers in North America, Mexico, Europe […]
STAFDA adds more exhibition space to meet demand in Austin
STAFDA has been faced with the challenge of a trade show that has sold out months ahead of opening its doors. STAFDA (the Speciality Tools & Fasteners Distributors Association) runs an annual Convention & Trade Show for the tool and fastener business in the USA, at a different venue each year. This year’s edition is […]
8,000 attend Snap-on Franchisee Conference
Dallas, Texas, hosted over the 8,000 attendees of Snap-on’s Franchisee Conference, representing more than 3,000 North American routes. The annual event focused covered the latest in sales, product and business management information in hand, power and diagnostic tools, tool storage and productivity solutions. This year’s conference featured a 144,000-square-foot show floor filled with thousands of innovative products, […]
STAFDA’s 41st Annual Convention & Trade Show is sold out
Industry demand for the Specialty Tools & Fasteners Distributors Association (STAFDA) show has hit an unprecedented high – following record demand, STAFDA’s November Annual Convention & Trade Show has sold out. This year’s show takes place in Austin, November 12-14 and STAFDA warned at the start of last month that it was experiencing overwhelming demand for the […]