AFC Industries Acquires Chicagoland Fastener Distributor

AFC Industries has acquired a suburban Chicago distributor of engineered fasteners and related components, company officials announced.Signature Engineered Solutions, located in Aurora, Illinois, provides metal and plastic fasteners, specialty thread…

Time: 2026-09-17

Views: 112

Fastenal Reports 16.6% Increase in August Sales

Fastenal’s August sales were up 16.6% compared to the same month last year, according to the distributor’s latest monthly sales disclosure.The company reported $812.1 million in sales last month, up from $696.7 million in August 2025.Sales to the hea…

Time: 2026-09-14

Views: 172

Stanley Black & Decker to Close Maryland Tool Factory

On August 19, tool giant Stanley Black & Decker filed a WARN notice with the state of Maryland, alerting officials to its plans to close a 75-year-old factory.Built in 1951 to produce power tools, the Hampstead, Maryland, Black & Decker plant…

Time: 2026-09-09

Views: 268

Norm Fasteners Buys Michigan Plant for US Bolt Production

Norm Fasteners, a Turkish manufacturer in the fastener industry, has acquired an automotive fastener manufacturing operation in Plymouth, Michigan, adding local production to its established North American sales, engineering, logistics and warehousin…

Time: 2026-09-07

Views: 314

Stanley Black & Decker to Invest $1B in Its U.S. Operations

Stanley Black & Decker plans to invest $1 billion in its U.S. manufacturing and R&D operations over the next two years, company officials announced Wednesday.Half of the $1 billion total, the company said, would go toward capital spending and…

Time: 2026-08-21

Views: 463

Grainger Reports 10% Increase in Sales and Stronger Profit, Margins

Grainger posted double-digit growth in sales, profit and earnings in its latest quarter despite “ongoing geopolitical uncertainty,” company officials said.The MRO giant reported $5.02 billion in second-quarter sales, an increase of 10.3% compared to …

Time: 2026-08-19

Views: 456

Fastenal Again Posts a Double-Digit Monthly Sales Jump

Fastenal's July sales were 15.5% higher than the same month last year, the company said.The Minnesota-based fastener and industrial supply giant recorded net sales of $825.8 million during the month. Sales rose on a daily average basis across all…

Time: 2026-08-19

Views: 482

Hillman to Acquire Kanebridge, Establishes Industrial Master Distribut…

Hillman Solutions Corp. (Nasdaq:HLMN) (the "Company", “Hillman Group”, or "Hillman"), a leading provider of hardware products and merchandising solutions, has entered into a definitive agreement to acquire Kanebridge Corporation (…

Time: 2026-08-14

Views: 404

GTRI Seeks Withdrawal Of Fastener Quality Norms Amid MSME Concerns

The Global Trade Research Initiative (GTRI) has urged the government to withdraw Quality Control Orders (QCOs) on fasteners, warning that the regulations are increasing costs, reducing supply, and disrupting manufacturing operations without deliverin…

Time: 2026-08-13

Views: 404

Fastenal Posts Double-Digit Sales, Profit Increases but Weaker Margins

Fastenal saw double-digit jumps in sales, earnings and profit in the second quarter of the year, but its margin numbers were uneven amid “unfavorable price/cost,” company officials said.The Minnesota fastener and industrial supply distributor reporte…

Time: 2026-07-21

Views: 732