TransDigm Group business, with $240 million in sales, contributes to Alcoa’s focus on global market.
Latest In Fasteners
Fastenal CEO Will Oberton addresses distributor’s top initiatives in annual report.
Fourth quarter sales increased 18 percent year-over-year and 3 percent over 3Q.
Fastenal reports fourth-quarter and full-year results.
Fourth-quarter sales for the fasteners distributor increased 19.7 percent.
Acquisition expands Anixter’s presence in the access control market.
Langtry Industries has six locations across Canada.
Distributors and manufacturers say price sensitivity grew during the recession.
‘Mom and Pop shops cannot compete when government over-regulates them,’ she says.
Organically, third quarter sales increased 12 percent.
Fastener distributor sees sales increases in all three of its regions.
In quarterly earnings report, Fastenal provides information on store size, headcount & gross profit.
For the first nine months, Fastenal’s sales up 16.7%.
The precarious position of companies serving residential construction markets was made even worse in late 2008 by the turmoil in the financial markets. For Western Tool Supply, a distributor, and STO Industries, a fastener importer, it meant having to file for Ch. 11 bankruptcy protection so they could meet their obligations and restructure. In this article, the companies tell their stories. MDM also examines bankruptcy trends and the impact of bankruptcies on the distribution channel.
For Kevin Kiker, closing down or even selling the company he founded more than two decades ago was not an option.
When the housing market crashed, and the credit crisis hit, Kiker had little choice but to file for Ch. 11 bankruptcy protection last year to save what he could of Salem, OR-based Western Tool Supply, a tool and fastener distributor. “It never crossed my mind to give up,” he says.
The task would be no small feat. At its peak, his company had grown to 75 branches in the U.S. and Canada. But due to the credit crisis and weak cash flow, bills were coming due from landlords, banks, and other vendors.
Kiker knew he had to restructure the business, or the business would not make it. “It was excruciating,” he says.
Fastenal outlined growth goals in recent presentation.
Fasteners MRO represented a market in 2009 of $xxx billion, according to estimates by Industrial Market Information, Minneapolis.
These charts show the top ten industries, by SIC code, consuming these products; and the 2009 end-user consumption of these groups sorted by the nine government market regions.
Each of the fastener distributor’s regions saw a sales gain.
SEC filing:Government audit alleges Fastenal overcharged in a GSA contract ended in 2005.
Year to date, Fastenal’s sales have increased 13.2 percent.
First-half 2010 profit surpasses full-year 2009 results.
