It was the company’s best month since December 2023, led by particularly strong growth from manufacturing customers and in fastener products.
It suggests that broader demand for industrial and construction supplies remains subdued heading into 2024’s closing months.
Get a complete breakdown of the distributor’s September and 3Q financials, which point to a demand uptick for the industrial supply sector.
Though still soft by Fastenal’s historical standards, August was a rebound from July. Get MDM’s full breakdown here.
PE firm Montage Partners invested in the mil-spec fasteners distributor and appointed David Ficadenti as its new CEO.
Growth continued to slide across all geographies, product segments and customer end markets.
The 50-year fastener veteran founded Copper State in 1972 with a staff of six employees and a 6,000-square-foot warehouse.
Weak fastener sales continue to weigh on overall results, though the company indicated that customer acquisition efforts remain encouraging.
It marks the 17th branch location for Mobile, AL-based TFI.
ND Industries compliments H.B. Fuller’s offerings in existing market segments and brings together adhesive and mechanical fastener technology.
It was another deceleration as daily sales declined sequentially vs. March in all three of the company’s geographies and product lines.
Two VPs from fasteners distributor and manufacturer Optimas Solutions discuss personally-vetted supply chain management strategies for OEMs.
