Distributor and manufacturer Optimas is No. 29 on MDM’s 2022 Top Industrial Distributor list and No. 8 ranked fastener distributor.
Latest In Fasteners
A month-to-month acceleration in daily sales bodes well for fellow industrial distributors large and small.
The metalworking and MRO supplies distributor is suddenly on an acquisition streak.
The company said it saw benefits of carryover pricing impacts from 1Q, alongside continued strong underlying demand from industrial and construction customers.
Nick Ruetz has been elected president of the National Fastener Distributors Association for the 2022-23 term.
The Specialty Tools & Fasteners Distributors Association’s annual show is scheduled for Oct. 30 through Nov. 1.
Paul Schorr brings 35 years of information technology leadership experience to the fasteners manufacturer/distributor.
For the month, the distributor reported net sales of $570.76 million, up from more than $497 million in April 2021.
MDM Executive Editor Mike Hockett recaps what he saw and learned at Fastenal Expo 2022, the distributor's first in-person company showcase in three years.
Distributor excels in difficult environment with streamlined technology and new 3D printing capabilities.
The company reported daily sales up 14.8% versus a year ago based on strength in safety.
The acquisition strengthens the companys presence in the Midwest.
The increase was attributed to sales growth at Bolt Supply, and the inclusion of Screw Products.
The company signed 5,603 industrial vending devices during the first quarter.
IPC is a provider of fasteners and related production components to the original equipment manufacturing market.