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Trying to hold it together? How to find the best fastener supplier for your needs

Posted by IndustryNet on Friday, May 19, 2017

100000008_screws business-backgroundWhether it be the nails and screws holding up houses or the head bolts and hex-headed cap screws keeping car brakes functional, fasteners are literally the nuts and bolts of daily life. They are key to the success of most industries; cars, airplanes, agricultural machinery, infrastructure, commercial construction and appliances rely heavily on the use of fasteners for their production.

Joist hangers, metal connectors, concrete anchors, and other construction-specific fasteners are the most popular types, accounting for approximately ten trillion dollars in annual sales. Contract assembly and mailing, binding, and packaging services come in second, accounting for about one trillion dollars in annual sales. Most fastener manufacturing plants make all types of fasteners, though sixteen specialize in industrial fasteners, nine specialize in nuts and bolts, eight in anchor bolts, and six in aerospace fasteners. Of those employed in the U.S. fastener industry, the majority work with aerospace fasteners, accounting for 1,381 current jobs. This is understandable since aerospace is an industry where strong emphasis on product quality is of paramount importance.

With over 1,000 fastener manufacturing plants in the United States alone and thousands of fastener types to choose from, selecting the right fastener company that fits specific needs and falls in the right price range can be a real challenge.100000008_worker-with-ipad

IndustryNet, the marketplace that connects industrial buyers and suppliers, has all of the tools and data to answer any question. IndustryNet collects data on all U.S. fastener manufacturers, from joist hangers and concrete anchors for construction or industrial needs to staples and stapling devices. IndustryNet lists verified fastener suppliers and categorizes them by type, including automotive, aerospace, roofing, and packaging, and further categorizes the fasteners by material, such as aluminum, brass, or stainless steel.

IndustryNet can help customers determine the best fastener supplier based on distribution, physical location, company type, ISO standards, and other specific parameters.

According to data collected by IndustryNet experts, 44 percent of U.S. companies distribute industrial fasteners internationally, such as Decker Manufacturing Company of Michigan and PENCOM of California, and 34% have a national distribution, such as Associated Fastening Products Inc. of Illinois and G.L. Huyett of Kansas. Customers looking for a more locally based company can choose from the 8.5 percent of businesses that distribute regionally, like Advanced Feedscrews Inc. of New Castle, Pennsylvania, and Industrial Welding of Redding, California, or the 7 percent of companies that distribute locally, like the Woodward Company of Albany, New York.

Approximately 66 percent of the 1,000+ fastener companies in the United States are privately owned, 11 percent are S-corporations, and 8 percent are limited liability companies. Twenty-six fastener companies (less than 3 percent of all companies) are woman-owned, and eight companies are minority-owned. IndustryNet can also recommend companies that are ISO 9000 certified.

IndustryNet can help your company find the right fastener supplier. To learn more, browse the full list of fastener suppliers on IndustryNet and request a quote today!

 

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