Global Fastener News

1987 FIN – Infasco to Expand 2 Plants

July 17
00:00 2015

June 10, 1987 FIN – Infasco Division, Montreal, Quebec, Canada will make some changes in its fastener division during 1987. The changes include the relocation of its Federal Bolt & Nut operation and the expansion of two plants.
According to Mortie Chaikelson, vice president of Infasco, the company decided to relocate Federal Bolt & Nut in December 1986 to consolidate operations. The relocation will have no effect on company earnings, he says. The bolt and nut manufacturing will be integrated into manufacturing operations located in Marieville, Quebec and Ingersoll, Ontario by the end of 1987.
Federal Bolt & Nut was acquired in June 1985 as a part of Ivaco Inc.’s acquisition of the AHL Group.
Ivaco is the parent company of Infasco.
Federal currently employs 250 people. The company plans to set up a working committee to assist employees involved in the shutdown. Chaikelson says that they will be given notice, severance pay, or early retirement and that Federal employees will be given preference when new jobs come up at the other locations.
Chaikelson also tells FIN that two plants will expand this year. The Ingersoll plant will add 60,000 sq. ft. of space, equipment, and employees by the end of the third quarter to increase production of special application fasteners and to move into new product areas including large scale production of hot formed nuts.
The company’s Galvano plant, located in Beloeil, Quebec, will add 30,000 sq. ft. of space, equipment, and hire more employees by the first quarter of 1988. The Galvano plant is expected to double its capacity by adding micro-processor controlled plating equipment. The plant specializes in zinc plating, phosphate coating, and hot dip galvanizing.
Infasco Division is located at 700 rue Ouellette, P.O. Box 970, Marieville, Quebec J0L 1J0.  ©1987/2015 Fastener Industry News.
For information on permission to reuse or reprint this article please e-mail: FIN@GlobalFastenerNews.com

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