Global Fastener News

2001 FIN – Acquisitions Change Fastener Industry Names

August 03
00:00 2015

April 30, 2001 FIN – The third annual FIN Review of Fastener Stocks finds new corporate names during 2000 and early 2001 and the list missing a few names from the end of 1999.
Gone from the list of publicly held corporations is MascoTech Inc., which was acquired by privately held Heartland Industrial Partners LLP during 2000. MascoTech holdings include Lake Erie Screw Corp., Cuyahoga Bolt & Screw, Eskay Screw, K-Tech and Monogram Aerospace Fasteners.
Cordant Technologies is no longer a corporate name. Aluminum giant Alcoa Inc. acquired Cordant and its fastener manufacturing subsidiaries: Huck International, Jacobson Mfg. Co., and Continental/Midland Group.
Remember Maple Leaf Aerospace? It became Dallas-based TriStar Aerospace and was acquired by AlliedSignal Inc. in 1999. AlliedSignal was acquired by Honeywell International in late 1999. And in late 2000 General Electric announced plans to acquire Honeywell. The deal is pending North American and European regulatory reviews. Another fastener name headed for extinction is Industrial Holdings Inc. The company is expected to become T-3 Energy Services Inc. after a merger is complete during 2001.
Premier Farnell plc was not well known in North America. With the sale of most of its fastener business here to Lawson Products Inc., Premier Farnell is unlikely to become a household name on this continent. ©2001/2015 Fastener Industry News.
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