Global Fastener News

HEADLINES

MW Industries Acquired by American Securities

October 30
13:00 2017
    MW Industries Acquired by American Securities

Genstar Capital sold MW Industries, Inc. to affiliates of equity firm American Securities LLC in partnership with MW Industries management. Terms of the deal were not disclosed.

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Derry: Write Down Goals to Increase Odds of Success

October 30
04:30 2017
    Derry: Write Down Goals to Increase Odds of Success

IFE Hall of Fame Inductee: Less than 5% of people have written goals, but “over 80% of people who write it down accomplish it.”

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YFP Honoree Pratt: How to Manage Older Employees

October 30
04:13 2017
    YFP Honoree Pratt: How to Manage Older Employees

He started in the fastener industry in 2001 by responding to a Sherex Fastening Solutions online ad when he was 21 and the company had seven employees. That led to an ownership opportunity by the time he was 24 and Sherex growing into a global manufacturer with 170 employees worldwide will annual revenue topping $30 million.

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WIFI Honors Berry as Woman of the Year

October 30
03:44 2017
    WIFI Honors Berry as Woman of the Year

Women in the Fastener Industry also presented awards to: Friedberg, Hsieh, Bialas, Cohn and Reynolds.

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Calfee at IFE: Check Installation When Customer Claims ‘Bolt Failed’

October 30
03:01 2017
    Calfee at IFE: Check Installation When Customer Claims ‘Bolt Failed’

“A bolt can be like a piece of glass” when not properly installed, Calfee declared. That includes using the right washer, nut and bolt and using the right torque.

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Tesla Partnership Boosts Bossard Sales

October 30
02:41 2017
    Tesla Partnership Boosts Bossard Sales

“In America, Bossard continues to benefit from the cooperation with the largest US electric vehicle manufacturer as well as the turnaround in demand from the second major customer, a company in the agricultural technology sector.”

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Denslow Tells WIFI: First Impression Within 3 Seconds

October 30
01:56 2017
    Denslow Tells WIFI: First Impression Within 3 Seconds

The culture consultant advised Women in the Fastener Industry to avoid wearing a green hat in China, which is a symbol of a woman cheating on a partner. Avoid purple in India as it is associated with fear and a Hindu goddess.

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PennEngineering Expands In Ireland

October 30
01:34 2017
    PennEngineering Expands In Ireland

New 80,000 sq ft facility becomes the primary manufacturing site for all PEM self-clinching fastener products sold throughout Europe.

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TFI Acquires Stateline Fasteners

October 30
01:24 2017
    TFI Acquires Stateline Fasteners

Founded in 1979, TFI is an employee-owned manufacturer and distributor of steel fasteners, with more than 140 employees.

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Lawson Products Buys Bolt Supply House

October 30
01:16 2017
    Lawson Products Buys Bolt Supply House

The transaction marks Lawson Products’ fifth and largest acquisition in 24 months and more than doubles its sales in Canada.

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Fastener Fair Mexico Moves to Guadalajara

October 30
01:01 2017
    Fastener Fair Mexico Moves to Guadalajara

Fastener Fair Mexico will move to Guadalajara in 2018, “looking to better serve the Mexican marketplace in need of industrial fastener and fixing solutions.”

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September FDI ‘Stays Strong’

October 30
00:38 2017
    September FDI ‘Stays Strong’

The Fastener Distributor Index for September dipped slightly to 61.5, “with sales trends remaining very strong,” writes R.W. Baird analyst David Manthey.

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SHORTTAKES: Arconic, Bufab, Earnest Machine and Hudson Fasteners

October 30
00:10 2017

Arconic Inc. named Charles “Chip” Blankenship as CEO, effective January 15, 2018. Blankenship is a 24-year veteran of General Electric who spent much of his career in its aviation and

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Q3 Fastener Stocks Rebound

October 02
23:40 2017
    Q3 Fastener Stocks Rebound

The FIN Fastener Stock Index regained momentum in the third first half of 2017, increasing 2.3% during the period.

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McCreight to Succeed Harris as IFI Managing Director

October 02
15:08 2017
    McCreight to Succeed Harris as IFI Managing Director

McCreight becomes the IFI’s seventh MD in the 86-year history of the trade association of North American fastener manufacturers and suppliers.

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Hiring the Right Person for the Job

October 02
15:01 2017
    Hiring the Right Person for the Job

About 30% of employees in any company are “A” players, according to Bob Nugent, senior consultant at MAP (Management Action Programs). The rest are “B” or “C” players.

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Fastener Companies: More Damage To Employee Homes Than Businesses

October 02
14:52 2017

Fastener companies in the Houston and Florida hurricane paths reported more damage to employee homes than to businesses. Here is a sampling of responses from Hurricanes Harvey in Texas and

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Court Upholds Import Ban on Viraj

October 02
14:42 2017

Exclusion order bans import of stainless steel products from Mumbai-based Viraj for 16.7 years and prohibits all of the company’s activities related to the sale of its stainless steel products in the U.S., including marketing, advertising and soliciting distributors for its products.

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LISI Group Acquiring Termax

October 02
14:15 2017
    LISI Group Acquiring Termax

LISI Automotive, a subsidiary of LISI Group, agreed to acquire 51% of the share capital of Termax, a U.S. manufacturer of metal and plastic fastening systems for automotive interiors.

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Bulten To Build Second Fastener Plant in Poland

October 02
14:07 2017
    Bulten To Build Second Fastener Plant in Poland

With this investment, Bulten can move from the current logistics center in Wilkowice to the new building and thus get an efficient production flow to handle future growth, the company explained.

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