Global Fastener News

HEADLINES

STAFDA 2017 Booth Space Sold Out

September 05
10:31 2017
    STAFDA 2017 Booth Space Sold Out

The 41st annual convention will be November 12-14, 2017, in Austin, TX.

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Pratt Chosen for Young Professional Award

September 05
05:10 2017
    Pratt Chosen for Young Professional Award

Adam Pratt founded Buffalo, NY-based Sherex Fastening Solutions at age 24. He is the 2017-18 associate chair of the National Fastener Distributors Association.

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Watermill Group Acquires UK-Based Cooper & Turner

September 05
02:22 2017
    Watermill Group Acquires UK-Based Cooper & Turner

Founded in the 1800s by Joseph and James Turner as a gun barrel manufacturer, Cooper & Turner now manufactures bolts, nuts and washers for the wind, railway, tunneling, oil & gas and structural bolting industries.

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SHORTTAKES: Advance Components, AZ Lifting Hardware, B&F Fastener Supply, Band-It, FTI, Innovative Components, Safety Socket, Southco, Wrentham Tool and Wyandotte Industries

September 05
00:30 2017

Advance Components launched a new company logo now displayed on its website: AdvanceComponents.com. The new logo is described as “part of the ongoing evolution of our brand. Our business has...

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July FDI Decelerates Amid Moderating Sales

September 05
00:07 2017
    July FDI Decelerates Amid Moderating Sales

The seasonally-adjusted July FDI (55.1) ticked down from June’s strong 60.8 reading, “mainly driven by a slight moderation in sales momentum relative to a record June,” writes R.W. Baird analyst David Manthey.

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All America Sells Division to Vulcan Threaded

September 05
00:02 2017
    All America Sells Division to Vulcan Threaded

Denver-based All America is now focusing on specialty threaded products and Vulcan Threaded will continue large-volume commodity threaded rod.

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Ta Chen International Unveils Primus Pipe & Tube

August 07
23:45 2017
    Ta Chen International Unveils Primus Pipe & Tube

Ta Chen International is a master distributor of stainless, aluminum and nickel alloy coils, sheets, plates, long products, tubes and PVFs, and is owned by Taiwan-based Ta Chen Stainless Pipe Co. Ltd. – the parent company of fastener master distributor Brighton-Best International.

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Canada Amends Fastener Tariff

August 07
23:30 2017
    Canada Amends Fastener Tariff

OBI, a U.S. vendor and potential exporter to Canada of the OBI screws requested this interim review in the nature of an exclusion request on the basis that the domestic industry does not produce noise-dampening screws.

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Lammers: Value Analysis Leads to Customer Loyalty

August 07
23:15 2017
    Lammers: Value Analysis Leads to Customer Loyalty

A “Value Analysis / Value Engineering” program is a “team approach to eliminate or prevent unnecessary cost and increases customer satisfaction,” Lammers told the NFDA / NEFDA joint session.

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NIFMSE Moves to Las Vegas Convention Center

August 07
23:00 2017
    NIFMSE Moves to Las Vegas Convention Center

The 2017 official hotel – Westgate – is 3/10 mile from this year’s new convention center location. Last year’s official hotels are more than a mile away. Hotels.com lists 16 other hotels within a mile.

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FDI Sets Sales Index Record in June

August 07
22:42 2017
    FDI Sets Sales Index Record in June

“Commentary on market conditions remains positive, with respondents indicating selling conditions are strong and customer activity/backlog continues to suggest a favorable outlook.”

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Bolts & Nuts Corp. Buys Industrial Fastening of Macon

August 07
22:30 2017
    Bolts & Nuts Corp. Buys Industrial Fastening of Macon

Founded in 1982, Macon, GA-based Industrial Fastening of Macon distributes fasteners, specialty products, and MRO parts to OEMs.

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Big Shoulders Capital Acquires Anderson Mfg.

August 07
22:30 2017
    Big Shoulders Capital Acquires Anderson Mfg.

Tim Cash brought back to lead growth of company organically and via acquisitions.

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MW Industries Acquires Tri-Star Industries

August 07
22:15 2017
    MW Industries Acquires Tri-Star Industries

Founded in 1991, Berlin, CT-based Tri-Star manufactures standard and custom-designed threaded inserts and compression limiters in brass, steel, aluminum and stainless steel for plastic applications.

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NORMA Group Completes Fengfan Acquisition

August 07
22:00 2017
    NORMA Group Completes Fengfan Acquisition

Founded by CEO Zhu Jialin in 1988, Fengfan manufactures joining products made of stainless steel, nylon and specialty materials.

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Auto Shipments Boost Stanley Black & Decker Fastener Sales

August 07
21:45 2017
    Auto Shipments Boost Stanley Black & Decker Fastener Sales

“Strong automotive system shipments supporting new customer platforms and volume growth within general industrial markets more than offset declines within electronics.”

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Acquisitions and Volume Fuel Fastener Growth at Fastenal

August 07
21:30 2017
    Acquisitions and Volume Fuel Fastener Growth at Fastenal

“The second quarter of 2017 felt more like Fastenal,” stated CEO Dan Florness. “We have grown well over the last year, but market headwinds have masked this growth.”

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Tree Island Sales Outpaced By Input Costs

August 07
21:15 2017
    Tree Island Sales Outpaced By Input Costs

Intense competition "tempering the ability of steel wire producers to adjust prices to better reflect the recent raw material price increases."

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MSC Industrial Sales Up As Manufacturing ‘Recovers’

August 07
21:00 2017
    MSC Industrial Sales Up As Manufacturing ‘Recovers’

“As the manufacturing economy recovers and sales growth rates improve, the expense leverage latent in the business is beginning to demonstrate itself,” stated CEO Erik Gershwind.

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SHORTTAKES: Concrete Fastening Systems, Grainger, Imperial Fastener, Motor City Industrial, and Pearson Fastener Corp.

August 07
20:45 2017

Concrete Fastening Systems Inc. president Bob Carlisle launched online sales in 2000 and subsequently has sold 80 million concrete fasteners online to 27,000 customers from all 50 states and 23...

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