Global Fastener News

NEWS BRIEFS

Steel Hikes Hurt Chicago Rivet Margins

August 16
17:20 2018

“We have experienced increases in steel prices, our primary raw material, in recent months that have negatively impacted our gross margins and remain a concern as further increases are expected.”

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Chavis, Stanley Lead Pac-West

August 15
13:29 2018
    Chavis, Stanley Lead Pac-West

Kevin Chavis of Star Stainless Screw was re-elected president of the Pacific-West Fastener Association for a fourth term. Ron Stanley of Empire Bolt & Screw was elected vice president.

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Report: China Plans Tariffs on $60bn of U.S. Goods, Including Fasteners

August 14
16:38 2018
    Report: China Plans Tariffs on $60bn of U.S. Goods, Including Fasteners

China is ready to levy additional tariffs on about $60 billion of imports from the U.S. in response to 301 tariff rate increase, ChinaFastener.Info reports.

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MW Industries Acquires Ameriflex

August 14
16:33 2018
    MW Industries Acquires Ameriflex

Founded in 1981, Corona, CA-based Ameriflex produces bellows, flexible metal hoses, and metal flanges used in the vacuum electronics industry.

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IFE to Honor Sachs, Gilchrist, Hsieh and Xu

August 10
11:42 2018
    IFE to Honor Sachs, Gilchrist, Hsieh and Xu

Sachs of XL Screw and Gilchrist of Capital Marketing named to IFE Hall of Fame; Hsieh and Xu of Brighton-Best named Young Fastener Professionals.

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Walker Officially Takes Reins As IFI’s 8th Managing Director

August 10
05:58 2018

Rob Harris was managing director from 1995 through 2017.

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Machinery Expo Returning in 2019 In Conjunction With InterWire

August 07
18:30 2018
    Machinery Expo Returning in 2019 In Conjunction With InterWire

The International Fastener Manufacturing Exposition will be May 14-16, 2019, in Atlanta.

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IFE & Machinery Show History

August 07
17:34 2018

The first U.S. fastener machinery trade show was developed beginning in 1982 through a partnership of Billingslea & Zirkle, Danbury, CT, and UK-based Mack-Brooks Exhibitions.

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Gilchrist Names 4 Scholarship Winners

August 07
15:37 2018

Robbie Gilchrist and Gina Gilchrist established the Gilchrist Foundation Fastener Scholarship in 2000 to return something to the fastener industry.

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Tree Island Profit Grows

August 02
22:11 2018

Tariff costs “are being charged through to the end customers,” the company stated.

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Earnest Adds 4 to Sales, Purchasing & An Intern

August 02
10:19 2018

Founded in 1948, Earnest Machine is marking its 70th anniversary this year.

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NORMA Group Reports Strong Organic Growth

August 01
16:06 2018

“Tense situation on raw material markets,” including U.S. steel and aluminum tariffs, trimmed first-half earnings.

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Innovative Components Receives ISO 9001-2015 Certification

August 01
00:02 2018

Certification creates “a culture of continuous improvement and evidence-based decision making as well as better process integration.”

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Arconic Fastener Sales Grow

August 01
00:02 2018

Organic revenue was up 6%, “driven by volume growth in aerospace engines and defense.”

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Fastener Tech Starts ’19 Booth Sales

July 31
11:18 2018

The biennial trade show will be June 3-5, 2019, in Rosemont, IL, near Chicago’s O’Hare International Airport.

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Jessee New VP of Market Strategies for Hahn Systems

July 30
00:30 2018

Global industry and building sector product distributor Descours & Cabaud acquired Indiana-based Hahn in 2016. Founded in 1782, D&C is headquartered in Lyon, France.

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Lawson Products Sales Rise

July 26
17:50 2018

Average daily sales increased 21.3% to $1.41 million, boosted by $9.8 million from the inclusion of the Bolt Supply acquisition and a 9.1% improvement in Lawson's sales per rep per day productivity.

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NFDA Honors Ruetz With Professional Award

July 25
00:44 2018
    NFDA Honors Ruetz With Professional Award

The 2001 National Fastener Distributors Association president has spent more than 40 years in fastener distribution. He began working full time in the family business, All Tool Sales, in 1978.

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ITW Sees Organic Fastener Sales Growth

July 24
16:51 2018

Overall ITW revenue improved 7% to $3.8 billion in Q2, which included organic growth of 4% driven by 5% growth in North America.

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Vlier Products Marking 75th Anniversary

July 24
00:54 2018

After supplying parts for World War II bombers and battleships, Vlier created what would become its flagship product: the Vlier Pin to fixture small parts in tight, compact spaces.

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