Global Fastener News

NEWS BRIEFS

Optimas Opens German Facility

November 20
11:22 2017
    Optimas Opens German Facility

“It’s vital that we invest in a network of distribution centers to ensure that all of our partners benefit from local support and expertise,” stated CEO Anesa Chaibi.

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Wrentham Tool Group Promotes Mohr

November 20
09:37 2017

Mohr has 34-years of fastener tooling and gaging experience.

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UPM Expanding Connecticut Facility

November 17
14:21 2017
    UPM Expanding Connecticut Facility

United Performance Metals supplies fastener grade metals plus processing services.

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Taiwan Fastener Exports Grow

November 16
15:31 2017
    Taiwan Fastener Exports Grow

Taiwan fastener exports rose 2.65% to 1.058 million tons in the first eight months of 2017, Fastener World reports.

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MacLean-Fogg Names New CEO

November 16
12:44 2017
    MacLean-Fogg Names New CEO

Former CEO Barry MacLean will maintain his chairman role and will continue to lead long-term strategy, planning, and new product advocacy.

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ARaymond Unveils Mexico Facility

November 16
12:21 2017
    ARaymond Unveils Mexico Facility

The San Luis Potosi plant enables the company to expand its business in Central America by producing and shipping locally.

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Brighton Best Acquires Ironclad Performance Wear

November 16
10:59 2017
    Brighton Best Acquires Ironclad Performance Wear

Founded in 1998, Farmers Branch, TX-based Ironclad designs and manufactures task-specific PPE gloves for safety, construction and industrial markets.

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TFC Opens Cleveland Tech Center

November 14
11:58 2017
    TFC Opens Cleveland Tech Center

Founded in 1977, TFC supplies the commercial construction industry with fasteners, tools, sealants, and accessories.

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BBI Acquires Koala Nails

November 13
17:39 2017
    BBI Acquires Koala Nails

The deal “bring(s) onboard a new level of expertise into the construction fastener industry, both for Australia and for the USA,” BBI stated.

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OBITUARY: Morrie Halvorsen

November 13
13:45 2017

Halvorsen was the first executive director of the Specialty Tools & Fasteners Distributors Association, serving from 1977 – 1999.

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Hillman Acquiring ST Fastening Systems

November 09
10:37 2017
    Hillman Acquiring ST Fastening Systems

Hillman said STFS’s core product line of specialty fasteners fits well with Hillman’s fastener portfolio.

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Click Bond CEO Named to NAM Board

November 09
06:30 2017
    Click Bond CEO Named to NAM Board

Founded in 1895, NAM is the largest manufacturing association in the U.S., representing small and large manufacturers in all 50 states.

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October FDI Gains Momentum

November 08
21:33 2017
    October FDI Gains Momentum

“Qualitative commentary on market conditions was again mostly positive with respondents noting strong demand, generally favorable end-market conditions, and a healthy pricing environment.”

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MW Industries Expands in Aerospace

November 08
13:50 2017
    MW Industries Expands in Aerospace

MW Aerospace Solutions is a new brand linking four companies: Atlantic Spring, BellowsTech, Helical, and Servometer.

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Fastener Sales Decline at Chicago Rivet

November 06
17:59 2017

“The automotive sector is the primary market for our fastener segment products and the sales declines in the third quarter and year to date primarily relate to reduced sales to certain large automotive customers,” the company stated in its quarterly SEC filing.

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Fastenal’s Fastener Sales Stay Strong

November 06
13:09 2017
    Fastenal’s Fastener Sales Stay Strong

Fastenal sales in the U.S. increased 13%, while total sales in North America climbed 13.5% during October.

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WINA Buys Weinstock Bros. of New York

November 02
12:28 2017
    WINA Buys Weinstock Bros. of New York

“With Würth House of Thread’s strong presence in the U.S. Southeast region and Central Mexico, and Weinstock Bros., Inc., located in the Northeast U.S., the acquisition will strengthen WINA’s long term logistics strategy,” stated Marc Strandquist, EVP of the Würth Group.

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PennEngineering Sues Pinconn for Infringement

November 02
11:17 2017

PennEngineering served the complaint on Pinconn at Pinconn’s trade show booth on October 18, 2017, during the International Fastener Expo.

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

November 01
22:21 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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MSC Reports ‘Significant’ Earnings Growth

November 01
17:21 2017

“Conditions steadily improved in the quarter as manufacturing continued to firm,” stated CEO Erik Gershwind.

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