Global Fastener News

NEWS BRIEFS

Fastenal Reports Double-Digit Fastener Sales Growth

January 17
12:42 2019

“Tariffs had a small impact on sales and profits in 4Q18, but a greater impact on our inventory growth,” the company stated. “Discussions with customers about addressing tariffs have been encouraging.”

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Report: Arconic Deal Being Finalized

January 16
10:11 2019

Arconic, which includes Alcoa’s former $1.8 billion Fastening Systems and Rings business, has been mulling possible takeovers since last summer when Apollo and two other companies expressed interest in the company.

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Würth Group Posts Record Results

January 15
15:12 2019

For 2019, Würth expects mid-single-digit growth in sales and a proportionately higher operating result. 

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Motor City Industrial Buys Smith Fastener

January 15
12:57 2019
    Motor City Industrial Buys Smith Fastener

Founded in 1965, Smith Fastener distributes industrial fasteners and ancillary products throughout North America from locations in West Virginia, Pennsylvania and Texas.

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Reed Exhibitions to Acquire Fastener Fair

January 15
10:23 2019
    Reed Exhibitions to Acquire Fastener Fair

Reed Exhibitions has agreed to acquire Mack Brooks Exhibitions – owner of multiple fastener trade shows, including the world’s largest, Fastener Fair Stuttgart.

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Würth Group Receives UN Award

January 10
16:28 2019
    Würth Group Receives UN Award

“The holistic commitment of the Würth Group to strengthening the participation and equality of people with disabilities is so impressive because they are based on examples of good international practice in the world of work and not limited to one country,” the award jury stated.

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CLASSIFIED: QA Manager

January 10
14:51 2019
    CLASSIFIED: QA Manager

...

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Bossard Reports “Another Record Year”

January 10
13:46 2019

“In the fourth quarter, our business in America and Asia grew by double-digits, exceeding expectations,” the company stated. “The demand in the European markets slowed down at a high level.”

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2019 Fastener Fair USA Includes Education Sessions

January 10
09:00 2019

Registration has opened for the second Fastener Fair USA, set for May 22-23, 2019, at the Cobo Center in Detroit.

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BBI Names Business Development Mgr.

January 09
11:02 2019
    BBI Names Business Development Mgr.

Deborah Mann will concentrate on new markets for both Ironclad Performance Wear and Proferred Tools.

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26 Fastener Trade Shows Worldwide During 2019

January 08
17:34 2019
    26 Fastener Trade Shows Worldwide During 2019

There will be five primarily distribution-oriented trade shows in the U.S. during 2019. Plus there is a re-branded machinery show.

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FDI Retreats For Second Straight Month

January 08
12:31 2019
    FDI Retreats For Second Straight Month

Sales trends improved in December, with 42% of respondents indicating sales were “better” relative to seasonal expectations vs. 34% of respondents the previous month.

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Mountz Hires New Int’l Sales Director

January 04
16:40 2019
    Mountz Hires New Int’l Sales Director

Founded in 1965, Mountz provides torque tool solutions and metric fasteners to the aerospace, automotive, electronics, energy, medical and packaging industries.

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Grainger Names Carroll VP & CHRO

January 03
17:51 2019
    Grainger Names Carroll VP & CHRO

Carroll comes to Grainger from First Midwest Bank, where she served as Executive Vice President and CHRO. Prior to that, he held leadership positions with Aon Corp., Sprint, and PricewaterhouseCoopers.

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CLASSIFIED: Regional Sales Manager Wanted

January 02
10:16 2019

...

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Obituary: Bob Lehman, 90

December 31
10:01 2018
    Obituary: Bob Lehman, 90

He was active in the National Fastener Distributors Association and was a Metropolitan Fastener Distributors Association board member.

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Loomis Marks Opening of Plant Plus 40th Anniversary

December 27
20:46 2018

Gehle Loomis founding Tool Engineering Industries as a metalworking engineering and sales business in October 1979 in the basement of his home.

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Kudiak New Aerosmith President

December 21
01:49 2018

He joined the Indiana company in 2005 and has been general manager and director of product development.

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Obituary: Lee Loudermilk

December 21
00:01 2018

During his career he started seven corporations in manufacturing, R&D, hospitality and international trade.

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FIN Front Page Stories for 2018

December 19
10:53 2018
    FIN Front Page Stories for 2018

The tariffs imposed by U.S. president Donald Trump dominated the front page of Fastener Industry News for 2018. But other articles included acquisitions, the FIN Fastener Stock Index, court battles, 50th anniversaries for two companies, new fastener leaders and key policy issues.

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