Global Fastener News

NEWS BRIEFS

Bossard Buys Stake in 3D Printing Firm

November 08
10:51 2018

Bossard already announced partnerships with three 3D printer manufacturers in early 2018, when the Bossard Group took over the representation and distributorship of these companies for the Swiss market.

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Nolan, Hearn Head FIC

November 08
09:49 2018

The Coalition was founded in 1988 and consists of 12 North American fastener organizations.

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Steel Hikes Cut Profit at Chicago Rivet

November 07
13:57 2018
    Steel Hikes Cut Profit at Chicago Rivet

“In addition to higher raw material prices, we have also incurred higher than expected wages in the current year due to the tight labor market.”

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Park-Ohio Sees Fastener Segment Gains

November 06
10:43 2018

“We continue to invest vigorously in our businesses and are currently launching our third new manufacturing facility in the last twelve months,” stated CEO Matthew Crawford.

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MSC Industrial Sales & Income Rise

November 05
10:28 2018

On April 30, MSC acquired All Integrated Solutions (AIS) from private equity firm High Road Capital Partners for approximately $86 million.

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JW Winco Opens Branch in Mexico

November 02
14:10 2018

The branch, which has more than 1,200 sq ft of office space and over 10,000 sq ft of warehouse space, is newly built.

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TriMas Fastener Sales Edge Up

November 01
10:49 2018

“Increased demand more than offset the impact of the decision to exit less profitable machined components.”

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Arconic Fastener Sales Rise

October 30
12:32 2018
    Arconic Fastener Sales Rise

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

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Bufab Reports Strong Sales Growth

October 29
11:19 2018

“We are satisfied with the quarter and optimistic about the rest of the year,” stated CEO Jörgen Rosengren.

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Stanley Black & Decker Fastener Sales Up

October 25
13:17 2018

“As we shift to 2019, we are now preparing for the carry over effect of the 2018 headwinds,” stated CFO Donald Allan Jr. “We will continue to pass on these input cost increases to our customers as price increases. Additionally, we are taking actions to adjust our supply chain and cost structure.”

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ITW Fastener Segments Results Mixed

October 24
16:26 2018

ITW's Construction Products segment reported sales and profit gains, while Automotive OEM saw sales decline.

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Investors See Value in Aerospace Fastener Suppliers

October 23
12:07 2018
    Investors See Value in Aerospace Fastener Suppliers

Aerospace fastener and construction products manufacturer Arconic is considering an $11 billion takeover offer from Apollo Global Management, Reuters reports. The deal values Arconic, which includes Alcoa’s former $1.8 billion Fastening Systems and Rings business, at $23 - $24 per share.

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Lawson Products Opens Bolt Supply House Branch in Vancouver

October 22
12:21 2018

12,000 square-foot facility, located in the Port Kells industrial area of Surrey, stocks industrial products including fasteners, power and hand tools, abrasives and safety products.

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Organizer Reports 2,700 Attend Italy Trade Show

October 21
14:27 2018
    Organizer Reports 2,700 Attend Italy Trade Show

The next Fastener Fair Italy will be November 11-12, 2020, at Fiera Milano City.

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Kanebridge’s LaPoma Sleeping Outside To Raise Money for Homeless Youth

October 09
15:09 2018

The Kanebridge executive said he decided to join a group of people with Covenant House “in an attempt to experience what many of our homeless youths experience every night, 12 months a year.”

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Tesla Fastener Supplier Opening 1st U.S. Operation in Lansing

October 09
13:27 2018
    Tesla Fastener Supplier Opening 1st U.S. Operation in Lansing

Norm Fasteners, which supplies fasteners for Tesla’s new Model 3 as well as parts for John Deere, will open a distribution center in Lansing that will create between 15 to 20 jobs, according to the Lansing State Journal.

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Kotynia Leads Mid-States’ ISO Certification

October 07
23:27 2018

Michigan-based distributor with seven locations now led by Somers brothers.

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Stanley Engineered Fastening Expanding

October 03
11:34 2018

Decorah, IA, plant expansion reportedly will increase the size of the building by 9% for product inventory.

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Weaver Promoted to ITP COO

October 01
14:18 2018

Founded in 1979 by Ron Futrell, son Garrett Futrell took full ownership of Industrial Threaded Products this year.

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WINA Names New CEO

September 26
10:52 2018
    WINA Names New CEO

Dan Hill will succeed Marc Strandquist on October 1st.

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