Global Fastener News

NEWS BRIEFS

Bufab Reports Strong Growth and Improved Margin

September 25
12:08 2018

“We need to strengthen our gross margin through further price increases,” noted CEO Jörgen Rosengren.

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Abbott-Interfast Marking 70th Anniversary

September 20
06:22 2018

Since Martin “Marty” Binder opened the doors on September 21, 1948, Abbott has secured over 25 patents – though the company is best known for yellow nylon insert locknuts.

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Würth DMB Opens Distribution Center

September 19
13:10 2018
    Würth DMB Opens Distribution Center

Würth Des Moines Bolt (DMB) opened a regional distribution center in Kansas City, MO, to expand its industrial fastener division.

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BBI Wins Awards For Drywall Screws & Wrench

September 18
11:58 2018

Proferred tool engineers worked with the Brighton-Best Taiwan factory to design Drywallerz screws for tighter drive tolerance and sharp points for less wobble and faster installation.

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SWD Expanding Metal Finishing Plant

September 16
23:55 2018

Delawder: "The automotive lightweighting initiative has pushed the fastener industry to produce smaller, higher strength fasteners."

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North American Lawson Locations Receive ISO 9001:2015 Certification

September 16
13:20 2018

Lawson initially received ISO certification in 2010 and has been audited and registered since 1996.

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EFC International Adds 9 To Global Staff

September 11
13:25 2018

EFC has five U.S. facilities plus locations in Germany, Mexico, Korea and China.

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Fastenal Fastener Sales Growth Slows

September 10
13:25 2018

By end market, sales to manufacturing customers rose 13.3%, while sales to non-residential construction customers climbed 18.5% in August.

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Thyssenkrupp Building New Germany Logistics Center

September 10
07:31 2018

Global materials supplier Thyssenkrupp has 480 locations in 40 countries.

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IFE Discount Deadline September 15

September 06
12:46 2018

The early bird rate for the 2018 International Fastener Expo in Las Vegas is $50. Then advance registration is $65 and onsite $75. IFE events are October 30 – November 1 at the Mandalay Bay Convention Center.

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Norma Group Names New COO

September 04
16:26 2018
    Norma Group Names New COO

Klein, who has years of experience in the automotive sector, joined NORMA Group from Schaeffler Technologies AG & Co KG, a global automotive and industrial supplier.

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McGuire Launches Sourcing Website

August 30
16:48 2018

Initially the website lists 10,000 products in 88 categories from suppliers in 81 countries.

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Driv Lok Acquired By Investors

August 30
13:49 2018
    Driv Lok Acquired By Investors

Founded in 1936, Sycamore, IL-based DRIV-LOK manufactures press-fit fastening and joining components for OEMs and fastener distributors.

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IFI Adds 6 Member Companies

August 28
20:47 2018

Chairman Johnson: Industrial Fasteners Institute member involvement leads to “technical research, training, government relations and workforce development that no one company could do on its own.”

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Atlas Bolt & Screw Names Haney

August 28
15:44 2018
    Atlas Bolt & Screw Names Haney

Haney’s career spans more than 17 years combined with roles that include Marco Industries, Metal Sales, Reed Metals as well as Central States Manufacturing.

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Chambers Retiring After 46 Years in Fastener Industry

August 23
17:31 2018
    Chambers Retiring After 46 Years in Fastener Industry

Mary Chambers started with Allen Manufacturing in 1972 and ends her career after 15 years as partner in Assembly Products. She was the 2001 Southwestern Fastener Association president.

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Specialty Screw Breaks Ground on $2.5 Million Expansion

August 22
14:38 2018
    Specialty Screw Breaks Ground on $2.5 Million Expansion

The Rockford, IL, manufacturer was founded in 1953 by four skilled cold heading tradesmen to supply fasteners to the automotive and cabinet hardware industries.

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Spirol International Receives IATF 16949 Certification

August 22
12:23 2018

The International Automotive Task Force certification covers Spirol’s Ohio and Canadian facilities. Spirol International has 15 manufacturing and sales facilities in 13 countries on four continents.

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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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Di Sebastian New Acument CEO

August 16
17:01 2018

Founded in 1995, Acument, a Fontana Gruppo subsidiary, has 1,800 employees at North American facilities.

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