Global Fastener News

NEWS BRIEFS

Würth Group Reports Record Growth

July 18
23:50 2018

“We still expect that we will be able to report sales and operating result records again in 2018,” stated Robert Friedmann, Chairman of the Central Managing Board of the Würth Group.

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Fastener Fair India Draws 140 Exhibitors

July 18
22:51 2018

The majority of 2018 exhibitors were India-based companies. Exhibitors also came from China, Taiwan, Germany, South Korea, Japan and Turkey.

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G.L. Huyett Acquires AZ Lifting Hardware

July 16
12:03 2018
    G.L. Huyett Acquires AZ Lifting Hardware

“We now have a warehouse located in the Southwest, allowing us to reduce freight costs to the West Coast for G.L. Huyett products, as well as plans to dispatch lifting hardware to our Tennessee Warehouse to reduce freight costs for customers on the East Coast,” stated CEO Tim O’Keeffe.

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Nord-Lock Acquires Spanish Distributor IDQ

July 16
10:06 2018

Founded in 1997, IDQ has seven employees and reported sales of SEK 17 million (US$1.92 million) in 2017.

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Bossard Reports ‘Accelerated’ Growth

July 12
20:30 2018
    Bossard Reports ‘Accelerated’ Growth

Strong growth delivered by “high growth in sales” in Europe and Asia.

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Click Bond Promotes Fastener Veteran

July 12
20:28 2018

Previously he worked with Shur-Lok, Alcoa and Arconic, TriMas/Monogram Aerospace, GS Aerospace, and Lisi Aerospace.

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Fastenal Fastener Sales Up Double-Digits

July 12
02:08 2018

Consolidated sales increased 13.1% to $1.28 billion, driven by higher unit sales and contributions from industrial vending and onsite locations.

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American Elite Marks 20th Anniversary

July 12
01:37 2018

Today’s Florida-based manufacturer founded as Bay State Cable Ties in Massachusetts in 1998.

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EIFI: 2018 Automotive Sales to Rise 2.1%

July 06
00:07 2018

In the 2018 general session it was reported that during 2017 the European economy grew at its fastest rate in 10 years, with all member states reporting recovery.

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Ship & Shore Enters Fastener Industry

July 03
13:47 2018
    Ship & Shore Enters Fastener Industry

Company entering the fastener industry to provide pollution abatement.

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Phillips Promotes Dilling To New Engineering Role

July 02
15:37 2018
    Phillips Promotes Dilling To New Engineering Role

Phillips Screw CEO Hurley: “The lifeblood of any growth company is new products and service, What keeps me up at night, is how we continue to keep the pipeline of innovation full.”

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U.S. Issues Steel Exclusions from 232 Tariffs

July 01
15:27 2018
    U.S. Issues Steel Exclusions from 232 Tariffs

More denials than approvals amid reports that “large steel companies like US Steel (X) and Nucor (NUE) have tried to block many requests at the last minute, giving businesses that want exemptions little or no time to respond.”

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Steel Group Suit Challenges Trump Tariffs

June 28
14:04 2018

Lawsuit comes amid news that Missouri-based Mid Continent Nail Corp. laid off 60 workers after losing 50% of its business in the first two weeks of June.

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Beaulieu at NFDA: 2018 Is A Year For Spending

June 27
12:58 2018
    Beaulieu at NFDA: 2018 Is A Year For Spending

This is a time to “borrow and invest in inflation-beating investments such as new product lines or opening in a new geographic territory, Beaulieu suggested. “Lock in your lease.”

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Bossard Names European Business Manager

June 27
12:53 2018

Hilgers, 52, will take over for Dr. Daniel Bossard, who becomes the Group’s new CEO next year. 

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Mountz Named ‘Top Workplace’ for 5th Straight Year

June 26
11:50 2018
    Mountz Named ‘Top Workplace’ for 5th Straight Year

“Being named a Top Workplace is a humbling achievement, especially because the judges are our employees,” stated CEO Brad Mountz.

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Social Media Selling and ‘Fear’ in Selling Among 2018 STAFDA Workshops

June 26
10:44 2018

The 42nd annual Specialty Tools & Fasteners Distributors Association convention will be October 28-30, 2018, in Phoenix.

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EU Counters 232 Measures with Fastener Tariffs

June 21
19:19 2018
    EU Counters 232 Measures with Fastener Tariffs

News that the European Union will apply 25% “rebalancing” tariffs on a range of products imported from the U.S., including seven categories of fasteners, comes amid reports that the U.S. Commerce Department is scrambling to assemble a team to evaluate thousands of exclusion requests.

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PPG Hikes Prices 6% On North American Coatings

June 20
11:52 2018

VP Braun cites raw material and labor costs.

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Optimas Acquires Circle Bolt & Nut

June 19
01:10 2018
    Optimas Acquires Circle Bolt & Nut

Founded in 1979, Circle Bolt supplies standard fasteners and custom specialty fasteners, as well as vendor managed inventory, for OEMs and MROs.

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