Global Fastener News

NEWS BRIEFS

Fastener Tech Starts ’19 Booth Sales

July 31
11:18 2018

The biennial trade show will be June 3-5, 2019, in Rosemont, IL, near Chicago’s O’Hare International Airport.

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Jessee New VP of Market Strategies for Hahn Systems

July 30
00:30 2018

Global industry and building sector product distributor Descours & Cabaud acquired Indiana-based Hahn in 2016. Founded in 1782, D&C is headquartered in Lyon, France.

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Lawson Products Sales Rise

July 26
17:50 2018

Average daily sales increased 21.3% to $1.41 million, boosted by $9.8 million from the inclusion of the Bolt Supply acquisition and a 9.1% improvement in Lawson's sales per rep per day productivity.

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ITW Sees Organic Fastener Sales Growth

July 24
16:51 2018

Overall ITW revenue improved 7% to $3.8 billion in Q2, which included organic growth of 4% driven by 5% growth in North America.

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Vlier Products Marking 75th Anniversary

July 24
00:54 2018

After supplying parts for World War II bombers and battleships, Vlier created what would become its flagship product: the Vlier Pin to fixture small parts in tight, compact spaces.

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Fastener Sales Up at Stanley Black & Decker

July 23
14:07 2018

“Significant automotive & industrial fastener penetration gains were partially offset by the anticipated impact from lower automotive system shipments.”

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Grainger Sales Increase on Volume

July 19
23:22 2018

"The second quarter exceeded our expectations, with strong growth from U.S. large and medium customers, gross profit that was better than anticipated and meaningful operating expense leverage,” said CEO DG Macpherson.

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Sherex Taiwan Receives IATF Certification

July 19
23:00 2018

Accreditation requires quality systems focusing on continuous improvement to prevent defects, and eliminate high variation and waste throughout the supply chain. 

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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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