Global Fastener News

1979 FIN – First Fastener Industry News Published

May 19
00:00 2009


Articles in the first FIN
Mid-State Bolt & Nut Company acquired Capitol Sales Inc.
Ninowski, Wood & McConnell opened as a manufacturers rep in Birmingham, Michigan. Set Screw Mfg. Co. changed its name to Setko Fasteners
Metal Building Bolts Corp. opens warehouses in Utah and Tennessee
Spirol International Co. established an affiliate in France
SPS Technologies Inc. acquired T.J. Brooks of Leicester, England from UK’s GKN Group
Lamson & Sessions Co. agreed to acquire Midsco Inc.
Brighton-Best Socket Screw Mfg. Co. opened its 16th U.S. warehouse
Everlock Chicago, Gesipa Fasteners USA, Accurate Threaded Fasteners Inc. and Cuyahoga Bolt & Screw Co. joined the Industrial Fasteners Institute
Peltzer & Ehlers America will open a new plant and offices in Carol Stream, IL.
N-D Industries moved its Cleveland operations
Metal Forming Systems Inc. opened an office in Wheeling, IL, as the North American sales & service arm for Rheinmetall Umformtechnik GmbH
The Chicago Bolt, Nut & Screw Association held its 27th annual golf outing
Nick Weiss of Federal Screw Products succeeds Jerry McCarthy of Stegemeyer Screws as president of the Purchasing Agents of CBNSA
The Department of Defense and the American National Standard Institute formed an ad hoc metric fastener standards committee.
Purchasing World magazine forecasted bolt, nut, screw and rivet prices would increase 7.6% from 1978 to 1979; 6.6% from 1979 to 1980; 6.1% from 1980 to 1981; and 4.3% from 1981 to 1982.
Norman Tash of Homan Fasteners Inc. succeeded Jack O’Donoghue of Accurate Fasteners Inc. as the new president of the National Fastener Distributors Association. Paul Lemke Jr. of Thruway is the new vice president and George Wasmer of Lake Erie Screw Corp. is the new associate chairman.
Western Pacific Data Systems developed a data processing system for the fastener industry. ©1979/2009 Fastener Industry News

Editor’s Note: The following is the introduction of Fastener Industry News by founder and first editor/publisher Dick Callahan on the front page of the first issue of FIN. The original annual subscription price was $100.

July 10, 1979

RIDGEFIELD, CONNECTICUT – This being your first look at Fastener Industry News (FIN) you might be somewhat curious about the publication and the people behind it.

Let’s start off by introducing ourselves properly. FIN is a wholly-owned enterprise of Business Information Services, Inc., which also publishes (since 1973) a newsletter called Wire Industry News (WIN) as well as an annual called Directory of Wire Companies of North America. The publisher of FIN (and the president and owner of Business Information Services, Inc.) is also the publisher/editorial director of the magazines, Wire Technology and Fastener Technology which are published by Wire Technology, Inc. of Stamford, Conn. However, there is no corporate link between Business Information Services, Inc. and Wire Technology, Inc. Both are separate and independent enterprises with their own offices.

FIN will be a bi-weekly newsletter of eight pages and will begin its bi-weekly schedule with the issue of August 15, our next issue. Subscribers to the publication will be billed from that issue onwards. This one’s on us.
©1979/2009 Fastener Industry News

Besides providing news about companies and individuals in the fastener industry we also plan to have several special issues each year on topics that warrant special attention as well as surveys on business conditions in the fastener industry. These will come as part of the regular subscription price.

We’ll keep you up to date with what’s happening but to do so we’ll need your help. We want you to write us or call us and fill us in about what you’re doing. Some of the large companies in the industry have regular public relations people to do that for them but we want to hear from the small companies too. If you have a mailing list for information about your company, add us to it.

We don’t claim to be experts in this field. We’re reporters. And like any neophyte we’re going to make mistakes. But we’re quick learners and we think we’ll have something of real value to contribute to this industry as we mature. That’s enough about us, let’s get started with the more important subject of what’s happening in the industry. ©1979/2009 Fastener Industry News

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