Global Fastener News

HEADLINES

Field Acquires Cascade Bolt

September 24
15:34 2024
    Field Acquires Cascade Bolt

Cascade president Tom Boline will lead sales for the structural market throughout Field’s footprint and the Pacific Northwest industrial market.

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National Machinery Celebrates 150 Years

September 24
13:56 2024
    National Machinery Celebrates 150 Years

Founded in 1874 by William Anderson, the company relocated from Cleveland to Tiffin, OH, where it continues to find global success in advanced cold forming technology.

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Vertullo Named to Fastener Hall of Fame

September 24
11:44 2024
    Vertullo Named to Fastener Hall of Fame

Carmen Vertullo is celebrated for his contributions to the fastener industry as an engineer, consultant, teacher, and mentor.

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FDI Rebounds On Sales & Deliveries

September 24
10:56 2024
    FDI Rebounds On Sales & Deliveries

“Fastener market conditions and the industrial economy in general continued to be soft but slightly better... in August.”

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FDI: Fastener Market Conditions Softened in July

August 28
18:09 2024
    FDI: Fastener Market Conditions Softened in July

Fastener Distributor Index (FDI) fell below 50 for the first time since January, with several participants seeing signs of a broader slowdown beyond just seasonal weakness.

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Lamons Buys Auge Industrial Fasteners

August 28
14:03 2024
    Lamons Buys Auge Industrial Fasteners

Deal vertically integrates and strengthens Houston-based Lamons’ portfolio of fastening solutions.

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BlackHawk Names New Fastener Division GM

August 28
13:14 2024
    BlackHawk Names New Fastener Division GM

Bob Miller will replace current Fasteners GM Keith Shope, who is preparing to retire as BlackHawk retools its fastener division leadership.

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Fastenal Fastener Sales Continue Sinking

August 28
12:58 2024
    Fastenal Fastener Sales Continue Sinking

Monthly fastener sales at Fastenal Co. continue to seesaw amid weaker industrial production and lower pricing.

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FINdex Drops On Lower Manufacturing

July 26
14:44 2024
    FINdex Drops On Lower Manufacturing

Facing ongoing headwinds in U.S. manufacturing economic activity, only two FIN Fastener Stock Index companies — both aerospace suppliers — achieved stock price gains in the second quarter.

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Great Lakes Acquires Superior Components Supply

July 26
13:40 2024
    Great Lakes Acquires Superior Components Supply

Deal marks “a significant milestone in its strategic expansion plans to serve manufacturers headquartered throughout the greater Midwest and Atlantic regions.”

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June FDI Softens Amid ‘Pre-Election Jitters’

July 26
11:47 2024
    June FDI Softens Amid ‘Pre-Election Jitters’

“Neither guy is going to do our industry any favors,” a U.S. fastener distributor explained as survey results revealed fastener market conditions worsened in June.

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Fastenal Fastener Sales Strengthened in June

July 26
09:06 2024
    Fastenal Fastener Sales Strengthened in June

Weak industrial product and lower pricing continued to hurt the company’s fastener sales but the rate of decline slowed.

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MDM Lists Top 20 North American Fastener Distributors

June 24
16:44 2024
    MDM Lists Top 20 North American Fastener Distributors

“2023 may be remembered as the first ‘normal’ year since 2019 in terms of supply chain conditions and escalating inflation,” according to Modern Distribution Management.

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AFC Industries Acquires Circle Bolt & Nut

June 24
15:32 2024
    AFC Industries Acquires Circle Bolt & Nut

Deal to buy Pennsylvania-based Circle Bolt & Nut (CBN) from Optimas OE Solutions expands AFC's market reach in the Eastern U.S.

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Fastenal Fastener Sales Decline Nearly Doubles

June 24
14:03 2024
    Fastenal Fastener Sales Decline Nearly Doubles

Fastenal Co. reported fastener sales dropped to 30.8% of overall sales in May, nearly doubling April’s rate of decline.

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U.S. Triples Tariffs on Chinese Steel/Aluminum

May 28
15:11 2024
    U.S. Triples Tariffs on Chinese Steel/Aluminum

U.S. President Joe Biden imposed tariffs on $18 billion worth of goods, tripling the tariff on Chinese steel and aluminum to 25%.

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H.B. Fuller Acquires ND Industries

May 28
14:11 2024
    H.B. Fuller Acquires ND Industries

Founded in 1955, Greater Detroit-based ND Industries manufactures adhesives, sealants and thread-locking technologies for fasteners and assemblies.

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China EV Boom Drives Taiwan Auto Fastener Rebound

May 28
09:51 2024
    China EV Boom Drives Taiwan Auto Fastener Rebound

Orders for automotive nuts have rebounded to more than 70% of pre-recession levels, “although the recovery is relatively slow,” Fastener World magazine reports.

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LISI Partners on AI for Autonomous Machining

May 28
08:09 2024
    LISI Partners on AI for Autonomous Machining

LISI Group and Watch-Out have partnered to develop a disruptive AI solution for fully autonomous machining that is now operational.

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Strandquist Posthumously Named NFDA Fastener Pro

April 30
10:33 2024
    Strandquist Posthumously Named NFDA Fastener Pro

Doug Ruggles: “I don’t know anyone who has had a broader impact on the industry driving professionalism, growth, and a commitment to giving back.”

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