Global Fastener News

HEADLINES

Report: U.S. Fastener Tariff Hikes Cancelled

January 06
08:35 2020
    Report: U.S. Fastener Tariff Hikes Cancelled

Tariffs were set to increase to 30% from 25% on the goods, including bolts, screws and other fasteners manufactured in China.

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FINdex Gains Outpace Related Industrial Stocks in ’19

January 06
07:44 2020
    FINdex Gains Outpace Related Industrial Stocks in ’19

The FIN Fastener Stock Index gained 33.7% in 2019, besting a 24.4% increase by an index of related industrial stocks. EACO (Bisco Industries) achieved the highest percentage gain, improving 84% during the year.

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All-West Demonstrates How to Move A Distributorship

January 06
06:07 2020
    All-West Demonstrates How to Move A Distributorship

Once All-West Components & Fasteners Inc. was having to unload pallets in the conference room, the need to move became obvious. CFO Bobby Thompson began what turned out to be a year of scouting for a new office / warehouse combination.

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Fastener Fair France Expanding Aerospace Sector

January 06
04:36 2020

Global aerospace fasteners market projected to increase CAGR 7.6% until 2024.

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China Increasing Air Quality Regs For Industry

January 06
03:31 2020
    China Increasing Air Quality Regs For Industry

Southern California-based Ship & Shore, an environmental pollution abatement and energy solutions firm, opened a manufacturing facility in Shanghai. Ship & Shore has a variety of fastener-related customers in the U.S., including J&M Plating, Michigan Metals and Rightway Fasteners.

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Howmet Aerospace To Emerge in Q2 2020

January 06
02:46 2020

Arconic, which includes Alcoa’s former $1.8 billion Fastening Systems and Rings business, is on track to separate its portfolio businesses by the second quarter of 2020.

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PennEngineering Acquires Tokyo-Based Eurotec Ltd.

January 06
02:03 2020
    PennEngineering Acquires Tokyo-Based Eurotec Ltd.

The acquisition will provide the Japanese market with permanent access to PennEngineering's PEM and PROFIL fasteners and installation equipment, the company stated.

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AFC Industries Acquires Chess Group

January 06
01:22 2020

Chess is the 10th fastener distributor AFC has acquired since being purchased in 2015 by Incline Equity Partners.

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Brighton-Best Completes Acquisition of Glove Supplier

January 06
01:07 2020
    Brighton-Best Completes Acquisition of Glove Supplier

Memphis-based CleanFit Associates manufactures personal protective equipment in Asia, Vietnam, India, Thailand, Malaysia, China and Indonesia.

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Bulten To Acquire PSM International

January 06
00:39 2020
    Bulten To Acquire PSM International

The Swedish fastener manufacturer said the deal strengthens its position in the international fasteners market and provides a “strong platform for continued growth globally.”

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FTC Acquired By Shimtech Industries

January 06
00:07 2020
    FTC Acquired By Shimtech Industries

Fastener Technology Corp. is a North Hollywood, CA-based supplier of high-strength specialty fasteners for commercial and military aerospace applications.

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SHORTTAKES: Birmingham Fastener, Field, Hisco, Laboratory Testing Inc., North East Fasteners, Optimas Solutions & Spirol

January 06
00:01 2020

Birmingham Fastener opened two branch locations: New York Fastener and Iowa Fastener. These locations will focus on distribution and Vendor Managed Inventory (VMI) sales. New York Fastener, based in Elmira,...

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U.S. Finds Dumping of Threaded Rod From Taiwan

December 10
09:31 2019
    U.S. Finds Dumping of Threaded Rod From Taiwan

In 2018, threaded rod imports from Taiwan increased 16.2% to 81,244 metric tons, with the value rising 12% to an estimated $156.1 million, according to U.S. Census Bureau data.

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Fasteners Inc. CFO Sentenced To Year In Prison

December 10
07:04 2019

William Jones reportedly hid statements showing he used the Spokane, WA, distributorship’s credit card to pay for personal expenses, including his daughter’s college tuition and landscaping at his residence. Fastenal acquired Fasteners Inc. in 2015.

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Beaulieu At STAFDA: Tariffs “Definitely Painful”

December 10
06:31 2019
    Beaulieu At STAFDA: Tariffs “Definitely Painful”

Beaulieu doesn’t think the U.S. and China are close to a trade deal that would reduce or eliminate tariffs. The two countries “can’t even agree on a ‘little’ moonwalk of walking back tariffs in a Phase 1 deal.”

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Earnest Machine Launches Zirks

December 10
05:49 2019
    Earnest Machine Launches Zirks

Importing platform was created to reduce lead times on commoditized items without increasing cost.

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STAFDA’s Knowlton: ‘Sales Is All About Problem Solving And People’

December 10
04:47 2019
    STAFDA’s Knowlton: ‘Sales Is All About Problem Solving And People’

Knowlton said his sales career “blossomed” once “my customers and distributors became my friends and my business partners as we grew together.”   

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Bulten Opens New Facility In China

December 10
03:45 2019

The Swedish fastener manufacturer said the move provides it a “modern and fully integrated plant with cold forming, heat treatment and surface treatment,” making Bulten one of the few fastener suppliers in China that controls all steps in the manufacturing process in-house.

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STAFDA’s Nashville Show ‘Best Attended’ Since 2007

December 10
03:19 2019
    STAFDA’s Nashville Show ‘Best Attended’ Since 2007

The 43rd annual Specialty Tools & Fasteners Distributors Association Convention & Trade Show included more than 4,900 attendees and 690+ booths, CEO Georgia Foley announced.

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2020 Fastener Fair USA Includes Conferences & Tour

December 10
02:49 2019

The third Fastener Fair USA will be May 18-20, 2020, in Charlotte.

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