Global Fastener News

HEADLINES

IFE Still Scheduled For September 28-30 in Las Vegas

July 01
23:33 2020
    IFE Still Scheduled For September 28-30 in Las Vegas

“We continue to monitor the situation and will aim to bring you the latest, most relevant updates,” show owner Emerald Expositions announced.

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Economist Tells NFDA: Expect a Volatile Recovery

July 01
22:36 2020

Before COVID-19, ITR Economics was forecasting the first half would be a mild slowing, picking up in the second half.

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Endries International Acquires All-West

July 01
22:02 2020
    Endries International Acquires All-West

Endries marking 50th anniversary this year and All-West’s Rick Peterson finishes 50 years in the fastener industry.

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Johnson, Lumm Head IFI for 2020-2021

July 01
21:41 2020
    Johnson, Lumm Head IFI for 2020-2021

Johnson of Birmingham Fastener Inc. succeeds Manny DeSantis of Valley Fastener Group.

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LlSI Group Acquires Termax

July 01
20:47 2020

This transaction, initially planned for the first quarter of 2021, makes LISI the sole owner of Termax.

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Grainger Selling Fabory to Dutch Firm

July 01
20:30 2020
    Grainger Selling Fabory to Dutch Firm

Founded in 1947 as Borstlap & Sons, Netherlands-based Fabory employs 1,100 to supply fasteners to more than 60,000 customers in EU markets.

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Glebar Acquires Everite Machine Products

July 01
20:15 2020

Founded in 1950, Everite provides electrochemical grinding technology to multiple industries, including the medical and aerospace markets.

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Primetals Sells 3 Wire Rod Mills

July 01
19:45 2020
    Primetals Sells 3 Wire Rod Mills

The buyer is one of the largest raw material suppliers for fasteners in northern China.

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May FDI Rebounds From Record Low

July 01
17:53 2020

“Several participants commented that business activity seems to have leveled off or improved since April, implying a majority of respondents have perhaps already seen the bottom,” R.W. Baird analyst David Manthey wrote.

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Precision Castparts Lays Off 717 Workers

July 01
14:56 2020

PCC, which manufactures aerospace fasteners and other components, attributed the layoffs to COVID-19.

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SHORTTAKES:

July 01
10:57 2020

Acument Global Technologies Inc. named its 2019 TORX brand fastener and drive systems quality award winners. There are 17 fastener manufacturers and seven drive tool manufacturers from eight countries: China,...

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Some U.S. Fastener Sales Halved Amid Covid-19

May 19
05:01 2020
    Some U.S. Fastener Sales Halved Amid Covid-19

U.S. fastener executives report production and sales figures have dropped as much as 45%, according to an informal May 2020 survey conducted by GlobalFastenerNews.com.

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Endries Int’l Marks 50th Anniversary

May 19
03:00 2020

Bob Endries was selling hoods, fenders and other car parts for a distributor to auto body shops but wasn’t comfortable with the company’s ethics.   Limited by territories and other rules,...

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Taiwan Gaining From Control of Covid-19?

May 19
01:56 2020
    Taiwan Gaining From Control of Covid-19?

“Its government leveraged technology to trace and quarantine sick people, upped its mask production, and trained communities for lockdowns through large-scale simulations.”

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U.S. Fastener Industry Sheltering In Place Amid COVID-19 Pandemic

March 17
13:04 2020
    U.S. Fastener Industry Sheltering In Place Amid COVID-19 Pandemic

Industrial fastener companies in the U.S. have cut travel and limited face-to-face interactions with customers in an attempt to keep employees safe and minimize the spread of the coronavirus.

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Howmet Aerospace Names Co-CEOs

March 17
06:23 2020

Arconic CEO John Plant has agreed to a three-year employment agreement to lead Howmet Aerospace as co-CEO. Tolga Oal, who currently serves as President of Arconic Engineered Structures, will serve as co-CEO.

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Labor Shortage “Going To Get Worse”

March 17
05:27 2020
    Labor Shortage “Going To Get Worse”

The U.S. actually needs more immigrants, advised economist Christopher Thornberg.

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Bulten Combining U.S. Operations And PSM Int’l

March 17
04:11 2020

Bulten signed a twelve-year lease of approximately $1 million per year for the new facility, which will be located in Streetsboro between Bulten's current plant in Hudson and PSM’s in Youngstown.

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FDI Continued To Improve In February

March 17
03:20 2020
    FDI Continued To Improve In February

“Of note, the improvement in the sales index was driven mainly by the seasonal adjustment factor, as the percentage of respondents seeing better-than-expected sales actually decreased vs. last month, although this is not usual given February is normally a seasonally weaker month,” R.W. Baird analyst David Manthey wrote.

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Fastenal Pilots Electric Truck Delivery In Los Angeles

March 17
02:44 2020
    Fastenal Pilots Electric Truck Delivery In Los Angeles

A battery electric Freightliner eM2 straight truck began service in the Fastenal fleet in early January, making deliveries to 28 Fastenal branches and Onsite locations in the Los Angeles metro area.

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