Global Fastener News

HEADLINES

SHOW NEWS: Budapest Show Outpacing Past Shows

June 21
00:00 2010

6/21/2010 HEADLINES SHOW NEWS: Budapest Show Outpacing Past Shows Fastener Fair Budapest has already outgrown the first show held in 2008. The Eastern European trade show will be September 6-7,...

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SHOW NEWS: China Show Draws From 28 Countries

June 21
00:00 2010

6/21/2010 HEADLINES SHOW NEWS: China Show Draws From 28 Countries The third Fastener Trade Show in Hangzho, China reported 239 exhibiting companies with 282 booths on 13,000 sq meters of...

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Platinum Equity Selling Avdel To Pan-Asian Private Equity Firm

May 27
00:00 2010

5/24/2010 HEADLINES Platinum Equity Selling Avdel To Pan-Asian Private Equity Firm Platinum Equity, the parent company of Acument Global Technologies, signed a definitive agreement to sell Acument’s Avdel and Global...

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B&B Hardware Files Multi-Million Dollar Lawsuit Against Fastenal Over Exclusivity Contract; Fastenal Responds

May 24
00:00 2010

5/24/2010 HEADLINES B&B Hardware Files Multi-Million Dollar Lawsuit Against Fastenal Over Exclusivity Contract; Fastenal Responds Fastenal Responds Fastenal addressed the issue in recent SEC filings. The following was taken from...

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PERSPECTIVE – Report: 1 in 8 UK Fastener Companies Could Change Ownership Due to Economy

May 24
00:00 2010

5/24/2010 HEADLINES PERSPECTIVE – Report: 1 in 8 UK Fastener Companies Could Change Ownership Due to Economy A Plimsoll Industry Analysis on the fastener industry finds “cash rich competitors waiting...

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SHOW NEWS: All American Fastener Show, NIFS/East

May 24
00:00 2010

5/24/2010 HEADLINES SHOW NEWS: All American Fastener Show, NIFS/East NIFS/East Returning to Battelle Hall in Columbus for 2011 The National Industrial Fastener Show/East will return to the hall where the...

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CLASSIFIED: Central North Carolina Distributor For Sale

May 24
00:00 2010

5/24/2010 HEADLINES CLASSIFIED: Central North Carolina Distributor For Sale Central North Carolina Distributor • 45-Year-Old Company • Great reputation. • Fasteners – Industrial – STAFDA For information contact: Charles Milam,...

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CLASSIFIED: Engineering/Tool Design, Elgin Fastener Group – Cleveland

May 24
00:00 2010

5/24/2010 HEADLINES CLASSIFIED: Engineering/Tool Design, Elgin Fastener Group – Cleveland Seeking an experienced engineer for cold-heading part and tooling design. AutoCAD, Excel proficiency and fastener tooling design experience a must....

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CLASSIFIED: Seasoned Sales Associate Wanted

May 24
00:00 2010

5/24/2010 HEADLINES CLASSIFIED: Seasoned Sales Associate Wanted Page Industrial Supply, Inc. is looking for a sales associate with prior experience in the fastener industry. Our fastener company services the continental...

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Stock Report: B/E AEROSPACE

May 17
00:00 2010
    Stock Report: B/E AEROSPACE

5/17/2010 HEADLINES Stock Report: B/E AEROSPACE Sales at B/E Aerospace’s fastener business, Consumables Management, dropped 23.5% to $798.1 million on a proforma basis during 2009. The company said the decline...

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Stock Report: GRAINGER

May 17
00:00 2010
    Stock Report: GRAINGER

5/17/2010 HEADLINES Stock Report: GRAINGER Grainger reported sales declined 9% to $6.2 billion in 2009, while net earnings fell to $430 million and earnings per share dropped 6% to $5.62....

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Stock Report: ITW

May 17
00:00 2010
    Stock Report: ITW

5/17/2010 HEADLINES Stock Report: ITW With “virtually all OEMs boost(ing) production,” ITW reported sales at its Transportation segment, including fasteners, increased 9.6% to $593.1 million during the fourth quarter of...

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Stock Report: PARK-OHIO

May 17
00:00 2010
    Stock Report: PARK-OHIO

5/17/2010 HEADLINES Stock Report: PARK-OHIO Park-Ohio’s Supply Technologies reported revenue, including fasteners, rose 13.5% to $94.2 million during the opening quarter of 2010, while operating income swelled to $4.5 million....

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Stock Report: H. PAULIN

May 17
00:00 2010
    Stock Report: H. PAULIN

5/17/2010 HEADLINES Stock Report: H. PAULIN H. Paulin reported sales decreased 10% to CAD 123.1 million during 2009, while operating income rose 20% to CAD 3.4 million and net income...

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Stock Report: PRECISION CASTPARTS

May 17
00:00 2010
    Stock Report: PRECISION CASTPARTS

5/17/2010 HEADLINES Stock Report: PRECISION CASTPARTS Precision Castparts reported Fastener Products sales for fiscal 2010 dropped 12% to $1.4 billion, while segment operating income declined 4.3% to $439.3 million, or...

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FINdex Comes Roaring Back

May 17
00:00 2010

5/17/2010 HEADLINES FINdex Comes Roaring Back After gaining 10% in the final quarter of 2009, the FIN Fastener Stock Index came roaring back in the first quarter of 2010, jumping...

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Stock Report: BARNES GROUP

May 17
00:00 2010
    Stock Report: BARNES GROUP

5/17/2010 HEADLINES Stock Report: BARNES GROUP Revenue at Barnes Logistics and Manufacturing Services, including fasteners at Barnes Distribution, slipped 22% to $539.1 million during 2009, hurt by continued weakness in...

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Stock Report: CARPENTER TECHNOLOGIES

May 17
00:00 2010
    Stock Report: CARPENTER TECHNOLOGIES

5/17/2010 HEADLINES Stock Report: CARPENTER TECHNOLOGIES Carpenter Technologies reported aerospace market sales, including fasteners, rose 2% to $149.4 million in the third quarter of fiscal 2010. Excluding surcharge revenue, aerospace...

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Stock Report: CHICAGO RIVET

May 17
00:00 2010
    Stock Report: CHICAGO RIVET

5/17/2010 HEADLINES Stock Report: CHICAGO RIVET “Economic conditions, which were weak at the close of 2008, worsened in early 2009 and had a dramatic impact on revenues in both the...

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Stock Report: DORMAN

May 17
00:00 2010
    Stock Report: DORMAN

5/17/2010 HEADLINES Stock Report: DORMAN Dorman Products continued its growing revenue, with 2009 sales rising 10% to $377.4 million, “driven by strong overall demand for our products and higher new...

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