Global Fastener News

HEADLINES

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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Brighton-Best’s Halpin Chairs FIC

December 10
02:16 2019
    Brighton-Best’s Halpin Chairs FIC

Chuck Halpin of Brighton-Best International is the new chair of the Fastener Industry Coalition, and John Wachman of the Fastener Training Institute is vice chair.

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NFDA, SEFA & STAFDA Sponsor UID

December 10
02:12 2019

The tracks in the Sunday-through-Wednesday schedule are: Distribution strategy; leadership / professional development; management + HR; marketing; operations; and sales.

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Age of Global Transformation

December 10
01:44 2019

The classic process of adopting any tech and “flipping the switch” is obsolete, Leyden noted. The old ways of doing business will hang on until suddenly a majority embrace new tech, at which point it changes how something is accomplished.

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What STAFDA Employers Look For

December 10
01:40 2019

Participants at the Specialty Tools and Fasteners Distributors Association’s NextGen Networking luncheon received advice from business executives.

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SHORTTAKES: BUMAX, Sherex, Tree Island Steel, Trifast and United Performance Metals

December 10
01:35 2019

Swedish fastener manufacturer  BUMAX received a SEK 1.7 million (US$177,333) order for corrosion resistant and maintenance free studs to be used for a wind farm off the Belgian coast. BUMAX said...

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