Global Fastener News

HEADLINES

Motor City Acquires Quality Fastener

June 10
04:56 2019

Founded in 1982, Oxford, MI-based Quality Fastener distributes industrial fasteners and ancillary products to blue-chip customers and local businesses.

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IFE Invites 2019 Hall of Fame Nominations

June 10
04:56 2019

The IFE Hall of Fame and Young Fastener Professional awards are administered by an International Fastener Expo selection committee.

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Detroit Fastener Fair Draws 260 Exhibitors

June 10
03:53 2019

The third Fastener Fair USA will be May 20-21, 2020, in Charlotte, NC.

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2019 Stuttgart Attendance Up 3%

June 10
02:07 2019

There were 987 exhibiting companies from 45 countries. That makes the number of exhibitors up about 10% and total exhibition space up about 5%.

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Mowins Retires From Phillips Screw

June 10
00:33 2019
    Mowins Retires From Phillips Screw

Among the changes during his Phillips tenure is the “emergence of ISO 9000 in it’s many forms – AS9100, QS9000, etc. – as the global standard for quality assurance.”  

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Orange & Blue Socks Announce Unbrako / Earnest Alliance

June 10
00:28 2019
    Orange & Blue Socks Announce Unbrako / Earnest Alliance

Earnest Machine and Unbrako Socket Products announced their new alliance by giving out orange and blue socks with their logos at Fastener Fair USA. Earnest is now a master distributor of Unbrako Socket Products to North America.

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SHORTTAKES: INxSQL and United Performance Metals

June 10
00:24 2019

INxSQL is adding 2,800 sq ft to its 3,200 sq ft Michigan headquarters, CEO Bob Reynolds announced. There will be 13 additional offices to the 17 original, a large conference...

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$350,000 Paid As Cable Tie Manufacturers Settle Lawsuits

June 10
00:21 2019

American Elite Molding issued two apologies and paid Advanced Cable Ties $350,000 to settle lawsuits.

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Trump Hikes Fastener Tariffs

May 20
08:44 2019
    Trump Hikes Fastener Tariffs

U.S. President Donald Trump hiked 10% tariffs on $200 billion of fasteners and other select goods manufactured in China to 25% beginning Friday, May 10 at 12:01 am. The original 10% duty on Chinese fasteners was applied September 24, 2018, prompting the U.S. fastener industry to immediately raise prices.

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U.S. To Lift 232 Metal Tariffs For Canada And Mexico

May 20
05:14 2019
    U.S. To Lift 232 Metal Tariffs For Canada And Mexico

The move will lift the 25% steel and 10% aluminum tariffs the U.S. placed on its North American neighbors almost a year ago. The tariffs are slated to end within 48 hours.

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G.L. Huyett Opens Tech Center Where Cabela’s Left

May 20
03:17 2019
    G.L. Huyett Opens Tech Center Where Cabela’s Left

Sidney, Nebraska, is the former headquarters of Cabela’s Inc., which was downsized after it was acquired. Former Cabela’s employees now use their skills for Huyett.

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SHORTTAKES: Assembled Products, PennEngineering and WINA

May 20
02:43 2019

Deere & Company inducted Assembled Products Inc. into its Supplier Hall of Fame. API also was honored as a Partner-level supplier for 2018 as the Enterprise Supply Management Supplier of...

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Kyocera To Acquire SouthernCarlson

May 20
01:34 2019
    Kyocera To Acquire SouthernCarlson

Omaha, NE-based SouthernCarlson has more than 900 employees that operate 150 locations to provide screws, anchors, bolts, nuts and washers, along with other products.

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Equity Firm Buys LindFast

April 22
23:29 2019
    Equity Firm Buys LindFast

Nautic Partners LLC completed the acquisition of LindFast Solutions Group in partnership with LindFast management.

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Würth Revcar Marking 50th Anniversary in 2019

April 22
23:06 2019
    Würth Revcar Marking 50th Anniversary in 2019

Jim Revercomb and Jack Carter opened the fastener supply store on March 10, 1969, in Virginia.

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Derry Links Company Culture To 19% Annual Growth

April 22
21:45 2019
    Derry Links Company Culture To 19% Annual Growth

“Every company has a culture. You get it by accident or by design. Make it by design.”

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Q1 FINdex Recoups Losses

April 22
20:50 2019
    Q1 FINdex Recoups Losses

Most aerospace, automotive and industrial fastener companies tracked by the FIN Fastener Stock Index posted stock gains during the first three months of 2019.

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U.S. Tariff on Chinese Fasteners To Continue

March 25
15:25 2019
    U.S. Tariff on Chinese Fasteners To Continue

The original tariff of 10% will continue for a “substantial period of time because we have to make sure that if we do the deal with China that China lives by the deal,” U.S. President Donald Trump stated in late March.

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Fastener Innovator 2019 Announced At Stuttgart

March 25
08:24 2019
    Fastener Innovator 2019 Announced At Stuttgart

Flat safety washers, miniature screw threader, and thread-forming screws for thin sheet metal were the 2019 new product winners announced at Fastener Fair Stuttgart.

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Panel: How To Treat Customers

March 25
06:07 2019
    Panel: How To Treat Customers

Mike Bailey of Nucor Fastener, Marc Strandquist of Würth Industry North America, Field CEO Bill Derry spoke on the “Future of Fastener Distribution” during the joint conference of the NFDA, Mid-West Fastener Association and Pacific-West Fastener Association in San Diego.

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