Global Fastener News

HEADLINES

Derry, Simmer Lead NFDA For 2020-21

July 28
13:10 2020
    Derry, Simmer Lead NFDA For 2020-21

Adam Derry becomes the third Derry to be president of the National Fastener Distributors Association.

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LINC Systems Acquires Active Sales Co.

July 28
12:53 2020
    LINC Systems Acquires Active Sales Co.

The deal for the Santa Fe Springs, CA-based fastener distributor marks LINC Systems’ third acquisition in 2020.

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Fastener Fair Stuttgart Reports 80% of 2021 Space Booked

July 28
12:30 2020

The 9th biennial FFS is scheduled May 18-20, 2021, in Germany.

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SWD Marking 40th Anniversary

July 28
11:25 2020

In March 1980, SWD began black oxidizing, cleaning and pickling on used equipment with three employees in a 9,000 sq ft facility.

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SHORTTAKES: Birmingham Fastener, BoltsandNuts.com, Gilchrist Foundation, Spirol and Valley Forge & Bolt

July 28
10:32 2020

Birmingham Fastener and Supply Inc. became a master distributor of Nucor fasteners to better serve their customers. This partnership enables Birmingham Fastener to provide immediate turnaround of hex cap screws....

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FTI Offering Online Course on Socket Products

July 28
09:20 2020

The Socket Products course is about safely selling, using and processing socket products, which have high strength and high precision.

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Bulten Invests in TensionCam Systems

July 28
07:19 2020
    Bulten Invests in TensionCam Systems

Gothenburg, Sweden-based TensionCam Systems AB develops sensors for clamp force monitoring in screw joints.

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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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