Global Fastener News

NEWS BRIEFS

Mowins Becomes President of Vetted Tech

January 26
15:43 2020
    Mowins Becomes President of Vetted Tech

Mowins, who is Division II / Aerospace Products Division manager for the Industrial Fasteners Institute, has owned Vetted Tech since December 2019.

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Taiwan Threaded Rod Injures U.S. Industry

January 23
16:07 2020
    Taiwan Threaded Rod Injures U.S. Industry

The United States International Trade Commission (USITC) determined that a U.S. industry is materially injured by imports of carbon and alloy steel threaded rod from Taiwan that are sold in the U.S. at less than fair value.

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Nimbus To Acquire Dresselhaus

January 23
14:08 2020
    Nimbus To Acquire Dresselhaus

Headquartered in Herford, Germany, Dresselhaus supplies fasteners and fastening technology for the automotive, agricultural machine construction, mechanical and plant engineering industries.

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Washer Importer Loses AD Duty Appeal

January 23
11:00 2020
    Washer Importer Loses AD Duty Appeal

The U.S. has imposed antidumping duties on certain Chinese helical spring lock washers since 1993.

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2020 Taiwan Fastener Show: From Wire to Fasteners

January 22
10:00 2020
    2020 Taiwan Fastener Show: From Wire to Fasteners

Taiwan exported 1.6 million metric tons of fasteners totaling US$4.6 billion in 2018. The April 21-23 trade show includes one-on-one procurement meetings.

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Optimas Solutions Names 3 Executives

January 21
11:14 2020

Marc Strandquist was named President of the Americas, Mike Tuffy was named President of International, and Kate Daly was named senior VP of Global Human Resources.

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Report: Industrial Fasteners Market At $104b By 2026

January 20
23:57 2020
    Report: Industrial Fasteners Market At $104b By 2026

In terms of commodity, the screws segment is anticipated to gain the largest share, with total value at $21.3 billion at a CAGR of 1.6%, according to Transparency Market Research.

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Fastenal Co. Fastener Sales Up 1.8%

January 17
15:35 2020

Fastener sales grew 1.8% in the fourth quarter of 2019, compared to a 5.1% increase in sales of non-fastener products. Full-year fastener sales figures will be released in April when the company publishes its annual report.

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Stanley Black & Decker Pursuing CAM Acquisition

January 17
15:18 2020
    Stanley Black & Decker Pursuing CAM Acquisition

Brea, CA-based CAM, which manufactures aerospace fasteners and other components, was launched by Tinicum in 2012 as a holding company for several manufacturing firms active in aerospace component sector.

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Phillips Screw Co. Promotes Filion to CEO

January 17
15:16 2020

Filion started his career in engineering developing automotive products and processes. He holds 22 patents.

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MSC Industrial Sales & Profit Drop

January 16
11:09 2020

“Softness in industrial demand was broad-based and we continued to see customers and suppliers eliminate shifts and, in some pockets, announce layoffs and restructurings,” stated CEO Erik Gershwind.

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Bossard Completes Torp Fasteners Acquisition

January 16
10:54 2020
    Bossard Completes Torp Fasteners Acquisition

Bossard has held a 60% stake in the Oslo, Norway-based specialty fastener supplier since January 2015.

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Simpson, McCaffrey Head FTI for 2020

January 16
08:09 2020

Gene Simpson of Semblex Corporation is the 2020 president of the Fastener Training Institute and Chris McCaffrey of R&D Fasteners is vice president.

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Auto Bolt Expands Shipping Department

January 16
00:43 2020
    Auto Bolt Expands Shipping Department

The recently acquired 30,000-sq-ft. building next to its manufacturing plant provides Auto Bolt a dedicated packaging and shipping warehouse, the Fabricator reports.

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EDSCO Fasteners Acquired By Equity Firm

January 15
12:05 2020
    EDSCO Fasteners Acquired By Equity Firm

Lexington, KY-based MiddleGround Capital emphasized that “EDSCO is well-positioned to benefit from continued robust spending on infrastructure projects across T&D, telecommunications, transportation, and wind power.”

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Industrial Pollution Abatement Firm Sales Up 13%

January 15
12:03 2020

Southern California-based Ship & Shore is diversifying into particulate removal and odor control equipment and opening more international offices – including China.

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EFG Acquires Rockford Fastener

January 14
14:52 2020
    EFG Acquires Rockford Fastener

“Partnering with Rockford emphasizes our focus on distribution and strengthens our core product offering into that channel,” stated Joe Shoemaker, VP of Business Development for EFG.

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Account Management, Digitizing Distributors Among Topics at Pac-West, NFDA Conference

January 14
13:07 2020

Joint conference plus Tabletop show will be March 4-6, 2020.

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Davis & Yarborough Lead SFA For 2020

January 14
12:59 2020

Jake Davis of BTM Manufacturing is president of the Southwestern Fastener Association for 2020 and Baron Yarborough of Spring Bolt & Nut Mfg. is vice president. 

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Bossard Sales In U.S. Decline

January 14
11:14 2020
    Bossard Sales In U.S. Decline

“Increasingly difficult economic conditions” included a slowdown in the industrial sector as well as a “significant” change in the product mix at Tesla with the third model series.

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