Global Fastener News

NEWS BRIEFS

MSC Industrial Sales Up, Margin Down

July 17
23:49 2019

“We have seen a step-down in demand since April, while the pricing environment remains uncertain due to the overhang of tariffs and trade,” stated CEO Erik Gershwind.

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Bossard Opens New Facility In Boston

July 17
14:19 2019
    Bossard Opens New Facility In Boston

Facility includes offices, a design center, and an ISO Class 5 Clean Room.

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MacLean-Fogg Forms Aluminum JV

July 15
23:53 2019

Aluform USA “combines RIBE and MFCS strengths to bring the Aluform product line to the North American marketplace,” with application engineering, customer support and manufacturing in the U.S.

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Earnest Machine Wins HR Award

July 15
23:53 2019

Earnest Machine will be recognized at an awards event in August and will be profiled in Crain’s Cleveland Business’ August 5th edition.

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AFC Industries Acquires The Boulder Company

July 15
10:55 2019

Des Moines, IA-based Boulder is an industrial distributor specializing in sourcing and logistics for components used in manufacturing and assembly environments.

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Click Bond Names VP of Quality Assurance

July 15
10:26 2019
    Click Bond Names VP of Quality Assurance

Varela brings 29 years of management experience in QA and operations to her position, including most recently as quality manager for Arconic Global Fastening Systems & Rings.

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Fastener Sales Rise 5.5% At Fastenal

July 11
14:57 2019

“While we successfully raised prices as one element of our strategy to offset tariffs placed to date on products sourced from China, those increases were not sufficient to also counter general inflation in the marketplace.”

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FDI Declines For Second Straight Month

July 10
21:05 2019
    FDI Declines For Second Straight Month

Some distributors commented on political uncertainty ahead of the 2020 election as a key risk to the outlook.

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Classified: Fastener Specialist

July 03
04:00 2019

...

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STANLEY Engineered Fastening Rebrands

July 02
10:38 2019
    STANLEY Engineered Fastening Rebrands

Rebranding “reflects unified global brand architecture, aesthetic, and standards that convey precision and a focus on the future.”

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Böllhoff Renovates Facility in China

June 28
17:25 2019
    Böllhoff Renovates Facility in China

The facility provides additional space for logistics as well as office space for sales and administration, with 9,700 square meters (104,409 sq ft) of floor space.

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SFS Group Names Riveting Division Head

June 26
11:50 2019
    SFS Group Names Riveting Division Head

Urs Langenauer has worked at SFS since 1995 and has been responsible for the business activities of Automotive division in North America since 2013.

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Bulten Recognized For Sustainability

June 20
17:11 2019
    Bulten Recognized For Sustainability

“Bulten’s ambition and sustainability strategy is that the entire business should be permeated by a sustainability-oriented way of thinking,” stated Marlene Dybeck, SVP HR and Sustainability.

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SPIROL Expands Headquarters

June 20
12:29 2019
    SPIROL Expands Headquarters

“The expansion that began in early 2016 includes significant additional manufacturing space, new state of the art warehouses for raw material and finished goods, a new quality lab and office space, new flooring, updated lighting, and significant investments in new production technology.”

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June 30 Discount Deadline For ’19 Las Vegas Show

June 20
10:23 2019

Beginning July 1, the advance registration price increases to $75. The onsite price in Las Vegas will be $85.

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French Aerospace Fastener Supplier To Locate in Charleston

June 19
11:53 2019

“The availability of skilled workforce and proximity to Boeing were important factors in our decision to select this strategic location,” said executive VP Francoise Montsarrat.

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Fastenal Fastener Sales Growth Slips

June 17
16:01 2019

Sales of non-fastener products increased 10.8% during the month, compared to a 15% rate of growth in May 2018.

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Japan’s Fastener Value & Volume Rise

June 14
17:08 2019

“Japan's fastener production and production value grew simultaneously last year and the production value hit (a) record high,” according to ChinaFastenerInfo.net.

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Mowins: More Counterfeit Fasteners Being Marketed

June 13
16:18 2019
    Mowins: More Counterfeit Fasteners Being Marketed

The Department of Defense and Department of Energy are “looking hard again at the fastener industry due to questions about counterfeit fasteners,” Mowins said.

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Wild Joins OwnersEdge Inc.

June 13
16:08 2019
    Wild Joins OwnersEdge Inc.

Former VP of Elgin Fastener Group now executive VP of robotic systems integrator.

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