Gross margin was higher at 11% “despite the impact of U.S. Section 232 tariffs on overall volumes.”
NEWS BRIEFS
February 21
10:00
2019
The international sourcing and the machinery sections will open early on the first day of the September 17-19, 2019, International Fastener Expo in Las Vegas.
February 20
13:25
2019
The company said it will commemorate its 20th anniversary by exhibiting at the FABTECH Show, November 11-14, in Chicago.
February 20
10:27
2019
3Q supplies Sems washers, double coil lock washers, cold formed fasteners and sheet metal screws.
February 19
11:11
2019
“With over 45 years of industrial sales experience in the New England territory, Rick and Morgan will be a great liaison to our Northeast customer base and a valuable asset to our team,” Beacon key account sales manager Dennis Mark said.
February 19
10:44
2019
“This investment will enable Bossard to consolidate its presence on the German market,” the group stated.
February 18
10:59
2019
Reed had agreed to acquire Mack Brooks in January.
February 14
16:42
2019
Arconic has commenced plans to reduce operating costs by approximately $200 million on an annual run-rate basis.
February 14
15:36
2019
Program seeks to raise environmental awareness, educate youth about pollution control technologies and provide practical experience.
February 14
02:39
2019
The deal, which included the associated Arconic (Huck) distribution rights, was finalized on December 31.
February 14
02:39
2019
Several respondents expressed “cautious optimism” for a potential resolution to the US-China trade dispute. Pending any resolution, however, tariffs continue to impact lead times and pricing.
February 12
14:07
2019
The 2001 president of the National Fastener Distributors Association and the 2018 NFDA Fastener Professional of the Year honoree started in the fastener industry 42 years ago at his family’s business, All Tool Sales.
February 12
09:56
2019
Morgan Wilson, IFE business development manager, told GlobalFastenerNews.com the position is an addition for the fastener team and will assist him in the North American territory.
February 12
09:02
2019
Applicants can be full time or part time students working in the industry or children of working fastener people.
February 08
13:50
2019
Founded in 1976 with 3 employees in a 3,000 sq ft warehouse, Lynchburg, VA-based IPC supplies fasteners and related production components to the OEM market, with warehouses in Virginia, Mississippi, Nebraska, and China.
February 08
13:39
2019
Specialty Screw adding 20,000 sq ft to its Rockford plant.
February 07
17:25
2019
“Demand for hybrids and electric cars is increasing, and this is a favorable development for Bulten,” stated CEO Tommy Andersson.
February 05
14:18
2019
More manufacturers are investing in robotic screwdriving, which is well suited for assembly applications that require high torque, multiple fasteners, quick changeover and high-mix production, Assembly Magazine reports.
February 05
11:23
2019
“Long-term contracts were higher, primarily due to higher chemical pass-through revenue and related service fees, while hardware volume increased at a lesser pace,” the company stated.
January 31
11:02
2019
Rob Moe joined the distributors’ coop in 2015 after a career including Duo Fast, Allied Fastener & Tools, Powers Fasteners and Lackmond Products.
