Global Fastener News

NEWS BRIEFS

Tree Island Steel Reports Profit Growth

February 22
15:05 2019

Gross margin was higher at 11% “despite the impact of U.S. Section 232 tariffs on overall volumes.”

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IFE Adds Preview Hours for 2019

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.

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SC Fastening Systems Marks 20 Years

February 20
13:25 2019
    SC Fastening Systems Marks 20 Years

The company said it will commemorate its 20th anniversary by exhibiting at the FABTECH Show, November 11-14, in Chicago.

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3Q Receives ISO 9001-2015 Certification

February 20
10:27 2019

3Q supplies Sems washers, double coil lock washers, cold formed fasteners and sheet metal screws.

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Beacon Fasteners Names Reps

February 19
11:11 2019
    Beacon Fasteners Names Reps

“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.

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Bossard Group Acquires BRUMA

February 19
10:44 2019

“This investment will enable Bossard to consolidate its presence on the German market,” the group stated.

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Reed Completes Fastener Fair Acquisition

February 18
10:59 2019

Reed had agreed to acquire Mack Brooks in January.

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Arconic Reports 8% Sales Growth

February 14
16:42 2019

Arconic has commenced plans to reduce operating costs by approximately $200 million on an annual run-rate basis.

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Ship & Shore Launches Engineer Mentorship

February 14
15:36 2019

Program seeks to raise environmental awareness, educate youth about pollution control technologies and provide practical experience.

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Nuts and Bolts Acquires Fasteners Inc.

February 14
02:39 2019

The deal, which included the associated Arconic (Huck) distribution rights, was finalized on December 31.

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FDI Steady in January After Declines

February 14
02:39 2019
    FDI Steady in January After Declines

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.

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Jim Ruetz Stepping Down as AIS CEO

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.

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IFE Adding Account Executive

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.

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Gilchrist Scholarship Deadline May 31

February 12
09:02 2019

Applicants can be full time or part time students working in the industry or children of working fastener people.

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Endries Int’l Buys Industrial Products Co.

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.

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Specialty Screw Names Wight as COO

February 08
13:39 2019

Specialty Screw adding 20,000 sq ft to its Rockford plant.

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Bulten Sales Up, Profit Down

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.

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Manufacturers Invest in Robotic Screwdriving

February 05
14:18 2019
    Manufacturers Invest in Robotic Screwdriving

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.

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Wesco Aircraft Sales & Profit Improve

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.

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Sphere 1 Promotes Moe to CEO

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.

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