Global Fastener News

NEWS BRIEFS

Chicago Rivet Fastener Sales Fall

April 29
10:42 2024
    Chicago Rivet Fastener Sales Fall

Non-automotive fastener volume declines more than offset price gains achieved at the end of 2023.

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Grainger Sales Rise on Steady Demand

April 25
10:54 2024
    Grainger Sales Rise on Steady Demand

Sales gains eroded margins as the distribution giant continued spending to drive growth.

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Nucor Fastener Segment Sales Drop

April 24
09:32 2024

Steelmaker reports double-digit loss for cold finished steel product sales in the opening quarter of 2024.

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Assembly Issue Prompts Tesla Cybertruck Recall

April 23
21:10 2024
    Assembly Issue Prompts Tesla Cybertruck Recall

The safety issue involved Tesla's decision to use adhesive instead of fasteners on the accelerator pedal cover. But larger problems loom for the EV manufacturer and its mercurial CEO.

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Ukraine Finalizes AD Tariff on China Fasteners

April 22
11:20 2024
    Ukraine Finalizes AD Tariff on China Fasteners

Final anti-dumping measures against steel fastener imports from China range from 32.5% - 67.4%.

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Boeing Whistleblower: 787 Fleet Unsafe

April 18
21:30 2024
    Boeing Whistleblower: 787 Fleet Unsafe

Boeing’s reputation took a significant hit after the January 5 Alaska Airlines 737-9 door plug blowout.

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Packer Fastener Expands Midwestern Footprint

April 18
09:56 2024
    Packer Fastener Expands Midwestern Footprint

Green Bay-based Packer Fastener entered the Kansas City market through its new facility in Olathe, KS.

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Martin Supply Acquires Trinity Hardware

April 16
16:01 2024

Buying Waukesha, WI-based Trinity Hardware Headquarters bolsters Martin Supply's presence in the Midwest fastening market.

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Cybertruck Drivers Report Pedal ‘Design Flaw’

April 15
20:49 2024
    Cybertruck Drivers Report Pedal ‘Design Flaw’

Tesla halted all Cybertruck deliveries after discovering a safety issue involving its decision to use adhesive instead of fasteners on the accelerator pedal cover.

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White Cap Buys Bend Construction Supply

April 15
11:21 2024
    White Cap Buys Bend Construction Supply

National industrial products supplier expands in central Oregon after acquisitions in neighboring Washington State.

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Fastenal Fastener Sales Continue Falling

April 11
10:18 2024
    Fastenal Fastener Sales Continue Falling

Weak demand and lower fastener pricing, coupled with adverse weather, hurt the company’s performance in the opening quarter of 2024.

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Nord-Lock Names New CEO

April 10
22:14 2024
    Nord-Lock Names New CEO

Westberg holds an master of science in mechanical engineering and has lived and worked in Canada, Germany, and France.

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TFC Acquires Supaseal UK

April 09
10:56 2024
    TFC Acquires Supaseal UK

Deal increases industrial fastener supplier's market share in rubber sealing products and strengthens its technical components category.

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FDI Rises 3rd Straight Month

April 08
23:43 2024
    FDI Rises 3rd Straight Month

“The index and market conditions continue to climb out of the malaise seen throughout most of 2023, with some lingering sources of uncertainty.”

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DB Roberts Adds Central Sales Manager

April 08
10:06 2024
    DB Roberts Adds Central Sales Manager

Based in the Cleveland area, Jeff Senter will oversee operations in Ohio, Texas, and Wisconsin.

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NEFCO Acquires Unicoa of Phoenix

April 05
09:30 2024

The deal marks NEFCO’s sixth acquisition since 2022, expanding its branch network to 39 sites nationwide.

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OBITUARY: Rachel Cordova

April 03
09:24 2024
    OBITUARY: Rachel Cordova

Daughter of proud Hispano ranchers, the longtime co-owner of Cordova Bolt was born in an adobe house in 1931. Her first job was herding sheep on the prairie, where she learned to shoot rattlesnakes to protect the flock.

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DB Roberts Stocks KATO Fasteners

April 02
09:40 2024

DB Roberts is now an authorized stocking distributor for KATO Fastening Systems, including Tangless and Tanged CoilThread inserts.

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Chicago Rivet & Machine Sales Drop

April 01
20:42 2024

Last year was challenging for automotive fastener manufacturer, which reported a pre-tax loss totaling $5.7 million, while net loss reached $4.4 million compared to a gain of $2.9 million in 2022.

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OBITUARY: Bill Henderson

March 31
22:19 2024

He was the former owner/CEO of Security Fastener in Pensacola, FL.

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