“Our sales growth in the U.S. outperformed the market throughout the year, and our share gain accelerated in the fourth quarter, as our growth initiatives began to take hold,” stated CEO DG Macpherson.
NEWS BRIEFS
January 29
12:43
2020
The deal with Brea, CA-based Consolidated Aerospace Manufacturing LLC is contingent on the Boeing 737 MAX returning to service and on Boeing meeting certain production goals.
January 28
12:03
2020
Fourth-quarter cold finished steel sales, including fasteners, fell 18%, while downstream steel product shipments to outside customers dropped 8%.
January 27
16:47
2020
Uncertainty over MAX production is the biggest challenge facing Arconic in 2020, prompting Arconic to consider staff cuts, extended vacations and shift pattern changes, CEO John Plant stated during an earnings conference call transcribed by SeekingAlpha.
January 26
15:43
2020
Mowins, who is Division II / Aerospace Products Division manager for the Industrial Fasteners Institute, has owned Vetted Tech since December 2019.
January 24
20:42
2020
FIN Subscribers may use the Search feature on GlobalFastenerNews.com to read more about any of the acquisitions.
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.
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.
January 17
15:18
2020
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.
January 17
15:16
2020
Filion started his career in engineering developing automotive products and processes. He holds 22 patents.
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.
January 16
00:43
2020
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.
January 15
12:05
2020
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.”
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.
January 14
14:52
2020
“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.
January 14
13:07
2020
Joint conference plus Tabletop show will be March 4-6, 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.
January 14
11:14
2020
“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.
January 13
15:23
2020
Evitts, of Avante Imports, succeeds Wayne Wishnew of XL Screw Corp.
January 10
14:06
2020
H&C managing director Mark Hutchinson said that as “an independent, privately run business it has become increasingly difficult for us to maintain the level of investment that is required to develop our ranges and services in the way that we want, and the market demands.”
