Global Fastener News

NEWS BRIEFS

Grainger U.S. Sales Rise in 2019

January 29
22:37 2020

“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.

This content is for FIN subscribers. If you are a subscriber, please login. If not, please subscribe for access to Fastener Industry News.
Log In Subscribe
Read Full Article

Stanley Black & Decker To Acquire CAM For $1.5b

January 29
12:43 2020
    Stanley Black & Decker To Acquire CAM For $1.5b

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.

This content is for FIN subscribers. If you are a subscriber, please login. If not, please subscribe for access to Fastener Industry News.
Log In Subscribe
Read Full Article

Nucor Cold Finished Steel Sales Drop

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%.

This content is for FIN subscribers. If you are a subscriber, please login. If not, please subscribe for access to Fastener Industry News.
Log In Subscribe
Read Full Article

Arconic Mulls Job Cuts From 737 MAX Grounding

January 27
16:47 2020
    Arconic Mulls Job Cuts From 737 MAX Grounding

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.

This content is for FIN subscribers. If you are a subscriber, please login. If not, please subscribe for access to Fastener Industry News.
Log In Subscribe
Read Full Article

Mowins Becomes President of Vetted Tech

January 26
15:43 2020
    Mowins Becomes President of Vetted Tech

Mowins, who is Division II / Aerospace Products Division manager for the Industrial Fasteners Institute, has owned Vetted Tech since December 2019.

This content is for FIN subscribers. If you are a subscriber, please login. If not, please subscribe for access to Fastener Industry News.
Log In Subscribe
Read Full Article

43 Companies Involved in 2019 Fastener Acquisitions

January 24
20:42 2020
    43 Companies Involved in 2019 Fastener Acquisitions

FIN Subscribers may use the Search feature on GlobalFastenerNews.com to read more about any of the acquisitions.

This content is for FIN subscribers. If you are a subscriber, please login. If not, please subscribe for access to Fastener Industry News.
Log In Subscribe
Read Full Article

Optimas Solutions Names 3 Executives

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.

This content is for FIN subscribers. If you are a subscriber, please login. If not, please subscribe for access to Fastener Industry News.
Log In Subscribe
Read Full Article

Fastenal Co. Fastener Sales Up 1.8%

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.

This content is for FIN subscribers. If you are a subscriber, please login. If not, please subscribe for access to Fastener Industry News.
Log In Subscribe
Read Full Article

Stanley Black & Decker Pursuing CAM Acquisition

January 17
15:18 2020
    Stanley Black & Decker Pursuing CAM Acquisition

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.

This content is for FIN subscribers. If you are a subscriber, please login. If not, please subscribe for access to Fastener Industry News.
Log In Subscribe
Read Full Article

Phillips Screw Co. Promotes Filion to CEO

January 17
15:16 2020

Filion started his career in engineering developing automotive products and processes. He holds 22 patents.

This content is for FIN subscribers. If you are a subscriber, please login. If not, please subscribe for access to Fastener Industry News.
Log In Subscribe
Read Full Article

MSC Industrial Sales & Profit Drop

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.

This content is for FIN subscribers. If you are a subscriber, please login. If not, please subscribe for access to Fastener Industry News.
Log In Subscribe
Read Full Article

Auto Bolt Expands Shipping Department

January 16
00:43 2020
    Auto Bolt Expands Shipping Department

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.

This content is for FIN subscribers. If you are a subscriber, please login. If not, please subscribe for access to Fastener Industry News.
Log In Subscribe
Read Full Article

EDSCO Fasteners Acquired By Equity Firm

January 15
12:05 2020
    EDSCO Fasteners Acquired By Equity Firm

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.”

This content is for FIN subscribers. If you are a subscriber, please login. If not, please subscribe for access to Fastener Industry News.
Log In Subscribe
Read Full Article

Industrial Pollution Abatement Firm Sales Up 13%

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.

This content is for FIN subscribers. If you are a subscriber, please login. If not, please subscribe for access to Fastener Industry News.
Log In Subscribe
Read Full Article

EFG Acquires Rockford Fastener

January 14
14:52 2020
    EFG Acquires Rockford Fastener

“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.

This content is for FIN subscribers. If you are a subscriber, please login. If not, please subscribe for access to Fastener Industry News.
Log In Subscribe
Read Full Article

Account Management, Digitizing Distributors Among Topics at Pac-West, NFDA Conference

January 14
13:07 2020

Joint conference plus Tabletop show will be March 4-6, 2020.

This content is for FIN subscribers. If you are a subscriber, please login. If not, please subscribe for access to Fastener Industry News.
Log In Subscribe
Read Full Article

Davis & Yarborough Lead SFA For 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. 

This content is for FIN subscribers. If you are a subscriber, please login. If not, please subscribe for access to Fastener Industry News.
Log In Subscribe
Read Full Article

Bossard Sales In U.S. Decline

January 14
11:14 2020
    Bossard Sales In U.S. Decline

“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.

This content is for FIN subscribers. If you are a subscriber, please login. If not, please subscribe for access to Fastener Industry News.
Log In Subscribe
Read Full Article

Evitts, Hunt Lead MWFA for 2020

January 13
15:23 2020
    Evitts, Hunt Lead MWFA for 2020

Evitts, of Avante Imports, succeeds Wayne Wishnew of XL Screw Corp.

This content is for FIN subscribers. If you are a subscriber, please login. If not, please subscribe for access to Fastener Industry News.
Log In Subscribe
Read Full Article

Dormole Acquires Majority Stake In Harrison & Clough

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.”

This content is for FIN subscribers. If you are a subscriber, please login. If not, please subscribe for access to Fastener Industry News.
Log In Subscribe
Read Full Article

Register for our Mailing List

Sign up now to receive valuable weekly news about the fastener companies, people, and trends impacting the industry. REGISTER NOW
error: Content is protected !!