Global Fastener News

NEWS BRIEFS

Park-Ohio Fastener Sales Grow

March 15
00:00 2005

Jason Sandefur Cleveland-based Park-Ohio Holdings Corp. reported sales of its manufactured products, including fasteners, jumped 40% to $220.1 million, while gross profit grew to $18.9 million compared with a segment...

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Williams to Speak at NEFDA Dinner Meeting

March 10
00:00 2005

Jason Sandefur Kanebridge Corp. co-founder Bobby Williams will speak at the New England Fastener Distributors Association annual dinner meeting. Williams will speak on the “Essentials of Marketing Success in the...

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Precision Castparts Completes AIC Acquisition

March 09
00:00 2005

Jason Sandefur Precision Castparts Corp. completed its $194 million acquisition of airframe fastener manufacturer Air Industries Corp. The deal includes AIC’s “ultra-modern” 10-acre facility in Garden Grove, where the company’s...

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China Fastener Exports Rise

March 04
00:00 2005

Jason Sandefur China exported 1.14 million tons of steel and copper fasteners in 2004, which represents a 34% increase from the previous year, Xinhua News Agency reports. The export value...

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Canadians React to Tariffs

January 27
00:00 2005

Jason Sandefur Following news that Canada placed 5-year tariffs on certain steel screw imports from Taiwan and China, reaction from Canadian fastener companies was mixed. In a special edition of...

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Canada Sets 5-Year Tariffs on China and Taiwan Fasteners

January 27
00:00 2005

Jason Sandefur The Canadian government announced 5-year tariffs on certain carbon steel and stainless steel fasteners from Taiwan and China.\ The duties were applied after the Canadian International Trade Tribunal...

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Private Equity Firm to Acquire PennEngineering

January 27
00:00 2005

Jason Sandefur PennEngineering & Manufacturing Corp. signed an agreement to be purchased for about $330 million in cash by PEM Holding Co., an affiliate of Tinicum Capital Partners II.\ Under...

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Canada Places 5-Year Tariffs on China and Taiwan Fasteners

January 26
00:00 2005

1/26/2005 The Canadian government announced 5-year tariffs on certain carbon steel and stainless steel screws from Taiwan and China. The Canadian International Trade Tribunal determined that the dumping and illegal...

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Fastener Week 2005 Panelists to Teach How to Buy Fasteners

January 24
00:00 2005

John Wolz Five industry leaders will be panelists at a FIN / FastenerNews.com workshop on “How to Buy Fasteners” during Fastener Week 2005: Joel Roseman of Arnold Industries, Jay Hebert...

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Beaulieu Tells MFDA Economy Will Soften in Late 2005

January 24
00:00 2005

John Wolz Economist Alan Beaulieu told the Metropolitan Fastener Distributors Association that U.S. manufacturing in on the “ascent”, but the economy is in for a “soft landing” later this year....

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Price Increases Boost Fastenal Profit

January 19
00:00 2005

Jason Sandefur Strong fastener sales and price increases helped Fastenal Co. post a 24.5% revenue increase to $1.2 billion during 2004, while net income grew 55.7% to $131 million. The...

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PennEngineering to Be Acquired by NY Private Equity Firm

January 17
00:00 2005

Jason Sandefur PennEngineering & Manufacturing Corp. signed an agreement to be purchased for about $330 million in cash by PEM Holding Co., an affiliate of Tinicum Capital Partners II. Under...

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Porteous Opens in New Jersey; Haggerty New East VP

January 14
00:00 2005

John Wolz Porteous Fastener Company named Don Haggerty vice president for eastern operations and is opening a eastern distribution center in New Jersey. This newly constructed warehouse will stock 20...

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Jetna FasTech Appoints Pro Sales

January 13
00:00 2005

John Wolz Jetna FasTech / M&P Fasteners International Inc. appointed Pro Sales as rep and for warehousing in Virginia and the Carolinas, director of sales John Wand announced. Pro Sales...

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Precision Castparts Sells SPS Magnetics Business

January 12
00:00 2005

John Wolz Precision Castparts Corp. sold Arnold Magnetic Technologies Corp., which has been in discontinued operations since PCC”s 2003 acquisition of SPS Technologies, to Audax Group. Terms of the transaction...

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Nucor Buys Bar Maker Ft. Howard Steel

January 10
00:00 2005

Jason Sandefur Steelmaker and fastener manufacturer Nucor Corp. announced it will purchase Oak Creek, Wi-based Fort Howard Steel Inc. Fort Howard produces cold finished bar product, with 140,000 tons of...

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MacLean Fastener Names New Personnel

January 06
00:00 2005

Jason Sandefur MacLean Fastener Services named Larry Bryk as general manager of its Franklin Park, IL, distribution center. Bryk has been with parent company MacLean-Fogg for 8 years. MacLean also...

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Fastener China Exhibition Set for June 2005

January 06
00:00 2005

John Wolz Fastener China 2005 and the International Fastener Technology Exhibition will be part of the 2005 China International Machine Components Industry Exhibition Machine Components 2005. The events are scheduled...

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Hodell-Natco Names Jentner and Daniels

December 09
00:00 2004

Jason Sandefur Hodell-Natco Industries Inc. promoted Sue Jentner to human resources director after serving for 10 years as purchasing manager for the Cleveland-based master distributor. Ellen Daniels was named to...

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Bossard Metrics Names Stephan

December 08
00:00 2004

Jason Sandefur Joseph Stephan was named national field sales representative for Bossard Metrics Inc., business unit manager J. David Thomson announced. Stephan has over 30 years in the fastener industry...

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