3/15/2009 NEWS BRIEFS Customs Official Details Grade 5 Investigative Process “It can vary widely.” That’s how U.S. Customs official Kevin McCann described his office’s response to allegations of mismarked fasteners...
NEWS BRIEFS
3/15/2009 CELO Acquires MEA’s Fastener Business Barcelona-based CELO Group acquired the fastening systems business of MEA Befestigungssysteme of Aichach, Germany. The fastenings business was the smallest division in the MEA...
3/12/2009 RivetKing Acquisition Corp. Acquires Celus Fastener & Techform RivetKing completed its combined acquisition of Celus Fasteners Mfg. and Techform Fasteners Mfg., both of which are domestic manufacturers of blind...
3/11/2009 Keough to Keynote at NEFDA Industrial Distribution editor Jack Keough will announce the magazine’s “Ten Tips for Surviving the Recession” at the New England Fastener Distributor’s Association annual meeting....
3/10/2009 NEWS BRIEFS TriMas Fastener Sales Up on Aerospace Demand TriMas Corp. reported sales at its Industrial Specialties segment, including fasteners, grew 8.4% to $221.83 million during 2008 “due primarily...
3/9/2009 NEWS BRIEFS Consensus Growing on Wire Rod Prices in Coming Months Prices for domestic wire rod are holding steady, despite weak demand and mill capacity outages, American Metal Market...
3/6/2009 NEWS BRIEFS Ramsdale: Fastener Fair Stuttgart Exhibitor Numbers Heading Up With exhibitors taking larger booth areas the total floor space for the 2009 Fastener Fair Stuttgart already exceeds 2007...
Jason Sandefur The U.S. Customs & Border Protection Agency investigation of fraudulently marked Grade 5 cap screws could lead to importers and distributors having to scrap the “backbone of the...
John Wolz Douglas Weiland is the new executive vice president of INxSQL Software, president Bob Reynolds announced. Weiland is the former CEO and co-owner of Lord & Sons Inc. and...
John Wolz The “Importer of Record” could face retroactive antidumping duties on nails, Mona Zinman, co-CEO of PrimeSource Building Products, told the 32nd annual convention of the Specialty Tools &...
Jason Sandefur A federal grand jury in Houston indicted a machine-shop owner accused of knowingly providing NASA with defective aluminum fasteners that could have endangered the astronauts aboard the shuttle...
John Wolz Charles Wolley is the new president and CEO of the Lone Star Fasteners LP division of LS Precision Manufacturing Inc., vice president of sales Steve Cabral announced. Wolley...
Jason Sandefur Bill Lang of ND Industries is the new president of the Metropolitan Fastener Distributors Association for 2009 and Brian Eakins, ND Industries, is first vice president. Lang succeeds...
John Wolz The Industrial Fasteners Institute published a supplemental book, IFI Fastener Standards & Technical Bulletins. The spiral-bound edition is a compilation of 31 IFI standards and 16 technical bulletins...
John Wolz After a 20% third quarter hike, steel prices in Taiwan are up another 4% for the final quarter of 2008, Bruce Darling told the Western Association of Fastener...
Jason Sandefur Precision Castparts reported Fastener Products sales increased 13.8% to $426.4 million in the second quarter of fiscal 2009, while operating income from fasteners climbed 31.4% to $119.6 million....
Jason Sandefur China will surpass Japan in 2008 to become the second largest fastener market in the world, after the U.S., according to a new report by the Freedonia Group....
Jason Sandefur The machinists’ strike at Boeing is putting a “tremendous strain” on aerospace fastener manufacturers by prompting OEMs to cut supply orders, stated Wesco Aircraft Hardware Corp. vice president...