Global Fastener News

NEWS BRIEFS

Zinman, Varney & Peterson Speaking at STAFDA

March 25
00:00 2008

John Wolz PrimeSource Building Products co-CEO Mona Zinman will give the Associate State-of-the-Industry speech and “Fox Business News” anchor Stuart Varney will give the keynote address at the 32nd annual...

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Witucki: Fastener Price Hikes Are ‘Cost Recuperation’

March 19
00:00 2008

Jason Sandefur The North American steel market is strong, with domestic mills staying very busy, Nucor Fasteners sales manager Jim Witucki told FastenerNews.com. Although the U.S. economy is slowing, the...

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ITW Fastener Profit Slips

January 30
00:00 2008

Jason Sandefur ITW’s North American Engineered Products, including fasteners, achieved sales growth of 2.7% to $952.5 million during the fourth quarter of 2007. Segment operating income grew 3.6% to $147.2...

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Porteous Marks 40th With Book of Company Stories by Employees, Customers and Suppliers

January 29
00:00 2008

John Wolz Porteous Fastener Co. marked its 40th anniversary by publishing more than 100 company stories by employees, customers and suppliers in a book entitled Porteous: Forty Years of First...

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Advance Components Names Baughman, Castillo

January 29
00:00 2008

John Wolz Advance Components promoted Michael Baughman to vice president procurement & logistics. Baughman is responsible for developing buying strategy and managing purchasing, overseeing material management functions including distribution and...

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Anixter Sales Set Record

January 29
00:00 2008

Jason Sandefur Touting a strong backlog to begin 2008, Anixter International Inc. reported sales, including fasteners, rose 19% to a record $5.85 billion in 2007. Operating income gained 30% to...

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Estill, Salisbury Named Managers for New Powers Branches in Dallas & Houston

January 26
00:00 2008

John Wolz Powers Fasteners Inc. opened branch offices and warehouse facilities in Dallas and Houston, vice president of sales & marketing Len Colasuonno announced. Chad Estill is Dallas branch manager...

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Fastener Software

January 25
00:00 2008

John Wolz INxSQL offers software designed specifically for fastener distributors. Key features include stock and price checking by part number, real time stock checks, direct P.O. releases to Porteous Fastener,...

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Fasteners Add Top Line Growth At Grainger

January 25
00:00 2008

Jason Sandefur Fasteners and plumbing products boosted Grainger sales by $349 million in 2007, helping to increase revenue 9% to a record $6.4 billion. Grainger has added more than 38,000...

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Nappco Names Lindsley President

January 24
00:00 2008

Jason Sandefur Todd Lindsley was promoted to president and COO of Houston-based Nappco Fastener Co. and its subsidiary, Allied Bolt & Screw, announced CEO Will Lindsley. Todd Lindsley has worked...

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Nucor Reports Fastener Sales Growth

January 24
00:00 2008

Jason Sandefur Nucor Corp. reported cold finished steel sales, including fasteners, climbed 37% to 449,000 tons in 2007. Overall sales grew 12% to a record $16.59 billion, while net earnings...

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End of 2007 FIN Survey Company Performance Index Unchanged From 2006

January 23
00:00 2008

John Wolz The FIN Company Performance Index held even at 6.8 in the 29th annual FIN Survey of the Fastener Industry. The FIN Index had been 7.5 at the end...

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Precision Castparts Fastener Sales Jump

January 22
00:00 2008

Jason Sandefur Fastener Products revenue at Precision Castparts climbed 24% to $383.9 million during the third quarter of fiscal 2008, while operating income jumped 49.5% to $98.2 million. Aerospace fastener...

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Sales Growth Slows, Profits Steady in 29th Annual FIN Survey

January 20
00:00 2008

John Wolz The percentage of fastener firms reporting sales increases dropped from 70% for 2006 to less than 50% for 2007, according to the End of 2007 FIN Survey. Profits...

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Nowak Acquires Falcon Metal From Roberts

January 17
00:00 2008

John Wolz Don Nowak acquired the stock of Falcon Metal Corp. from Bruce Roberts. Nowak has been operating as Falcon’s vice president for 10 years. Roberts founded North Carolina-based Falcon...

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2008 UK Fastener Fair 75% Booked

January 17
00:00 2008

John Wolz Exhibit space for Fastener Fair Coventry is nearly 75% booked. The trade show, designed for the fastener industry in the UK and Ireland, will be June 11-12, 2008,...

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FINdex Sees Double-Digit Growth for Second Straight Year

January 15
00:00 2008

John Wolz The FIN Fastener Stock Index saw double-digit growth for the second year in a row, gaining 19.9% during 2007, compared with a 6.2% increase by an index of...

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Alcoa Fastener Income Rises

January 15
00:00 2008

Jason Sandefur Alcoa Inc. reported operating income for its Fastening Systems business jumped 36% during 2007. Consolidated revenue rose to $30.7 billion during the year, while net profit increased 21%...

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LAFA Adds CFS Course

January 15
00:00 2008

Jason Sandefur The Los Angeles Fastener Association added a new required course on “Understanding the Bolted Joint” to its Certified Fastener Specialist program. The advanced class will demonstrate why tension...

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Greenslade Featured At WAFD Conference

January 15
00:00 2008

Jason Sandefur Joe Greenslade, director of engineering technology for the Industrial Fasteners Institute, will speak at the Western Association of Fastener Distributors spring conference. Greenslade will discuss quality assurance for...

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