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...
NEWS BRIEFS
January 17
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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...
January 14
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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...
January 13
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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...
January 12
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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...
January 10
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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...
January 06
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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...
January 06
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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...
December 09
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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...
December 08
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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...
December 03
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2004
Jason Sandefur Illinois Tool Works Inc. forecasts growth across its major businesses over the next five years, including a 4% to 6% increase in 2005. Reuters reports ITW projects compound...
December 02
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2004
John Wolz Dan Long joined the HTI global logistic team at Heads & Threads International. Long has been in the fastener industry since 1992. Founded in 1953, Heads & Threads...
August 26
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2004
John Wolz W�rth Adams named nine new staff members to accommodate sales growth during its 25th year: Mike Mielke, director of sales: Paul Lees, customer services supervisor; and Donna Mitchell,...
May 26
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2004
John Wolz Fastener companies and other suppliers could lose $8.4 million in the proposed acquisition between bankrupt Distribution Dynamics Inc. and Anixter International, under a deal that would assure DDI...
May 05
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2004
John Wolz Tom Willcutt was elected chair of the International Staple, Nail & Tool Association and Alan Phillips is vice chair. Willcutt is president and co-owner of Specialty Fasteners Inc.,...
May 03
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2004
Jason Sandefur Vimi Fasteners is opening a new 80,000 sq ft distribution facility in conjunction with its sister company Comer. The facility is located in Charlotte, NC. Vimi also promoted...
April 01
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2004
John Wolz Vertex Fasteners CEO David Hirsch announced completion of the merger with West-Spec Partners of Chatsworth, CA, and full integration of its 11 U.S. distribution centers. Vertex added shipping...
March 24
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2004
John Wolz A decade after being chair of the Industrial Fasteners Institute, David Lepore will serve another term. Mike Friel of Haydon Bolts/St. Louis Screw is the new vice chairman.\...
