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...
NEWS BRIEFS
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...
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,...
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...
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...
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...
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...
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...
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...
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...
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,...
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...
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%...
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...
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...
January 15
00:00
2008
John Wolz W�rth Service Supply is marking its 60th anniversary. Founded in 1948 by E.C. Seitz in downtown Indianapolis, Service Supply was acquired from the Seitz family by the K�nzelsau,...
January 14
00:00
2008
John Wolz W�rth Group of Germany acquired U.S. distributor Marine Fasteners Inc. and Danish fastener supplier Arvid Nilsson A/S. The two deals total Euro 130 million (US$193.3m), Fastener & Fixing...
January 08
00:00
2008
John Wolz Trifast PLC named Bill Currie Neil Wilson as a non-executive director to succeed Andrew Cripps. Wilson has been CEO of the engineering and distribution group WYKO Group Ltd....
December 26
00:00
2007
Jason Sandefur Warren Buffet’s Berkshire Hathaway will purchase 60% of the Marmon Group for $4.5 billion, the billionaire investor announced, with the remaining 40% to be acquired through staged acquisitions...
December 13
00:00
2007
Jason Sandefur Rockford Products Corp. asked the bankruptcy court to convert its Chapter 11 case to a Chapter 7 liquidation following the sale of most of its assets, the Associated...
