Global Fastener News

NEWS BRIEFS

AFC Industries Acquires TFC Ltd.

July 01
15:18 2022
    AFC Industries Acquires TFC Ltd.

UK supplier TFC will continue to be led by Morgan Burgoyne and the current TFC management team as the AFC European business unit.

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OBITUARY: Patrick Joseph O’Toole

July 01
03:14 2022

He had been the 1990-91 president of the National Fastener Distributors Association and was inducted into the NIFS Hall of Fame in 2004.

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MSC Industrial Sales Increase

June 30
18:44 2022

“Double-digit sales growth, gross margin execution and productivity all combined to expand adjusted operating margin by 200 basis in the fiscal third quarter with an adjusted incremental margin in the thirties,” stated CFO Kristen Actis-Grande.

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Ruetz, Degnan Head NFDA for 2022-23

June 28
18:50 2022
    Ruetz, Degnan Head NFDA for 2022-23

Nick Ruetz of AIS is the 2022-2023 president of the National Fastener Distributors Association, succeeding Kevin Godin of AFC Industries.

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Fastener Executive Surveying Companies for PhD

June 27
11:08 2022
    Fastener Executive Surveying Companies for PhD

After 40+ years in the fastener industry, Jim Ruetz said a doctorate was on his ‘bucket list.’

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Bertaggia Succeeds Lederer As EFDA President

June 27
10:44 2022

Election of officers was part of the 7th European Fastener Distribution Conference hosted by the EFDA’s Spanish member association, ADEFI.

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Nichols, Beaty Head YFP

June 27
10:24 2022

Mallory Cravens Nichols of Advance Components was elected 2022-2023 president of the Young Fastener Professionals.  Craig Beaty of Beawest Fasteners is vice president.

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NEFCO Acquires Jiffy Fastening

June 23
11:44 2022
    NEFCO Acquires Jiffy Fastening

The deal is NEFCO’s sixth acquisition since 2017.

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‘22 STAFDA Topics Announced

June 22
12:02 2022

Topics include remote work, "boldness," pandemic pivot, sales and online marketing.

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WIFI Scholarship Deadlines Near

June 22
11:02 2022

Deadlines for two Women in the Fastener Industry Association scholarships are approaching.

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TriMas Wins Boeing Multi-Year Contract

June 20
23:51 2022
    TriMas Wins Boeing Multi-Year Contract

“Boeing is an important aerospace growth customer for fasteners, low and high pressure ducting, and advance machined and other related components,” stated CEO Thomas Amato.

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Endries Acquires Store Room Fasteners

June 16
18:15 2022

Founded in 1984, Store Room provides VMI, sub-assemblies and kitting and has been ISO 9001 accredited for 14 years.

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FDI Flattens Amid May Slowdown in China

June 16
12:43 2022
    FDI Flattens Amid May Slowdown in China

The sales index declined, with participants attributing lower revenues to “difficulties getting overseas containers/materials into ports amid further slowdowns from China.”

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Buddenbohn to Rep Sherex in 4 States

June 15
11:27 2022

Sherex Fastening Solutions announced Budd Sales Company will represent it in Arkansas, Louisiana, Oklahoma and Texas.

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MSC Industrial Acquires Engman-Taylor

June 14
12:32 2022

Menomonee Falls, WI-based Engman-Taylor will continue to do business under its current name, and president Rick Star will continue to lead the 90-person business.

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Packer Fastener Opens in ‘Screw City’

June 13
12:30 2022

“The city of Rockford has manufactured tons of screws, bolts and fasteners earning it the nickname, Screw City. And now, Packer Fastener wants to bring back the title.”

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Böllhoff Group Acquires Gillis Aerospace

June 09
16:53 2022

Böllhoff expands its portfolio in the aerospace sector by acquiring the France-based fastener manufacturer.

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Davis New BBI Central Manager

June 09
15:55 2022

Bill Davis has 20 years of experience in the fastener industry and had been with BBI Cleveland.

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Fastener Sales Still Strong at Fastenal

June 07
12:34 2022
    Fastener Sales Still Strong at Fastenal

Overall sales grew 23.5% to $589.2 million, while daily sales totaled $28.1 million, up 17.6% from the previous February.

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2022 Fastener Fair Italy Returns In Person

June 07
11:35 2022

A total of 2,700 managers, engineers and buyers visited the last edition of Fastener Fair Italy in 2019.

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