Fastener sales growth was approximately halved in April despite 21% growth in sales to manufacturing customers.
Park-Ohio Holdings Corp. reported sales in its fastener manufacturing business grew in the opening quarter of 2023, driven by higher customer demand for its proprietary products.
Automotive fastening and assembly systems manufacturer adds temperature sensors to its thermal management offering for electric and hybrid vehicles.
Altenloh, Brinck & Co. US has named two experienced individuals to newly-created VP roles.
Double digit growth in aerospace and high-single digit growth in automotive partially offset by softer industrial markets.
With lightweighting issues and range anxiety still dominating the electric market, farm machinery manufacturers are reluctant to adopt EV technologies.
Manchester-based EAP will be combined with AFC’s European business, TFC, to strengthen its position as a technical engineering products provider.
Automotive OEM revenue, including fasteners, improved in the opening quarter of 2023, with operating income of $128 million and operating margin of 16.1%.
Founded in 1960, Diablo and Freud supply aline of power tool accessories, including saw blades, router bits, recip blades, shaper cutters, SDS-Plus and SDS-Max hammer drill bits and bonded abrasives.
Results boosted by the addition of SuperATV, new product launches and price increases to offset inflationary costs.
Demand “continues to be strong for commercial aerospace, with higher aircraft production rates underpinned by continued growth in air traffic,” stated CEO John Plant.
“These recent hires reflect our continuing effort to get closer to our customers in the field and support our distributors developing their business, at the point of use and place of assembly or manufacture,” stated CEO Timothy O’Keeffe.
“What makes our company unique is that we are a sustainable company creating a product that makes other companies more sustainable,” Gail Friedberg Rottenstrich, co-founder and CEO of ZAGO, a woman-owned business.
Fastener distributor ICF has modernized its distribution center in Italy with an ‘all in one’ logistics solution from Mecalux, including a mini-load system, conveyors and the EasyWMS Warehouse Management Software, Fastener + Fixing Magazine reports.
The UK-based fastener supplier highlighted its U.S. operation, which achieved 25% growth in the 12 months ended March 31.
The FIN Fastener Stock Index jumped 17% in the opening quarter of 2023, topping a 3.5% gain by an index of related industrial stocks as global supply chains recover.
In nominating Vertullo, fastener veteran John Butler cited “his years of devotion to the fastener industry through education, tribal knowledge, and generosity of time and materials.”
Boeing recently found improperly torqued bolts in new-build 737 Max jets, indicating a quality problem similar to one revealed by the Federal Aviation Administration (FAA) on 23 March, FlightGlobal reports.
“Both segments delivered strong growth and expanded margins, while we continued to invest in our growth engines and provide exceptional customer service,” stated CEO D.G. Macpherson.
“We can't wait to see the fresh ideas she brings to our social media platforms. Welcome, Kat!” STAFDA stated on Twitter.

