Despite planned asset sales and fresh financing, management said recurring operating losses, negative cash flows, declining revenues and reduced liquidity raise “substantial doubt” about the 106-year-old fastener manufacturer’s ability to continue operating within one year.
August 07
11:45
2026
Acquisition adds specialized secondary processing, custom surface textures and manufacturing capacity to engineered fastener supplier.
August 06
12:03
2026
Fastener sales continued to grow in July, extending a record of growth for the 13th straight month.
August 06
11:33
2026
Revenue includes the impacts from the Consolidated Aerospace Manufacturing (CAM) and Brunner acquisitions completed during the quarter.
August 06
11:02
2026
Acquisition expands Portland Bolt’s manufacturing capabilities and East Coast presence.
August 06
08:23
2026
National Aerospace Fasteners Corp. success funding ongoing capacity expansion in Malaysia and China.
August 06
04:55
2026
Manufacturer presented the 2026 King’s Award for Enterprise in Innovation for developing advanced corrosion-resistant alloys.
August 05
12:38
2026
Compliance officer joins Howmet from Collins Aerospace, where he managed global trade after starting his career at Raytheon Technologies.
August 05
11:34
2026
PrimeSource adds a N.J.-based provider of branded fastening solutions and installation systems for decking and exterior applications to its portfolio.
August 05
10:50
2026
New chief executive officer brings leadership and manufacturing experience to the role, including several years as GM of Accurate Screw Machine.
August 05
09:16
2026
New general manager joins Wrentham Tool from precision metal fabrication and machining company WELFAB Inc.
August 05
06:59
2026
Recipients are Rily McDaniel-Monroe, WCL; Drake Herron, Upstate Industrial Supply; and Noah Cooper, Kanebridge Corporation.
August 04
13:13
2026
$315 million deal gives Hillman an immediate, scaled platform to serve long-tail, high-specification fastener requirements across industrial and specialty distribution channels.
August 04
10:23
2026
MRO giant reported operating margin rose 120 basis points, boosted IEEPA tariff refunds and the MRO giant’s exit from the UK market in 2025.
August 03
11:10
2026
Announcement follows the opening of distribution centers in Indianapolis in June and Salt Lake City in July.
August 03
10:58
2026
Fastenal alumni joins Endries from The Home Depot's wholesale division, where he led the Texas market.
July 31
11:20
2026
Founded in 1942, Greater Detroit-based Vamp Screw Products supplies high-quality fasteners to distributors throughout the Midwest.
July 31
10:47
2026
Based in the Bay area, Testing Engineers specializes in metallurgy and materials testing capabilities, including analysis of structural steel, bolts, and fasteners.
July 29
14:54
2026
Consolidated Aerospace Manufacturing divestiture in April hurt overall revenue, which included 3% organic growth.
July 29
14:19
2026
Prior to joining LSG in 2023, new Senior VP of Corporate Development worked in private equity, investment banking and the solar energy industry.
