Global Fastener News

Barnes Distribution Income Rises

Jason Sandefur

Sales at Barnes Distribution, including fasteners, climbed 23% to $152.5 million in the first quarter of 2007. About $3.7 million resulted from organic growth. Q1 operating profit rose 14% to $10.2 million, reflecting “a shift in the business mix to lower margin customers, an increase in field compensation as a result of an investment in a larger fixed cost sales force, and higher supplier costs and freight costs,” the company stated. “These costs were largely offset through higher selling prices.” ****************************************************************

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ASTM Honors Burgess

John Wolz

ASTM International honored Lester Burgess of TSP/U.S. Bolt Manufacturing with the Award of Merit.

Burgess, an ASTM member since 1978, is chair of the A01 Bolting section and mechanical & chemical testing subcommittee. He has been active on numerous ASTM committees including F16 on fasteners, E01 on analytical chemistry and E28 on mechanical testing. He handles worldwide bolting standards inquiries. Burgess is a member of ASM International, American Society of Mechanical Engineers, American Society for Quality and the Association of Wellhead Equipment Manufacturers. He is an ASQ certified quality engineer and currently directs the quality systems and metallurgical labs for TSP and U.S. Bolt. In addition to fasteners, Burgess has been involved in metallurgy and quality of gaskets, oilfield equipment and textile machines. Prior to U.S. Bolt, Burgess held metallurgist and quality positions with Standco Industries, McEvoy Oilfield Equipment Corp. and Leesona Corp. Web: ASTM.org
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