The Connecticut-based fastener machinery supplier was “internationally focused,” while competitors limited themselves to the North American market, founder Mark Hariton commented.
HEADLINES
February 02
22:11
2021
Last December, the British & Irish Association of Fastener Distributors warned that a shipping container shortage at major global export ports was limiting fastener availability in the UK and Ireland,...
February 02
22:10
2021
The Fastener Distributor Index improved to 62.6 in December from 54.5 the previous month, primarily driven by a strong expansion in the sales index.
February 02
21:26
2021
ARaymond Agriculture is working to reduce plastic waste by producing a range of eco-friendly clipping and fastening solutions for the greenhouse and agricultural industries.
February 02
20:50
2021
In this partnership, Schaumburg, IL-based Tata International Metal Americas provides fastener sales and marketing for the Americas.
February 02
18:56
2021
The International Fastener Expo named Tim O’Keeffe of G.L. Huyett and John Wachman of Desert Distribution as the 2020 inductees into the IFE Hall of Fame, while Jessi Solt was named the 2020 Young Fastener Professional.
February 02
10:43
2021
Greg Rawlings, president of Nylok LLC, was named to the Fastener Training Institute board. Rawlings has held sales, engineering and management positions over 12 years with the MarmonHoldings company, which...
January 07
22:09
2021
The FINdex increased 10% during the year, lower than the 12.8% rise in stock value by an index of related industrial stocks. Fastenal achieved the highest stock gain, rising 32.1% during the year.
January 07
20:13
2021
Andy Cohn, a reluctant fastener “kid” who stayed 46 years in the industry, announced the sale of Duncan Bolt to an Employee Stock Ownership Plan.
January 07
18:49
2021
BIAFD importer members say they now have major backlogs at factories, which cannot be shipped to the UK and Ireland due to the lack of containers.
January 07
12:59
2021
“The complaint has provided evidence that imports of the product under investigation from the country concerned have increased overall in absolute terms and in terms of market share,” Fastener + Fixing Magazine reports.
January 07
11:23
2021
Duncan told GlobalFastenerNews.com that the biggest change in the fastener industry during his career was the sourcing of imported fasteners from Japan to Taiwan to China. He watched as the world moved away from domestic fasteners.
October 19
10:30
2020
Demand for industrial fastening solutions is driven by “tremendous manufacturing and construction growth” in countries such as India and China, supported by “favorable demographics, large indigenous consumption, and a supportive regulatory and investment environment.”
October 19
06:04
2020
The FIN Fastener Stock Index continued its 2020 roller coaster ride in the third quarter, gaining a modest 13.2% after rising 26.7% in the second quarter and falling 30.3% in the first quarter.
October 19
04:00
2020
“There are two powerful things in business that really cannot be engineered: Synchronicity and chemistry,” Phil Matten reflected on his fastener career as he retires as editor of Fastener + Fixing Magazine.
October 19
03:58
2020
Strandquist started in the fastener industry in 1986 with Rockford Products. He had been with Würth from 2001 to 2019, where he served as executive VP of the Würth Group and CEO of Würth Industry North America. He joined Optimas as President of the Americas in January 2020.
October 19
02:55
2020
The increasing number of employees working from home due to the pandemic has heightened a problem for Pacific-West Fastener Association members, a cybersecurity consultant said in a webinar.
October 19
01:49
2020
Avantus Aerospace acquired two fastener companies in recent weeks: California Screw Products (CalScrew) and Fastener Innovation Technology Corporation (FIT).
October 19
00:39
2020
BBI/Proferred appointed Scott Gibson to Proferred global sales and product director. “Scott will direct Proferred’s sales efforts with our building and drywall customers,” BBI stated. BBI/Proferred also named Larry Unger...
September 22
18:15
2020
WTO rules against U.S. tariffs on fasteners imported from China. The tariffs include bolts, screws and other fasteners (HTS subheadings 7318.11.00 to 7318.29.00) and all Chinese iron and steel nuts.
