Global Fastener News

HEADLINES

NORMA Group Completes Fengfan Acquisition

August 07
22:00 2017
    NORMA Group Completes Fengfan Acquisition

Founded by CEO Zhu Jialin in 1988, Fengfan manufactures joining products made of stainless steel, nylon and specialty materials.

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Auto Shipments Boost Stanley Black & Decker Fastener Sales

August 07
21:45 2017
    Auto Shipments Boost Stanley Black & Decker Fastener Sales

“Strong automotive system shipments supporting new customer platforms and volume growth within general industrial markets more than offset declines within electronics.”

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Acquisitions and Volume Fuel Fastener Growth at Fastenal

August 07
21:30 2017
    Acquisitions and Volume Fuel Fastener Growth at Fastenal

“The second quarter of 2017 felt more like Fastenal,” stated CEO Dan Florness. “We have grown well over the last year, but market headwinds have masked this growth.”

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Tree Island Sales Outpaced By Input Costs

August 07
21:15 2017
    Tree Island Sales Outpaced By Input Costs

Intense competition "tempering the ability of steel wire producers to adjust prices to better reflect the recent raw material price increases."

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MSC Industrial Sales Up As Manufacturing ‘Recovers’

August 07
21:00 2017
    MSC Industrial Sales Up As Manufacturing ‘Recovers’

“As the manufacturing economy recovers and sales growth rates improve, the expense leverage latent in the business is beginning to demonstrate itself,” stated CEO Erik Gershwind.

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SHORTTAKES: Concrete Fastening Systems, Grainger, Imperial Fastener, Motor City Industrial, and Pearson Fastener Corp.

August 07
20:45 2017

Concrete Fastening Systems Inc. president Bob Carlisle launched online sales in 2000 and subsequently has sold 80 million concrete fasteners online to 27,000 customers from all 50 states and 23...

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Gilchrist Announces 2017 Scholarships

August 07
20:30 2017
    Gilchrist Announces 2017 Scholarships

The Gilchrist Foundation has awarded 57 scholarships totaling $70,000 since 2000.

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First-Half FINdex Growth Slows

July 10
23:45 2017
    First-Half FINdex Growth Slows

The FINdex stall occurred primarily during the second quarter of 2017, when fastener stocks lost a collective 5.6% of value, compared to a 3% gain by an index of related industrial stocks.

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Panelists: Rules Can ‘Trickle Down’ to You

July 10
23:30 2017
    Panelists: Rules Can ‘Trickle Down’ to You

You may think European rules don’t affect you, but “it is where your customers are selling into” that might draw you in.

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Heim: Customers To Require Conflict Minerals Compliance

July 10
23:15 2017
    Heim: Customers To Require Conflict Minerals Compliance

Instead of a government regulation, reporting will be more a part of private contracts, Heim tells NFDA and NEFDA joint meeting.

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Miller, Cole Lead NFDA for 2017-2018

July 10
23:00 2017
    Miller, Cole Lead NFDA for 2017-2018

The National Fastener Distributors Association will mark its 50th anniversary at a March 2018 meeting in Costa Rica.

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Pac-West: Import/Export Risks, Fastener Mistakes and Predictive Analytics

July 10
22:45 2017
    Pac-West: Import/Export Risks, Fastener Mistakes and Predictive Analytics

Import/export risks, chronic fastener mistakes, and successful hiring with predictive analytics are topics scheduled for the autumn conference of the Pacific-West Fastener Association.

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FEF Donates to Cold Forming Training Center

July 10
22:30 2017
    FEF Donates to Cold Forming Training Center

IFI chair Boyd: Fastener manufacturers “are facing a critical and universal challenge across the base of our membership. We all have high-earning jobs available, but we are struggling to find workers with the right technical skills to fill these lucrative positions.” The first five cold header operator students graduated in May.

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PennEngineering Acquires Whitesell Formed Components

July 10
22:15 2017
    PennEngineering Acquires Whitesell Formed Components

Acquired businesses, which include Whitesell Canada, will operate under the PENNAutomotive division.

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AFC Industries Acquires Accurate Fasteners

July 10
22:15 2017
    AFC Industries Acquires Accurate Fasteners

Accurate Fasteners president Peter Sullivan will remain with AFC to manage New England operations.

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Novaria Group Acquires Space-Lok

July 10
22:00 2017
    Novaria Group Acquires Space-Lok

Established in 1962, Space-Lok designs and manufactures internally and externally threaded fasteners and component mechanisms for all sectors of the aerospace industry.

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Nedschroef To Acquire German Components Manufacturer

July 10
21:45 2017
    Nedschroef To Acquire German Components Manufacturer

With the acquisition, Nedschroef hopes to transform itself into “a high-end engineering company capable of engaging in the development of early-stage automotive projects working jointly with OEMs.”

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Fastener Fair Mexico Draws 150 Exhibitors

July 10
21:30 2017
    Fastener Fair Mexico Draws 150 Exhibitors

Attendee registration up 20% for third trade show.

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Beaulieu: These Are the ‘Good Ol’ Days’

July 10
21:15 2017
    Beaulieu: These Are the ‘Good Ol’ Days’

The U.S. accounts for nearly a quarter of the world GDP. Global leading indicators are up for the OECD, five major Asian countries, Brazil, Canada, China and Japan. Mexico and India are down.

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SHORTTAKES: ATF, EFC, Fasteners Plus Int’l, Mountz, Vertex Distribution & Wrentham Tool

July 10
21:00 2017

ATF Inc. named Shannon Leonard industrial sales manager.  Leonard will focus on expansion in the industrial market through distributors and OEM customers. Founded in 1946 as a supplier of WWII...

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