Global Fastener News

HEADLINES

Wire Russia Concurrent with 3 Others

October 31
15:40 2016

2015 Wire Russia had 196 exhibitors from 25 countries, including country pavilions from Austria, China, Germany and Italy.

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Obituary: Zachary Allan Bannister

October 31
15:39 2016

SFC Zachary Allan Bannister, 33, of Ohio was killed in the line of duty on October 17, 2016, while serving as a member of Alpha 3236, Company C, 2nd Battalion, 3rd...

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EU to Strengthen Trade Regulations

October 31
15:37 2016

The European Commission issued proposals to substantially strengthen its antidumping defense and bring duty levels closer to those imposed by the United States. The Commission’s paper “Towards a robust trade...

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Wheeler: Skipping Business School Helped His Career

October 31
15:35 2016

Wheeler, chairman of Star Stainless Screw Company, was inducted into the National Industrial Fastener & Mill Supply Expo Hall of Fame during the 2016 trade show in Las Vegas.

“I never learned the proper way of doing business,” Wheeler told the National Industrial Fastener & Mill Supply Expo Hall of Fame audience. “That forced me to develop on my own.”

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Two Fastener Companies Plan New Headquarters

October 31
15:33 2016

Two fastener companies serving different markets - one aerospace, the other industrial - announced plans to build new headquarters.

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SHORTTAKES: Accurate Screw Machine, ATF, Auto Bolt Co., Atlas Bolt & Screw, Bisco Industries, Groov-Pin Corp., Hariton Machinery, Hudson Fasteners, Superior Washer & Gasket and Würth Service Supply

October 02
16:57 2016

Accurate Screw Machine, a division of MW Industries, received AS9100 Rev. C certification for its New Jersey manufacturing plant. AS9100 registration is an aviation, space, and defense quality standard, based...

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ASTM, IFI Renew Bolt Group

October 02
16:56 2016

The ASTM International Subcommittee F16.96 on Bolting Technology and the Industrial Fastener Institute are co-sponsoring a meeting to reintroduce the subcommittee to interested engineers and technologists.  The meeting will be...

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Chavis, McCaffrey Lead Pac-West

October 02
16:56 2016

Kevin Chavis of Star Stainless Screw was re-elected president of the Pacific-West Fastener Association and Chris McCaffrey of R&D Fasteners was elected vice president. Ron Stanley of Empire Bolt &...

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Gilchrist Names Scholarship Recipient

October 02
16:55 2016

The Gilchrist Foundation has awarded the final scholarship for the year to Afreen Papa of SWD, Inc., who applied via the Mid-West Fastener Association. Gilchrist Scholarship winners announced earlier this...

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NIFMSE Hires Fastener Veteran

October 02
16:53 2016

The National Industrial Fastener & Mill Supply Expo named a 10-year fastener veteran as the trade show’s business development manager. Morgan Wilson has been director of warehouse and sales executive...

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Report: Industrial Fasteners Market Growth At 5.3%

October 02
16:52 2016

The global industrial fasteners market is expected to expand at a compound annual growth rate of 5.3% during the forecast period 2016 – 2023, exceeding $107 billion by 2023, according to...

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September Typhoons Miss Taiwan Fastener Plants

October 02
16:52 2016

Typhoons Malakas and Megi were among the strongest of 17 storms to strike Taiwan in September 2016, but the editor of Fastener World  magazine said thus far there are no reports...

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Hilti Acquires PEC Group

October 02
16:51 2016

The Hilti Group acquired Germany-based PEC Group, strengthening its market position in the fastening solution segment. Founded in 2008, PEC Group produces anchor and installation channels as well as accessories...

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Nord-Lock Acquires Expander Group

October 02
16:50 2016

Sweden-based Nord-Lock Group acquired the Expander Group from owner Roger Svensson. Expander Group consists of Expander System Sweden AB, and associated subsidiaries in Sweden, the U.S. and Germany. Founded in...

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AFC Acquires Eckart & Finard

October 02
16:49 2016

Incline portfolio company AFC Holdings acquired Hartford, CT-based Eckart & Finard.   Established in 1960, Eckart is a full-service stocking distributor of fasteners, Class C parts and engineered components. Web: eckart-finard.com...

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Houston Wire & Cable Buys Vertex

October 02
16:48 2016

Houston Wire & Cable acquired Vertex Distribution. HWC is a master distributor of electrical wire and cable, mechanical wire rope and lifting products. Started in 1975, HWC is traded on...

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PennEngineering Completes Heyco Acquisition

October 02
16:47 2016

PennEngineering completed its acquisition of Heyco Products Inc. Terms were undisclosed and no changes are anticipated regarding Heyco’s operations, facilities or employees.  New Jersey-based Heyco Products will continue to operate...

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How the Hanjin Bankruptcy Affects the Fastener Industry

October 02
16:45 2016

The bankruptcy of South Korea’s Hanjin Shipping Co., the world’s seventh-largest shipper, could impact fastener shipping as well as the Christmas holidays. The Wall Street Journal reported “as much as $14 billion...

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Pac-West: Nickel, Steel & Freight Rates Causing Uncertainty in Fastener Pricing

October 02
16:44 2016

Pacific-West Fastener Association panelists Tim Roberto and Simmi Sakhuja offered insights on nickel pricing, steel costs and freight rates which affect fastener prices – so distributors can explain to their customers...

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FINdex Solidifies Gains During Third Quarter

October 02
16:31 2016

The FIN Fastener Stock Index continued to improve in the third quarter of 2016, as automotive fastener stocks continued to grow and companies with aerospace fastener holdings rebounded from a...

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