1/6/2016 11:11:00 AM NEWS BRIEFS AIT Acquires HUB Industrial Supply + click to enlarge + click to enlarge Gabriel Curry Applied Industrial Technologies acquired HUB Industrial Supply, a distributor of...
NEWS BRIEFS
12/31/2015 3:48:00 AM NEWS BRIEFS UAE Distributor Receives ISO Certification + click to enlarge Maimoon Building & Construction Material Trading LLC received ISO 9001 quality management standard certification. Sterling International Consulting...
12/23/2015 NEWS BRIEFS FAA Fastener Fines Hit Boeing and Southwest Airlines + click to enlarge The Federal Aviation Administration recently handed down two significant fines related to aerospace fasteners. Boeing...
12/24/2015 NEWS BRIEFS Novario Group Consolidates Fastener Operations + click to enlarge Bryan Perkins Novaria Group is relocating subsidiary Sky Aerospace Products from Los Angeles to Westbury, CT, where it...
12/14/2015 4:53:00 PM NEWS BRIEFS Cable Tie Express Announces Equity Investment Cable Tie Express announced an equity investment by Roman Capital. + click to enlarge Char Cooper (photo courtesy LINK...
12/17/2015 12:01:00 AM NEWS BRIEFS Price Cuts and Lower Volume Hurt Grainger Sales + click to enlarge + click to enlarge Grainger reported daily sales declined 2% in November 2015,...
12/18/2015 12:01:00 AM NEWS BRIEFS Hedge Fund Boosts Stake in Precision Castparts + click to enlarge Harvest Management bought a new stake in Precision Castparts Corp. during the third quarter,...
Park Forest, IL-based CMG is a $240 million manufacturer of custom-engineered metal fasteners, cold formed parts and stampings for car makers, automotive suppliers, and industrial manufacturers.
Bisco Industries opened three new sales facilities in 2015, marking the fifth consecutive year that Bisco opened at least one new facility.
For Fastenal's fastener product line, the opening months of 2015 started strong before fizzling as the year progressed.
"This was a challenging year for us and for most industrial companies, with an unprecedented combination of declining oil and commodity prices, low inflation and a strong U.S. dollar," stated CEO Jim Ryan.
Founded in 1912, ITW manufactures fasteners and industrial components and specialty products primarily for the auto, food and construction industries.
KLX - the former Consumables Management segment of B/E Aerospace - reported sales, primarily from fasteners, declined in 2015.
Lawson Products reported sales were impacted by a "general slow-down in the MRO marketplace, continued weak demand from customers in the oil and gas industry and a decline in the Canadian dollar."
"Our fiscal 2016 first quarter performance reflected continued share gains, sustained gross margin stabilization, and another quarter of strong expense controls," stated CEO Erik Gershwind.
Nucor Corp. reported cold finished steel sales, including results from Nucor Fastener, dropped 8.5% to 119,000 tons in the opening quarter of 2016.
Park Ohio's Supply Technologies provides logistics services from logistics service centers in the U.S., Mexico, Canada, Puerto Rico, Scotland, Hungary, China, Taiwan, Singapore and India.
The Fastener Products segment is expected to benefit when Boeing 787 production schedules accelerate and core aerospace product sales recover.
Simpson Strong-Tie designs and manufactures wood-to-wood, wood-to-concrete and wood-to-masonry connectors and fastening systems.