Global Fastener News

NEWS BRIEFS

FIN Stock: STANLEY BLACK & DECKER

August 26
23:50 2016
    FIN Stock: STANLEY BLACK & DECKER

Stanley Black & Decker's engineered fastening platform, anchored by Emhart Teknologies, totals approximately $1.5 billion in annual revenues.

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FIN Stock: TRIMAS CORP.

August 26
22:43 2016
    FIN Stock: TRIMAS CORP.

2015 TriMas Corp. reported Aerospace segment sales, including fasteners, jumped 45% to $176.5 million in 2015, with segment gross profit rising 69% to $58.6 million. Energy segment revenue, including fasteners,...

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FIN Stock: WESCO AIRCRAFT

August 26
22:24 2016
    FIN Stock: WESCO AIRCRAFT

Wesco manages aerospace supply chains, with over 525,000 parts, including nuts, bolts, bushings, clamps, collars, pins, screws and washers.

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Hagan: Fastener Company Acquisitions Highest in 8 Years

August 26
22:14 2016
    Hagan: Fastener Company Acquisitions Highest in 8 Years

Hagan, a consultant specializing in advising fastener companies on acquisitions, said 2015 was “the most active year for deal-making over the past eight years.”

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Rockford Products Closing, Laying Off 171

August 10
21:22 2016
    Rockford Products Closing, Laying Off 171

A private equity company reportedly had invested $30 million since 2007 “without seeing any return on the investment” and the fastener manufacturer has defaulted on payments. The company is seeking potential buyers.

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Fastener Inspection Equipment Firm Faces Sentencing For Exporting to Iran

July 20
20:03 2016
    Fastener Inspection Equipment Firm Faces Sentencing For Exporting to Iran

Mectron allegedly sold an MI8500 inspection system to the Iran Tohid Co. of Tehran in March 2010, and once before in late 2008.

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June FDI “Modestly Higher”

July 13
21:06 2016
    June FDI “Modestly Higher”

June results benefitted from a slight uptick in sales, while the sequential point-of-sale pricing index marked the third consecutive month of expansion.

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Fastener Sales Decline at Fastenal

July 13
19:56 2016
    Fastener Sales Decline at Fastenal

"Our (fastener) market share gains continue to be strong, but the contraction in purchases from our existing customers, plus some price deflation, has eliminated our growth and led to contraction."

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Groov-Pin Marks 90th Anniversary

May 10
22:44 2016
    Groov-Pin Marks 90th Anniversary

Founded in 1926 in Long Island City, NY. where the patented press-fit fastener called a grooved pin was developed.

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Jergens Division JIS Acquires B&G Supply

May 06
19:56 2016
    Jergens Division JIS Acquires B&G Supply

B&G Supply has served Northeast Ohio industrial customers for over 40 years, with a focus on tools, abrasives and fasteners.

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King, Windham Lead SEFA

April 19
18:45 2016
    King, Windham Lead SEFA

Southwestern and Southeastern to conduct joint conference in New Orleans in April 2017.

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PEMNET Releases SMPP Self-Clinching Nuts

April 13
23:45 2016
    PEMNET Releases SMPP Self-Clinching Nuts

Installs with minimal footprint in ultra-thin stainless steel sheets.

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Metals Groups Oppose ‘Market Economy’ Designation for China

March 29
23:18 2016
    Metals Groups Oppose ‘Market Economy’ Designation for China

Manufacturers for Trade Enforcement is a group of U.S. manufacturing associations which oppose designation of China as a market economy. Member organizations include the American Wire Producers Association, Alliance for American Manufacturing, American Iron & Steel Institute, Steel Manufacturers Association and nine other groups.

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U.S. Fastener Exports & Imports Grow in January

March 23
23:09 2016
    U.S. Fastener Exports & Imports Grow in January

After falling 6% in December, U.S. fastener exports of iron and steel fasteners in January, boosted by gains in Canada, Mexico and France.

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Reilly: Offer ‘Total Solution’ Not ‘Naked Products’

March 23
22:44 2016
    Reilly: Offer ‘Total Solution’ Not ‘Naked Products’

“There is no more ‘free’,” price consultant Tom Reilly the joint meeting of the National Fastener Distributors Association and Pacific-West Fastener Association. “There is a fee for free. Somebody has to pay for all that ‘free.’”

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Distribution One Promotes Compton

November 30
00:00 2015

12/1/2015 1:25:00 AM NEWS BRIEFS + click to enlarge Randy Compton was promoted from implementation manager to operations manager for Distribution One. Compton joined the ERP software provider in 2011. Founded in...

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Emerald VP: Quality Attendance 1st & Foremost

November 30
00:00 2015

12/3/2015 NEWS BRIEFS Emerald VP: Quality Attendance 1st & Foremost + click to enlarge “We have a team of experts that understand first and foremost that quality attendance growth is...

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Garrett, Flajnik Lead SFA for 2016

November 30
00:00 2015

12/3/2015 10:36:00 AM NEWS BRIEFS + click to enlarge Ron Garrett + click to enlarge Matt Flajnik Ron Garrett of SBS Industries is the 2016 chair of the Southwestern Fastener...

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B2B Industrial Expands Fastener Offerings

November 30
00:00 2015

12/4/2015 2:29:00 AM NEWS BRIEFS + click to enlarge Dean Summerfield B2B Industrial Packaging announced a “significant expansion of its fastener expertise and inventory – made possible by the recent...

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Gowett at STAFDA: People Want To "Know and Trust" Businesses

November 30
00:00 2015

12/6/2015 2:14:00 AM NEWS BRIEFS Gowett at STAFDA: People Want To “Know and Trust” Businesses + click to enlarge Rod Gowett People want to do business with people they know...

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