Global Fastener News

NEWS BRIEFS

Southwest Fastener Opens 4th Location

August 08
00:00 2013

8/8/2013 1:48:00 PM + click to enlarge Southwest Fastener opened its fourth branch. The new Tucson branch will have a Will Call department, 1,000 SKUs in stock in the 1570...

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Dorman Products Sales Rise

August 07
00:00 2013

8/6/2013 12:36:00 PM NEWS BRIEF + click to enlarge Dorman Products reported sales, including fasteners, increased 13% to $162.3 million in the second quarter of 2013. Income from continuing operations...

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BB&T: Low Inventories May Yield Fastener Buying

August 07
00:00 2013

8/7/2013 2:51:00 AM NEWS BRIEF Grainger, Fastenal and MSC rose following a solid PMI number, but BB&T consultants question the figures for the fastener industry. The national Purchasing Managers Index...

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ITW Authorizes $6 Billion Share Repurchase Program

August 04
00:00 2013

8/5/2013 8:59:00 AM NEWS BRIEF Illinois Tool Works Inc. announced that its board of directors approved a new share repurchase program that authorizes management to buy back up to $6...

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Fastenal Sales Increase in July

August 04
00:00 2013

8/5/2013 12:28:00 PM NEWS BRIEFS Fastenal Sales Increase in July + click to enlarge Fastenal reported sales in July grew 7.8% to $282.3 million, with daily sales up 2.9% to...

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Porteous Promotes Four To Leadership Roles

August 02
00:00 2013

8/2/2013 1:15:00 AM NEWS BRIEF + click to enlarge Porteous Fastener Company promoted four veteran employees:  Carrie Haggerty is the new Denver branch manager. She has been in the fastener industry since...

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Automotive Fastener Supplier Expanding

July 30
00:00 2013

7/30/2013 10:51:00 AM NEWS BRIEF + click to enlarge MultiTech Industries will establish a distribution and manufacturing facility in Franklin, KY, employing 10 people initially and as many as 40...

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U.S. Economic Growth Boosts Simpson Mfg. Sales

July 30
00:00 2013

7/31/2013 12:13:00 PM NEWS BRIEF + click to enlarge Simpson Manufacturing reported sales, including fasteners, increased 7.6% to $195.6 million in the second quarter of 2013 due to increased sales...

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Nonconforming Fasteners Lead To $2.75m Fine

July 29
00:00 2013

7/29/2013 1:40:00 AM NEWS BRIEF + click to enlarge The Federal Aviation Administration is proposing a $2.75 million fine against Boeing for allegedly failing to maintain its quality control system...

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TriMas Fastener Sales Improve

July 29
00:00 2013

7/29/2013 4:00:00 PM NEWS BRIEF TriMas Corp. reported sales in its Aerospace & Defense segment (consists of Monogram Aerospace Fasteners, Martinic Engineering and NI Industries) increased 22.8% to $23.7 million...

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Würth Names Strandquist Executive VP of WINA

July 26
00:00 2013

7/26/2013 12:40:00 PM + click to enlarge Würth Group of Germany appointed Marc Strandquist executive vice president of Würth Industry of North America. The appointment is part of reorganization of...

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PCC Fastener Sales See Double-Digit Jump

July 25
00:00 2013

7/25/2013 10:23:00 AM NEWS BRIEF + click to enlarge Precision Castparts Corp. reported sales in its Airframe Products segment — primarily fasteners — increased 39% to $686 million in the...

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ITW Automotive Fastener Segment Leads Company Growth

July 24
00:00 2013

7/24/2013 9:50:00 AM NEWS BRIEF + click to enlarge ITW reported its Automotive OEM segment, including fasteners, led the company in organic growth, increasing 12% to $614 million in the...

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B/E Aerospace Fastener Orders Mark "Solid Upturn"

July 23
00:00 2013

7/23/2013 2:33:00 AM NEWS BRIEF B/E Aerospace Fastener Orders Mark “Solid Upturn” + click to enlarge + click to enlarge B/E Aerospace reported sales in its Consumables management segment —...

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Anixter Reports Sequential Gain in Fastener Segment Sales

July 23
00:00 2013

7/23/2013 1:37:00 PM NEWS BRIEF + click to enlarge Anixter reported OEM Supply (“OEM”) sales — including results from Anixter Fasteners — declined 2.3% to $235.1 million in the second...

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MW Industries Makes 5th Acquisition in Two Years

July 22
00:00 2013

7/22/2013 12:19:00 PM NEWS BRIEF + click to enlarge Specialty spring and fastener manufacturer MW Industries acquired Mohawk Spring.  Headquartered near Chicago in Schiller Park, IL, Mohawk manufactures precision springs,...

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Fastener Segment Sales Slip at Nucor

July 19
00:00 2013

7/19/2013 10:55:00 AM NEWS BRIEF + click to enlarge Nucor Corporation reported cold finished steel sales, including results from Nucor Fastener, declined 6% to 124,000 tons in the second quarter...

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Northern Wire Marking 40th Anniversary

July 18
00:00 2013

7/18/2013 9:44:00 AM + click to enlarge Northern Wire LLC is marking its 40th anniversary. The northern Wisconsin company was founded in 1973 to manufacture wear-rods for snowmobile skis. Located...

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EFC International Promotes Dudenhoeffer

July 18
00:00 2013

7/18/2013 11:15:00 AM NEWS BRIEF CEO Douglas Adams promoted Matthew Dudenhoeffer to president of EFC International.    Dudenhoeffer joined EFC in 1993 as a sales engineer.  In late 2012 Dudenhoeffer...

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Foreign Demand Drives Grainger Sales Gains

July 17
00:00 2013

7/17/2013 12:40:00 PM NEWS BRIEF + click to enlarge Grainger reported sales, including fasteners, grew 6% to a record $2.4 billion in the second quarter of 2013, consisting of 4 percentage...

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