John Wolz “We had on the corporate chalkboard for some time a question: ‘Could we produce a simplified, less expensive Formax?’” National Machinery LLC CEO Andrew Kalnow explained the new...
NEWS BRIEFS
Jason Sandefur H. Paulin & Co. reported sales rose 1.2% to CAD 34.4 million (US$34.18 million) during the first quarter of 2008, while income before taxes dropped 99% to CAD...
John Wolz The MacLean-Fogg Companies board promoted Duncan MacLean from president of the Fastener division to president of MacLean Vehicle Systems. MacLean holds engineering degrees from the Dartmouth College Thayer...
John Wolz Nissen Fasteners Inc. launched an online fastener price list at nissenfasteners.com/lists. “Everyone knows that there is a lot of volatility in the current marketplace,” executive vice president Peter...
John Wolz A new fastener trade show in Hungary will be the first to focus on Eastern Europe. Fastener Fair Budapest will be September 22-23, 2008. Fastener Fair organizer Jerry...
Richard Hagan 2007 was the year of the $100 million + acquisitions in the fastener industry, Richard Hagan commented upon releasing his Top Ten Fastener Deals of 2007. \ The...
Jason Sandefur Foreign sales boosted sales and profit growth among publicly-traded fastener companies dealing with a weak U.S. dollar and struggling domestic markets in 2007, according to the upcoming 2007...
John Wolz Slater Tools Inc. is expanding its Swiss type adjustment free rotary broaching tool holders for manufacturing small fasteners, orthopedic bone screws and aerospace and medical industries, Peter Bagwell...
TriMas Fastener Sales Grow Jason Sandefur Aerospace fastener demand helped push TriMas Corp’s industrial sales up 5.7% to $54.5 million during the first quarter of 2008. Segment operating profit rose...
John Wolz The Industrial Fasteners Institute is listing fastener suppliers who have self-certified compliance with the DFARS Specialty Metals Clause (10 USC 2533B) of the 2008 Defense Authorization Act. Web:...
Jason Sandefur Precision Castparts Corp. reported strong fastener sales growth during fiscal 2008, with revenue jumping 25% to $1.52 billion. Operating income soared 47% to $384.2 million. During the fourth...
John Wolz 2007 was the year of the $100 million + acquisitions in the fastener industry, Richard Hagan commented upon releasing his Top Ten Fastener Deals of 2007. The $856...
John Wolz FastenersClearingHouse.com database manager Brian Musker announced the online surplus fastener database surpassed 275,000 line items. Distributors can post up to 19,000 lines and receive RFQs from buyers. Operations...
Jason Sandefur Barnes Distribution sales, including fasteners, rose 1% to $141 million during the first quarter of 2008, while operating profit climbed 12% to $7 million. “Barnes Distribution’s North American...
John Wolz MLM Fasteners Limited announced a merger with QEF Global Group. Based in the UK’s West Midlands, MLM is now operating as QEF Global England with Noel England is...
John Wolz A total of 140 companies have reserved space for the June 11-12, 2008, Fastener Fair Coventry. “We’ve never had this much space booked by exhibitors,” noted show organizer...
Jason Sandefur Despite a “steep decline” in U.S. automotive production, sales at Black & Decker’s Fastening and Assembly Systems segment increased 4% to $186.5 million during the first quarter of...
John Wolz The National Industrial Fastener Shows information is now available online in nine languages, show manager Susan Hurley announced. “Persons searching the web for information about fastener exhibitions in...