Jason Sandefur The export growth rate of China’s fasteners has slowed down since the beginning of 2008 due to the change in the exchange rate of the Chinese Yuan, China’s...
NEWS BRIEFS
June 23
00:00
2008
Jason Sandefur Belarus-based Rechitza Metiz Plant plans to start production of high-grade fasteners by 2009. The company has developed a $ 4.5 million investment project to purchase equipment and create...
June 19
00:00
2008
Jason Sandefur Bufab continues to expand in Europe by acquiring Mercantile OY, which has operations in Finland and Estonia. The company distributes industrial fasteners with annual revenues of about SEK...
June 19
00:00
2008
Jason Sandefur Acument Global Technologies – Holly Operations Gainey Drive received the Michigan’s Star Award, the highest workplace safety and health award from the Michigan Occupational Safety and Health Administration....
June 18
00:00
2008
Jason Sandefur UK-based Trifast reported revenue dropped 7% to GBP 122.36 million (US$238.9 million) during fiscal 2008, which ended March 31, 2008. The reduction in sales resulted “from customer site...
June 18
00:00
2008
Jason Sandefur San Francisco-based private equity firm Lombard Investments Inc. announced a $15 million investment in automotive fastener maker San Shing Fastech Corp. of Taiwan. The transaction, which places Lombard...
June 17
00:00
2008
Michael Reed Titan Fastener is currently interested in seeking aggressive sales representatives for packaged fasteners, as well as other industrial related items in Colorado, New Mexico, Texas, Oklahoma and Louisiana....
June 13
00:00
2008
Jason Sandefur Grainger announced plans to expand its operations throughout the Gulf region. The company will revamp its distribution network by opening four new facilities, relocating one other, and enhancing...
June 12
00:00
2008
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June 12
00:00
2008
John Wolz Singapore fastener maker Unisteel Technology Ltd. agreed to be acquired by Kohlberg Kravis Roberts & Co. in a take-private deal valuing the company’s stock at 785 million Singapore...
June 12
00:00
2008
John Wolz Vertex Distribution is moving to a new and larger location effective Monday June 23, 2008. The new location is Attleboro, MA 02703. Tel: 508 431-1120 or 800 888-2355...
June 11
00:00
2008
Jason Sandefur Grainger’s Canadian subsidiary, Acklands Grainger, acquired Excel Industriel of Granby, Quebec. Excel is a business-to-business broad line distributor of fasteners and other MRO supplies. Terms were not disclosed....
June 11
00:00
2008
John Wolz EGC Enterprises Inc. has begun producing RotaBolt tension control fasteners for the wind energy market. EGC is the North American licensee for U.K.-based James Walker RotaBolt. The critical...
June 10
00:00
2008
John Wolz The 27th annual Mid-West Fastener Show is sold out of exhibit space, MWFA executive director Nancy Rich announced. The hall holds 90 tables for the Monday, June 16,...
June 10
00:00
2008
John Wolz PennEngineering named Fastbolt Corp. as authorized distributor in North America. Founded in 1974, Fastbolt operates stocking locations along the Eastern Seaboard and in Quebec, Canada. Fastbolt is headquartered...
June 09
00:00
2008
Jason Sandefur B/E Aerospace Inc. agreed to buy Honeywell’s aerospace fastener distribution business, Honeywell Consumable Solutions, for $1.05 billion, transforming B/E Aerospace into one of the largest distributors of aerospace...
June 09
00:00
2008
John Wolz Show management reported booth sales for the 12th annual National Industrial Fastener Show/West are 5% ahead of last year’s pace. At 829 booths, the 2007 show broke the...
June 07
00:00
2008
Jason Sandefur Hit with skyrocketing fuel costs, Heads & Threads International will implement a fuel surcharge (FSC) on all prepaid shipments beginning August 1, 2008. “HTI has experienced a 21%...
June 06
00:00
2008
John Wolz Fastener & Fixing Europe editor Phil Matten will conduct a forum on price increases during Fastener Fair Coventry. The UK and Ireland-oriented trade show will be June 11-12,...
June 05
00:00
2008
Emergency Housing for China’s Earthquake Victims Increasing Fastener Demand John Wolz The Sichuan earthquake in China is increasing demand for fasteners for the one million prefabricated emergency houses to be...
