Jason Sandefur General Electric Co. reported Con-sumer and Industrial segment sales, in-cluding fastener distributor GE Supply Logistics, rose 2.3% to 14.09 billion, while segment profit soared 21.6% to $871 million...
NEWS BRIEFS
May 31
00:00
2006
Jason Sandefur Capping a profitable year, Honeywell Inc. reported aerospace sales, including fasteners, increased 7.7% to $10.5 billion, while segment profit grew 15% to $1.7 billion. Aerospace sales during the...
May 31
00:00
2006
Jason Sandefur Illinois Tool Works kept up its double-digit growth in 2005, with revenue rise 10% to a record $12.92 billion and net income increasing 11.7% to $1.49 billion. ITW...
May 31
00:00
2006
Jason Sandefur In December 2005 Lawson Products Inc. bought Rutland Tool & Supply Co., a distributor of metalworking tools, machine tools, fasteners and related MRO supplies, for about $15 million,...
May 31
00:00
2006
Jason Sandefur Sales at Nucor Corp. rose 12% to $12.7 billion in 2005, while profits climbed 16.8% to $1.31 billion. The average scrap and scrap substitute cost per ton used...
May 31
00:00
2006
Jason Sandefur Park-Ohio Holdings Corp. consolidated sales grew 15.3% to $932.8 million in 2005, while net income more than doubled to $30.8 million. In July 2005 Park-Ohio acquired Memphis, TN-based...
May 31
00:00
2006
STOCK REVIEW: H. PAULIN & CO. Jason Sandefur H. Paulin & Co. reported strong earnings growth in 2005, with net profit growing 21% to CAD$6 million on a 5.7% increase...
May 31
00:00
2006
Jason Sandefur Precision Castparts Corporation”s fastener sales topped $800 million in fiscal 2006, boosted by organic growth from recently acquired Air Industries Corp. PCC reported fastener revenue grew 19.8% to...
May 31
00:00
2006
Jason Sandefur Textron Inc. decided to sell its fastener division, Textron Fastening Systems, plagued by mounting losses from a slumping domestic auto industry. During 2005 TFS closed its new $35...
May 31
00:00
2006
Jason Sandefur W.W. Grainger Inc. significantly expanded its fastener offerings in 2005, undertaking what Purchasing magazine described as the biggest product expansion in its 78-year history by adding more than...
May 31
00:00
2006
Jason Sandefur R&B Inc. is changing its name to Dorman Products Inc. “The change from R&B, Inc. to Dorman Products, Inc. will present a sharper image of the company and...
May 26
00:00
2006
Jason Sandefur Wire Expo 2006 attendance edged up to 2,407 at the 76th annual Wire Association International convention in Boston during May. The last Wire Expo held two years ago...
May 11
00:00
2006
John Wolz Fastener manufacturers and distributors may think RoHS is a European issue now, but lot traceability on compliant fasteners may be important soon in North America.\ If the state...
May 11
00:00
2006
John Wolz Editor”s Note: The following column is presented by Taiwan-based Fastener World magazine as part of a news column exchange with FIN. Rising petroleum prices have increased the price...
May 08
00:00
2006
John Wolz Communicate with suppliers, panelists on the “How to Buy Fasteners session at the Southwestern Fastener Expo advised new purchasing staff. “Know your suppliers,” Steve Cabral of Lone Star...
April 13
00:00
2006
John Wolz The American Wire Producers Association marked its 25th anniversary with four past presidents Larry Selhorst, John Mueller, Charlie Salanski, Pete Cronin and a representative for a fifth, H....
March 08
00:00
2006
Jason Sandefur Zimbabwe-based Zimplow Ltd. acquired CT Bolts Ltd. for about 168 billion Zimbabwe dollars (US$1.7 million), the publication All Africa reported. CT is a fastener distributor that also manufactures...
March 01
00:00
2006
John Wolz J.W. Winco Inc. added online shopping with an updated website. Users at jwwinco.com may now check pricing of 18,000 parts and purchase 24/7. The new website provides 3D...
January 23
00:00
2006
John Wolz Mike Zeleny joined Mid-State Bolt & Nut Co. Inc. as director of purchasing, president Brad Wilson announced. Zeleny has both manufacturing and distribution experience and has held purchasing...
December 16
00:00
2005
John Wolz Barnes Group Inc. promoted Idelle Wolf to president of Barnes Distribution, succeeding retiring Keith Drewett. Wolf remains a vice president of Barnes Group. Barnes Group CEO Edmund Carpenter...
