Jason Sandefur PennEngineering & Manufacturing Corp. signed an agreement to be purchased for about $330 million in cash by PEM Holding Co., an affiliate of Tinicum Capital Partners II.\ Under...
NEWS BRIEFS
January 26
00:00
2005
1/26/2005 The Canadian government announced 5-year tariffs on certain carbon steel and stainless steel screws from Taiwan and China. The Canadian International Trade Tribunal determined that the dumping and illegal...
January 24
00:00
2005
John Wolz Five industry leaders will be panelists at a FIN / FastenerNews.com workshop on “How to Buy Fasteners” during Fastener Week 2005: Joel Roseman of Arnold Industries, Jay Hebert...
January 24
00:00
2005
John Wolz Economist Alan Beaulieu told the Metropolitan Fastener Distributors Association that U.S. manufacturing in on the “ascent”, but the economy is in for a “soft landing” later this year....
January 19
00:00
2005
Jason Sandefur Strong fastener sales and price increases helped Fastenal Co. post a 24.5% revenue increase to $1.2 billion during 2004, while net income grew 55.7% to $131 million. The...
January 17
00:00
2005
Jason Sandefur PennEngineering & Manufacturing Corp. signed an agreement to be purchased for about $330 million in cash by PEM Holding Co., an affiliate of Tinicum Capital Partners II. Under...
January 14
00:00
2005
John Wolz Porteous Fastener Company named Don Haggerty vice president for eastern operations and is opening a eastern distribution center in New Jersey. This newly constructed warehouse will stock 20...
January 13
00:00
2005
John Wolz Jetna FasTech / M&P Fasteners International Inc. appointed Pro Sales as rep and for warehousing in Virginia and the Carolinas, director of sales John Wand announced. Pro Sales...
January 12
00:00
2005
John Wolz Precision Castparts Corp. sold Arnold Magnetic Technologies Corp., which has been in discontinued operations since PCC”s 2003 acquisition of SPS Technologies, to Audax Group. Terms of the transaction...
January 10
00:00
2005
Jason Sandefur Steelmaker and fastener manufacturer Nucor Corp. announced it will purchase Oak Creek, Wi-based Fort Howard Steel Inc. Fort Howard produces cold finished bar product, with 140,000 tons of...
January 06
00:00
2005
Jason Sandefur MacLean Fastener Services named Larry Bryk as general manager of its Franklin Park, IL, distribution center. Bryk has been with parent company MacLean-Fogg for 8 years. MacLean also...
January 06
00:00
2005
John Wolz Fastener China 2005 and the International Fastener Technology Exhibition will be part of the 2005 China International Machine Components Industry Exhibition Machine Components 2005. The events are scheduled...
December 09
00:00
2004
Jason Sandefur Hodell-Natco Industries Inc. promoted Sue Jentner to human resources director after serving for 10 years as purchasing manager for the Cleveland-based master distributor. Ellen Daniels was named to...
December 08
00:00
2004
Jason Sandefur Joseph Stephan was named national field sales representative for Bossard Metrics Inc., business unit manager J. David Thomson announced. Stephan has over 30 years in the fastener industry...
December 03
00:00
2004
Jason Sandefur Illinois Tool Works Inc. forecasts growth across its major businesses over the next five years, including a 4% to 6% increase in 2005. Reuters reports ITW projects compound...
December 02
00:00
2004
John Wolz Dan Long joined the HTI global logistic team at Heads & Threads International. Long has been in the fastener industry since 1992. Founded in 1953, Heads & Threads...
August 26
00:00
2004
John Wolz W�rth Adams named nine new staff members to accommodate sales growth during its 25th year: Mike Mielke, director of sales: Paul Lees, customer services supervisor; and Donna Mitchell,...
May 26
00:00
2004
John Wolz Fastener companies and other suppliers could lose $8.4 million in the proposed acquisition between bankrupt Distribution Dynamics Inc. and Anixter International, under a deal that would assure DDI...
