Fastening Systems revenue rose 11% in the fourth quarter of 2022 due to growth in the commercial aerospace market, with narrow body recovery as well as an increase in material cost pass through.
NEWS BRIEFS
February 14
11:47
2023
Saginaw, MI-based distributor will continue to be managed by Jim Terry, Tom Hagarty and the Markey management team.
February 09
23:02
2023
Founded in 1965, Englewood, CO-based Fasteners, Inc. is an industrial distributor for the Huck Fastening System.
February 09
22:13
2023
Michelle Olson has more than 30 years of sales, sourcing and purchasing experience for such companies as Würth Industry North America and Interstate Threaded Products.
February 09
03:32
2023
“This acquisition aligns with our product line expansion strategy, providing additional premier authorized distributorships including Howmet, HPF, Lisi, and Monogram,” stated Wencor’s President of Defense, Scott Herndon.
February 09
02:46
2023
Full-year sales increased 34.5% primarily due to product price increases and the acquisition of ETANCO.
February 07
23:15
2023
The Packer Fastener family of companies, including Green Bay-based Packer Fastener and Packer Freight and Chicago area-based Albolt Manufacturing, announced promotions of four key executives.
February 06
18:33
2023
Operating income declined 28% to $22.6 million, while net income fell to $6.2 million.
February 06
15:39
2023
Fastenal Co. reported fastener sales growth in January nearly doubled December’s growth rate.
February 03
13:13
2023
“Our strong 2022 performance was driven by the team's focused execution against our long-term strategy in a robust demand market,” stated CEO D.G. Macpherson.
February 03
12:14
2023
An economic forecast, cyber threats, logistics and an industry round table are topics for the 2023 Southeastern Fastener Distributors Association spring conference.
February 02
18:53
2023
Double digit growth in the aerospace and automotive markets was partially offset by industrial market declines.
February 02
18:36
2023
ITW reported Automotive OEM revenue, including fasteners, increased 12.3% in the final quarter of 2022, which included organic growth of 19.6%, partially offset by currency translation.
February 02
03:42
2023
“We have progressed well despite the ongoing macroeconomic challenges,” said Arathi Krishna, managing director of the Chennai, India-based fastener manufacturer.
February 02
02:50
2023
This marks the fifth year of partnership between the Fastener Training Institute (FTI) and Würth Industry North America (WINA).
January 30
12:04
2023
The partnership expands both companies’ products, services and geographical footprint. Mid-State Bolt & Nut will now be known as a division of Field.
January 27
15:24
2023
“We’re starting to see a number of demand drivers gathering momentum, including the reshoring of manufacturing, large infrastructure investments and grid modernization,” the company stated.
January 27
14:50
2023
Brazilian manufacturer Hassmann began construction of a new 10,000m facility to expand its production plant, enabling it to produce more high performance industrial fasteners for customers around the world, Fastener + Fixing Magazine reports.
January 26
15:37
2023
Morgan Rudolph of Rick Rudolph Associates is the 2023 president of the New England Fastener Distributors Association and Robert White of SB&W is VP.
January 26
14:40
2023
Fastener Professional of the Year award honors individuals and companies who make exceptional contributions to their companies and to the industry.
