The website represents 74 years of Spirol engineering knowledge in fastening, joining and assembly.
NEWS BRIEFS
Bufab Group reported increased 57% to SEK 2.24 billion (US$219.8 million) in the second quarter of 2022, which included 16% organic growth.
In 1982, Richard Pratt opened a 2,500 sq ft warehouse. Today the Illinois distributor has two facilities totaling 50,000 sq ft.
The Southwestern Fastener Association meeting will be September 28-30 at the Choctaw Resort & Casino in Durant, OK.
International Fastener Expo will be October 17-19 at the Mandalay Bay Resort in Las Vegas.
Daniel Philippe Stier is the new managing director, succeeding Florian Beer – who is taking a sabbatical.
In the first four months of 2022, Würth generated sales growth of 18.8% and operating income gains of 11%.
Daily sales to manufacturing customers increased 23.1% in Q2, while daily sales to non-residential construction customers rose 10.8%.
Edward James “Ed” McIlhon was a leader in the U.S. Fastener Quality Act legislative process and the 1994-95 president of the National Fastener Distributors Association. He was inducted into the IFE Hall of Fame in 2019.
“The sale of the company to ETTINGER is a continuation of a long-lasting and close cooperation between TITAN and ETTINGER.”
Founded in 1931, the IFI represents North American fastener manufacturers of mechanical fasteners and formed parts and key suppliers to the industry.
Investigation revealed that the fasteners were being torqued to spec but the corresponding studs were not properly pressed into the axle shaft subassemblies.
The conference will be September 14-17 at the Brown Palace Hotel & Spa in downtown Denver.
He was a member of the Los Angeles Fastener Association and the Western Association of Fastener Distributors during his 58 years in the fastener industry.
Robbie and Gina Gilchrist established the Gilchrist Foundation Fastener Scholarship in 2000 and have subsequently awarded 76 scholarships.
UK supplier TFC will continue to be led by Morgan Burgoyne and the current TFC management team as the AFC European business unit.
He had been the 1990-91 president of the National Fastener Distributors Association and was inducted into the NIFS Hall of Fame in 2004.
“Double-digit sales growth, gross margin execution and productivity all combined to expand adjusted operating margin by 200 basis in the fiscal third quarter with an adjusted incremental margin in the thirties,” stated CFO Kristen Actis-Grande.
Nick Ruetz of AIS is the 2022-2023 president of the National Fastener Distributors Association, succeeding Kevin Godin of AFC Industries.
After 40+ years in the fastener industry, Jim Ruetz said a doctorate was on his ‘bucket list.’