Tentative agreement provides a 62% wage increase and extends existing contract through January 15 to bargain over remaining issues.
NEWS BRIEFS
Carl Spackman of Copper State Bolt & Nut Co. (Phoenix) was elected president of the Pacific-West Fastener Association.
Glen Brin of DarLoc Corp. and Robert Sachs of XL Screw named to Midwest Fastener Association Hall of Fame, along with Kanebridge Corp.
Deal will reportedly make Belfast-based Profast Group Ireland’s biggest distributor of fasteners, fixings and mechanical support systems.
Together with Bossard Aerospace Germany, the deal makes the Swiss manufacturer a significant provider of fasteners and logistics services in the European aerospace industry.
“The fastener industry is currently being conquered by private equity, a model in which the minute you sell your business, you are for sale in the future.”
Final Fastener Training Week of 2024 scheduled in Cleveland on November 18-22.
“TurnaSure’s innovative Direct Tension Indicators (DTIs) and ViewTite Self-Indicators are now part of the Wrought Washer product family.”
He owned Kentucky-based D&D Distribution, a manufacturer’s representative company for specialty fasteners and welding equipment.
Documents indicate industrial supply distributor intends to build and occupy the facility within five years, according to Industrial Distribution.
MSC Industrial Supply promoted executive VP and COO Martina McIsaac to President after she made “significant improvements to our internal and external operations.”
Deal to acquire Singapore-based TCR establishes a "beachhead operation" to target new customers in such critical end markets as technology, semiconductor, industrial, and manufacturing.
Founded in 1874 by William Anderson, the company relocated from Cleveland to Tiffin, OH, where it continues to find global success in advanced cold forming technology.
News of 60,000 sq ft distribution center comes six months after the Green Bay-based fastener distributor opened its first branch in the market.
Italian fastener manufacturer said U.S. sales are growing thanks to new customers and new applications in emerging industrial sectors.
Executive has over 35 years of experience in the tooling and manufacturing industry.
Allied Bolt Products president Glen Malin will remain as president - a position he has held since 2002 after his father retired.
During his fastener career, new director has handled business development for Optimas Solutions, Facomp, Bossard Americas and Pencom.
Demanding higher wages and a better pension, workers appeared ready for an extended strike - the first at the aerospace giant in 16 years.
Opening comes less than a week after Endries acquired Florida-based ServTronics - its second acquisition of 2024.