Cash comes to Specialty Screw with over 25 years in the fastener industry.
NEWS BRIEFS

The $71.6 million deal represents the largest acquisition in Bufab’s 45-year history.
The North Coast Fastener Association is marking its 40th anniversary during its 13th annual NCFA Distributor Social on May 5.
Founded in 2000, Fastto distributes industrial fasteners in Europe to the machine building and appliances industries, as well as the construction sector.
Company was founded in 1962 by Howard Greis to develop cylindrical die rolling machines.
Founded in 1982, DB Roberts has grown to 15 North American locations in 11 states plus Mexico.
Merging the two Charlotte-based companies will increase production capacity and enable them to compete at greater scale.
Founded in 1959, Metallics produces fasteners in its central Connecticut plant through its affiliate, Avanti Screw, Inc.
The association’s 40th Chicago-area trade show will be Tuesday from 1pm to 6pm, followed by the traditional Fastener Bash.
Matthew Gelles will succeed his father as president and CEO, while his brother-in-law Ron Cipriano will be promoted to executive VP and COO.
The conference will be April 25-27 at the Embassy Suites by Hilton/Greenville Golf Resort & Conference Center in Greenville, SC.
Board chair Bengt Liljedahl cited Erik Lundén’s eight years of experience in senior positions within Sandvik “in combination with his personal qualities and proven leadership skills.”
ASF enrolled at 25% with plans to attribute 100% of its electricity use to renewable energy.
By end market, sales to manufacturing customers gained 25.8%, with sales to non-residential construction customers increasing 19.5% during the month.

Bulten has 125 employees in Russia, where it has been running its business through a joint venture with the automotive manufacturer GAZ since 2012.
Founded in 1969, Texas-based K-T Bolt provides custom fabrication, closed-die forging, in-house heat treating, and electropolishing.

Sales rose 22.4%, boosted by market share gains in growth industries such as robotics, electromobility, railway vehicle construction and medical technology.
He was the general manager of Carson’s Nut, Bolt & Tool Inc. of South Carolina.
Founded in 1983, Chicago Fastener Manufacturing (CFM) is a U.S. manufacturer of cold headed metal fasteners for on and off highway applications.
The expansion will bring the plant to 100,000 sq ft for production and inventory of 100 million parts.