Global Fastener News

NEWS BRIEFS

MWFA Awards $43,500 in 2020 Scholarships

October 20
08:31 2020

The 2020 scholarships bring Mid-West Fastener Association’s total to $812,000 in scholarships over 34 years.

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Strandquist Named Optimas Solutions CEO

October 19
13:30 2020

Strandquist started in the fastener industry in 1986 with Rockford Products. He had been with Würth from 2001 to 2019, where he served as executive VP of the Würth Group and CEO of Würth Industry North America. He joined Optimas as President of the Americas in January 2020.

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Taiwan Fastener Exports Up 4th Month

October 15
11:17 2020

Taiwan’s fastener exports recorded four consecutive months of growth, reaching 123,500 tons in August.

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Simpson Mfg. Names Olosky COO

October 15
10:17 2020

He succeeds Ricardo Arevalo, who retired earlier this year after 20 years with Simpson.

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Fastenal Fastener Sales Decline Slows

October 14
12:51 2020

“The daily sales decline of fasteners reflects the continued softness of the manufacturing and construction markets, but is improved on the 16.4% daily sales decline of fasteners experienced in the second quarter of 2020 compared to the second quarter of 2019,” the company stated.

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Stanley Engineering Fastening Closing Rivet Factory

October 14
11:17 2020

The 90,000 sq ft facility in North Carolina was initially Avdel Cherry Textron, followed by Acument Global Technologies and Infastech before becoming Stanley Engineered in 2013.

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Equity Firm Acquires B2B Industrial

October 13
14:11 2020

Founded in 2004, Addison, IL-based B2B Industrial Packaging sells fasteners, steel strapping and stretch film.

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BBI/Proferred Names Gibson, Unger

October 12
10:03 2020

“Scott will direct Proferred’s sales efforts with our building and drywall customers,” BBI stated on Twitter.

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Wind Fastener Manufacturer Opening U.S. Facility

October 08
14:33 2020

Threaded bolt manufacturer Rose Holm will invest $1.35 million in the southeastern Virginia facility.

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MW Industries’ Parent Co. Completes $825m Life Sciences Acquisition

October 07
12:39 2020

American Securities is combining Life Sciences with Rosemont, IL-based MW Industries but will operate and finance the two companies separately. 

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MWFA Announces October ‘Golfdemic’ Outing

October 07
11:41 2020

The website labels it the “MWFA Golfdemic Outing” and suggests there have been “too many months of the pandemic.”

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Taiwan’s China Steel Hikes Q4 Prices

October 06
17:49 2020

The domestic Q4 list price for bar and rod increased by TW$750 per ton, Fastener + Fixing Magazine reports.

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Avantus Aerospace Acquires CalScrew

October 06
12:19 2020
    Avantus Aerospace Acquires CalScrew

The deal marks the second time in a week that Avantus has acquired an aerospace fastener company.

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Endries Acquires K&L Sales

October 02
13:29 2020
    Endries Acquires K&L Sales

K&L was founded in Waukesha, WI, in 1985 by brothers Dave Knebes and Tom Knebes to distribute riveting products and installation tools.

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Registration Open For Fastener Training Week

October 01
14:43 2020

Given the advanced technical nature of the training, it is recommended that participants have at least two years’ experience in fastener sales, purchasing, manufacturing or quality assurance.

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Avantus Aerospace Acquires FIT

September 29
16:41 2020
    Avantus Aerospace Acquires FIT

New Fastener Innovation Technology Corporation owner Avantus Aerospace acquired Fastener Technology Corporation in December 2019.

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Winsupply Building ‘Innovation’ Center

September 24
12:40 2020

Distribution giant Winsupply Inc. broke ground on the future home of the Richard W. Schwartz Center for Innovation in Moraine, OH. 

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EFG Names New HR Director

September 24
08:32 2020
    EFG Names New HR Director

Chris Carlson will be based in Wheeling, IL.

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Howmet Aerospace Layoffs Continue

September 23
12:38 2020

Howmet Aerospace is set to lay off a total of 265 employees by November as less air traffic lowers sales, WSBT reports.

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Bolts & Nuts Becomes Stock’d Supply

September 15
12:14 2020

Rebranding follows several recent acquisitions, investment in technology, and an expanded products and services offering.

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