Aerospace fastener and components manufacturer Shimtech Industries was renamed Avantus Aerospace by owners Inflexion Private Equity and Auctus Industries.
NEWS BRIEFS
June 15
13:07
2020
The annual FIN Review of Fastener Stocks was published today, showcasing how publicly-traded fastener companies have fared in the opening months of the pandemic.
June 11
18:28
2020
Fastener Fair USA surveying trade show participants with questions about viability of virtual options.
June 11
13:03
2020
“This expansion was driven by TriMas Aerospace’s new business growth in the region with customers like Airbus, Safran and Sonaca and the strategic positioning of parts to service its customer base,” TriMas stated.
June 10
12:05
2020
$4.3 million investment will combine Bulten NA with recently-acquired PSM International in a shared building in Streetsboro, OH, between Bulten’s current plant in Hudson and PSM’s in Youngstown.
June 09
11:47
2020
“The biggest jobs gain expected from proposals approved at the TCA's monthly meeting is from RMI Titanium, a maker of specialty titanium products for aerospace, industrial and consumer applications that wants to expand in Canton,” writes Dan Shingler for Crain’s Cleveland Business.
June 09
08:14
2020
Instructors will be IFI technical director Dr. Salim Brahimi; IFI director of training Laurence Claus; and Carmen Vertullo of Aim Testing Laboratories.
June 08
20:34
2020
The International Fastener Expo is scheduled September 28-30, 2020, at Mandalay Bay in Las Vegas.
June 08
12:04
2020
“During the month, we saw a gradual recovery of the demand from our customers in Europe and North America, but from low levels and to some extent slowed by inventory adjustments,” stated CEO Jörgen Rosengren.
June 04
12:17
2020
Company trims 400 sales staff, mostly in branch and onsite personnel.
June 02
13:09
2020
Founded in 1947 as Borstlap & Sons, Netherlands-based Fabory employs 1,100 to supply fasteners to more than 60,000 customers in EU markets.
June 02
12:46
2020
Founded in 1950, Everite provides electrochemical grinding technology to multiple industries, including the medical and aerospace markets.
June 02
12:45
2020
DB Roberts’ customer service and supply chain management provide technology for Tech-Etch’s electromechanical customer base.
June 02
12:36
2020
Headquartered in Brecksville, OH, EFG is a network of domestic specialty fastener manufacturers and metal finishers.
May 27
13:53
2020
“The recent outbreak of the coronavirus has severely impacted global consumption, trade and investment,” Taiwan's China Steel Corp. stated.
May 27
10:01
2020
The buyer is one of the largest raw material suppliers for fasteners in northern China.
May 26
14:14
2020
The South African International Trade Administration Commission initiated a safeguarding investigation against increased imports of hexagon head steel bolts (tariff code 73181543), Fastener + Fixing Magazine reports.
May 26
12:03
2020
He founded Darling Bolt in 1958 in Warren, MI. Upon selling it to a partner, he started Stanley Industries in 1967. Both businesses still exist today.
May 22
15:27
2020
Industrial Threaded Products CEO Garrett Futrell: “The joining of our two established organizations… will allow customers to experience the expansive benefits provided across both networks.”
May 19
01:00
2020
“Conditions remain very weak, but expectations for a gradual reopening of the economy have some participants leaning slightly more optimistic than previously,” R.W. Baird analyst David Manthey wrote.
