Global Fastener News

NEWS BRIEFS

Fastener Testing Webinar June 30

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.

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MGM Reopens Excalibur; Mandalay Bay This Summer

June 08
20:34 2020

The International Fastener Expo is scheduled September 28-30, 2020, at Mandalay Bay in Las Vegas.

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Bufab Sales Down 10% In May

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. 

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Fastenal Fastener Sales Continue Decline

June 04
12:17 2020

Company trims 400 sales staff, mostly in branch and onsite personnel.

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Grainger Selling Fabory to Dutch Firm

June 02
13:09 2020
    Grainger Selling Fabory to Dutch Firm

Founded in 1947 as Borstlap & Sons, Netherlands-based Fabory employs 1,100 to supply fasteners to more than 60,000 customers in EU markets.

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Glebar Acquires Everite Machine Products

June 02
12:46 2020
    Glebar Acquires Everite Machine Products

Founded in 1950, Everite provides electrochemical grinding technology to multiple industries, including the medical and aerospace markets.

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DB Roberts Partners With Tech-Etch

June 02
12:45 2020

DB Roberts’ customer service and supply chain management provide technology for Tech-Etch’s electromechanical customer base.

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EFG Hires Nelson As Sales Engineer

June 02
12:36 2020
    EFG Hires Nelson As Sales Engineer

Headquartered in Brecksville, OH, EFG is a network of domestic specialty fastener manufacturers and metal finishers.

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China Steel Cuts Wire Rod Prices

May 27
13:53 2020
    China Steel Cuts Wire Rod Prices

“The recent outbreak of the coronavirus has severely impacted global consumption, trade and investment,” Taiwan's China Steel Corp. stated. 

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Primetals Sells 3 Wire Rod Mills

May 27
10:01 2020
    Primetals Sells 3 Wire Rod Mills

The buyer is one of the largest raw material suppliers for fasteners in northern China.

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South Africa Initiates Investigation On Hex Bolts

May 26
14:14 2020
    South Africa Initiates Investigation On Hex Bolts

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.

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OBITUARY: Watson Woodrow Stanley

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.

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ITP Buys Construction Tool & Threading

May 22
15:27 2020
    ITP Buys Construction Tool & Threading

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.”

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FDI Falls To Record Low In April

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.

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Chicago Tabletop Cancelled for 2020

May 16
19:22 2020

“To be sure we provide quality events, we will put these events on hold until 2021 when we are able to meet safely.”

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Vertex Distribution Parent Co. Sales Drop

May 12
12:45 2020

Vertex Distribution parent company Houston Wire & Cable Co. reported sales, including fasteners, dropped 2% in the first quarter.

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Chicago Rivet Fastener Sales Decline 11%

May 11
12:30 2020

Results “due to reduced demand for fastener segment parts, especially from automotive customers as the impact of the coronavirus pandemic (“COVID-19”) took hold.”

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9 Companies Receive 2020 Innovation Awards

May 11
05:51 2020

The awards are presented annually to recognize those individuals and companies with specific innovative fasteners.

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Fastener Fair USA Postponed Until 2021

May 08
14:25 2020
    Fastener Fair USA Postponed Until 2021

The 3rd Fastener Fair USA is now slated for March 23-25, 2021, at the Huntington Convention Center in Cleveland, OH, returning to the city where the inaugural event was held in 2018.

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Fastenal Fastener Sales Drop 22.5%

May 07
19:40 2020

Overall sales rose 6.7% to $491.5 million in April, while daily sales totaled $22.3 million during the month.

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