“Collectively, they have a decades long track record in this industry of taking care of customers, driving growth, and optimizing their organizations,” stated CEO Bill Niketas.
NEWS BRIEFS
This transaction, initially planned for the first quarter of 2021, makes LISI the sole owner of Termax.
There are 17 fastener manufacturers and seven drive tool manufacturers from eight countries: China, Germany, Japan, Malaysia, Mexico, Singapore, Spain, Taiwan and the U.S.
Early bird attendee registration for the 2020 International Fastener Expo is $50 until June 30.

Johnson of Birmingham Fastener Inc. succeeds Manny DeSantis of Valley Fastener Group.
Century Fasteners Corp. promoted longtime employee James Harding, who has over seventeen years of experience at the company.
MFDA VP and HoF chair Rob Rundle said “we are thrilled to be adding individuals who in one case was crucial to the growth of the association and its scholarship drive and another who has shown throughout his career what hard work and determination can do in this industry.”
“At the onset, a slight slowing was experienced until companies could get their bearings and analyze their needs and abilities to order,” JoAnn Whetsell said.

Alliance to expand zinc flake coating capabilities through state-of-the-art equipment and processes.
The city of Las Vegas began a staggered reopening June 4, with show host hotel Mandalay Bay scheduled to reopen July 1.
The summit was developed after the NFDA’s meeting in Minneapolis was cancelled due to COVID-19.
Aerospace fastener and components manufacturer Shimtech Industries was renamed Avantus Aerospace by owners Inflexion Private Equity and Auctus Industries.

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.
Fastener Fair USA surveying trade show participants with questions about viability of virtual options.
“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.
$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.
“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.
Instructors will be IFI technical director Dr. Salim Brahimi; IFI director of training Laurence Claus; and Carmen Vertullo of Aim Testing Laboratories.
The International Fastener Expo is scheduled September 28-30, 2020, at Mandalay Bay in Las Vegas.
“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.