NFDA & Pac-West add panel to joint meeting to update members on status of imported fasteners from China.
NEWS BRIEFS
“When you think of the process broadly as just one of many permanent mechanical fastening methods, you’ll find that the innovation abounds,” Orbitform sales VP Bryan Wright writes.
Kawasaki speaks about entrepreneurship, venture capital, marketing and business evangelism.
Founded in 1993, Florham Park, NJ-based Electro Hardware distributes fasteners, electronic hardware, fasteners and other products.
During the year, TriMas sold its fastener and sealing Lamons business for $135 million, reducing the company’s exposure to the oil and gas market.
Hassall is a 150-year manufacturer of rivets, pins, commercial and aerospace fasteners, and cold formed parts.
TriMas has agreed to acquire the Rapak brand, including certain bag-in-box product lines and assets from Liqui-Box.
“With the addition of Andy Roach and Tom Bello, our sales team possesses over 100 years' experience with non-threaded and engineered fasteners,” sales VP Dan Harriger noted.
EFC International signed a warehouse lease to increase space in a relocation of its Chicago office from approximately 34,000 square feet in nearby Bloomingdale, IL, to a 63,318 sq ft facility in nearby Hanover Park, the Chicago Daily Herald reports.
Smart of Italy acquired by National Machinery in 2015.
The company purchased the 50,000 sq ft facility in April 2019 and renovated it to house more than 100 full-time staff.
“Despite continued cautious market, Bulten’s net sales and order bookings developed well during the fourth quarter," stated CEO Anders Nyström.
Monster Bolts is a Florida-based global online fastener distributor of U.S. and metric screws, nuts and washers to the chemical, automotive, military, construction, communication, electric and other industries.
During 2019, consolidated net sales in North America rose 6.8% to $972.8 million “primarily due to increases in both sales volumes and average unit prices.”
FTI has a total of 22 training sessions scheduled for 2020, with many of them leading toward the Certified Fastener Specialist designation.
The branch is headed by sales manager George Johnson and Rob Reiner.
“We generated double-digit year-over-year revenue growth in the Aerospace and Defense end-use market as our leading solutions, sub-market diversity and participation on practically all major industry platforms continue to drive strong performance,” stated CEO Tony Thene.
Overall ITW revenue dropped 3.1% to $3.47 billion, with organic revenue down 1.6% and operating margin at 23.7%.
“Our sales growth in the U.S. outperformed the market throughout the year, and our share gain accelerated in the fourth quarter, as our growth initiatives began to take hold,” stated CEO DG Macpherson.
Fourth-quarter cold finished steel sales, including fasteners, fell 18%, while downstream steel product shipments to outside customers dropped 8%.