Global Fastener News

NEWS BRIEFS

John Hassall Machinery To Be Auctioned April 16

February 27
08:23 2020

Hassall is a 150-year manufacturer of rivets, pins, commercial and aerospace fasteners, and cold formed parts.

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TriMas Deal Boosts Blue-Chip Base

February 25
10:31 2020

TriMas has agreed to acquire the Rapak brand, including certain bag-in-box product lines and assets from Liqui-Box.

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Huyett Adds Roach & Bello As Sales Managers

February 25
10:03 2020

“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.

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EFC Int’l Relocating Chicago Office

February 16
21:26 2020
    EFC Int’l Relocating Chicago Office

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.

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Devadass New Smart Machinery CEO

February 10
18:12 2020

Smart of Italy acquired by National Machinery in 2015.

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Parker Fasteners Opens HQ

February 10
11:43 2020
    Parker Fasteners Opens HQ

The company purchased the 50,000 sq ft facility in April 2019 and renovated it to house more than 100 full-time staff.

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Bulten Reports Q4 Sales Gain

February 09
17:11 2020

“Despite continued cautious market, Bulten’s net sales and order bookings developed well during the fourth quarter," stated CEO Anders Nyström.

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Monster Bolts Expanding Product Lines

February 06
10:33 2020

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.

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Simpson Mfg. Sales & Profit Grow

February 05
11:43 2020

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.”

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Fastener Training Institute Lists 22 Sessions for 2020

February 04
10:45 2020
    Fastener Training Institute Lists 22 Sessions for 2020

FTI has a total of 22 training sessions scheduled for 2020, with many of them leading toward the Certified Fastener Specialist designation.

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NEFCO Corp. Opens Orlando Branch

February 03
19:05 2020

The branch is headed by sales manager George Johnson and Rob Reiner.

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CarTech Reports Sales & Profit Gains

February 02
22:16 2020

“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. 

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ITW Fastener Revenue & Profit Declines

January 31
13:56 2020

Overall ITW revenue dropped 3.1% to $3.47 billion, with organic revenue down 1.6% and operating margin at 23.7%.

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Grainger U.S. Sales Rise in 2019

January 29
22:37 2020

“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.

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Nucor Cold Finished Steel Sales Drop

January 28
12:03 2020

Fourth-quarter cold finished steel sales, including fasteners, fell 18%, while downstream steel product shipments to outside customers dropped 8%.

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Arconic Mulls Job Cuts From 737 MAX Grounding

January 27
16:47 2020
    Arconic Mulls Job Cuts From 737 MAX Grounding

Uncertainty over MAX production is the biggest challenge facing Arconic in 2020, prompting Arconic to consider staff cuts, extended vacations and shift pattern changes, CEO John Plant stated during an earnings conference call transcribed by SeekingAlpha.

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Mowins Becomes President of Vetted Tech

January 26
15:43 2020
    Mowins Becomes President of Vetted Tech

Mowins, who is Division II / Aerospace Products Division manager for the Industrial Fasteners Institute, has owned Vetted Tech since December 2019.

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43 Companies Involved in 2019 Fastener Acquisitions

January 24
20:42 2020
    43 Companies Involved in 2019 Fastener Acquisitions

FIN Subscribers may use the Search feature on GlobalFastenerNews.com to read more about any of the acquisitions.

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Optimas Solutions Names 3 Executives

January 21
11:14 2020

Marc Strandquist was named President of the Americas, Mike Tuffy was named President of International, and Kate Daly was named senior VP of Global Human Resources.

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Fastenal Co. Fastener Sales Up 1.8%

January 17
15:35 2020

Fastener sales grew 1.8% in the fourth quarter of 2019, compared to a 5.1% increase in sales of non-fastener products. Full-year fastener sales figures will be released in April when the company publishes its annual report.

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