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