Dale MacLean became Tree Island CEO in July 2011 and held the position for eight years and five months, according to his LinkedIn account.
NEWS BRIEFS
Sales hurt by “particularly weak” sales to automotive customers “due to the global economic slowdown impacting many foreign countries.”
More tariffs could be coming: The October 5% increase is ‘still pending’ and December could bring determination on threaded rod and stud tariffs.
“Sales trends were slightly improved on an unadjusted basis, but the seasonal-adjustment factor drove the sales index down (month-to-month),” according to R.W. Baird analyst David Manthey.
1Shot, Böllhoff, Bryce, Grabber, ITW, MaThread, Penn Engineering, Simpson Strong-Tie and Stanley Engineered Fastening were honored with the 2019 Fastener Innovation Award.
Optimas Solutions credited outgoing CEO Anesa Chaibi with leading “significant change throughout the company and created a strong culture of mutual respect, collaboration and innovation with employees, customers and our supply partners.”
Sales in North America rose 10.7% due to “increased sales volume and higher average product prices.”
MSC Industry Supply Co. reported sales, including fasteners, rose 0.6% to $842.7 million in the fiscal 2019 fourth quarter ended September 1.
“While the demand environment continued to moderate across a broad cross section of our portfolio, we delivered another solid quarter with excellent operational execution,” stated CEO E. Scott Santi.
Highly respected in the fastener industry, Greenslade began his 45-year fastener career in 1970 working for various fastener manufacturers before founding dimensional measuring devices manufacturer Greenslade and Co. in 1978. He sold the company in 2007 and began working as technical director for the Industrial Fasteners Institute, a position he called his “dream job.”
The company said “fastener share gains were offset by inventory reductions and lower production levels within automotive and industrial customers.”
”With China now taking the essential steps needed to master its pollution crisis, our technical expertise will be a tremendous help for China in accelerating its ongoing progress."
Founded in 1948, Earnest Machine is a global importer, distributor and manufacturer of large diameter and hard-to-find fasteners.
Nucor Corp. reported cold finished steel sales, including results from Nucor Fastener, fell 18% to 116,000 tons in the third quarter of 2019.
Sherex Fastening Solutions LLC named G.L. Huyett a master distributor of Sherex Blind Rivet Nut Inserts and Rivet Nut Installation tools to “enrich the supply chain of the OEM fastener distribution market.”
Award given by the Wisconsin Department of Workforce Development for recruiting and hiring people with disabilities.
Weld nuts manufacturer plans to establish plants in Rende and Yongkang districts of Tainan, Taiwan, Fastener World reports.
“The general slowing in economic activity that we experienced in the second quarter of 2019 continued in the third quarter of 2019,” the company stated.
“The effects of the trade dispute between the USA and China are becoming increasingly tangible in Asia,” the company stated.
Kanebridge executive volunteering for Covenant House – which has assisted 4,000 youths into ‘stable housing’ and 1,600 into getting jobs.