“Steady demand levels for fastener products and improved production throughput” drive gains in sales and profit.
NEWS BRIEFS
July 31
16:44
2019
GlobalFastenerNews.com has reported on more than 15 acquisitions in recent months. With the U.S. economy still growing, more are sure to follow before the year is over.
July 30
18:46
2019
Fairmont Supply acquired Utah-based fastener distributor THB in 2018.
July 28
22:32
2019
“In the second quarter, we experienced a deceleration in demand across our portfolio relative to the demand levels we were seeing exiting the first quarter,” stated CEO E. Scott Santi.
July 25
18:08
2019
The average price improved 0.32% to $2.73 /kg, ChinaFastener.Info reports.
July 25
14:24
2019
The company said the site has improved functionality and enhanced content.
July 24
23:56
2019
“Despite slower than expected global economic growth and our significant investment in the endless assortment model, we drove strong operating results and cash flow,” stated CEO DG Macpherson.
July 23
22:27
2019
“Automotive and industrial market declines were partially offset by continued fastener penetration gains.”
July 23
22:27
2019
Alex Acosta will work closely with operations VP Michael Baughman, to manage all aspects of purchasing, quality control, facilities and distribution.
July 23
22:16
2019
Founded in 1967, Aerosmith specializes in hardened steel pin fasteners for construction, industry and specialty applications.
July 21
14:32
2019
CFO Michael Schneider will become interim CEO while the supervisory board searches for Kleinhens’ replacement.
July 17
23:49
2019
“We have seen a step-down in demand since April, while the pricing environment remains uncertain due to the overhang of tariffs and trade,” stated CEO Erik Gershwind.
July 17
14:19
2019
Facility includes offices, a design center, and an ISO Class 5 Clean Room.
July 15
23:53
2019
Earnest Machine will be recognized at an awards event in August and will be profiled in Crain’s Cleveland Business’ August 5th edition.
July 15
10:26
2019
Varela brings 29 years of management experience in QA and operations to her position, including most recently as quality manager for Arconic Global Fastening Systems & Rings.
July 14
23:06
2019
Exhibitors expressed mixed verdicts on the two recent fastener trade shows in Chicago and Detroit and the upcoming event in Las Vegas.
July 11
14:57
2019
“While we successfully raised prices as one element of our strategy to offset tariffs placed to date on products sourced from China, those increases were not sufficient to also counter general inflation in the marketplace.”
July 02
10:38
2019
Rebranding “reflects unified global brand architecture, aesthetic, and standards that convey precision and a focus on the future.”
June 28
17:25
2019
The facility provides additional space for logistics as well as office space for sales and administration, with 9,700 square meters (104,409 sq ft) of floor space.
