“Increased demand more than offset the impact of the decision to exit less profitable machined components.”
NEWS BRIEFS
October 30
12:32
2018
Organic revenue was up 6%, driven by volume growth in aerospace engines and defense.
October 29
11:19
2018
“We are satisfied with the quarter and optimistic about the rest of the year,” stated CEO Jörgen Rosengren.
October 25
13:17
2018
“As we shift to 2019, we are now preparing for the carry over effect of the 2018 headwinds,” stated CFO Donald Allan Jr. “We will continue to pass on these input cost increases to our customers as price increases. Additionally, we are taking actions to adjust our supply chain and cost structure.”
October 24
16:26
2018
ITW's Construction Products segment reported sales and profit gains, while Automotive OEM saw sales decline.
October 23
12:07
2018
Aerospace fastener and construction products manufacturer Arconic is considering an $11 billion takeover offer from Apollo Global Management, Reuters reports. The deal values Arconic, which includes Alcoa’s former $1.8 billion Fastening Systems and Rings business, at $23 - $24 per share.
October 22
12:21
2018
12,000 square-foot facility, located in the Port Kells industrial area of Surrey, stocks industrial products including fasteners, power and hand tools, abrasives and safety products.
October 21
14:27
2018
The next Fastener Fair Italy will be November 11-12, 2020, at Fiera Milano City.
October 09
15:09
2018
The Kanebridge executive said he decided to join a group of people with Covenant House “in an attempt to experience what many of our homeless youths experience every night, 12 months a year.”
October 09
13:27
2018
Norm Fasteners, which supplies fasteners for Tesla’s new Model 3 as well as parts for John Deere, will open a distribution center in Lansing that will create between 15 to 20 jobs, according to the Lansing State Journal.
October 07
23:27
2018
Michigan-based distributor with seven locations now led by Somers brothers.
October 03
11:34
2018
Decorah, IA, plant expansion reportedly will increase the size of the building by 9% for product inventory.
October 01
14:18
2018
Founded in 1979 by Ron Futrell, son Garrett Futrell took full ownership of Industrial Threaded Products this year.
September 26
10:52
2018
Dan Hill will succeed Marc Strandquist on October 1st.
September 25
12:08
2018
“We need to strengthen our gross margin through further price increases,” noted CEO Jörgen Rosengren.
September 20
06:22
2018
Since Martin “Marty” Binder opened the doors on September 21, 1948, Abbott has secured over 25 patents – though the company is best known for yellow nylon insert locknuts.
September 19
13:10
2018
Würth Des Moines Bolt (DMB) opened a regional distribution center in Kansas City, MO, to expand its industrial fastener division.
September 18
11:58
2018
Proferred tool engineers worked with the Brighton-Best Taiwan factory to design Drywallerz screws for tighter drive tolerance and sharp points for less wobble and faster installation.
September 16
23:55
2018
Delawder: "The automotive lightweighting initiative has pushed the fastener industry to produce smaller, higher strength fasteners."
September 16
13:20
2018
Lawson initially received ISO certification in 2010 and has been audited and registered since 1996.
