ITW's Construction Products segment reported sales and profit gains, while Automotive OEM saw sales decline.
NEWS BRIEFS
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.
September 11
13:25
2018
EFC has five U.S. facilities plus locations in Germany, Mexico, Korea and China.
September 10
13:25
2018
By end market, sales to manufacturing customers rose 13.3%, while sales to non-residential construction customers climbed 18.5% in August.
September 10
07:31
2018
Global materials supplier Thyssenkrupp has 480 locations in 40 countries.
September 06
12:46
2018
The early bird rate for the 2018 International Fastener Expo in Las Vegas is $50. Then advance registration is $65 and onsite $75. IFE events are October 30 – November 1 at the Mandalay Bay Convention Center.
