HEICO Corp. agreed to acquire 80.1% of the operating units of Air Cost Control (“A2C”).
NEWS BRIEFS
Gains were driven by the contribution of Herndon’s military aftermarket business and increased aircraft maintenance activity.
Bulten is entering the North American market and will produce it’s externally threaded fasteners in Ramco’s new 165,000 sq ft facility in Hudson, OH. The JV will operate as Ram-Bul.
Fastenal Co. reported fastener sales increased 1.5% in February, marking the company’s first uptick in fastener sales since the third quarter of 2015.
Apex became a licensee on February 20, 1967, when the two companies were known as Camcar Screw & Manufacturing Co. and Apex Machine & Tool.
Founded in 1948, Wrentham provides fastener tooling and gage technology.
Proferred products include hand tools, adhesives, cable ties, gloves, safety glasses and vests.
Results boosted by incremental sales related to the November 2015 acquisition of a machined components facility in Arizona.
Precision Threaded Products has manufactured aerospace fasteners since 1940.
LISI AEROSPACE division performed well in the "Fasteners in Europe" segment, with strong growth due to the implementation of new contracts.
“We are seeing evidence in our sales results that we are beginning to grow our way out of the previous downward cycle of the MRO marketplace. It appears the economic headwinds we have faced have begun to subside,” stated CEO Michael DeCata.
“Considering the sharp decline in the US commercial vehicle and agricultural machinery markets, we are satisfied with our results for fiscal year 2016,” stated CEO Werner Deggim.
Partnership will allow EMCO to supplement its wider range of industrial products with MCF's expertise in the specialty fastener industry.
The International Fastener Machinery & Suppliers Association meets in conjunction with Wire.
When he was with the multi-generation distributorship, Iowa Industrial Products, he was the 1999-2000 president of the National Fastener Distributors Association.
Leo Coar was a manufacturers rep in 1977 when he saw a need for a magazine serving the fastener distributors. He recruited his sister-in-law MaryAnn Marzocchi of Southern Screw and together they published Distributor’s Link.
"We advanced our position in technology for electric cars and hybrids," stated CEO Tommy Andersson.
The two regional associations meet together April 19-21, 2017, in New Orleans.
Results were “negatively impacted by foreign currency translation, temporary disruptions to certain customers’ consumption patterns due to operational changes and extended site closures, and late production schedule revisions made by a major commercial OE customer,” stated CEO Dave Castagnola.
Shafer: Business model expanded to provide access in China to U.S. mid-market manufacturers.