Leahy, who is the 2017 president of the Specialty Tools and Fasteners Distributors Association, is a 20 year veteran of Border Construction Specialties, where he served as COO.
NEWS BRIEFS
Speaking on a video for the 2017 joint meeting of the National Fastener Distributors Association and the Pacific-West Fastener Association, Würth reported U.S sales were up 16.8% for 2016 to US$1.7 billion.
“…our acquisition strategy is continuing to generate results,” stated CEO Jörgen Rosengren. “The acquired companies are developing well, work well with the other subsidiaries and made a strong contribution to Bufab's earnings trend and cash flow during the year.”
“Being a supplier to the automotive industry is challenging on many levels but we have managed to strengthen our customer relations by, among other things, supplying the best quality and service at the lowest possible cost,” stated CEO Tommy Andersson.
“With a total of 894 exhibitors from 46 countries, this year’s exhibition will be a record event both in terms of exhibitor numbers and exhibition space,” according to trade show management.
Wucato is an e-procurement solution and online procurement platform for the B2B sector, enabling customers to access more than 500,000 products from suppliers within the Würth Group.
Magyar has sales experience and a business administration education.
Fabory’s acquisition by Grainger in 2011 opened a range of fastener products to Fabory customers, while the larger scale meant pricing improved.
Fastener segment sales grew 0.16%, supported by modest growth in domestic automobile and light truck sales.
MRO distributor marking 65th anniversary in 2017.
Two of Elgin's facilities - Holbrook Manufacturing and Ohio Rod Products - completed the transition from ISO 9001:2008 certification to the newly-revised standard, ISO 9001:2015.
He and his wife, Doris Johnson, founded Vancouver Bolt & Supply Inc. in 1979. He started in the fastener industry in 1963 with Tacoma Screw Products, and was the 1996-97 president of the Western Association of Fastener Distributors.
“Although not universal among respondents, most survey commentary was optimistic that market conditions could show improvement in 2017.”
Danboro, PA-based PennEngineering develops and manufactures precision fasteners, components and installation systems.
“This lively growth is reflected in the intensified cooperation with the leading U.S. electric vehicle manufacturer whose production volumes exhibited a marked increase in the second half of the year.”
“We invite all of our customers to celebrate our anniversary with extra savings at the Advance online store,” says Advance president Gary Cravens.
HEICO Corp. agreed to acquire 80.1% of the operating units of Air Cost Control (“A2C”).
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.