Global Fastener News

NEWS BRIEFS

Leahy New VP of Construction Supply Group

March 28
10:26 2017
    Leahy New VP of Construction Supply Group

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.

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Reinhold Würth: “We Are Creating Jobs in the U.S.”

March 27
11:53 2017
    Reinhold Würth: “We Are Creating Jobs in the U.S.”

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.

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Bufab Reports Record Sales & Profit

March 24
00:01 2017
    Bufab Reports Record Sales & Profit

“…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.”

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Bulten Profits Rise Despite Sales Drop

March 24
00:00 2017
    Bulten Profits Rise Despite Sales Drop

“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.

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Fastener Fair Stuttgart Prepares To Open

March 23
01:31 2017
    Fastener Fair Stuttgart Prepares To Open

“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.

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Würth Launches B2B Online Procurement Platform

March 21
03:52 2017
    Würth Launches B2B Online Procurement Platform

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.

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Magyar Joins Smith Associates for Outside Sales

March 20
08:14 2017

Magyar has sales experience and a business administration education.

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Fabory Marks 70 Years in Business

March 17
00:02 2017
    Fabory Marks 70 Years in Business

Fabory’s acquisition by Grainger in 2011 opened a range of fastener products to Fabory customers, while the larger scale meant pricing improved.

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Chicago Rivet Reports “Very Positive” Results for 2016

March 16
21:29 2017
    Chicago Rivet Reports “Very Positive” Results for 2016

Fastener segment sales grew 0.16%, supported by modest growth in domestic automobile and light truck sales.

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Lawson Promotes Brown to Sales VP

March 15
11:44 2017
    Lawson Promotes Brown to Sales VP

MRO distributor marking 65th anniversary in 2017.

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Elgin Fastener Upgrades To New ISO Standard

March 14
00:06 2017
    Elgin Fastener Upgrades To New ISO Standard

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.

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OBITUARY: Rennie Wendell Johnson

March 14
00:00 2017

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.

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FDI Sees Strong Increase in February

March 10
02:41 2017
    FDI Sees Strong Increase in February

“Although not universal among respondents, most survey commentary was optimistic that market conditions could show improvement in 2017.”

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PennEngineering Marks 75 Years

March 09
14:55 2017
    PennEngineering Marks 75 Years

Danboro, PA-based PennEngineering develops and manufactures precision fasteners, components and installation systems.

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Growth in North America Boosts Bossard Results

March 09
14:39 2017
    Growth in North America Boosts Bossard Results

“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.”

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Advance Components Celebrates 45 Years

March 09
11:21 2017
    Advance Components Celebrates 45 Years

“We invite all of our customers to celebrate our anniversary with extra savings at the Advance online store,” says Advance president Gary Cravens.

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HEICO Acquires Aviation Interconnect Distributor

March 08
11:29 2017
    HEICO Acquires Aviation Interconnect Distributor

HEICO Corp. agreed to acquire 80.1% of the operating units of Air Cost Control (“A2C”).

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KLX Fastener Segment Sales & Profits Rise

March 07
14:05 2017
    KLX Fastener Segment Sales & Profits Rise

Gains were driven by the contribution of Herndon’s military aftermarket business and increased aircraft maintenance activity.

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Bulten Sets Up JV with Ramco in Ohio

March 07
10:17 2017
    Bulten Sets Up JV with Ramco in Ohio

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.

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Fastener Sales Rebound for Fastenal in February

March 06
12:43 2017
    Fastener Sales Rebound for Fastenal in February

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.

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