Sales in North America grew 10% to $742 million in 2016, mostly due to increased unit sales volumes on improved economic activity as well as a slight increase in average net sales unit prices.
NEWS BRIEFS
February 06
11:10
2017
Overall January sales increased 9% to $336 million, with daily sales up 3.8% to $16 million.
February 03
01:22
2017
The European Commission confirmed the expiration of two regulations applying antidumping tariffs to certain stainless steel fasteners originating in China, Taiwan and the Philippines, Fastener + Fixing Magazine reports.
February 03
00:01
2017
Current CFO Thomas Ekström, who began working for Bufab in 1999 and has been CFO since 2005, has decided to leave by the end of July.
February 02
13:13
2017
Beacon's Dorsey cites Van Hoozer’s 44 years of fastener experience.
February 01
18:26
2017
Arconic includes Alcoa’s former $1.8 billion Fastening Systems and Rings business.
January 31
15:05
2017
Nucor Corp. reported Cold Finished Steel segment sales, including results from Nucor Fastener, increased 3% to 98,000 tons in the fourth quarter of 2016. But results for the year were not so positive.
January 30
16:50
2017
Former sales director Rick Frank was promoted to Managing Director for the Brooklyn Park, MN, facility.
January 27
00:24
2017
“Engineered Fastening's organic revenues declined 2%, as solid growth within the global automotive business was more than offset by weaker electronics volumes attributable to a major customer.”
January 27
00:24
2017
Knapp was founded by president James Knapp and vice president Jennifer Knapp as 24-year-old business graduates.
January 26
00:04
2017
"In 2016 we faced a challenging demand environment compounded by a lack of inflation, which put pressure on revenue and gross margins,” stated CEO DG Macpherson.
January 26
00:04
2017
Continental Midland became a licensee in 1966 when the two companies were known as Camcar Screw & Manufacturing Co. and Continental Screw Co.
January 25
17:47
2017
Results boosted by the $450 million acquisition of the global automotive Engineered Fasteners and Components business of ZF TRW.
January 25
15:09
2017
Founded in 1968, Semblex supplies fasteners to automotive, consumer electronics, farm equipment, heavy truck, lawn & garden, motorcycle and power sports markets.
January 23
16:44
2017
Auction in Rockford, IL, and online includes “hard-to-find heading and threading equipment – especially large diameter.”
January 19
00:12
2017
Daily sales growth of the fastener product line peaked at over 10% in the second half of 2014. The rate of growth decelerated in the first quarter of 2015, began contracting in the third quarter of 2015, and continued to contract throughout 2016.
January 19
00:03
2017
Isola brings 30 years experience to Arlington Plating.
January 19
00:01
2017
The University of Innovative Distribution will be March 5-8, 2017, in Indianapolis.
January 17
00:31
2017
Ratcliffe started his career with Rexnord/Fairchild Specialty Fasteners Div.
January 13
00:09
2017
“As we moved into December, the start of our fiscal second quarter, we saw growth in sales, as well as improvement across all of our customer types," stated CEO Erik Gershwind.
