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Global Fastener News

NEWS BRIEFS

Quality, Email Productivity Among Topics For NEFDA / NFDA Joint Meeting

April 19
10:40 2017
    Quality, Email Productivity Among Topics For NEFDA / NFDA Joint Meeting

The National Fastener Distributors Association and New England Fastener Distributors Association will meet June 20-21 in Boston, following NEFDA table top meeting on June 19.

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Grainger Results Hampered By Pricing “Realignment”

April 18
12:21 2017
    Grainger Results Hampered By Pricing “Realignment”

Company accelerating lower pricing structure "to accelerate growth with existing customers and attract new customers sooner than planned."

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KLX Inc. Increases Guidance for Q1

April 18
03:46 2017
    KLX Inc. Increases Guidance for Q1

New financial guidance predicts an additional 2% revenue increase and an additional 3.5% increase in adjusted net earnings and adjusted net earnings per diluted share.

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WINA Names Three to New Positions

April 14
00:01 2017
    WINA Names Three to New Positions

WINA is a part of the Würth Group, a global supplier of 100,000 assembly and fastening materials, chemical products and personal protective equipment with more than EUR 11.8 billion in sales for 2016.

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Southern Fasteners Cold Headers to Be Auctioned

April 13
14:53 2017
    Southern Fasteners Cold Headers to Be Auctioned

The Hilco Industrial April 20-26, 2017, auction is due to the closure of the Southern Fasteners plant in Mississippi.

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Seat Belt Fastener Manufacturer Diversifying

April 13
14:51 2017
    Seat Belt Fastener Manufacturer Diversifying

Added capacity in China and Vietnam is expected to boost automotive component sales to 20% of overall revenue within three years.

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Fastenal CEO “Very Pleased” with Fastener Sales Trend

April 12
22:44 2017
    Fastenal CEO “Very Pleased” with Fastener Sales Trend

Quarterly results were improved by a 1.5% gain in fastener sales in February, marking the company’s first uptick in fastener sales since the third quarter of 2015.

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Bossard Reports “Strong Growth” in Q1

April 11
16:04 2017
    Bossard Reports “Strong Growth” in Q1

“Cooperation with the largest U.S. electric vehicle manufacturer (Tesla Motors), which is continually increasing its production volumes, is reflected in the substantially higher sales.”

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Tioaga Acquires Metaltek’s Mackson Fastener Division

April 11
03:19 2017
    Tioaga Acquires Metaltek’s Mackson Fastener Division

“Mackson brings to Tioga an impeccable reputation for high quality and excellent service in the supply of fasteners and critical components to the Nuclear Power industry,” stated Mackson Nuclear president Andrew Keiser.

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STAFDA Congressional Fly-In June 7-8

April 10
03:16 2017
    STAFDA Congressional Fly-In June 7-8

The Specialty Tools & Fasteners Distributors Association members will meet with at least three members of Congress during the 5th annual events in Washington, DC.

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MSC Industrial Reports Rising Sales

April 06
16:11 2017
    MSC Industrial Reports Rising Sales

“Most of our customers continue to express an improving outlook, particularly those in our core metalworking market,” stated CEO Erik Gershwind.

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NFDA Honors Gilchrist With Award

April 06
15:29 2017
    NFDA Honors Gilchrist With Award

NFDA vice president Kevin Miller of Bamal Corp. said there were numerous potential honorees who fit the criteria, but “one name shot quickly to the top of the list who embodies the true spirit of this award.”

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SouthernCarlson Acquires Fastener Distributor

April 06
00:03 2017
    SouthernCarlson Acquires Fastener Distributor

SouthernCarlson acquired Sacramento, CA-based River City Building Supply, Inc., expanding the organization’s Northern California footprint and service capabilities.

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Audax Acquires Two Aviation Fastener Distributors

April 05
15:49 2017
    Audax Acquires Two Aviation Fastener Distributors

Marina del Rey, CA-based FDH distributes aerospace fasteners and other c-class components to commercial and defense aircraft manufacturers, subcontractors, and component distributors through its Arlington International Aviation Products (AIAP) and Aircraft Fasteners International (AFI) divisions.

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Controx Adds Industry Veteran Todd Hammer as Key Account Manager

March 30
10:24 2017
    Controx Adds Industry Veteran Todd Hammer as Key Account Manager

Controx provides circular blades, cutting tools and special tooling for machining fasteners and other products.

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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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