Infast Fastener Profit Rises
March 31
00:00
2005
Infast Fastener Profit Rises
Jason Sandefur
Fastener distributor Infast announced sales of �157.1 million (US$297 million) during 2004, while operating profits rose 9.4% to �3.5 million.
UK-based Infast also reported a $3 million reduction in restructuring costs related to the sale of its manufacturing operations. In February Infast sold its fastener plant, Infast Philidas Ltd., for an estimated $1.3 million. Philidas produces about 110 million fasteners annually for such blue chip customers as Ford, BMW, Jaguar and Bosch. Web: infast.com �2005 FastenerNews.com
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