Brea, CA-based CAM, which manufactures aerospace fasteners and other components, was launched by Tinicum in 2012 as a holding company for several manufacturing firms active in aerospace component sector.
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The company said “fastener share gains were offset by inventory reductions and lower production levels within automotive and industrial customers.”
“For the year, our auto fastener growth was 6%, over 600 basis points ahead of global production,” stated CFO Donald Allan.
“As we shift to 2019, we are now preparing for the carry over effect of the 2018 headwinds,” stated CFO Donald Allan Jr. “We will continue to pass on these input cost increases to our customers as price increases. Additionally, we are taking actions to adjust our supply chain and cost structure.”
“Automotive fastener penetration gains were offset by the anticipated impact from lower automotive system shipments and lower volumes within electronics.”
Elyria, OH-based Nelson Fastener Systems manufactures fasteners for the aerospace, automotive, construction, energy, industrial, marine and military markets.
Elyria, OH-based Nelson Fastener Systems manufactures fasteners for the aerospace, automotive, construction, energy, industrial, marine and military markets.
"Industrial organic growth of 8% reflects Engineered Fastening's continued expansion in the automotive and industrial markets," stated CEO James Loree.
“Strong automotive system shipments supporting new customer platforms and volume growth within general industrial markets more than offset declines within electronics.”