Nord-Lock acquires Spanish distributor IDQ
Nord-Lock has strengthened its position in the Spanish market with the acquisition of IDQ Investigación Diseno y Calidad, S.A.U. IDQ has a turnover of SEK 17 million (€1.6 million) and seven employees in 2017. Established in 1997, IDQ has represented Nord-Lock for a number of years. Nord-Lock Group has signed a deal to acquire all shares […]
SFS Distribution & Logistics head to retire after a half century
SFS’ current Head of Central Logistics Iso Raunjak is taking over from Josef Zünd as Head of the Distribution & Logistics segment on 1 January 2020. After 49 successful years at SFS, Josef Zünd goes into retirement in March 2020. Raunjak was chosen to succeed Zünd now in the interests of early planning and continuity. With Iso Raunjak, […]
Fastener Distribution: Fundamental changes in 25 years
Increasingly complex global supply chains, vendor managed inventory, quality and knowledge… the fastener distribution game has transformed over quarter of a century. Dr Volker Lederer, president of the European Fastener Distributor Association (EFDA) and owner and Managing Director of Lederer provides his view… This fastener distribution business has changed fundamentally in the past 25 years. I want to clarify: • […]
SIG sells fastener & fixing distributor VJ Technology for £30 million
European supplier of specialist building product SIG plc has agreed to sell VJ Technology (VJT) to Primary Capital, a UK private equity investment firm, following a competitive disposal process. VJT is a UK distributor of technical fixings, fasteners and consumables to the infrastructure, commercial and wider construction industry, and part of SIG Distribution. The sale comes […]
REYHER has kanban in its sights with new pistol grip scanner
REYHER has launched a new mobile data acquisition terminal for capturing kanban orders. Thanks to the Android operating system and high-resolution 5” display, the ROM – REYHER Order Management barcode scanner is a more convenient and efficient tool for C-part management. With the handheld scanner, ROM users can work ergonomically in different positions. The Android-based […]
Hayley Group reaches £123m turnover
Hayley Group recorded £122.5m turnover in 2017, with pre-tax profits up from £4.8n to 36.6m (reports Insider Media). The turnover number represented a 6% rise from 2016 (£115m), when stockholding was in excess of £27m – 40% of which was held in Halesowen and then rest at regional branches nationwide. Hayley Group services the trade, […]
Master Abrasives adds measuring equipment to range
A new range of measuring equipment by Innovative Automation Products is now available in the UK and Ireland from Midlands-based Master Abrasives. The Innovative product range of equipment for the grinding process includes optical, air, co-ordinate and other areas of metrology. A selection of tools will be available for demonstration at the Master grinding and […]
DISTRIBUTION FOCUS: WASI – ‘We want to be market leader’
Just days after WASI moved into its brand new offices, Torque Magazine came calling for a tour and chat with Managing Director Karlheinz Schreiber… You would naturally expect a significant fastener distributor to be a bustling hive of activity, but in recent months WASI (Wagener & Simon WASI GmbH & Co. KG) has been particularly busy, shifting not only […]
Challenge Europe secures Hafren fasteners in portfolio
Challenge Europe has brought the Hafren range of security fasteners into its portfolio. Hafren’s range includes anti-vandal, anti-tamper screws and nuts proven in applications from architectural and street furniture, to marine and industrial equipment. 2 hole headed (otherwise known as pignose or snake eye) A2 stainless screws, bolts and self-tappers provide a versatile and clean look to installations […]
DISTRIBUTION: Reyher on the latest developments in Kanban
With its vast experience in the sector, REYHER is ideally placed to design a Kanban container. Here, the super distributor runs through the benefits of ROM | LTB with Torque Magazine… Years of practical experience have been put into the design of the new ROM | LTB container – a concept developed by REYHER in cooperation with […]