Fastenal’s daily fastener sales grow 11% in H1 2018
US fastener giant Fastenal saw sales rise 13.1% to $1,267.9 million in Q2 2018, with profit up 10.6% to $617.7 million, compared like-for-like with Q2 2017. Fastener products represented 35.4% of sales in the second quarter of 2018. Daily sales of fastener products grew 11.1%. Industrial vending and Onsite locations were growth drivers, as were […]
Tools and joinery product sales grow for merchants in Q1 2018
Tools, timber & joinery products and ironmongery all saw sales growth in Q1 2018, according to the latest quarterly statistics from the Builders Merchant Building Index (BMBI). The numbers, put together by GfK, the Builders Merchant Federation (BMF) and MRA Marketing, cover ‘Generalist Builders Merchants’ and revealed that workwear fell slightly on last year. Tools […]
Hall-Fast sees summer sales surge with 76% boost
Anglia Way-based Hall-Fast is celebrating a surge in sales both in the UK and in overseas markets with the award-winning company enjoying its best ever June with sales a massive 76% up on the previous year. Owner Malcolm Hall said the firm’s huge investment in a new website with an integrated ERP solution was the foundation […]
Fastening power tools market will be worth $4.1 billion by 2026
Increased investment in housing, growing automotive production and sales, plus worker safety regulations are helping drive the international fastener power tools market, according to a new report from Persistence Marketing. The research found that the sector – worth US$ 2.4 billion in 2017 – is expected to record a CAGR of 6.9% over 2018-2026 to […]
SFS grows stake in HECO to 51%
SFS, owner of Gesipa, is deepening its strategic partnership with HECO by raising its interest in the German company to 51%. SFS has worked with HECO – a leading manufacturer of fastening solutions for structural timberwork – since August 2015, when SFS acquired a minority interest of 30% in HECO (Ludwig Hettich GmbH & Co. KG). […]
Power tools market expands to $27.11 billion
According to HNY Research, the power tools market is set to reach US $35.64 billion by 2023. The size of the market reached US $27.11 billion in 2017, and the sector will see an estimated CAGR (compound annual growth rate) of 4.66% over the next five years. HNY Research’s report puts the predicted expansion down […]
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, […]
Bulten grows in Q1 & hails fastener growth prospects from electric cars
Sweden-headquartered Bulten has recorded a positive Q1, with net sales up 9.6% on the same period last year, reaching SEK 853 (778) million. Order bookings amounted to SEK 779 (720) million, an increase of 8.2% on the same period last year. Earnings after tax amounted to SEK 48 (51) million. Operating earnings (EBIT) totaled SEK 67 (63) […]
Solid 2018 start for Travis Perkins despite weather disruption
Regardless of the impact of poor weather, the ‘Beast from the East‘ and having fewer trading days thanks to an Early Easter, Travis Perkins (TP) delivered a solid Q1. Like-for-like sales growth reached 3.0%, with total sales growth of 2.4%. TP saw a particularly strong performance in Plumbing & Heating (like-for-like sales growth of 19.7%) […]
Taiwan International Fastener Show reaches new highs in 2018
The 2018 Taiwan International Fastener Show, which ran 10-12 April, broke its own records, with the most exhibitors and booths recorded at the Kaohsiung Exhibition Centre since it was founded. This year’s show saw 415 exhibitors (2016: 402) and over 1,107 booths (2016: 1,002). According to the official statistics, 2,193 international buyers (2016: 2,000) from 73 […]