TR Fastenings launches Tech & Innovation Centre in Gothenburg automotive hub
TR Fastenings (TR) has opened a new Technical and Innovation Centre in Gothenburg, in the Lindhoven Science Park – a hub for automotive innovation. The site will allow TR to achieve two main objectives: to form and enhance working relationships with key customers in the region, and to provide a showroom-style location where customers can […]
Swedish fastener firm ESSVE to make Cologne Hardware Fair debut
Nordic fastener firm ESSVE is launching its ESSBOX System globally at Cologne’s International Hardware Fair in March 2018. The nearly 50-year history of ESSVE includes a number of innovative products that have been used by hundreds of thousands of craftsmen in the Nordics. The ESSBOX System, launched five years ago, has been key to the […]
Bufab brings in new CFO
Marcus Andersson has been appointed Chief Financial Officer for Bufab Group, with effect from 1 November 2017. Andersson has worked with Bufab since 2014, when he joined as a Financial Manager in Bufab’s largest subsidiary. He then moved to financial control of Bufab’s Sweden segment. Andersson is an Authorised Public Accountant and has a degree […]
BUFAB grows global market share despite weaker margins
Net sales rose in Q2 and across the first half of 2017 for BUFAB. In Q2, the same period that saw the acquisition of Southampton’s Thunderbolts, BUFAB saw organic growth at 3%, with net sales up 8% to SEK 823m. Order intake grew 13%. However operating profit declined 13% to SEK 77m with operating margin […]
Hultafors Group strengthens workwear business & buys protective wear brand Puvab AB
Hultafors Group – owner of Snickers Workwear, Solid Gear, Toe Guard, Dunderdon and Wibe Ladders – has acquired Swedish protective wear business Puvab AB from Vestitus Holding AB. The acquisition strengthens Hultafors Group’s protective wear presence in the workwear business. Established in Borås in 1989, Puvab specialises in protective wear for the energy and utility business, […]
2016 was Bufab’s best year yet
Bufab has seen healthy growth and improved operating margin, according to its year-end report 2016, making it Bufab’s best year to date. The 12 month period, which also saw the group acquire UK-based Montrose Holdings, saw net sales rise 16% to SEK 2,847 million (2,458), with organic growth at 4%. Order intake exceeded net sales […]
Gunnebo Fastening Systems AB acquired by Simpson
Construction connector manufacturer Simpson Strong-Tie has acquired Sweden-headquartered Gunnebo Fastening Systems AB. The move brings a complete line of CE-marked structural fasteners and unique fastener dimensioning software for timber applications into Simpson Strong-Tie’s comprehensive construction products line-up. Headquartered in Gunnebo, Sweden, the company employs 222 people in Sweden, Poland, Norway and Romania. Sales are focused […]
Bufab buys fastener supplier Montrose Holdings
High Wycombe and Bedford-based Montrose Holdings has been acquired by Bufab. Montrose is a privately owned company supplying fasteners, other C-class components and associated services to industrial customers mainly located in the UK. Montrose was founded in 1991 and has since enjoyed stable and profitable growth. Now with 45 employees, Montrose provides fasteners and special components […]
Swedish politicians pay a visit to Nord-Lock Group headquarters
This week, the Speaker and key members of the Swedish Parliament visited the Nord-Lock wedge-locking technology factory. The visit, including a large delegation of national and regional politicians, was in recognition of Nord-Lock Group’s global expansion and its engineering achievements. The Nord-Lock Group originated in Sweden and is today a global group with four main business areas, […]