SFS strengthens construction industry presence with Triangle Fasteners acquisition
SFS Group has entered an agreement to buy Triangle Fastener Corporation (TFC), headquartered in Pittsburgh, USA. Talks opened last year between SFS and TFC, which provides fasteners and other products for the commercial construction industry. In 2018, TFC produced sales of over $70 million in 2018, with approximately 200 employees. The move will give SFS […]
PPG to acquire US coating firm Whitford
Whitford Worldwide Company (Whitford), a global manufacturer that specialises in low-friction and nonstick coatings for industrial applications and consumer products, is to be acquired by PPG Industries, Inc. The sales is being advised by Harris Williams, a middle market investment bank, led by Patrick McNulty, John Lautemann, Ty Denoncourt and Jeff Mullen of Harris Williams’ Industrials Group. The transaction is subject […]
Is Huyett the first US fastener business to secure exemption from Section 232 tariffs?
Minneapolis fastener and hardware firm GL Huyett has received 48 Section 232 Tariff Exclusions for stainless steel bar product and has speculated it may be the first US fastener company to do so. In March, the President of the United States issued Proclamations 9704 and 9705 on Adjusting Imports of Steel and Aluminum into the United […]
STANLEY goes exclusive with Home Depot while Q3 Fastening revenues grow modestly
Home Depot, the world’s largest home improvement retailer, has signed a deal with STANLEY to becomes its exclusive home improvement retailer for hand tools and storage products, starting 2019. Home Depot has also secured exclusivity with tape measure brand STANLEY FATMAX. Previously, the US-based retailer gained sole retail of DEWALT FLEXVOLT cordless tools and DEWALT […]
Klein Tools buys work wear brand Ergodyne
Klein Tools, Inc and Tenacious Holdings, Inc (the parent company of Ergodyne) have announced that Klein Tools has acquired Ergodyne. Ergodyne will be operated as a separate business unit in St. Paul, Minnesota, at its current HQ. Tom Votel will remain President and continue to lead the Ergodyne team. Klein Tools, a sixth-generation, family-owned company […]
Phoenix Trade Show stand sales are rising for STAFDA
Space for STAFDA’s 2018 Phoenix-set Convention & Trade Show is filling fast, with only 20 inline booths remaining and more 50×50 islands sold than at last years’ strong show in Austin. Running over 28-30 October, the show has room to expand further thanks to another exhibition hall on hold. STAFDA’s five host hotels were sold out […]
Sales rise $33m in Q2 for Norbar, BAHCO and Lindström owner Snap-on
Kenosha, Wisconsin headquartered Snap-on Incorporated saw sales rise in Q2 2018, bolstered by new product launches and ‘industry tailwinds’. Net sales of $954.6 million increased 3.6% or $33.2 million from 2017 levels. That $33.2 million included $12.1 million organic sales gain (1.3%), $8.1 million acquisition-related sales and $13 million favourable foreign currency translation. Commercial & […]
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 […]
Phillips Screw Company names new Director of Engineering
The Phillips Screw Company has promoted Gary Dilling to the newly created position of Director of Engineering. Dilling has served the company as Fastener Engineer at Phillips since 2002 and in the new role will lead Phillips in new product and intellectual property development. The move comes as Phillips aims to continue serving the fastener industry with […]
Ship & Shore Environmental sets sights on fastener industry
Ship & Shore Environmental Inc, a leading US pollution abatement firm, is to focus its sales and marketing efforts on the fastener industry. As a part of its ongoing 2018 sector diversification strategy as well as the increasing environmental regulations, the company has decided to further strengthen its core industries, including fastener coating. “In a competitive […]