Optimas acquires Pennsylvania’s Circle Bolt & Nut Co
Optimas OE Solutions Holdings has acquired US-based Circle Bolt & Nut Co., Inc. (CBN) located in Kingston, PA. The acquisition supports the Optimas growth strategy into product adjacencies and enhanced MRO capabilities. “We are pleased to have Circle Bolt & Nut join our team,” said CEO Anesa Chaibi. “We are convinced that this is the […]
Fastenal commits to $11.5 million site in Mississippi
Industrial supply company Fastenal is expanding in Madison County, Mississippi with a new 129,000 sq ft distribution centre, its 15th in North America. Approximately $11.5 million will be invested by the firm, creating over 60 new jobs over three years. The distribution centre will be located off Sowell Road in the Central Mississippi Industrial Centre. […]
TR Fastenings’ USA team recognised for supplier excellence by Yanfeng
TR Fastenings Inc, the North American TR Fastenings (TR) business, has achieved a Supplier Excellence Service award from leading automotive interiors business Yanfeng Global Automotive Interiors (YFAI). The award was presented at the company’s annual North American Supplier Awards event in February this year. TR was rewarded for its excellent approach to customer service for […]
Fastener Fair USA debut brings in 2,000+ visitors
The inaugural Fastener Fair USA has drawn to a close having attracted more than 2.000 registrants, exceeding the expectations of the show organiser, Mack Brook Exhibitions. Running over two days at the Huntington Convention Center in Cleveland, Ohio, there were over 250 exhibitors from 20 countries looking to connect with customers in the Midwest manufacturing […]
USA’s International Fastener Expo secures Mandalay Bay through to 2020
North America’s long established International Fastener Expo (IFE) has secured the Mandalay Bay Convention Center for its annual prestigious event, through 2020. IFE – formerly known as NIFMSE – was first established in 1981 and has held consecutive events for more than three decades. The dates for your diary are: IFE 2018: 30 October – 1 November IFE […]
Simpson Strong-Tie acquires building software LotSpec
Lotspec, a suite of software applications for housebuilders, has been acquired by Simpson Strong-Tie, a specialist in engineered structural connectors, fasteners, anchors and building solutions. US-based LotSpec has been designed to optimise efficiency and productivity for production home builders’ needs around construction document and option management solutions. The firm said that this strategic acquisition, coupled with […]
Will fasteners be hit by new steel tariff? US fastener industry responds
Last week, President Trump signed an order to impose 25% tariffs on steel and aluminium entering the country, with exemptions for Mexico and Canada. The European Steel Association (EUROFER) blasted the move, saying it would be “damaging and counterproductive for both the US and EU economies”. A letter from Brighton Best International (BBI), posted on Fastener News […]
Hitachi Power Tools to become Metabo HPT in the USA
2018 is a big year for Hitachi Power Tools, with a rebranding, new offices in Europe and ambitious growth plans. We already knew that Hitachi Power Tools will become HiKOKI (pronounced Hai‐koh‐key) from October. Now details have emerged that North America will have a different rebranding – to Metabo HPT. The Metabo HPT brand will be seen […]
USA hits steel imports with 25% tariff: Trump has ‘lit a match under the global trading system’
IN DEPTH: In a bid to correct “unfair trade” US President Trump has signed an order to impose heavy tariffs on steel and aluminium. While Mexico and Canada are currently excluded, the Section 232 steel tariff will hit steel imports from all other countries – including products from the EU – with a 25% tariff. This […]
EFDA to bring big Euro delegation to Vegas’ 2018 International Fastener Expo
Hot on the heels of record-breaking attendance at the October 2017 show, the International Fastener Expo (IFE) has partnered with Berlin-based EFDA (European Fastener Distributor Association) to bring a large delegation from 11 different European countries to IFE 2018. EFDA represents 170 European-based innovators with collective sales of more than €4 billion. Karalynn Sprouse, EVP, […]