Sears goes to court to ‘take a stand’ against power tool and accessories supplier
US-based stockist Sears has blasted one of its power tools suppliers for “seeking to embarrass” the company in a bid to “force us to let them out of their contract”. One World, a subsidiary of China-based Techtronic Industries, has supplied Sears with power tools and related accessories under the Craftsman brand for almost a decade […]
Asia-Pacific sales rocket for NORMA Group
NORMA Group saw sales growth in three regions in the first quarter of 2017, with sales up 12.5% to €254.9 million. Following a “challenging 2016”, NORMA’s strong start to the year included significant growth in the EMEA (Europe, Middle East and Africa regions) and Asia-Pacific regions. EMEA sales rose 14.1% to €127.9 million in Q1 […]
Norbar Torque Tools acquired by US-based Snap-on Incorporated
On 4th May 2017, the Norbar Torque Tools group of companies (Norbar), its wholly owned companies in India and Singapore, and including the joint ventures in USA and China, were acquired by Snap-on Incorporated of Kenosha, Wisconsin, USA. Since its incorporation in 1943, Norbar has been owned and managed by descendants of the founder, William […]
USA’s Vegas fastener show NIFMSE wins awards
For the first time in its show history, the National Industrial Fastener & Mill Supply Expo (NIFMSE) has been named on the list of Trade Show News Network’s Trade (TSNN) Top 250 Trade Shows and Trade Show Executive’s (TSE) Fastest 50 Winners. TSNN’s list represents the top 250 trade shows held last year in the United States and is […]
Dripless caulking guns now available in the UK and Ireland via Caulfield Industrial
Dripless, Inc. is bringing its line of high quality caulking guns to the UK and Irish markets through a partnership with Caulfield Industrial of Galway, Ireland. The guns are being marketed through Amazon.co.uk. This includes the Made-For-The-UK 380ml ETS2000EL and ETS3000EL line of long barrel guns. As spotted by Torque Magazine at this year’s Totally […]
Phillips Screw Company’s new logo plays on brand heritage
One of the best-known fastener brands in the world, the Phillips Screw Company, has updated its corporate image with the launch of a new logo. The updated logo plays on Phillips’ original innovation. The firm said that the updated logo is a way to help customers, licensees, and consumers better identify The Phillips Screw Company as […]
President Trump pays a visit to an American tool manufacturer
Tool manufacturer Snap-on hosted President Donald Trump yesterday (Tuesday 18 2017) at its Kenosha, Wisconsin headquarters. President Trump used his visit as a platform to promote his ‘buy American and hire American’ policy, promoting American industry and insisting that “the American people will come first once again.” Snap-On said of the visit: “We view his […]
Fastener sales return to growth for Fastenal
Growing demand has increased sales for Fastenal in Q1 2017, up 6.2% while fastener sales returned to growth. Non-fastener sales grew too, at 9.4% and peaking in March with double-digits growth. The distribution giant saw pre‐tax earnings grew at their fastest pace since Q2 2015 (5.5%) during the period. The quarter also saw it close […]
America boosts Bossard results for Q1 2017
Bossard has seen its highest growth in America in Q1 2017, with sales up 29.9% to CHF 56.9m (+28.4% in local currency). Although buoyed by the Arnold Industries acquisition at the tail end of last year, Bossard said growth was strong in the US market even without the acquisition. Working with “the largest US electric […]
California’s Fastener Distribution Holdings acquired
Fastener Distribution Holdings (FDH) has been acquired by Audax Private Equity from Housatonic Partners. FDH is headquartered in Marina del Rey, California and is a distributor of aerospace fasteners and other C-class components to commercial and defence aircraft manufacturers, subcontractors and components distributors through its Arlington International Aviation Products (AIAP) and Aircraft Fasteners International (AFI) […]