US fastener giant Fastenal acquires Mansco
Fastenal, one of the largest fastener distributors in North America, is to acquire certain assets of industrial and fastener supply distributor Mansco (Manufacturer’s Supply Company). Headquartered in Hudsonville, Michigan and with facilities in Madison, Alabama and McAllen, Texas, Mansco generated approximately $50 million revenue in 2016. The company is profitable and has been run by President and […]
Bulten and Ramco join forces for automotive fastener distribution in the US
Bulten and Ramco have teamed up to create a fastener distribution joint venture for the North American automotive industry. Named Ram-Bul LLC, the equally owned company will be headquartered in Ramco’s new corporate HQ in Hudson, Ohio. Ram-Bul will offer sales and distribution of fasteners for the USA through Bulten’s FSP concept. Using Bulten’s manufacturing […]
Distributor’s Link Magazine celebrates 40 years in the fastener business
Distributor’s Link Magazine is celebrating 40 years in business in 2017. The USA-based fastener magazine is published quarterly and headed up by Editor and Publisher Leo J Coar with Director of Sales and Marketing Tracey Lumia. Over the years the magazine has expanded into digital editions and social media. Leo J Coar said: “Well here we […]
USA’s Home Depot sales hit $95 billion record
The world’s largest hardware retailer has seen sales grow 6.9% to $94.6 billion in fiscal year 2016. Store sales for The Home Depot were up 5.6% while comp sales for US stores were at 6.2% for the year. Numbers up for Q4 Q4 2016 sales reached $22.2 billion, up 5.8% compared to Q4 2015. Store sales […]
Prebena USA pledges to ‘buy American and hire American’
The boss of Prebena North American Fastener Corp has promised the company will follow two rules: “Buy American and hire American.” General Manager Ulrich Wicke said that Prebena North American Fasteners has been following that policy for the last four years, buying raw materials from the country and hiring in excess of 12 staff. The […]
Bosch enlists PriceSpider to demystify consumer purchasing behaviour
Robert Bosch Tool Corporation, the Power Tools Division of North America, is to use PriceSpider to provide product distribution insight across their online retail channels. PriceSpider is a retail tech company that provides insights into consumer purchasing behaviour. The firm was selected by the power tool and accessory manufacturer to demystify consumer purchasing behaviour. According to […]
US cutting tool consumption drops in November
Cutting tool consumption in the US reached $168.69 million in November 2016. Representing a slight decline of 0.2% from October’s £168.99 million, the total was up 9.3% on November 2015. The year-to-date total hit $1.867 billion, representing a 5.7% fall compared with 2015. The statistics were put together by the US Cutting Tools Institute (USCTI) […]
Abbott-Interfast Corporation names new President and CEO
Robert (Bob) Baer has been announced as President and CEO of Abbott-Interfast Corporation. With effect from 1 January 2017, Baer has responsibility for all the company’s operating units. He joined the company 25 years ago as Controller, CPA and after three years was promoted to Vice President and took responsibility for purchasing. Baer’s responsibilities went […]
Over 45,000 sellers now using B2B-focused Amazon Business
Amazon Business is not yet officially available in the UK, where it is at the trial stage, but the business-to-business offering now has over 45,000 selling businesses using it to serve customers in the US. The numbers were revealed in an Amazon press release, noting 2016 milestones. Launched in April 2015, over a $1 billion […]
Stanley Black & Decker grows US manufacturing footprint with tool brand acquisition
Stanley Black & Decker has made another tool acquisition with the purchase of the Craftsman brand from Sears Holdings. The buy out follows a tool brand acquisition in October – $1.95 billion for Irwin and Lenox Tools – and the sale of the majority of SBD’s Mechanical Security businesses last month, arguably indicating a focusing of […]