Swedish fastener manufacturer is divesting automotive factories in the EU and China to cut capital costs and refocus towards distribution and value-added services.
Bronx, NY-based construction fastener supplier is providing American-made fasteners for the project, supported by full Buy America compliance documentation.
Rick Delawder owns and operates SWD Inc., a second-generation, family-owned metal finishing, coating, and fastener-sorting facility.
Strongest reading since mid-2021 was led by a sharp acceleration in sales and an improvement in customer inventory levels.
New executive's previous experience includes leadership roles with Fabory, Mid States Bolt & Screw, Gill Industries, and C.H. Robinson.
New identify positions the fastener manufacturer as a “joining system expert” under the tagline: “Join with US.”
Deal enables Switzerland-based group to enter the North American aerospace market.
CEO: Divestment “supports our ambition to create a less capital-intensive Bulten, with increased focus on profitability, cash generation and capital efficiency.”
Overall growth was limited by rising energy prices, geopolitical uncertainty, and subdued industrial activity.
New strategic account manager brings over 20 years of aerospace and aviation industry leadership, with a track record at organizations including Boeing, GA Telesis, and Aviancia.
New facility provides an inventory capacity increase, optimized facility layout supporting LEAN processes and operational efficiencies, and larger dedicated inspection areas to support increase product flow through stringent quality processes and procedures.
“As industries continue to evolve, I’m excited to contribute my experience at the intersection of technology, AI, and global supply chains to help support the company’s continued growth.”
