Aerospace growth in the second quarter offset market softness in automotive and general industrial.
Todd McRoberts, sales VP at Auto Bolt Company, announced his retirement after 36 years in the fastener industry.
Facing ongoing headwinds in U.S. manufacturing economic activity, only two FIN Fastener Stock Index companies — both aerospace suppliers — achieved stock price gains in the second quarter.
Deal marks “a significant milestone in its strategic expansion plans to serve manufacturers headquartered throughout the greater Midwest and Atlantic regions.”
“Neither guy is going to do our industry any favors,” a U.S. fastener distributor explained as survey results revealed fastener market conditions worsened in June.
Swedish fastener manufacturer selected Star Stainless Screw and Fuller Fasteners as its master distributor partners to supply high-performance stainless steel fasteners in the U.S. and Canada.
Weak industrial product and lower pricing continued to hurt the company’s fastener sales but the rate of decline slowed.
O'Keeffe: “Both have excellent leadership skills and industry expertise and have been preparing to take on these new positions from the start.”
He founded Copper State Bolt & Nut Co. in 1972 and grew the company to more than 600 employees at 30 facilities.
Acquisition of the French Aero Negoce International Group makes Bossard a significant provider of fasteners and logistics services in the European aerospace industry.
Axel Berntsson, 44, “has solid experience from several global industrial companies and has great experience of change management.”
Socket supplier seeks an experienced individual with a BA in business, marketing, or a related field with proficiency in SEO, social media management, and more.
