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2021-11-05

IN THE NEWS WITH FASTENER NEWS DESK THE WEEK OF NOVEMBER 1ST, 2021

IN THE NEWS WITH FASTENER NEWS DESK THE WEEK OF NOVEMBER 1ST, 2021 2021 has been a very active year for mergers and acquisitions. We`re dedicated to bringing you the latest in industrial supply acquisitions as they happen. Keeping the industry in touch with pertinent industry news as it happens is our mission at FastenerNewsDesk.com In Acquisition News: Industrial Distribution Magazine reported that B&F Fastener Supply has acquired Mid States Specialty in Illinois. The acquisition marks B&F`s third acquisition since the start of 2017. You can read to full story at inddist.com and search for mergers and acquisitions. Packer Fastener Expands South with New Chicago Branch. With continued growth in 2021, Packer Fastener has decided to expand its brand further south. This will mark the second brick-and-mortar opening of 2021. The new branch is set to open on Nov. 1. Get more info at https://www.packerfastener.com/ Winsupply Inc., one of the largest distributors in the nation, has closed on the purchase of HESCO Supply. HESCO has grown to become one of the 250 largest #distributors in the country. Terms of the purchase were not disclosed. Congratulations to all industrial #distributors who earned a spot-on the Industrial Distribution`s 2021 Big 50 List! Check out which Fastener #Distributors made the ID 2021 Big 50 List Featured at FastenerNewsDesk.com https://fastenernewsdesk.com/29865/industrial-distributions-2021-big-50-list/ Würth Industry North America Announced the Expansion Of their Online CAD Database: Würth Industry North America (WINA), the leading industrial distributor of supply chain solutions for fasteners, MRO, and safety equipment, announced today t
2021-11-05

IN THE NEWS WITH FASTENER NEWS DESK THE WEEK OF NOVEMBER 1ST, 2021

In Event News Thursday, November 4th it`s AFTER HOURS at Rock & Brews Corona with the Pac-West Fastener Association. 5:00 – 8:00 pm. Stop by and meet other people in the fastener industry and expand your professional network. And on Friday, November 5th is the 2021 Mel Kirsner Memorial Golf Outing Get more info about these events at PAC-West.org November 8-10 FastenerFairUSA rolls into Cleveland, Ohio for the next edition of Fastener Fair USA, happening, at the Huntington Convention Center in downtown Cleveland. Also upcoming from Reed Exhibitions is the Fastener Fair CONNECT a two-day virtual business trade, network, and knowledge events for fastener pro
2021-10-21

Development prospect forecast and demand scale analysis of the whole industry chain of global and Chinese fastener industry market in 2021

Development prospect forecast and demand scale analysis of the whole industry chain of global and Chinese fastener industry market in 2021 Fasteners are the most widely used basic parts in industry, known as "the rice of industry". Fasteners are characterized by a wide variety of specifications, different performance and uses, a high degree of standardization, serialization and generalization, and a wide range of application fields, involving many departments of the national economy. They are widely used in various machinery, equipment, vehicles, ships, railways, bridges, buildings, structures, tools, instruments, chemicals, instruments and other products. The prosperity of the above main application industries is high, and the demand for fasteners is large, which will further stimulate the expansion of the production capacity of fastener enterprises. The technical progress and industrial upgrading of the main application industries and the further improvement of the requirements for the performance and quality of fasteners will promote the technical progress of the fastener industry and the improvement of the quality of fastener products; The development of new application fields will expand the market demand of fasteners and promote the diversification of fastener products. In recent years, China's fastener industry has basically maintained steady and gentle growth. On the whole, affected by the slowdown of global economic growth and the increasing downward pressure on the domestic economy, the growth of downstream demand for fasteners has slowed down, especially the serious overcapacity of low-end products of domestic fasteners, but the supply of high-end products is insufficient, The fastener industry has shifted from high-speed growth to high-quality growth. (1) Industry definition and classification: fasteners are the general name of a kind of mechanical parts used when two or more parts (or components) are fast
2021-10-20

Machine Screws Market Witness Stunning Growth By 2028

Machine Screws Market Witness Stunning Growth By 2028 A2Z Market Research announces the release of Machine Screws Market research report. The market is predicted to grow at a healthy pace in the coming years. Machine Screws Market 2021 research report presents an analysis of market size, share, and growth, trends, cost structure, statistical and comprehensive data of the global market. The top companies in this report include: Foreverbolt, Tong Ming, Gem-Year Industrial Co., Ltd, Tamper-Pruf Screw, Ben Yuan, Monroe, Alex Screw Industrial co, Ltd., SCF, Arlington Fastener, Bossard. As analytics have become an inherent part of every business activity and role, form a central role in the decision-making process of companies these days is mentioned in this report. In the next few years, the demand for the market is expected to substantially rise globally, enabling healthy growth of the Machine Screws Market is also detailed in the report. This report highlights the manufacturing cost structure includes the cost of the materials, labor cost, depreciation cost, and the cost of manufacturing procedures. Price analysis and analysis of equipment suppliers are also done by the analysts in the report. This research report represents a 360-degree overview of the competitive landscape of the Machine Screws Market. Furthermore, it offers massive data relating to recent trends, technological advancements, tools, and methodologies. The research report analyzes the Machine Screws Market in a detailed and concise manner for better insights into the businesses. The report, with the assistance of nitty-gritty business profiles, project practicality analysis, SWOT examination, and a few different insights about the key organizations working in the Machine Screws Market, exhibits a point-by-point scientific record of the market`s competitive scenario. The report likewise displays a revie
2021-10-13

Bufab Agrees to Acquire Components Solutions Group

Bufab Agrees to Acquire Components Solutions Group Bufab has entered into an agreement to acquire all outstanding shares in the USA company, Components Solutions Group, Inc. (CSG), with annual sales of approximately US$30 million. CSG is a leading distributor of fasteners and other C-class components in the North American market and is headquartered in Dayton, OH, USA. CSG also owns three subsidiaries-two located in Ohio and one in Kentucky. CSG was founded in 2000, and has been mainly owned and run by its current President, Ernie Riling and his colleagues and minority owners Matt Coy, Ken DeCrane, Thomas Girgash and Rick Clark. Under their leadership, CSG has expanded to a strong regional technically oriented supply chain partner with customers across many industries. CSG has currently 85 employees and net sales of approximately US$30 Million with a 10% operating proﬁt. "It gives me great pleasure to announce that CSG is joining the Bufab Group. Over many meetings in the past years, we have gotten to know the company well, and see great similarities to Bufab in the solution-oriented, entrepreneurial approach to creating customer value," says Johan Lindqvist, Bufab`s acting President/CEO. [We are conﬁdent that CSG will continue to grow and thrive as a member of the Bufab Group." The acquisition will be ﬁnanced within Bufab`s existing credit facilities. Purchase price paid at closing of the transaction amounts to US$26 million on a cash and debt-free basis. A performance-related purchase consideration of a maximum of US$10 million may be paid in 2023-2024, conditional on a signiﬁcantly improved proﬁt.
2021-10-13

Trifast Acquires Falcon Fastening Solutions

Trifast Acquires Falcon Fastening Solutions The Board of Trifast plc in the UK is pleased to announce the acquisition of North American specialist fastenings distributor, Falcon Fastening Solutions Inc. The acquisition represents the successful ﬁrst step in Trifast`s acquisition led North America expansion strategy, and extends the Group`s global OEM customer base and presence in nonauto focus sectors. Falcon is an established, proﬁtable specialist fastening business with a long-standing blue-chip customer base. The acquisition also opens growth opportunities for Falcon with Trifast`s global customers in key target states. The acquisition is expected to be earnings enhancing in the ﬁnancial year ending March 31, 2022. Trifast plc has acquired Falcon for a total cash consideration of US$8.3 million on a cash free/debt free basis, which has been funded through the Group`s existing cash and ﬁnancing facilities. Mark Belton, Trifast CEO says that the Carolinas in the USA are strategically important for Trifast where a number of its global OEMs have facilities. And the combination of Falcon and Trifast`s locations, experience, knowledge and skills will open signiﬁcant opportunities to expand the service and portfolio offering to both existing and new customers."
2021-10-06

Who invented screws

Peter Lymburner Robertson (December 10, 1879 – September 28, 1951) was a Canadian inventor, industrialist, salesman, and philanthropist who popularized the square-socket drive for screws, often called the Robertson drive. Although a square-socket drive had been conceived decades before (having been patented in 1875 by one Allan Cummings of New York City, U.S. Patent 161,390), it had never been developed into a commercial success because the design was difficult to manufacture. Robertson's efficient manufacturing technique using cold forming for the screw's head is what made the idea a commercial success.[1] He produced his screws (patented in Canada in 1909) in his Milton, Ontario, factory starting in 1908. The brand has been sold over the years,[2] and the manufacturing for the present corporation (Robertson Inc.) is done in Jiaxing, Zhejiang, China; but the Milton, Ontario, building was still a head office for a long time before moving to nearby Burlington, Ontario.
2021-09-24

why washers are used

Washer, machine component that is used in conjunction with a screw fastener such as a bolt and nut and that usually serves either to keep the screw from loosening or to distribute the load from the nut or bolt head over a larger area. For load distribution, thin flat rings of soft steel are usual. To prevent loosening, several other types of washers are used. All act as springs to compensate for any increase in the distance between the head of a bolt and the nut, or between the head of a screw and the object being clamped. In addition to the spring action, some of these washers have teeth that bite into the workpiece and the screwhead and provide a locking
2021-09-09

2020-2021 China Fastener Industry Analysis Report

2020 marks the end of the comprehensive implementation of the 13th five year plan. In the past five years, China's economic and social development has made new historic achievements, the overall economic operation is stable, the economic structure has been continuously optimized, and the GDP has exceeded 100 trillion yuan. China's fastener industry adheres to the general tone of seeking progress while maintaining stability, effectively uses new infrastructure to empower and upgrade traditional infrastructure and industries, and constantly promotes the high-quality development of the industry. 1. Overview of China's fastener import and export in 2020 According to the data of the General Administration of Customs of China, the total export volume of fasteners in China in 2020 was about 3.06 million tons, a year-on-year decrease of 3.47%; The total export volume was about US $6.97 billion, a year-on-year increase of 2.05%. In 2020, China's total fastener imports were about 272000 tons, a year-on-year increase of 1.87%; The total import volume was about US $2.79 billion, a year-on-year decrease of 6.06%. Note: the trade name is 7318 steel screws, bolts, nuts, square head screws, hook head screws, rivets and similar products; If there is no actual import and export
2021-06-02

2021 12th Shanghai Fastener Exhibition

On June 2, 2021, the 12th Shanghai fastener Exhibition (fes2021), jointly sponsored by Shanghai shangsou Exhibition Co., Ltd. and Chinese screw net, opened in the National Convention and Exhibition Center! After 12 years of hard work, polishing and precipitation, Shanghai fastener professional exhibition has become the common choice of high-end brands and innovative enterprises in the industry, the release platform of the latest products, the professional place for trade transactions, the international exchange platform for industry people, and one of the three major fastener professional exhibitions in the world. From June 2 to 4, 2021, this year's Shanghai fastener professional exhibition will last for three days. The organizer will create an upgraded version of the fastener professional exhibition with the theme of "only innovation can have the future". The exhibition scale is 32000 square meters, attracting more than 650 fastener manufacturers and fastener production equipment manufacturers to show. At the same tim

Industry Information

How to distinguish between stainless steel screws, galvanized and nickel-plated screws
At present, most of the screws are produced in Yongnian County, Hebei Province. Every county in the country has Yongnian who sells standard parts. Standard screws include bolts, screws, studs, nuts,...
Mechanical performance standards for common self-tapping screws and self-cutting self-tapping screws
First, the scope of application The SAE J933 standard specifies the mechanical and quality requirements for steel self-tapping screws for automotive and related industries. Not suitable for corrosion...
What to do if the car screws loose
In order to avoid the looseness of the car screws, it is probably solved from the following points: 1. Spring washers should be flexible, well-sized spring washers are convenient, the production cost...
Sterling technology sharing: What are the differences between the three concepts of bolts, screws and screws?
In fact, the standard is that there are no screws and nuts. Screws are commonly known as "screws" with external threads. The shape of the nut is usually hexagonal, and the inner hole is internally...

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