Daily Fasteners and Fixings News by Bazibaza

Company Purchase & Investment

A Raymond Tinnerman Plans Kentucky Plant Expansion | PRNEWSWIRE

 ROCHESTER HILLS, Mich., Jan. 26, 2011 /PRNewswire/ -- A Raymond Tinnerman, a leading global supplier of automotive fastening, is expanding its manufacturing operations in Kentucky. The company plans to add more than 25 new jobs and invest ... [Read More]
2011/01/26

Hillman Group building sold for $16.5M | American Fastener Journal

 Posted Date: 01/23/2011 Angelo, Gordon & Co. purchased the Forest Park, Cincinnati, Ohio industrial building occupied by the the Hillman Group for $16.5 million. The 335,700-square-foot building, located at 1700 Carillon Blvd., is 100 ... [Read More]
2011/01/23

Manufacturing Growth Forecasted for 2011 Capital Expenditures to Increase by 14.5% | Fastener World Inc.

 2011/01/21 The U.S. manufacturing sector will grow in 2011, with manufacturing revenue increasing by 5.6% according to the Institute for Supply Management (ISM) semi-annual forecast. The 16 manufacturing industries expecting improvement over 2010 ... [Read More]
2011/01/21

Acument keeps operations in Metro Detroit, 50 hires planned this year | metromodemedia

 Acument's transformation over the last couple of years typifies what Metro Detroit's automotive suppliers went through, with loss of work and shrinking of operations. But it's also a promising sign of good things to come as the company positions ... [Read More]
2011/01/17

Groundbreaking Ceremony for Würth Annex in Künzelsau – Additional Investments at Headquarters to Follow American Fastener Journal

 Posted Date: 01/16/2011 The Würth Group will be celebrating the groundbreaking ceremony for the annex to corporate headquarters in Künzelsau-Gaisbach. Said annex will provide room for an additional 350 office workstations. It constitutes the ... [Read More]
2011/01/16

BAS Components plans strategic development for the new year | American Fastener Journal

 Posted Date: 01/09/2011 Pembroke based BAS Components will start the New Year under new ownership and with renewed enthusiasm for its strategic direction in the sheet metal and fastener sector. The company has been sold by its previous parent TT ... [Read More]
2011/01/09

Will this be the year of Mergers and Acquisitions? | Fastenerblog.net

 I am looking forward to the next edition of Fully Threaded Radio. I follow FTR on Twitter and got the following Tweet last week: "CEO of Active Screw & Fastener Buddy Blattner discusses mergers and acquisitions on Fully Threaded Radio episode ... [Read More]
2011/01/08

Hillman buys distributor Servalite | Business Courier

 Hillman Cos. Inc. has acquired Servalite, an East Moline, Ill.-based distributor of fasteners and hardware. Financial terms of the purchase were not disclosed. According to a press release, Servalite specializes in speciality fasteners and "... [Read More]
2011/01/06

Acument – Corporation moves headquarters to Sterling Heights – News – Source Newspapers

 2010-12-22 - Acument Global Technologies Inc., a maker of fasteners for a variety of industries such as aerospace, defense and automotive, has moved its corporate headquarters to its Sterling Heights manufacturing plant. The $1.92 million project ... [Read More]
2011/01/05

Ring Screw Expanding Operations | Fastener Technology International

 Crain's Detriot Business reports, "Troy-based Ring Screw LLC, a subsidiary of Troy-based Acument Global Technologies Inc., will expand its operations with a $5.1 million investment. The project is expected to create 150 jobs over the next five ... [Read More]
2011/01/05