Daily Fasteners and Fixings News by Bazibaza

Company Purchase & Investment

Accursia acquires four European business units of Optimas | Fastener + Fixing Magazine

 Accursia Capital GMBH has signed an agreement with Optimas OE Solutions Limited for the acquisition of four selected Optimas European businesses.(...) via Accursia acquires four European business units of Optimas | Fastener + Fixing Magazine. [Read More]
2020/04/17

Stanley Black & Decker sets up Covid-19 community response task force & commits financial support | Torque-Expo

 Stanley Black & Decker has ploughed over $10 million dollars into a Covid-19 philanthropic outreach programme to help its communities and employees around the world.(...) via Stanley Black & Decker sets up Covid-19 community response task ... [Read More]
2020/04/15

Hilti shelves projects, cuts production and frees up CHF 200 million to counteract Covid-19 | Torque-Expo

 In the face of the Covid-19 pandemic, fixings specialist Hilti is bracing for a modest sales loss of 10% (in local currencies; 14% in Swiss francs).(...) via Hilti shelves projects, cuts production and frees up CHF 200 million to counteract ... [Read More]
2020/04/14

Munich Private Equity Firm Creates Stronghold Fastener Group | Global Fastener News

 The acquired companies, with a workforce of 230 and $76 million in sales, will be rebranded as “Stronghold” and supply C-parts to industrial companies.(...) via Munich Private Equity Firm Creates Stronghold Fastener Group | Global Fastener News. [Read More]
2020/04/13

Munich Private Equity Firm Creates Stronghold Fastener Group | Global Fastener News

 The acquired companies, with a workforce of 230 and $76 million in sales, will be rebranded as “Stronghold” and supply C-parts to industrial companies.(...) via Munich Private Equity Firm Creates Stronghold Fastener Group | Global Fastener News [Read More]
2020/04/10

Dyson acquires Ohio’s Accu-Tech Manufacturing | Fastener Engineering

 Dyson Corporation, a U.S. specialty fastener and forging company, is expanding its manufacturing capacity and capabilities through the acquisition of business assets from Accu-Tech Manufacturing & Support Corporation.(...) via Dyson acquires ... [Read More]
2020/04/10

Huck owner Arconic plans $200 million actions to mitigate Covid-19 impact | Torque-Expo

 Actions amounting to approx. $200 million have been planned by Arconic to overcome disruption from the Covid-19 pandemic. Effective immediately, the group will reduce operating costs by approx. $150 million (on annualised run-rate basis) as well ... [Read More]
2020/04/09

Accursia carves out four European entities from Optimas | Fastener + Fixing Magazine

 Munich-based private equity holding, Accursia Capital acquired four European entities, in Italy, Germany, Belgium and Bulgaria, from Optimas OE Solutions.(...) via Accursia carves out four European entities from Optimas | Fastener + Fixing Magazine. [Read More]
2020/04/09

Fastenal reportedly buys Apex Industrial Technologies assets | Torque-Expo

 Numerous news outlets are reporting that fastener giant Fastenal has bought certain assets of vending specialist Apex Industrial Technologies.(...) via Fastenal reportedly buys Apex Industrial Technologies assets. [Read More]
2020/04/07

TFC launches new facility in Northern Ireland – Aerospace Manufacturing Magazine

 Leading engineering product and services provider TFC, has launched a new facility to supply Northern Ireland and the Republic of Ireland.(...) via TFC launches new facility in Northern Ireland – Aerospace Manufacturing Magazine. [Read More]
2020/04/06