Daily Fasteners and Fixings News by Bazibaza

Company Purchase & Investment

Japanese Punch Industry to Set up a Subsidiary in Vietnam – Fastener World Inc. (Fastener Magazine)

 Punch Industry Co.,Ltd., a maker of plastic and pressed hardware, screw, and bolt, is planning to set up a subsidiary this November. The company specializes in pressed hardware for automotive components. It is dedicated (...) via   ... [Read More]
2015/09/09

Fontana picks stake in auto component maker Bagla | VCCircle

 BY  BHAWNA GUPTA Italy's Fontana Gruppo now has 20 plants around the world. Italy-based Fontana Gruppo has invested an undisclosed amount to buy a stake in privately held Indian auto component maker Bagla Group to expand its footprint in ... [Read More]
2015/09/08

Berkshire Bolt? Fastener Company Acquisitions – Fastenerblog.net

 The tough and ugly streets of the fastener industry always love acquisition rumors.  Kind of like sports junkies look forward to trade deadlines or draft day.  Who’s getting who?  Over the last several years, a few companies have stood out as ... [Read More]
2015/09/08

SFS and HECO enter a strategic partnership – SFS Group

 SFS and HECO, a leading German supplier of fastening solutions for structural timberwork, have entered a strategic partnership. Thanks to their complementary offerings, they are now able to provide customers with a much broader range of products and ... [Read More]
2015/09/02

Wencor Group And Wetmore Tool And Engineering Enter… — PEACHTREE CITY, Ga. and CHINO, Calif., Aug. 31, 2015 /PRNewswire/ —

 PEACHTREE CITY, Ga. and CHINO, Calif., Aug. 31, 2015 /PRNewswire/ -- California-based Wetmore Tool and Engineering announced its appointment of Wencor as its official inventory management partner worldwide. Under the new partnership, Wencor will ... [Read More]
2015/09/01

Dokka Fasteners Closing Michigan Plant – Fastenerblog.net

 I heard about this on Friday and googled all over to see if I could verify what I had heard.  Sunday morning and the Global Fastener News crew have put it in print – Dokka is closing it’s Michigan facility after just four years.  The state of ... [Read More]
2015/08/31

CERATIZIT Group acquires Klenk | Fastener+Fixing

 CERATIZIT S.A has acquired the German manufacturer of solid carbide cutting tools – Klenk GmbH & Co KG. The CERATIZIT Group is thereby expanding its product portfolio with customised solutions for solid carbide round tools. (...) via ... [Read More]
2015/08/27

AVIC International’s US buys to boost global growth | China Fastener .info

 AVIC International, USA Inc is integrating the resources of its US acquisitions to increase its global market presence and boost overall growth. "Our priority now is to integrate the strengths of the acquired companies with our own advantages so ... [Read More]
2015/08/26

Pentair buys Erico, maker of fasteners and electrical equipment, for $1.8 billion – StarTribune.com

 Pentair PLC will pay $1.8 billion for Ohio electrical and fastener maker Erico Global Co. in a deal that greatly expands its electrical offerings and diversifies an income stream that some worried was too dependent on the ailing oil and gas sector... [Read More]
2015/08/19

Pan American Screw Acquires Western Builders Supply -inddist

 CONOVER, N.C. — Pan American Screw LLC announces the acquisition of Western Builders Supply, Inc. (WBS) of Billings, Montana. WBS distributes a full line of construction fasteners direct to lumberyards, home centers, and farm and ranch ... [Read More]
2015/08/10