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MW Industries, a leading provider of precision components announced the acquisition of Ideal Fasteners, a global manufacturer of threaded fasteners. The acquisition of Ideal Fasteners closed on December 10, 2021 and expands MW Industries’ existing US-based manufacturing locations to provide precision components for worldwide distribution. The combined company will offer an increased selection of stock, standard, and custom socket caps, button sockets, flat socket caps, and other threaded fasteners along with a wide variety of highly engineered metal and plastic components. https://www.fastenernewsdesk.com/3025…
Nucor Has Acquired A Majority Ownership of California Steel Industries they announced today. They have reached agreements to acquire a majority ownership position in California Steel Industries, Inc. (CSI). The company will be a joint venture between Nucor and JFE, pending regulatory approvals. https://www.prnewswire.com/news-relea…
ARaymond diversifies into new areas of expertise and new markets through two acquisitions. ARaymond, is an international automotive leader in fastening and assembly solutions. The acquisition of CGA Technologies, a leading Italian manufacturer of high performing thermal cooling plates. This step follows the acquisition in early October, of Castello Italia a company specialized in plastic tube extrusion for pneumatic applications within transportation and specific industrial market segments. https://www.araymond.com/en/news/aray…
Winsupply has acquired H2O Supply, wholesale distributor with locations in Texas. Winsupply is one of the largest distributors in the nation, has completed the purchase of both H2O Supply locations. Greg Holbrock, vice president of M&A said “H2O is an exceptionally run wholesale distributor serving both the Dallas and Fort Worth markets. Our intention is to expand our footprint deeper into the south, while continuing to offer amazing services” The locations will continue to do business as H2O Supply. https://www.winsupplyinc.com/news/win…
In Fastener Manufacturing News
Rightway Fasteners is planning a $13 million dollar investment at its plant in Columbus, IN. The company which makes specialty fasteners, primarily for the auto industry, is adding eight new machines to respond to an increase of production volume. Those will include four cold-forging machines, two thread-rolling machines, a heat-treatment furnace and a coating machine. Company officials said they are expecting an increased volume of 20 to 30 percent next year.
These stories featured in this week’s episode of ‘IN THE NEWS’ can be found at FastenerNewsDesk.com and our twitter feed @FastenerNews.
December 17th is LIVE ONLINE TRAINING from the Fastener Training Institute. It’s Session 15 of the Fastener Basics Like Never Before Webinar Series: Stainless Steel & Other Fastener Materials. Stainless Steel is one of the most important fastener materials. The Southwest Fastener Association 2021 Toy Drive is happening Thursday, December 16th , 2021 in Houston, TX For more info go to: https://www.southwesternfastener.org/… This week’s episode of in the news was sponsored by Product Genius Technology. Enhance customer experience with the new view for industrial search. Turn your sales team into product genius’s when selling complex product categories online. Distributors Have a Big Appetite for Better Digital Commerce Technology. Nearly 30% of #distributors plan to spend at least 25% more on ecommerce applications & services in 2022, 7% by more than 50% according to a new study by Digital Commerce 360.
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If you would like to share your company’s events or news, or sponsor an upcoming episode of IN THE NEWS, contact me lisa@fastenernewsdesk.com. Thanks for tuning in to this week’s episode IN THE NEWS with Fastener News Desk. Until next week, be well and Keep it Fastenating.
