XLCS Partners, Inc., a middle market investment bank, announced that it served as an exclusive advisor to Tower Fasteners in its sale to All Integrated Solutions (AIS), a subsidiary of MSC Industrial Supply. Tower is a second-generation value-added distributor of OEM fasteners and other components to a diverse set of industrial, medical equipment, aerospace, military,…
The most common mechanical tests for fasteners
Rob LaPointe | President & CEO AIM Testing Laboratory Laboratory analysis for fasteners includes a variety of tests that can be grouped into four broad areas: mechanical, metallographic, chemical, and nondestructive. Nearly all fastener testing required by drawings and manufacturing specifications can be categorized into one of these four major areas. Unless dealing directly with…
Kennametal offers new turning grade for machining hardened steel and alloys
Kennametal has introduced its latest ceramic turning grade, KYHK15B, designed to deliver increased productivity and lower cost per edge in hard-turning operations. The new grade provides greater depth of cut capabilities than PcBN inserts when machining hardened steel, high-temperature alloys, and cast iron, as well as maximum tool life and wear resistance for the most…
Nucor adding melt shop to its Arizona bar mill
Nucor Corporation announced that it will add a new melt shop at its bar mill in Kingman, Arizona. The new $100 million melt shop will have the capacity to produce 600,000 tons annually and create approximately 140 new full-time jobs paying an average annual wage of approximately $85,000. Construction of the melt shop is expected to take two…
ParkOhio adds two new companies to its global organization
ParkOhio, a diversified international company with a supply chain management outsourcing service, recently released its second-quarter update, which includes two new acquisitions. Effective August 2, 2022, ParkOhio acquired Southern Fasteners & Supply, Inc. The new acquisition will be included in ParkOhio’s Supply Technologies segment, headquartered in Winston-Salem, North Carolina, which has annual revenues of approximately…
MSC Industrial acquires Tower Fasteners
MSC Industrial Supply, a premier distributor of metalworking, maintenance, repair, and operations supplies to industrial customers throughout North America, announced that it has acquired Tower Fasteners, a Holtsville, New York-based valued-added distributor of OEM fasteners and components. Under the equity purchase agreement, Tower Fasteners will continue to operate under its current name after becoming an…
TriMas Aerospace earns supplier performance recognition from Boeing
TriMas announced that TriMas Aerospace’s Allfast Fastening Systems business has received a 2021 Supply Chain Performance Achievement Certificate from The Boeing Company for the 10th consecutive year. Boeing issues the award annually to recognize suppliers who have achieved superior performance each year. Allfast Fastening Systems maintained a Silver composite performance rating for each month of…
Creating a family environment: The resiliency of RISCO Inc.
At 19, Joseph Frainee Jr. was already a jack-of-all-trades. He worked construction for his father by day and did autobody jobs at night. On weekends, he would paint houses. One such place happened to be the home of the founder of RISCO, Inc., Murray Edward Richardson (“Rich”). RISCO, Inc. began as Richardson’s Fasteners in 1964,…
HYTORC sockets are certified for quality and environmental management systems
Did you know that HYTORC, a manufacturer of hydraulic and electric torque wrenches, also offers sockets? HYTORC sockets are ISO 8001 quality certified and ISO 14001 certified for environmental management systems. HYTORC ensures the latest technology is used to calculate the optimal socket configurations. For example, breaking and tensile strength, material fatigue, and resistance to wear…
The HARDLOCK solution: Securing against vibration
The HARDLOCK Nut resists loosening from vibration longer than most other available fasteners or locking nuts. Supplied by Staytite, this is because the HARDLOCK Nut uses a unique wedge principle to create an unprecedented and powerful self-locking force. It has become a top choice for engineers in the UK, America, Europe, and Japan. How does…