Industry news

According to the new market research report, “Thermal Spray Coatings Market,” this sector is expected to grow from USD 7.6 billion in 2020 to USD 10.7 billion by 2025, at a CAGR of 7.0%. According to research firm, MarketsandMarkets, the expected growth of the thermal spray coatings market is attributed to increasing consumption of coating treatments for…

Shimtech Industries, a group of aerospace manufacturing companies in North America and Europe, will become Avantus Aerospace. After 50+ years in the industry, Avantus companies have evolved to manufacture products beyond shims. Today, they boast a wide range of C-class and specialty machined components, including: fasteners, brackets, shims, detail assemblies, and clips, as well as…

The U.S. industrial fasteners industry is facing several challenges as it deals with the impact of the COVID-19 pandemic. How has the macroeconomic environment changed and what does it mean for the industrial fasteners industry going forward? Research and Markets, currently the world’s largest market research center, offers some answers. A new, “COVID-19 Economic Impact…

Investment company, Torqx Capital Partners announced that it has reached an agreement with W.W. Grainger Inc. in relation to the acquisition of 100% of the shares of Fabory and its subsidiaries. Fabory is a specialist supplier of fastener solutions and fastener related products, offering a broad, high-quality assortment to customers. The transaction is still subject…

Advance Components, an industrial fasteners master distributor, recently renewed its certificate as an affirmed women-owned business with the National Women’s Business Enterprise National Council (WBENC). WBENC is the largest certifier of women-owned businesses in the U.S., and a leading advocate for women business owners and entrepreneurs. WBENC certification validates that a business is at least…

Jackie Ventura, owner of Ventura Industrial Products, LLC was recently named a representative for Goebel Fasteners, Inc., a specialty fastener supplier. “I’m looking forward to working with Goebel Fasteners to expand sales in my territory. Their dedication to quality and dependability makes Goebel an excellent complimentary line, and a perfect match to my style of…

Michael Mantis was recently named CEO of Fasteners Inc./Southwestern Supply, following the passing of his father — the company’s founder and owner, Keith Mantis. Fasteners Inc. has an expansive warehouse in Las Vegas, NV, with a large selection of power tools, hardware and other construction equipment. The company was originally established in 1987 in San…

EFC International, a supplier of engineered fasteners, continues to expand. The company is moving their Chicago branch office and warehouse to a new 64,000-square-foot facility in Hanover Park, Illinois. “Our move enables EFC to enhance our service level by providing additional stocking programs with increased inventory space to meet both customer and supplier needs,” shared…

Atotech, a global provider of surface-finishing solutions, recently introduced its two-coat system, Zintek 200 SL F. Unlike conventional anti-corrosion systems — which are based on zinc flake coatings consisting of two base coat layers and one top coat layer — Atotech’s Zintek 200 SL F system saves one layer by incorporating just two self-lubricated corrosion…

Howmet Aerospace, a provider of engineered metal products and fasteners, has officially launched as its own standalone company after the separation from Arconic Inc. Arconic specializes in lightweight materials and engineering. Both companies will now work separately. Howmet Aerospace has begun trading on the New York Stock Exchange under the ticker “HWM.” In 2019, the…