Brighton-Best International (BBI), a master fastener distributor, has announced the acquisition of Vertex Distribution, a one-source provider of corrosion-resistant fasteners in North America. Vertex offers a full line of metric fasteners in carbon and alloy steel, as well as rivets and hose clamps. The purchase was structured as an asset transaction and will close on…
PennEngineering announces global expansion
PennEngineering, a global provider of fastening solutions, announced it has expanded its global presence, launching its first PEM location in Tokyo, Japan. This expansion reflects PennEngineering’s commitment and focus on providing direct access to PEM and Haeger products and local resources, including advanced engineering and product support. In 2019, the company acquired Tokyo-based Eurotec,…
Centerbridge Partners acquires IPS Corporation
IPS Corporation announced the closing of its acquisition by Centerbridge Partners, a private investment firm, from Cypress Performance Group. George Moore and Dan St. Martin will continue to serve as executive chairman and CEO of IPS, respectively. IPS provides a comprehensive offering of specialized, highly engineered industrial products including structural and surface adhesives, solvent cements, and plumbing and roofing…
Optimas Solutions ranks 21st on Industrial Distribution’s 2021 Big 50 List
Optimas Solutions, a global industrial manufacturer, distributor, and service provider, announced that it has been awarded the number 21 spot on Industrial Distribution’s 2021 Big 50 List. Released in late September, the Big 50 is a prestigious list of industrial suppliers in the United States ranked by the previous year’s revenue. “It’s an honor for Optimas…
LindFast Solutions Group acquires Solution Industries
LindFast Solutions Group, a master distributor of specialty fasteners, announced that it has completed the purchase of Solution Industries. “As you already know, Solution Industries is a great company that has decades of experience in fasteners and has the same relentless focus on meeting the customers’ needs that we do at LindFast,” said CEO, Bill…
LEAP Awards winners to be announced October 14th
The awards ceremony for 2021’s record-setting LEAP (Leadership in Engineering Achievement Program) Awards is almost here! You undoubtedly see new products released all the time. But which ones are really game changing, the kinds of technologies that will make your job as an design engineer easier? The ones that will help take your products to the…
Meridian Adhesives Group acquires Prime Blend
Meridian Adhesives Group recently added a 14th company to the group’s portfolio, with the acquisition of Prime Blend, LLC. Prime Blend is a manufacturer and formulator of water-based and hot melt adhesives and coatings. The company primarily serves the food and beverage packaging, paper/film and foil converting, and furniture markets. “The addition of Prime Blend…
Latécoère acquires aerospace component supplier, SDM
Latécoère, a partner of several major international aircraft manufacturers, has announced the signing of the acquisition of Mexico-based, Shimtech de Mexico (SDM) from Avantus Aerospace. SDM was established in 2016 as part of the Avantus Aerospace Ltd. group’ strategic expansion as a supplier of precision-engineered structural composite assemblies and components, as well as high-strength aerospace…
Henkel’s “hackathon” for female founders accepting applications for November event
The Henkel Xathon, an ideation hackathon for female founders, is taking place for the third time. The aim is to promote female entrepreneurs and talents in the technology industry, strengthening their business innovation and supporting them in building a relevant business network. The Xathon will take place in Berlin from November 12 to 14, 2021…
Pivot Point expands manufacturing facilities in Wisconsin
Pivot Point Incorporated, a manufacturer of non-threaded fastener solutions, has broken ground on a new 30,000-square-foot expansion to the manufacturing space at their Factory #2 in Hustisford, Wisconsin. Combined with the adjacent Factory #1, their total facilities will increase to nearly 100,000 square feet. Bayland Buildings, Inc. of Green Bay, WI was selected as…