Optimas Solutions, a global industrial distributor and service provider, has moved its distribution center in Mexico to a 32,400 sq. ft. state-of-the-art facility in the Monterrey suburb of Apodaca — closer to its customers, suppliers, and employees to better support the economic growth of the region. According to president of Optimas Americas Daniel Harms, the…
Bufab acquires U.S. fastener distributor, CSG
Bufab has entered into an agreement to acquire all outstanding shares in the U.S. company, Components Solutions Group (CSG), with annual sales of approximately U.S. $30 million. CSG is a distributor of fasteners and other C-class components in the North American market and is headquartered in Dayton, Ohio. CSG also owns three subsidiaries — two…
Arkema acquires Ashland’s Performance Adhesives business
Chemical manufacturer, Arkema, recently signed an agreement for the acquisition of Ashland’s Performance Adhesives business, a provider of high-performance adhesives for industrial applications in the U.S. with a unique and innovative product portfolio. The acquisition is aligned with Arkema’s ambition to become a pure, specialty materials player by 2024. “We are very happy and proud…
Goebel Fasteners announces leadership transition
Goebel Fasteners, Inc. announced recent corporate developments that position the company for its next phase of significant growth. These new developments tie into an expansion of the company’s North American operations and greater leadership. Following a planned, multi-year transition strategy, it was recently announced that Christian Reich will be named Chief Executive Officer of Goebel…
CCT Coating & Converting Technology joining ATP Adhesive Systems Group
The U.S.-based adhesive tape specialist CCT Coating & Converting Technologies announced that it’s becoming part of water-based specialty adhesive tapes manufacturer, ATP Adhesive Systems Group. This combination will strengthen the market position of both companies while offering a wider range of tailor-made solutions to its customers. ATP Adhesive Systems Group is a pioneer in high-performance…
FDH Aero adds to its supply chain with acquisition of Madison Aerospace
FDH Aero, an aerospace and defense products distributor serving aircraft production and aftermarket supply chains, recently acquired Madison Aerospace. This acquisition broadens FDH’s reach with additional product offerings in the OEM segment, serving a diversified customer base. Madison Aerospace is a fully certified aerospace hardware distributor and provider for high-performance AN, MS, NAS, and per-print…
Century adds fastener and electronic components expert to its team
Century Fasteners Corp., a master distributor of quality components to several critical and high-tech industries, recently hired fastener and electronic components expert, Paul Oakeson. Oakeson will take on the role of the Upper-Midwest regional sales manager. He brings 30 years of aerospace fastening and electronic components experience to the Century Fasteners team. Oakeson’s industry experience…
White Cap expands in Northeast, thanks to acquisition of Tri-Supply & Equipment
White Cap Supply Holdings has closed on the agreement to acquire Tri-Supply & Equipment. Based in New Castle, Delaware, with two other locations in Salisbury, Md. and Dover, Del., Tri-Supply & Equipment will join White Cap in the Northeast Region in serving its local customers with exceptional customer service. “We are excited about the ability to leverage our combined…
Milwaukee Tool marks another expansion in Mississippi
Milwaukee Tool is once again expanding its footprint in the U.S. with the announcement of a new manufacturing facility in Clinton, Mississippi. With plan to open in November, this new facility will accommodate increased capacity for the company’s growing business. The project is a more than $7 million corporate investment, and is part of the…
Threaded Fasteners acquires threading machine manufacturer, RTC
Threaded Fasteners, Inc. (TFI), a 100% employee-owned business specializing in the manufacturing, custom packaging, and distribution of steel fasteners, has acquired RTC Threaders — formally Ruja Tooling Corp based in Churubusco, Indiana. RTC was founded in 1971 and is a premier manufacturer of planetary threading equipment in the U.S., innovating new lines of threading machines.…