Triangle Fastener Corporation (TFC) recently announced the acquisition of GLR Fasteners Inc., a distributor of fasteners used in roofing and glazing applications. GLR has serviced the San Francisco Bay area since 1977, and has been owned and operated by Gloria Rubalcava since 1989. With the acquisition of the company, officially as of August 2021, TFC is…
Centerbridge Partners to acquire adhesive and solvent company, IPS Corporation
Centerbridge Partners, L.P., a private investment firm, announced a definitive agreement to acquire IPS Corporation from Cypress Performance Group, LLC. 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, rough…
NCA is now part of White Cap Supply Canada
White Cap Supply Canada reports that it has closed on the previously announced agreement to acquire National Concrete Accessories Canada (NCA), an Alberta corporation. This combined business, which is intended to mirror the long-term success of White Cap in the United States. NCA is now part of White Cap Supply Canada, which is comprised of Brafasco…
Fastener Fair Stuttgart postponed to 2023
Mack-Brooks Exhibitions announced the postponement of Fastener Fair Stuttgart 2021, which was scheduled to take place at the Messe Stuttgart Exhibition Centre in Germany, November 9-11, 2021.This decision was made due to the ongoing pandemic and following conversations with exhibitors and partners over the past weeks and months. The 9th International Exhibition for the Fastener…
GM invests in Advanced Design Center in California
General Motors (GM) announced a more than $71 million investment to establish a new campus in Pasadena, California, for GM’s Advanced Design Center operations — a move that will substantially increase the center’s capacity and create more jobs in the area. The nearly 149,000-square-foot campus will make room for expanded advanced technology teams that will…
DuPont acquires Laird Performance Materials
DuPont announced that it has successfully completed the acquisition of Laird Performance Materials, a global provider in high-performance electromagnetic shielding and thermal-management solutions. Laird Performance Materials’ offerings complement ICS’ portfolio in flexible laminates, dry-film photoresist, specialty films, and plating chemistries. “I’m pleased to welcome our very talented Laird Performance Materials colleagues to DuPont,” said Ed…
PennEngineering partners with Paperless Parts, a cloud-based platform
PennEngineering has announced a new strategic partnership with Paperless Parts, a cloud-based platform that has revolutionized the quoting and sales process for sheet-metal fabricators. By streamlining fastener recognition and component ordering processes with the Paperless Parts platform, PennEngineering’s sheet metal fabrication partners can simplify the application of PEM fasteners into their customers’ assemblies, increasing quote…
Mark your calendars: Fastener Fair CONNECT is launching this November
The organizer of Fastener Fair CONNECT, Mack-Brooks Exhibitions, announced a new online event for the international fastener and fixing community to enhance networking opportunities between geographical markets otherwise unable to meet due to COVID-19 and related travel restrictions. Fastener Fair CONNECT is the first online marketplace and digital business platform unifying Fastener Fair shows worldwide.…
PennEngineering opens new west coast office in San Jose
PennEngineering, company and global manufacturer of mechanically attached fasteners, announced the opening of a new office in San Jose, California. Located in the PacTrust Business Center, the new facility expands the company’s presence in the Bay Area and provides a growing, local customer base with greater access to direct local resources, including engineering support and…
Optimas Solutions continues to expand, opening two new UK distribution facilities
Optimas OE Solutions, a manufacturer and distributor of precision-made fasteners and supply chain solutions, announced the opening of two new UK distribution facilities. The company has been rapidly expanding. Earlier this year, Optimas Solutions moved its global headquarters to Illinois, and opened a new distribution center in Tennessee. One is in the Birmingham Trade Park and…