The Fastener Fair USA announced that it has formed a strategic partnership with the International Fastener Machinery & Suppliers’ Association (IFMSA), owners of the International Fastener Manufacturing Exhibition (IFME). Under the multi-year agreement, the International Fastener Manufacturing Exhibition will join Fastener Fair USA, beginning with the 2021 show scheduled for June 22-24 (Conference: June 22 |…
Optimas Solutions promotes Marc Strandquist to CEO
Optimas Solutions, a global manufacturer and distributor of industrial fasteners and supply chain solutions, announced the promotion of President of the Americas Marc Strandquist to Chief Executive Officer. He succeeds newly elected Optimas Board Chair and AIP Operating Partner TJ Rosengarth. In his new role, he will oversee the planning and execution of the company’s strategic plan…
Optimas Solutions launches Standard Fastener program for on-demand parts
Optimas Solutions, a global industrial distributor and service provider, has announced the launch of a Standard Fastener program that offers on-demand access to common screws, washers, and nuts for maintenance, repair, and production applications with minimal quality documentation requirements. The service is part of its Manufacturing Solutions strategy and will better meet the existing and…
Simpson Manufacturing names new chief operating officer
Simpson Manufacturing Co., Inc., a provider of engineered structural connectors and building solutions, announced tat Michael Olosky will be joining the company as chief operating officer, effective November 30, 2020. Olosky succeeds Simpson’s former COO Ricardo Arevalo, who retired in February 2020 after 20 years of service. Olosky will primarily be responsible for overseeing Simpson’s sales…
MW Industries completes combination with NN, Inc. division
MW Industries, Inc. — a provider of highly engineered springs, specialty fasteners, bellows, specialized precision wire forms, metal stampings, tubular components and other precision components — recently announced that affiliates of American Securities LLC have completed the transaction to acquire NN, Inc.’s Life Sciences division. As first announced in August of this year, The Life…
Optimas Solutions ranks #20 in the 2020 Big 50 List
Optimas Solutions, a global industrial manufacturer, distributor, and service provider, announced that it has been awarded the number 20 spot on Industrial Distribution’s 2020 Big 50 List. Released in early October, the Big 50 is a prestigious list of industrial suppliers in the U.S. ranked by the previous year’s revenue. As part of the announcement,…
GenNx360 acquires packaging and fastener companies
GenNx360 Capital Partners, a New York City-based private equity firm investing in middle-market business-to-business industrial and business services companies, recently announced the acquisition of B2B Industrial and the assets of AMW Packaging Supply. This is in partnership with the management teams of B2B Industrial Packaging LLC and American Machinery Works, Incorporated. B2B Industrial sells a…
Avantus Aerospace acquires CalScrew
Avantus Aerospace, a global provider of C-Class and Composite parts for the aerospace and defense industry, has announce the acquisition of California Screw Products (CalScrew) in Paramount, California. CalScrew manufactures unique, high-strength fasteners for commercial and military aerospace applications. It has a natural fit with other companies within in the Avantus group — including Fastener…
BBI/Proferred names new sales director
Brighton-Best International (BBI) / Proferred, a distributor of fasteners and hardware, recently announced the appointment of Scott Gibson to the position of Proferred Global Sales and Product Director. The Proferred line offers professional-quality hand tools, consumable, and personal protective equipment. Gibson will direct Proferred’s sales efforts, with a focus on building and drywall customers. He…
Avantus Aerospace acquires Fastener Innovation Technologies
Avantus Aerospace, a global provider of C-Class and Composite parts for the aerospace and defense industry, announced the acquisition of Fastener Innovation Technology Corporation (FIT) in Rancho Dominguez, California. FIT manufactures unique, high-strength specialty fasteners for military and commercial aerospace applications and has a natural fit with other companies in the Avantus group. This includes…