August 22, 2021

Downer & Company Advises Main Street Resources

Boston, MA – August 22, 2021 – Downer & Company, LLC, an international investment banking firm specializing in middle-market cross-border acquisitions and divestitures, is pleased to announce that Main Street Resources has sold Vertex Fasteners to Waltham, MA-based private equity firm, Watermill Ventures, Ltd. Downer & Company acted as sole advisor to Main Street Resources and Vertex Fasteners on this transaction. The terms of the transaction were not announced.

Headquartered in Pawtucket, RI, Vertex Fasteners is a leading North American master distributor of corrosion resistant and metric fasteners. Its extensive product offerings include over 12,000 unique nuts, screws, bolts, washers and rivets. These products are sourced worldwide and sold to over 2,000 companies through 10 distribution centers across the United States. Vertex Fasteners, led by CEO David Hirsch, partnered with Main Street Resources, a CT-based private equity group, in 2002. Together, the two firms pursued an aggressive growth strategy centered around the successful acquisition and integration of West-Spec, a CA-based master distributor of fastener products.

"This mandate was essentially an exercise in finding the right partner to work with Vertex management to achieve the next phase of their growth strategy," said Paul Colone, Vice President with Downer & Company. "Watermill Ventures’ skills and experience enabled them to differentiate themselves in the process and successfully create a partnership with management."

"The management team at Vertex was the absolute key to this process," said Gregory Fanikos, Associate with Downer & Company. "Their professionalism and dedication allowed them to effectively balance this process with driving the business forward and ultimately resulted in a positive outcome for all the parties involved."

About Downer & Company
Since its inception in 1975, Downer & Company, LLC, has gained distinction as a leading middle-market M&A; firm focused on the execution of acquisition and divestiture mandates for international and domestic corporations and private equity firms. Downer & Company is headquartered in Boston, Massachusetts, and has offices in Paris, Dublin, Frankfurt and Sydney. Downer & Company received an award for transacting the “International Cross-Border Deal of 2004” and was recognized as the top Investment Banking Firm of 2003. Downer & Company's corporate headquarters are located at 60 State Street, Boston, MA 02109. For further information, visit www.downer.com

Contact:
Paul Colone
Vice President, Downer & Company
617-482-6200
[email protected]

Posted by Industrial at 08:25 PM | Comments (0)

August 18, 2021

Speedteq-Ti Building Expansion for Fastener Production

PHOENIX, AZ -- (MARKET WIRE) -- 08/18/2005 -- Speedteq-Ti, Inc., a publicly traded company (OTC: SDTQ) and manufacturer of high strength, affordable Titanium fasteners for the motorcycle, automotive and marine after-market. Speedteq-Ti will be expanding its (R&D;) Research & Development facility to help support additional manufacturing needs. "During the Titanium process & product development we have had to make use of some smaller areas, and with the recent changes and new business contracts that will be starting we will need additional space, aprox. 5000 sq. ft., for the new automated 'fastener' production lines," says Bradley Miller, Speedteq-Ti's CEO. "Our goal is to outgrow this newest addition quickly and then continue to expand into our future 'Factory' that is estimated today @ 34,000 sq. ft. This fully automated future location is on our architect's design 'sketch' board at present, and this next building would also serve as World Headquarters for Speedteq-Ti. Speedteq-Ti will also be negotiating with (2) larger Aerospace 'forging' facilities to add some 'large forging' capabilities for forming its high-strength Titaniums into larger shapes for commercial and consumer products. We are trying to create new business and jobs with our technology." Mr. Miller emphasizes that "all" of these production facilities and jobs will stay here in the USA and the only export will be our Speedteq-Ti Titanium products to overseas customers we will serve.

About Speedteq-Ti

Speedteq-Ti is a manufacturer of high strength, affordable titanium fasteners. Speedteq-Ti's fasteners, which include bolts, nuts, socket caps, studs and washers, are made in America. The company has offices and a manufacturing facility in the metropolitan Phoenix, Arizona, area. For more information on Speedteq products and services, visit their website: www.speedteq.com

Special Note Regarding Forward-Looking Statements:

Forward-looking statements in this news release are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that statements in this news release that are not strictly historical statements, including without limitation, management's plans and objectives for future operations and management's assessment of market factors and statements regarding the strategy and plans of the company and its strategic partners, constitute forward-looking statements. These forward-looking statements are not guarantees of the company's future performance and are subject to a number of risks and uncertainties.

Posted by Industrial at 02:13 PM | Comments (0)

August 09, 2021

CDW’s Average Daily Sales Increase 10.1 Percent in July 200

VERNON HILLS, Ill. – August 9, 2021 - CDW Corporation (NASDAQ: CDWC), a leading provider of technology products and services to business, government and education, today announced average daily sales for July 2005 were $25.032 million, an increase of 10.1 percent compared to average daily sales of $22.746 million for July 2004. Total sales for July 2005 were $500.6 million based on 20 billing days compared to total sales for July 2004 of $477.7 million based on 21 billing days.

The corporate and public sector segments both grew in July 2005. Product categories that achieved year-over-year double-digit unit volume growth for the month on an average daily basis included notebook CPUs, desktop CPUs, data storage, software, printers, and video.

The Company plans to announce August 2005 sales on Tuesday, September 13, 2005. August 2004 had 22 billing days and August 2005 will have 23 billing days.

Forward Looking Statement

Any forward-looking statements contained in this release are based on the Company's beliefs and expectations as of the date of this release and are subject to certain risks and uncertainties which may have a significant impact on the Company's business, operating results or financial condition. Should any risk or uncertainty materialize, or should underlying assumptions prove incorrect, actual results or outcomes may vary materially from those described in forward-looking statements. Factors affecting the Company's business and prospects are discussed in the Company's filings with the Securities and Exchange Commission.

About CDW
CDW® (NASDAQ: CDWC), ranked No. 347 on the FORTUNE 500, is a leading provider of technology products and services for business, government and education. CDW is a principal source of technology from top name brands such as Adobe, APC, Apple, Cisco, HP, IBM, Microsoft, Sony, Symantec, Toshiba and ViewSonic.

CDW was founded in 1984 and today employs approximately 4,000 coworkers. In 2004, the company generated sales of $5.7 billion. CDW's direct model offers one-on-one relationships with knowledgeable account managers; purchasing by telephone, fax, the company's award-winning CDW.com web site, customized [email protected]™ extranets, CDWG.com web site and macwarehouse.com web site; custom configured solutions and same day shipping; and pre- and post-sales technical support, with approximately 120 factory-trained and A+ certified technicians on staff.

For more information about CDW: Visit CDW on the Internet at http://www.cdw.com. Contact CDW Investor Relations via the Internet at [email protected] or by telephone at 847-419-6328

Media Inquiries
Gary Ross
847-371-5048
[email protected]

Cindy Klimstra
847-968-0268
[email protected]

Posted by Industrial at 08:15 PM | Comments (0)

August 05, 2021

Watermill Ventures, Ltd. Acquires Vertex Fasteners Inc.

Waltham, MA – August 5, 2021 – Watermill Ventures, Ltd. announced today that, along with management, it has acquired 100% of the shares of PFI LLC, doing business as Vertex Fasteners. Headquartered in Pawtucket, Rhode Island, Vertex Fasteners is one of the largest North American master distributors of industrial fasteners, distributing corrosion resistant and ferrous fastener products, such as bolts, screws, nuts and washers for both the inch and metric dimensions markets as well as a full line of rivets. The company’s products are imported from high-quality manufacturers predominantly in Asia with whom the company has had long standing relationships.

Managing Partner, Steven E. Karol, said, “Vertex Fasteners is an excellent addition to our portfolio companies. The company’s large distribution network, strong market position, long standing relationships, and an exceptional management team are elements to assuring future growth. We look forward to working with David Hirsch, Vertex’s CEO and the management team on the development and implementation of strategies which will enhance customer satisfaction and lead to continued growth.”

Watermill has extensive experience in the manufacturing and distribution industries stemming from its 27 years of strategic, transaction, and operation management of over 50 portfolio companies. Vertex Fasteners’ CEO, David Hirsch, said, "We look forward to working with Watermill Ventures as we continue to excel at customer service and build our distribution network of the highest quality fasteners on the market. Watermill's broad knowledge and expertise should enable us to continue our record of sustained growth.”

About Vertex Fasteners Inc.
Vertex Fasteners is a leading North American Master Distributor of industrial fasteners, headquartered in Pawtucket, RI. The Company’s focus is the distribution of high quality corrosion resistant and ferrous fastener products, such as bolts, screws, nuts, washers and rivets. For more information, please visit Vertex Fasteners’ website, www.vertexfasteners.com

About Watermill Ventures, Ltd.
Watermill Ventures is a private strategic investment firm that focuses on acquiring middle-market companies in which it can add value through strategic and operational guidance as well investment capital. By leveraging 27 years of strategic, transactional and operating experience, Watermill helps its portfolio management teams thrive, to generate extraordinary returns for all stakeholders. Its principals have extensive expertise in manufacturing and value-added distribution, and differentiated services industries. For more information, please visit Watermill’s website, www.watermill.com

Contact:
Benjamin P. Procter, Partner
Watermill Ventures
(781) 891-6660
[email protected]

Downer & Company acted as sole advisor to
Vertex Fasteners Inc. on this transaction.

Posted by Industrial at 08:34 PM | Comments (0)

July 07, 2021

Thomas J. Hansen Elected to CDW Board of Directors

VERNON HILLS, Ill – July 7, 2021 – CDW Corporation (NASDAQ: CDWC), a leading provider of technology products and services to business, government, and education, announced that Thomas J. Hansen was elected to the company’s Board of Directors, effective today, July 7, 2005.

Hansen’s election brings the number of directors on the CDW Board to 11, 10 of whom, including Hansen, are independent directors. Hansen will serve on the Board’s Audit Committee.

“Tom is skilled in creating business opportunities,” said John A. Edwardson, chairman and chief executive officer, CDW. “His experience in joint ventures and acquisitions will be of particular value to CDW as we selectively pursue strategic transactions.”

Hansen is executive vice president of Illinois Tool Works Inc., a FORTUNE 200 diversified manufacturing company that designs and produces an array of highly-engineered fasteners and components, equipment and consumable systems, and specialty products and equipment for customers around the world. He oversees $2.6 billion of ITW’s revenue, including the Automotive, Industrial Plastics & Metals, and Fluids & Electronic Packaging businesses. Prior to this role, Hansen served as president of ITW’s Metal Fasteners and Components Group, a $500 million business. He has made 12 acquisitions during his ITW tenure, which dates back to 1980 when he joined Shakeproof, then the largest division of ITW.

Hansen holds a Bachelor of Science in Marketing degree from Northern Illinois University and a Master of Arts in Business Administration degree from Governors State University.

About CDW
CDW® (NASDAQ: CDWC), ranked No. 347 on the FORTUNE 500, is a leading provider of technology products and services for business, government and education. CDW is a principal source of technology from top name brands such as Adobe, APC, Apple, Cisco, HP, IBM, Microsoft, Sony, Symantec, Toshiba and ViewSonic.

CDW was founded in 1984 and today employs approximately 4,000 coworkers. In 2004, the company generated sales of $5.7 billion. CDW's direct model offers one-on-one relationships with knowledgeable account managers; purchasing by telephone, fax, the company's award-winning CDW.com web site, customized [email protected]™ extranets, CDWG.com web site and macwarehouse.com web site; custom configured solutions and same day shipping; and pre- and post-sales technical support, with approximately 120 factory-trained and A+ certified technicians on staff.

Additional information can be found by visiting CDW.com

Media Inquiries
Gary Ross
847-371-5048
[email protected]

Cindy Klimstra
847-968-0268
[email protected]

Posted by Industrial at 08:05 PM | Comments (0)

April 28, 2022

UK Industrial Fasteners Market Research Report

After researching the UK industrial fasteners market development and taking into account various other factors the following conclusions can be drawn from MBD's report:

Market Review 2000-2004

UK demand for industrial fasteners has fluctuated during the five year review period, with a year of growth followed by a year of reduced demand in each year since 2000. In 2003, sales fell by 2% although this is believed to have been more than offset by a 2% increase in 2004, taking the market to £572.2 million at MSP. Growth has been stimulated by a buoyant construction market, while reduced demand from other enduse sectors such as the automotive industry as well as intense price competition has hindered a more positive development in the market.

Market Forecast 2005-2009

The UK market for industrial fasteners is influenced by the construction sector where further output growth is expected during the next few years. As such, MBD anticipate moderate growth in the fastener sector during the five year the forecast period. Between 2004 and 2009, sales of industrial fasteners are forecast to increase by 2% in real terms. Stronger value growth is expected to be restricted due to increased competition form cheap imports, as well as reduced demand from some enduse industries such as the automotive sector.

Posted by Industrial at 08:53 PM | Comments (0)

March 21, 2022

Brafasco and Unified Business Solutions Recognized for Outstanding Business Achievements

Earns Microsoft Business Solutions Pinnacle Award for Innovation

CHICAGO, IL — March 21, 2022 Brafasco, an industrial supplier of fasteners and safety equipment, was recently honored by Microsoft Business Solutions, a leading provider of integrated business applications, with a 2005 Pinnacle Award for outstanding business achievements. Brafasco received recognition for its Pinnacle Award for Innovation at Convergence 2005, the annual Microsoft Business Solutions customer conference. Brafasco selected Unified Business Solutions, LLC, a Des Plaines, IL. Certified Microsoft Business Solutions Reseller to design and implement a customized solution that would fulfill all of their needs resulting in reduced costs and an enhanced customer support experience for their customers.

Pinnacle Awards, established in 1997, are presented yearly and recognize Microsoft Business Solutions customers that have achieved notable accomplishments with their Microsoft Business Solutions applications.

The 2005 Pinnacle Awards were presented in eight categories: Customer Service, Education, Evangelism, Fast Track, Financial Reporting and Budgeting, Innovation, Teamwork and Overall Excellence.

Microsoft Business Solutions selected Brafasco for the Innovations award because of the creativity, vision, customer service, and the overall benefits that the company has realized because of its Great Plains Enterprise and Supply Chain Management solution implementation.

“Brafasco prides itself on superior customer service, and has a niche market in special orders and custom-made items for specific applications” said Robert San Julian, the company’s President and CEO. “Microsoft Business Solutions and Unified Business Solutions, LLC gave us the ability to provide exemplary customer support while reducing our cost of operations.” Jack Hahn, Brafasco’s Vice President for Information Systems, worked closely with Microsoft Business Solutions and Unified Business Solutions to realize its award-winning solution.

About Brafasco

Founded as a single store in 1966 and currently headquartered in Brampton, Ontario, Brafasco sells fasteners, safety equipment, and other industrial supplies to industry, trade, and maintenance departments. Brafasco also develops and sources hard-to-find products for specific, custom applications. The company just opened a new facility in Chicago as part of a Midwest expansion that will continue throughout 2005. Brafasco employs 200 people at its 24 warehouse stores in North America. More information is at www.brafasco.com

Posted by Industrial at 08:46 PM | Comments (0)

March 10, 2022

Textron Fastening Systems Doubles Size of Wuxi China Facility

Expanded Plant Serves China’s Booming Electronics and Automotive Markets

WUXI, China March 10, 2022 – Textron Fastening Systems Inc., a subsidiary of Textron Inc. (NYSE:TXT), today announced that two years after opening its first production, design and engineering solutions center in China, the company has recently doubled the size of the operation. The Wuxi plant expansion was made to accommodate growing demand for regional supply of engineered fasteners in China’s electronics and automotive industries.

Situated in Jiangsu Province near Shanghai in the heart of China’s booming high-technology sector, Textron Fastening Systems Wuxi Operations will employ 226 people in a 10,700 square-meter facility equipped with advanced assembly and engineering equipment.

“China manufactures more than 40 percent of the consumer electronics products purchased worldwide, leads in computer and mobile phone output,” said Rick Clayton, president of Textron Fastening Systems, at today’s ceremonies dedicating the Wuxi facility. “China also has become the third leading producer of automobiles.

“Our newly expanded Wuxi Operations plant symbolizes our commitment to serving the specialized needs of our customers in these expanding markets. Our regional capabilities are enabling us to build a leadership position in China by providing value-added assembly solutions, reducing lead times and supply chain costs, and adding flexibility to customer production schedules.”

The additional capacity at the Wuxi facility allows production of 200 million engineered fasteners per month for customers in China and for export to foreign markets, said Randy Teo, President, Asia Pacific, for Textron Fastening Systems.

“ Wuxi Operations is the only facility in China that produces both blind and threaded fasteners in one location,” Teo said. “We have added new lines of engineered fasteners for our automotive and construction customers to shorten lead times in these growing market segments,” Teo said.

Headquartered in Troy, Mich., USA, $1.9 billion Textron Fastening Systems Inc. is a leading provider of engineered fastening systems, state-of-the-art assembly technology, and inventory management and applications engineering services. With 10,000 employees worldwide, Textron Fastening Systems supplies value-added fastening products, systems, and services to customers in more than 150 countries.

Textron Inc. is a $10 billion multi-industry company with 44,000 employees in 40 countries. The company leverages its global network of aircraft, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft, Jacobsen, Kautex, Lycoming, E-Z-GO and Greenlee, among others. More information is available at www.textron.com

Forward-looking Information
Certain statements in this report and other oral and written statements made by Textron from time to time are forward-looking statements, including those that discuss strategies, goals, outlook or other non-historical matters; or project revenues, income, returns or other financial measures. These forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements, including the following: [a] the extent to which Textron is able to achieve savings from its restructuring plans; [b] uncertainty in estimating the amount and timing of restructuring charges and related costs; [c] changes in worldwide economic and political conditions that impact interest and foreign exchange rates; [d] the occurrence of work stoppages and strikes at key facilities of Textron or Textron’s customers or suppliers; [e] Textron's ability to perform as anticipated and to control costs under contracts with the U.S. Government; [f] the U.S. Government's ability to unilaterally modify or terminate its contracts with Textron for the Government's convenience or for Textron's failure to perform, to change applicable procurement and accounting policies, and, under certain circumstances, to suspend or debar Textron as a contractor eligible to receive future contract awards; [g] changes in national or international funding priorities and government policies on the export and import of military and commercial products; [h] the adequacy of cost estimates for various customer care programs including servicing warranties; [i] the ability to control costs and successful implementation of various cost reduction programs; [j] the timing of certifications of new aircraft products; [k] the occurrence of slowdowns or downturns in customer markets in which Textron products are sold or supplied or where Textron Financial offers financing; [l] changes in aircraft delivery schedules or cancellation of orders; [m] the impact of changes in tax legislation; [n] the extent to which Textron is able to pass raw material price increases through to customers or offset such price increases by reducing other costs; [o]Textron’s ability to offset, through cost reductions, pricing pressure brought by original equipment manufacturer customers; [p] Textron's ability to realize full value of receivables and investments in securities; [q] the availability and cost of insurance; [r] increases in pension expenses related to lower than expected asset performance or changes in discount rates; [s] Textron Financial’s ability to maintain portfolio credit quality; [t] Textron Financial’s access to debt financing at competitive rates; [u] uncertainty in estimating contingent liabilities and establishing reserves to address such contingencies; [v] performance of acquisitions; and [w] the efficacy of research and development investments to develop new products.

------------------------------------------

Media Contacts:

Timothy Weir
(248) 813-6329
[email protected]

Tim Trainor
(313) 822-4000
[email protected]

Posted by Industrial at 03:23 PM | Comments (0)

February 24, 2022

NYF Corp. Named Authorized Distributor for Shur-Lok

Paramus, New Jersey, February 24, 2022 – Shur-Lok Corporation and Shur-Lok International S.A. have appointed New York Fasteners, Paramus, New Jersey a Full Product Line Authorized Distributorship to stock and promote the sale of Shur-Lok products worldwide.

NYF is a privately owned distributor of commercial and military aerospace, aviation, and industrial components. NYF is a team-based organization focused on the success of its customers which include United Technologies, Raytheon, Northrop Grumman, Honeywell International and Harris Corp

NYF Corp. has developed innovative, data-driven supplier managed inventory programs and supports bin-stocking and other integrated supply initiatives at manufacturing plants across North America and in Europe. Employing 80 people, their talent base includes experts in Lean Manufacturing and Six Sigma. Alignment with its customers' initiatives has helped it to grow and prosper.

NYF has achieved ISO 9001:2000 and AS9100 registration, and their quality systems are recognized by all of its major customers. The company won the 2002 Governor's Award for Performance Excellence, the NJ state equivalent of the National Malcolm Baldrige Quality Award.

Shur-Lok Corporation has been a Leader in Fastener Solutions for 53 years. This leadership position has been achieved not only by engineering fitting solutions to customer problems but by manufacturing quality products backed by unsurpassed technical support. Shur-Lok Corporation is headquartered in Irvine California. Shur-Lok International S.A. is an independent affiliate that was established over 35 years ago in Belgium to service the European Aerospace community. Shur-Lok is ISO9001:2000, AS9100 and NADCAP for various processes.

Shur-Lok's Authorized Stocking Distributor network was established in 1983 to service airline customers, aftermarket customers, and select OEMs. The network presently includes: Aero Hardware, Anixter Pentacon, Honeywell HPG, M&M; Aerospace, NYF Corp, Satair, TPS Aviation, Wesco Aircraft and WG Henschen. For more information go to www.shur-lok.com.

CONTACT:
Margery Rothenberg
Director of Communications
NYF Corp.
Phone: 1.800.631.1993 x1064
[email protected]

Posted by Industrial at 02:40 PM | Comments (0)

February 10, 2022

Fastener Tradeshow June 6-9, 2005 - Chicago

Fastener Tradeshow June 6-9, 2005 at Douglas E. Stephens Convention Center located in Rosemont, Illinois

The event will feature the first time collocation of two long-standing events: IFFI 2005, Industrial Fastener and Forming International and the Mid-West Fastener Expo.

IFFI and Fastener Week is sponsored and organized by the Industrial Fasteners Institute (IFI) and the International Fastener Machinery Association (IFMA) and Co-sponsored by Fastener Technology International.

The show is targeted at manufacturers of fasteners and precision-formed parts. IFFI provides technology and manufacturing solutions to fastener and precision-formed parts manufacturers through its comprehensive educational program and through the resource of hundreds suppliers exhibiting equipment, products and services for manufacturers. Fastener Technology International Magazine, event co-sponsor, will present the educational program consisting of both technical and management tracks. Topics address critical issues faced by manufacturers.

The Mid-West Fastener Expo, an event targeted at predominately fastener distributors, is organized by the Mid-West Fastener Association. The Expo provides exhibits by manufacturers, importers and master distributors exhibits as well as programs and events appealing to industry’s distributors. Joining the mix during the week will be programs and events sponsored and run by the National Fastener Distributors Association (NFDA), the Los Angeles Fastener Association (LAFA) and the Fastener Industry Coalition (FIC) with educational programs by Fastener Industry News (FIN) and Fastener Technology International.

Fastener Week also enjoys the cooperative support of National Fastener Distributor Association (NFDA), the Los Angeles Fastener Association (LAFA) and Fastener Industry News (FIN)

IFFI–Industrial Fastener & Forming International
co-located with—Mid-West Fastener Expo
June 6-9, 2005 / Donald E. Stephens Convention Center (Rosemont) Chicago, Illinois USA

Posted by Industrial at 10:27 AM | Comments (0)

January 25, 2022

Spiralock Fasteners Make Descent to Saturn’s Largest Moon

Alternative industrial fastener design lends fail-safe fastening performance to the Huygens probe in its descent to the surface of Titan, Saturn’s largest moon.

(PRWEB) January 25, 2022 -- After a seven-year, two billion mile journey strapped to the side of the Cassini orbiter, the Huygens probe decelerated 12,000 mph in less than two minutes, before parachuting to the frozen surface of Titan, Saturn’s largest moon, on Jan. 14th this year where it was to measure wind, pressure, temperature, and electromagnetic fields as well as take photos of the surface.

For fail-safe atmospheric measurement of both Saturn from the Cassini orbiter and of Titan from the Huygens probe, several hundred bolt fasteners have had to keep vacuum-tight sealed cavities with no thread loosening or stripping, despite shock, vibration, and temperature extremes including rocket launch, atmospheric re-entry, and the sub-zero chill of space.

Although your product may not travel the same distance as the Cassini-Huygens spacecraft in its exploration of Saturn and its moons, it must function in your marketplace with minimal failure, since your brand’s reputation and future sales depend on its reliability. Yet your product’s underlying reliability depends on how well it is physically held together by fasteners – such as nuts and bolts - which may loosen or fail under shock, vibration, or extreme temperature even if it’s not hurtling through space.

Though some earthbound manufacturers resort to adhesives, deformed threads, nylon rings, prevailing torque nuts, and other traditional means of preventing joint loosening, these methods simply don’t measure up in high load, shock, and vibration environments experienced by an industrial fastener, particularly when resistance to thermal expansion and contraction is also necessary.

“To survive the vibration and high temperatures of launch, we required the most reliable locking engagement thread,” said Dan Harpold, a NASA scientist who worked on the project. “Screws had to remain tight without opportunity for re-tightening. With conventional threading, however, screws loosened up and backed out under testing.”

In an effort to satisfy NASA’s stringent reliability requirements on the Cassini orbiter and the European Space Agency’s on the Huygens probe, an alternative thread form designed to address the problems associated with traditional fasteners was used.

With no ability to tighten or replace loose or stripped fasteners after launch, the chosen thread form, by Madison Heights, Mich.-based Spiralock Corp., would have to hold until mission completion. What makes the Spiralock thread form unique is a 30º “wedge” ramp cut at the root of the female thread. Under clamp load, the crests of the threads on any standard male bolt are drawn tightly against the wedge ramp. This not only eliminates sideways motion that causes vibrational loosening but also distributes the threaded joint’s load throughout all engaged threads, a claim supported by a research study conducted by the MIT.

In other studies, the Spiralock thread form’s load percentage on the first engaged thread was significantly lower than standard thread forms, which further reduces possible bolt failure. The thread form also allows for thermal expansion and contraction without slippage.

NASA conducted a number of tests including a series of about twelve high-temperature “bake outs,” where screws and their matching internal thread forms were heated from room temperature to 300° C to simulate temperature-induced thread loosening. According to Harpold, the fasteners held up.

“The Spiralock thread form retained a tight seal at 300° C,” says Harpold. “Once torqued down properly, the screws stayed put in the threads, which helped us meet our flight schedule. To date, not one has come loose that I’m aware of.”

Visit www.spiralock.com for more information.

Posted by Industrial at 11:14 PM | Comments (0)

January 18, 2022

WG Henschen Co. appointed a Shur-Lok full product line authorized stocking distributor & McKinnon Tools distributor

January 18, 2022 -- Shur-Lok Corporation and Shur-Lok International S.A. appointed WG Henschen, Scottsdale, Arizona to a Full Product Line distributor to stock and promote the sale of Shur-Lok products worldwide.

WG Henschen has been a product line distributor for Shur-Lok Ring Locked products since 2002 and has been instrumental in establishing Shur-Lok as the preferred source for Ring Locked Fluid Fittings and Ring Locked Studs & Inserts. WG Henschen has also been the authorized distributor for McKinnon Tools since 2002

The full product line authorization entitles WG Henschen to stock and promote the sale of Shur-Lok inserts for sandwich structure, Barrel Nuts & Retainers, Bearing Locknuts and Isolator Mounts in addition to the Ring Locked products.
The present company is the result of the strategic integration of Millipart Fasteners, Aerofast Ltd and WG Henschen, already a leader in the industry for over 20 years. The merging of these distributor specialists resulted in an organization that is a top contender in the aerospace hardware industry today.
For more information go to www.wghco.com.

Shur-Lok Corporation has been a Leader in Fastener Solutions for 53 years. This leadership position has been achieved not only by engineering fitting solutions to customer problems but by manufacturing quality products backed by unsurpassed technical support. Shur-Lok Corporation is headquartered in Irvine California. Shur-Lok International S.A. is an independent affiliate that was established over 35 years ago in Belgium to service the European Aerospace community. Shur-Lok is ISO9001:2000, AS9100 and NADCAP for various processes.

Shur-Lok's Authorized Stocking Distributor network was established in 1983 to service airline customers, aftermarket customers, and select OEMs. The network presently includes: Aero Hardware, Anixter Pentacon, Honeywell HPG, M&M; Aerospace, NYF Corp, Satair, TPS Aviation, Wesco Aircraft and WG Henschen. For more information go to Shur-Lok's website at: www.shur-lok.com

Posted by Industrial at 02:46 PM | Comments (0)

ANIXTER PENTACON APPOINTED A SHUR-LOK AUTHORIZED STOCKING DISTRIBUTOR

January 18, 2022 -- Shur-Lok Corporation and Shur-Lok International S.A. appointed Anixter Pentacon, headquartered in Chatsworth, California, an Authorized Distributorship to stock and promote the sale of Shur-Lok products worldwide.

Anixter Pentacon is a Division Anixter Inc, the leading global distributor of wire, cable, communications connectivity products, and "C" Class inventory components with annual revenues of $2.6 billion. Anixter adds value to the distribution process through its cost reducing supply chain services, $500 million in inventory of more than 185,000 products, logistics network of 164 warehouses with more than 4.6 million square feet of space, and its presence in 193 cities in 40 countries. Founded in 1957, Anixter is a Fortune 500 company that trades on The New York Stock Exchange under the symbol AXE

Anixter Pentacon services the requirements of many of the worlds leading aerospace manufacturers. General Electric, Boeing, Lockheed Martin, and Raytheon are among the many companies utilizing the integrated supply chain services of Anixter Pentacon.

Anixter Pentacon’s Mission is to provide Best-In-Class products and integrated supply chain services to Original Equipment Manufacturers through tailored solutions, commitment to service excellence, continuous improvement, and a proven track record to lower total supply chain costs and continually improve operating efficiencies.

Anixter Pentacon was formed as the result of a strategic integration of seven legacy distributors; Alatec Products, Adams Supply, Aerospace Supply, Barco Aviation, Paschall International, Pollard Aviation, and Texas International Aviation. They are specifically focused to meet the dynamic needs of the aerospace, airline and defense industry, representing over 100 leading manufacturers of quality products and backed by decades of knowledge and superior customer service. They offer their customers a broad inventory consisting of over 125,000 different sku's of AN, MS, NAS, MIL, and BAC approved components.

Anixter Pentacon's quality system is registered to international quality standard ISO9001:2000 and AS9100. Additionally, they are NADCAP Level C certified, comply with FAA AC00-56, and are Boeing D1-4426 approved to supply a variety of manufacturers products. They are also listed on the Government's Qualified Suppliers List for Distributors (QSLD).

Shur-Lok Corporation has been a Leader in Fastener Solutions for 50 years. This leadership position has been achieved not only by engineering fitting solutions to customer problems but by manufacturing quality products on-time, backed by unsurpassed technical support. Shur-Lok Corporation is headquartered in Irvine California, close to John Wayne Orange County Airport. Shur-Lok International S.A. is an independent affiliate that was established over 30 years ago in Belgium to service the European Aerospace community, adding to the proud Shur-Lok heritage of exceptional support extending from product design through application maturity. Shur-Lok is ISO 9001 and D1-9000 approved.
Shur-Lok's Authorized Stocking Distributor network was established in 1983 to service airline customers, aftermarket customers, and select OEMs. The network presently includes: Aero Hardware, Anixter Pentacon, Honeywell HPG, M&M; Aerospace, Satair, TPS Aviation, and Wesco Aircraft, WG Henschen. For more information consult Shur-Lok's website at: www.shur-lok.com

Posted by Industrial at 02:44 PM | Comments (0)

December 23, 2021

Textron Fastening Systems Expands Technology Offering With Global Launch of Intelligent Fastening

- Proprietary System Marketed Under Intevia™ Brand Name
- Expected to be Major Contributor to New Product Revenues

Troy, Mich., Dec. 23, 2004 – Textron Fastening Systems Inc., a subsidiary of Textron Inc. (NYSE:TXT), today announced that it has signed a technology and partnership agreement with Telezygology Inc. (TZ), a wholly owned subsidiary of TZ Limited (ASX: TZL) for exclusive global rights to develop, commercialize and manufacture products using proprietary intelligent fastening technology developed by TZ.

Fastening Systems will market the intelligent fastening systems and products under the Intevia™ brand name.

Equipped with embedded microprocessors remotely controlled by intelligent tools, Intevia™ intelligent fasteners represent an all new approach to assembly technology. Customized software systems can control, manage, diagnose, and document each fastener process and total lifecycles

“Intevia™ intelligent fastening represents the future of fastening, and is the centerpiece of a series of new value-added systems and technologies we are introducing to change the ways products are assembled, maintained, serviced, and recycled,” said Rick Clayton, president of Textron Fastening Systems. “We expect more than a quarter of future Textron Fastening Systems revenues to be generated by Intevia™ and the other new products and technologies being launched.”

“Intevia™ symbolizes the technological leadership and advanced assembly solutions we bring to customers,” Clayton added. “Our testing and validation of Intevia™ systems for global aerospace and security markets are nearing completion. We are on target to announce these applications during 2005, and follow them with applications in defense and other markets.”

Intevia™ Global Exclusivity Agreement
Textron Fastening Systems and TZ began working together 15 months ago to develop automotive and aerospace applications for intelligent fastening. Their new contract gives Textron Fastening Systems exclusive rights to market Intevia™ in all global markets.

Textron Fastening Systems is paying TZ an up-front $10 million license fee, and additionally will compensate TZ through royalties derived from sales of Intevia™ products. In addition, TZ has offered Textron Fastening Systems Inc. an option to purchase up to 20 percent of TZ shares, or under certain circumstances the shares of TZ affiliates, under terms and conditions to be agreed upon.

“This agreement with Textron Fastening Systems represents a major milestone for intelligent fastening technology and the growth of our company,” said Chris Kelliher, chief executive officer of TZ.

“We began development of intelligent fastening five years ago and since then have progressively built on those initial concepts to the point where we can deliver commercial applications. Starting today we are partnering with one of the world’s leading fastening firms to bring this all new way to design, assemble, and service products to global manufacturers.

“Our mutual goal is to establish Intevia™ intelligent fastening as the standard worldwide operating system for a new era of design and assembly technology. Textron Fastening Systems has the global presence, technology resources, and sales and marketing network to help make this a reality within a few years,” said Kelliher.

TZ recently established its corporate headquarters in Chicago, Ill. Its parent company, TZ Limited, is headquartered in Sydney, Australia. A leader in development of intelligent fastening and assembly technology, TZ’s core activity is licensing intellectual property and operating software, along with application engineering and technology development services to global manufacturers.

For more information about Intevia™ intelligent fastening technology, call Textron Fastening Systems at (800) 544-6117 in the U.S. and Canada, and international at (815) 961-5300; or e-mail: [email protected]

Headquartered in Troy, Mich., Textron Fastening Systems Inc. is a leading provider of engineered fastening systems, state-of-the-art assembly technology, and inventory management and applications engineering services. With 10,000 employees worldwide, Textron Fastening Systems supplies value-added fastening products, systems, and services to customers in more than 150 countries.

Textron Inc. (NYSE:TXT) is a $10 billion multi-industry company with more than 43,000 employees in nearly 40 countries. The company leverages its global network of aircraft, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft, Kautex, Lycoming, E-Z-GO and Greenlee, among others. More information is available at www.textron.com

Posted by Industrial at 03:33 PM | Comments (0)