Compiled by Fastener World

五金產業新聞World News
Industry Development
Alacero: CBAM May Raise Steel Trade
Tensions & Prices in 'Inevitable' Greening
Process
拉美鋼鐵製造商協會：
CBAM可能增加鋼鐵貿
易緊張局勢並抬高價格
CBAM risks heightening
tensions in steel trade with Latin America, Alejandro Wagner,
executive director of Latin American Steelmakers' Association(Alacero), said in an interview with S&P Global Commodity Insights.
CBAM could further encourage steel imports into Latin America due totrade diversion from other regions impacted by the new environmental
barrier, in particular China, Wagner said. The Asian giant may havealready boosted steel exports to Latin America last year.

Hardware & Fastener Components - no.61/2024

Steel prices may also rise in some regions, particularly in theEU, as markets become more protected and the costs related todecarbonization and CBAM-related bureaucracies grow.
Adaption to CBAM rules may be a challenge, according to Wagner,even though Alacero and worldsteel data shows Latin America's highpercentage of renewable energy in its electricity matrix means its
overall carbon emissions in steel are lower than the world average. In
Latin America, each metric ton of steel produced emits an average of
1.6 mt of CO2, while the world average is 1.9 mt.
Mills in some parts of Latin America could find new export
opportunities in Mexico and the US. Mexico's steel production anddemand are growing due to nearshoring projects being undertaken with
the US, where steel markets are more competitive, Wagner said.

Germany's Supporting Measures Not
Ready While CBAM is in Pilot Phase
CBAM試行，德國配套措施還沒譜
Handelsblatt reported on September 28, 2023 that "there is still noconsensus within the German government as to whether CBAM should
be administered by the German Customs Service (under the Federal
Ministry of Finance) or the Carbon Emissions Trading Authority (under
the Federal Ministry of Economics)". Volker Treier, head of foreign
trade at the German Chamber of Industry and Commerce, said that"affected companies are still trying to understand the complicated rules
and to inform foreign exporters of the information they should submit."

070 惠達雜誌The situation is confusing because companies have nosolutions for their questions. In addition, Dirk Jandura,
president of BGA, pointed out that importers have to rely
on foreign manufacturers to provide information on the
carbon footprint of their products, but the information may
not be easy to obtain, and even if it is obtained, there isa lack of experts in the field to certify the reliability andvalidity of the information, and there are loopholes in thereliability and validity of the information.
On the other hand, although European manufacturers
participating in the international market have alreadyreceived free emission certificates, the number ofcertificates is not enough to eliminate the cost of CO2
emissions in the entire production process due to thenature of the policy and can only partially reduce thecost of CO2 emissions. In the future, when CBAM fully
replaces the free quota, manufacturers will have to bear
the full cost of carbon emissions, which will reduce theirinternational competitiveness. The question of how tocompensate companies in order to maintain international
competitiveness is still under discussion.
The EU plans to ensure the export competitiveness ofEuropean companies through international collaboratin
and a comprehensive multilateral climate agreement. To
this end, German Chancellor Olaf Scholz has promoted
the establishment of a "Climate Club" at the G7 summit in
the hope of reaching a unified price agreement for carbon
dioxide, but it is still far from being achieved. Carsten
Rolle of BDI criticized that the implementation of CBAM
is imminent, but the EU's complementary measures toprotect companies' exports are still far from being realized.

Hardware & Fastener Components World News >>Turkey Could be One of
the Countries Most Hit
by CBAM
土耳其可能是受CBAM影響最甚國
家之一
Hurriyet Daily News reported that Ankara
Chamber of Industry (ASO) Chairman Seyit said
that Turkey will probably be one of the countries most hit by CBAM.
The chairman said that Turkey cannot afford to miss this green
transformation and the delay will be costly.
The Chairman said that from an economic point of view, the carbon
tax is expected to cost Turkey more than 60 billion dollars by 2040.
He said Turkey's non-participation in the India-Middle East-Europe
Corridor (IMEC) program was a loss and emphasized that Turkey had
not benefited enough from China's Belt and Road Initiative (BRI).
Easier and cheaper access to the Middle East and European markets by
India and China means increased competition for Turkey in the near
future.

Companies Development
Stanley Black & Decker Announces
Agreement to Sell Attachment Tools
Business
Stanley Black & Decker 宣布出售連接工具事業部門

Rusakov is a proven aerospace industry veteran, with morethan 25 years of experience leading global manufacturingbusinesses in the aerospace, commercial transportation andrelated sectors. In his most recent role, Rusakov worked
at Howmet Aerospace, formerly a division of Arconic andAlcoa, where he served as President of Howmet’s Fastening
Systems business. Prior to this role, he held the position ofChief Operating Officer, Engineered Products and Solutions
Group at Arconic, where he was responsible for managing
the global operations of fasteners, forgings, extrusions
and other components, for both aerospace and commercial
customers worldwide. Rusakov also held multiple
operational and leadership roles of increasing responsibility
during his tenure at Alcoa, focused on operational excellence
and lean manufacturing. His career in the fasteners industry
began when he joined Fairchild Fasteners' continuous
improvement organization, and earlier in his career, Rusakov
held consulting roles with Bain & Company.
"I am very pleased to welcome Vitaliy Rusakov to the
TriMas leadership team, as our new President of TriMas
Aerospace," said Amato. "He has incredible experience anda remarkable track record of fostering growth and enhancing
performance within the aerospace industry. We believe hisbackground will be instrumental in propelling the growth of
TriMas Aerospace."

Intelivation Technologies Expands
into New Markets After Successof Golden Isles Pedicle Screw
System™
Golden Isles Pedicle螺絲取得成功，Intelivation
Technologies公司進軍新市場

Hardware & Fastener Components - no.61/2024

Stanley Black & Decker announced it has entered into a definitive
agreement to sell STANLEY Infrastructure ("Infrastructure"), theCompany's attachment and handheld hydraulic tools business, to
Epiroc AB for US$760 million in cash.
Donald Allan, Jr., Stanley Black & Decker's President & CEO,stated, "The sale of Infrastructure demonstrates our commitment tomaximizing shareholder value through active portfolio management.
Simplification is a core tenet of our strategic transformation, andthis transaction will help further sharpen our focus on value creation
opportunities in our core businesses while supporting our capital
allocation priorities. I am confident that Infrastructure is positioned fora future of innovation and growth with Epiroc and would like to thankall our team members for their valuable contributions over the years."

TriMas Announces New President of Its
TriMas Aerospace Group
TriMas公司宣布航太事業新總裁上任
TriMas announced theappointment of Vitaliy
Rusakov as Presidentof TriMas Aerospace,effective November 13,
2023. He will report directly to TriMas President and Chief Executive
Officer Thomas Amato.

072 惠達雜誌Intelivation Technologies, a medical device company witha cutting-edge orthopedic and spine portfolio announced
that it is expanding into new markets with its Golden Isles
Pedicle Screw System™. The comprehensive system
features multiple
options for surgicalpreferences.
President Amit
Sinha remarked,“Golden Isles
Pedicle Screw System™ has been a tremendous successfor Intelivation. The feedback has been overwhelmingly
positive, not only from its ease of use due to its simplified
instrumentation and modularity but most importantly, theclinical results and feedback have been equally convincing.”
Dr. Raymond Topp, of Topp Spine and Orthopedics
added, “I have been using both the open and minimallyinvasive screws in my practice since the launch. I haveseen great results with respect to fusion as evidenced onradiographs. The Golden Isles Pedicle Screw System™
modular design enables me to make on-the-spot
intraoperative decisions to most efficiently address patients’clinical needs more than any system I have previously used.”
After the early success in the beta launch, Intelivation plans
to expand to new geographical markets.

Hardware & Fastener Components World News >>Brighton-Best, Parker Fasteners
Announce Strategic Partnership

Solon Manufacturing Company
Celebrating 75 Years in Business

Brighton-Best International與Parker Fasteners宣佈結成戰略夥伴Solon Manufacturing歡慶成立75周年

Brighton-Best International and Parker Fasteners
announced the formation of a strategic partnership, starting in
2024, on Oct. 10. This partnership is likely to revolutionize
the fastener industry by having quicker lead times.
Parker Fasteners, a manufacturer with a strong footholdin the U.S. domestic market, has been operational for over a
decade and has earned a reputation for being customer-centric.
Brighton-Best International has been in business for nearly
100 years and is known for nationally high levels of stock.
The agreement will focus on promoting the expansionof BBI’s stainless steel lines. The partnership is expected
to support distributor companies to expand their reach andincrease their revenue and product offering of stainless steel.

MPE Partners Announces Investment
in Mid-States Bolt & Screw Co.
私募資產公司MPE Partners宣布投資Mid-States Bolt
& Screw公司

Hardware & Fastener Components - no.61/2024

MPE Partners
announced
Oct. 19, 2023
an investment
in Mid-States
Bolt & Screw
Co., a value-added distributor of fasteners and MRO products
serving a diverse range of end markets. MPE's investment
positions Mid-States for accelerated growth while supporting
the Company as an industry leader, an employer of choice,and a strategic partner for its customers.

074

MPE partnered in the transaction with the Somers family,
who founded Mid-States more than 50 years ago. Scott
Somers, President of Mid-States, said, "On behalf of myfamily, we are excited to partner with MPE. Since my father'sfounding of the business over 50 years ago, Mid-States has
continued to drive success through our dedication to excellent
customer service. We are excited to work with the MPE teamto maintain this tradition while pursuing the Company's next
phase of growth."
Graham Schena, Partner at MPE, said, "We are looking
forward to partnering with the Somers family and the restof the Mid-States team to accelerate the Company's growththrough continued customer service and product availability,
as well as organic and inorganic geographic expansion."
Nick Stender, Principal at MPE, added, "The Somers family
has built Mid-States into a world-class distributor over the
past several decades. We look forward to helping MidStates accelerate its growth while maintaining the culture
and tradition of excellence that has made the Company sosuccessful to date."惠達雜誌

Solon Manufacturing Company, apremier designer and manufacturerof Belleville spring washers, is proud
to announce the celebration of its 75year anniversary. Since its inception
in 1949, Solon Manufacturing Co. has been
dedicated to excellence, innovation, and customer satisfaction, and thismilestone marks a momentous journey of growth and success.
From humble beginnings— four college friends in a 3,000 sq. footgarage in Solon, Ohio, culminating in a move to a 30,000 sq. footfacility just north of the famous Chardon Square in the center of thestates' snowbelt. “Celebrating our 75th anniversary is a wonderful
opportunity to appreciate our history and how far we’ve come,” said
company CEO, Diane Popovich, “Solon has enjoyed significant growthsince the early days. Our 50 team members and their commitment toour core values is a testament to our culture— where our customers are
the final and most important beneficiaries of outstanding teamwork.”
Solon Manufacturing Co. continues to thrive on the ideals of its
founders—refreshing industrialism through creative problem-solving
and collaboration across its engineering and manufacturing teams—
which makes Solon Manufacturing Co. a recognized name in fastening
solutions across many industries. Customers have come to depend on
Solon for reliability alongside its projects when it comes to uniqueindustrial bolting applications.
Through a shared corporate core focus of ‘we make bolting
better®’, the Solon team remains steadfast in exploring new ways tocontinuously improve product manufacturability and quality, while
enhancing the customer experience.
“We are grateful to our customers, suppliers, and employees forthe confidence they have placed in us for the past 75 years. They haveestablished the foundation that positioned us for growth and keep us
striving for excellence as we look ahead to the next 75 years,” said
Popovich.
Solon’s Belleville washer products are high-performing conicalshaped springs that deflect at a given rate, serving as the cornerstonesolution for applications subjected to heavy vibrations, cryogenic
processes and extreme temperature cycling found in industries fromenergy to aerospace.

Jeffrey F. Koehl Appointed Chairman of
SPIROL International Holding Corporation
Jeffrey F. Koehl獲指派為SPIROL International Holding
Corporation新任主席
SPIROL International Holding Corporation Board of Directors
announces the unanimous decision to appoint Jeffrey F. Koehl as
Chairman of SPIROL International Holding Corporation. Jeff joined
the company in 1997, and has been serving as Chairman and Chief
Executive Officer of SPIROL International Corporation since his
appointment in 2010.
Jeff succeeds his father, Hans H. Koehl, who passed away on
November 30, 2023. Serving as Chairman of SPIROL International
Holding Corporation since his appointment in 1969, Hans retired
from active management of the company in 2004 after 45 of dedicatedservice. Hans’ vision, dedication, and passion led to the transformation

Hardware & Fastener Components World News >>"The Gilbert & Jones acquisition aligns perfectly with our long-term growthstrategy and allows us to further diversify our product offerings and expand ourreach into new markets. Together, we will capitalize on our collective strengths
and capabilities to provide unparalleled service and solutions to our customers.
We are excited to welcome the Gilbert & Jones team to the Shrieve family andare looking forward to our combined success," commented George Fuller, CEOof Shrieve.
Gilbert & Jones Founder and CEO, George Gilbert, added, "Joining forces
with Shrieve represents an exciting chapter for Gilbert & Jones. We have always
been dedicated to delivering high quality products and services to our customers.
With the support and resources of Shrieve, the existing G&J team is confident
that we can take our long history of exceptional service and innovation to thenext level."

Snap-on Acquires Mountz, Inc.
Snap-on併購Mountz, Inc.

of SPIROL from being a small, family-owned
business in Northeast Connecticut into a worldrenowned manufacturing company with locations
on 4 continents and in 13 countries.
Jeff earned his bachelor’s degree in biomedical
engineering from Brown University, and his MBAfrom Boston College. He has over 26 years ofexperience at SPIROL and has held a numberof leadership positions prior to being appointed
Chairman and CEO of SPIROL International
Corp. Under Jeff’s direction, SPIROL has
achieved profound success and growth including
the establishment of numerous wholly-owned
subsidiaries as well as the recent acquisition ofFord Aerospace in South Shields, England.

Hardware & Fastener Components - no.61/2024

Acquisitions
Shrieve Chemical Acquires
Gilbert & Jones
Shrieve Chemical併購金屬表面處理藥劑廠
Gilbert & Jones公司

Shrieve Chemical Company ("Shrieve"), a
portfolio company of Gemspring Capital anda leading, value-added chemicals distributor,
announced that it has acquired Gilbert & Jones("G&J"), a premiere distributor of industrial
chemicals throughout North America. Basedin New Britain, Connecticut, Gilbert & Jonesdelivers a broad product offering to customers
across a range of industries and applications,
including aerospace, water treatment, fasteners,
automotive, electronics, and other industries.

076 惠達雜誌Snap-on Incorporated, a leading global
innovator, manufacturer and marketerof tools, equipment, diagnostics, repair information, and systems solutions for
professional users performing critical tasks, announced that it acquired Mountz,
Inc. (“Mountz”) for approximately US$40 million in cash on November 1, 2023.
Based in San Jose, California, Mountz is a leading developer, manufacturer,
and marketer of high-precision torque tools, including measurement, calibration,and documentation products. The acquisition of Mountz complements andexpands Snap-on’s torque offerings to customers in a variety of industries
including aerospace, transportation, and advanced manufacturing. Applications
range from assembly of electric vehicle batteries to production of charging
infrastructure to fabrication of microelectronic componentry, including chips.
Mountz will be part of the company’s Commercial & Industrial Group.

PennEngineering®
Acquires Sherex
Fastening Solutions
PennEngineering®併購Sherex Fastening Solutions
PennEngineering® announced the acquisition of Sherex® Fastening Solutions,a global leader in the design, manufacturing, and installation of blind rivet nuts
and associated fastening solutions.
Headquartered in Buffalo, New York, Sherex is a premier technical providerof blind rivet nuts, with strong application expertise, and production capabilities
worldwide. Sherex has achieved an impressive growth trajectory and continues
to grow through technical solutions selling, providing best total installed cost
solutions along with industry-leading rivet nut capabilities.
“When combined with our ATLAS® rivet nut brand, the Sherex acquisition
positions the company to be the premier provider of rivet nuts worldwide. We are
extremely excited to be bringing the expertise of Sherex to the PennEngineering®
family,” said Pete George, CEO. “Their entrepreneurial spirit and technicalacumen, combined with our ATLAS product line and broader PennEngineering
capabilities, will strengthen our ability to quickly deliver innovative, high-quality
fastening solutions to our customers around the globe.”
According to Sherex President, Adam Pratt, “teaming up with PennEngineering
allows Sherex to provide our customers with additional global manufacturing
capability to meet their demands around the world. Our long-standing customer
relationships, combined with the reputation and history of PennEngineering willallow us to continue to provide enhanced value to our customers.”
Adam Pratt will assume the role of President of Sherex and ATLAS, reporting
to Pete George, CEO of PennEngineering. Alex Hsiao will continue as General
Manager, Sherex Taiwan.

Hardware & Fastener Components World News >>Auveco Expands Presencewith Acquisition of
ClipLizard Systems
Auveco收購ClipLizard Systems擴大業務範圍

Auveco, a leading force in the automotive
fastener and body hardware aftermarket,
proudly announces its recent acquisition of
ClipLizard Systems, headquartered in Spencer,
IN. This strategic move solidifies Auveco's
position in the Collision and Paint, Body, andEquipment (PBE) markets.

specializing in A2, A4 and other high grade corrosion
resistant stainless steel products.
PMJ-tec, founded in 1975, has its main office andfactory in Switzerland and warehouses as well as sales
offices in Germany and the Netherlands. Its products,
including bi-metal fasteners, carbon steel fasteners
and drainage pipe couplers, are engineered with over 45 years of expertise in theconstruction fastener industry and manufactured in compliance with rigorous internaland external standards.
“PMJ-tec is known not only for its superior quality products, but also for its
commitment to the clients and service as well as innovation-oriented culture, all ofwhich makes it a perfect match for Simpson Strong-Tie. This acquisition introduces
bi-metal fasteners to our product portfolio, which is of great strategic importance tous”, explains Fabio Di Clemente, Director EU Strategy at Simpson Strong-Tie.

ClipLizard Systems, recognized for its
innovation and commitment to quality,
specializes in sourcing and distributing
automotive clips and fasteners to PBE
distributors. Their licensed software solution,
Materials Manager, enhances PBE inventory
management. The successful transaction,
finalized on November 1st last year, marks apivotal moment for both companies.
Auveco CEO, Jeff Gilkinson, expressed
enthusiasm, stating, "The partnership with
ClipLizard aligns seamlessly with our valuesof innovation and exceptional service.
This strategic fit will bolster our ability toserve customers across North America."
Ray Wilhoite, CEO of ClipLizard, echoed
this sentiment, saying, "Joining forces with
Auveco allows us to combine our strengths,
offering an enhanced product and service
portfolio to our channel partners."
The collaboration opens new channels
to market for both Auveco and ClipLizard,
providing access to a broader productportfolio. The companies foresee increased
opportunities for new product introductions byleveraging core best practices.
Hardware & Fastener Components - no61/2024

Founded in 1916, Auveco has grown tobecome a predominant provider of automotive
fasteners, serving thousands of wholesale
distribution customers. ClipLizard, founded in2003 by Ray Wilhoite, has developed a loyal
following through its extensive portfolio of
specialty clips and fasteners, catering to theneeds of body shops.

Simpson Strong-Tie Has
Acquired PMJ-tec in
Switzerland
Simpson Strong-Tie併購瑞士PMJ-tec
Simpson Strong-Tie, the leader inengineered structural connectors and building
solutions, has acquired PMJ-tec, a Swissroofing and facade fastener manufacturer
惠達雜誌077