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UPDATED: Cromwell Tools confirms restructuring & 200 jobs may be lost
Cromwell Tools jobs are at risk as the firm restructures, with a number of roles at its Leicestershire sites now in consultation
DIY/home improvement market rises 1.1% to €594 billion
The globe's DIY market value has grown again, by 1.1% to €594 billion, with North America and Europe continuing to dominate
Zero-carbon steel in European green deal
Zero carbon steel produced in the EU is on the agenda in the European Commission's Green Deal. The European steel association has broadly backed the move
Tamar Trading, Toolfix & Blanchards win Toolbank's Real Deals for You competition
Toolbank announces the winners of its 2019 Real Deals for You competition which include Tamar Trading, Toolfix and Blanchards.
SPE Offshore Europe: Industry tackles new tech, new practices and low carbon
A low carbon future is one of the challenges for the offshore sector. Torque looks at the latest SPE Offshore Europe for the trends and views
Bossard increases stake in Torp Fasteners to 100%
The Bossard Group has increased its majority stake in Torp Fasteners, a specialist in high-quality engineered fastening solutions, from 60% to 100%.
Optimas brings in trio of industry veterans to leadership team, including ex-Wurth & GenFast execs
Optimas Solutions has appointed 3 execs to the company’s leadership team. The industry veterans will focus on business growth and organisational strategy
$1.5 billion CAM acquisition to strengthen Stanley Engineered Fastening business
Stanley has acquired CAM (Consolidated Aerospace Manufacturing LLC) for up to $1.5 billion, joining the Stanley Engineered Fastening
Industrial fasteners market to hit $109.61 billion by 2025; automotive dominates while plastic grows
The global industrial fasteners market is expected to reach $109.61 billion by 2025, with automotive sector and the non-threaded fasteners lead growth
Zoro increases revenue by 75% and grows business customer base
Engineering sector supplier Zoro UK increased its revenue by more than 75% during 2019, delivering over 360,000 items throughout the year.