4/1/2015 6:58:00 PM
HEADLINES
SHORTTAKES: Falcon Fastening Solutions, Hillman, Interstate Threaded Products, J&M Plating, Phillips Screw, SBS Industries, Texthread and Würth Louis & Co.

Falcon Fastening Solutions named Craig Jones as account manager for the Kentucky branch. He will manage inventory programs and quoting, purchasing and inventory for customers.

“He has worked in every aspect of distribution from outside sales to purchasing and operations management,” Falcon VP Giovanni Cespedes noted.

For 2014, Falcon saw an average customer savings of 16% through its VMI programs for OEMs. 

“The direct acquisition cost, or piece price, of any component only accounts for 15% of the total cost of ownership,” Falcon owner/president Don Nowak said. “The other 85% of TCO is tied up in hidden costs like labor, freight, inventory-carrying costs, error-related costs, safety stock, and so on.” 

For 2014, Falcon reported an average 3% savings on labor-related costs; 4% on freight-related costs and error-related costs; 3% on inventory carrying costs; and an additional 2% of the average total cost savings.

Falcon also has a 99.9% quality rating and 99.1% on-time delivery. 

Falcon Fastening is a privately-owned fastener and class C production components supplier for manufacturing assembly.  Founded in 1979, Falcon Metal has branches in Kentucky and the Carolinas and is headquartered at 10715 John Price Rd., Charlotte, NC 28273. Tel: 704 588-4740 Web: FalconFastening.com

Hillman Companies named Jeffrey Leonard its CFO.

Leonard, 47, has been involved with mergers and acquisitions, strategic business development, and building financial teams throughout his career.  Former roles include CFO of $1.6 billion private equity company Baker & Taylor and VP of operations finance for HD Supply. 

Founded in 1964, Hillman supplies commercial and residential products for the hardware and home improvement industry.   

In 2013, Hillman acquired Canadian fastener manufacturer H. Paulin & Co. Ltd. for $103.4 million. Web: hillmangroup.com

Interstate Threaded Products doubled its account management team, sales & marketing director Kyler Tarwater announced. Due to sales growth, “an adjustment to our administrative manpower has become a necessity,” Tarwater said. “So don’t be surprised when you ‘see’ a few new faces.”

Founded in 1973, Interstate manufactures and distributes specialty fasteners for the petrochemical, communication / power generation, road & building construction, agriculture and microwave tower industries. Interstate is located at a 100,000 sq ft facility at 2200 Singleton Blvd., Dallas, TX 75212. Tel: 214 637-6720 Email: sales
@InterstateThreadedProducts.com

The Rockford Chamber of Commerce presented its manufacturer of the year award to J&M Plating Inc. for investing in technology to expand into new markets. J&M provides heat treating, plating and sorting and is headed by president Mark Morris.

Rockford Fastener was an honoree in 2014.

Founded in 1986, J&M Plating serves the fastener and small stamping marketplaces. J&M has a 180,000 sq. ft. facility located at 4500 Kishwaukee St., Rockford, IL 61109. Tel: 815 964-4975 Email: sales@jmplating.com Web: jmplating.com

Stefan Szczurek is the new director of European licensing for Phillips Screw Co., said global licensing president Mike Mowins.

Szczurek was with SPS Technologies for 35 years. His last position was SPS technical liaison with Precision Castparts. He will be based in Leicester, UK.

Phillips Screw designs proprietary fastener technology, including high-performance drive systems for fastening applications in aerospace, automotive, electronics, industrial, marine, military and header tools and gauging markets. 

Phillips Screw is headquartered at 1 Van De Graaff Dr. #404, Burlington MA 01803. Tel: 781 224-9750 Web: Phillips-screw.com

SBS Industries is expanding its Oklahoma facilities to 82,000 sq ft to consolidate its Tulsa distribution, packaging and assembly centers two blocks from its headquarters. 

Founded in 1975 as a distributor, SBS added screw machines for manufacturing in 1985. SBS was acquired by Gladstone Investment Corp. in 2011. SBS provides fasteners, hardware, parts machining and subassembly.

SBS has distribution and machining operations in Tulsa; a distribution branch in Oklahoma City; and is headquartered at 1843 N. 106th East Ave., Tulsa, OK 74116. Tel: 918 836-7756 Web: sbsindustries.com

Texthread Inc. can double manufacturing capacity and triple inventory space with its recent move from Houston’s Heights area to the Northwest corridor. The 50,000 sq ft, high-ceiling facility is at 9600 Bamboo Rd., Houston, TX 77041. Tel: 713 802-1600  

President Richard Owen said the move “occurred out of necessity” due to years of growth.

Texthread manufactures industrial threaded products, gaskets and precision machined components.  Web: texthread. com

Würth Louis & Co. promoted Curtis Gilgan to branch manager for Oregon and named Steve Roberts as branch manager for the Houston and Baton Rouge locations.

Gilgan was named Würth Louis’ manager of the year for 2014.

Roberts has 14 years of sales and management experience. 

Founded in 1975, Wurth Louis supplies surfacing, hardware, shop supply, woodworking machinery and coating products, and is headquartered at 895 Columbia St., Brea, CA 92821. Tel: 714 529-1771 Web: wurthlac.com