Wow, it’s January 15 and already there have been several announcements. Just this morning, I received an update from Global Fastener News that Keller & Kalmbach out of Germany acquired Infinity Fasteners headquartered out of Lenexa, Kansas. Earlier this week I heard that EFC acquired Technology Components Southwest which now gives EFC a location in Dallas. Cable Tie Express announced an equity investment by Roman Capital. Tony Van Hoozer and Char Cooper will continue to lead the company, but it’s still a bit of a shift from the previous set up. Finally, and this reached back to last year a bit, G.L. Huyett acquired Precision Specialties which was a Tinnerman and AVK stocking distributor.
In some regards, each of these transactions might not be earth shattering news in the marketplace, but I think each one is significant. Certainly, a couple of these moves will change the Tinnerman marketplace. And Infinity has a footprint in several states, not just Kansas.
So, welcome to 2016. Let’s see what else pops up in the coming weeks and months.
So the stock market is tanking and I am seeing a lot of very good orders coming in to start 2016. Do we in the fastener market see trends before the rest of the market or are these just left over orders that were not placed in 2015? People buying parts for future production? What are any of you seeing out there? If I did not have a 401K and watch the market news, I might have fooled myself into thinking 2016 was starting off with a boom. I know oil & gas is going to be hurting for a good long time (see previous post for more of that) and China is throwing a wrench into everything. But are some other markets doing well enough to drag us along? What are you seeing out there as the new year begins?