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INSIGHT


Aiming for a European Victory


With over 75 years combined industry experience as well as directorships of several successful businesses, Vic Waddison and Allan Stennett have now formed ‘Victory Fasteners Limited’ - a stockholder and distributor of high grade alloy and stainless steel fasteners into the distribution trade.


V


ic explains: “Allan and I both recently resigned from our previous positions, those companies now being owned by private equity, and after I endured a brief period of garden leave we made the inevitable decision to form


our own company – in fact this will be the third company in which we have worked together.” Vic Waddison along with Allan were the original founders


of Icon Fasteners Limited. Having taken the company to a commanding position within its market, they left in 2004 to be instrumental in the growth and development of Triplefast International limited, then part of the PRD Holdings Group. Vic continued: “Working within the petrochemical and power


generation markets has broadened my experience vastly. Within those markets product integrity and traceability are paramount, and more and more materials are demanded from a European source. Although in its infancy we see those requirements being driven through into the standard 8.8/10.9 and 12.9 grade of products.” To meet those rising quality standards Victory Fasteners


has invested in a range of both finished and semi-finished fasteners in grades 10.9/12.9 and stainless steel. “Over 95% of


its range is manufactured from European materials,” confirms Vic, “by quality assured European manufacturers with whom relationships have stood the test of time.” Test certificates are available on 95% of Victory Fasteners’


products and in most cases a copy of the original steel mill certificate should be available if required. “Within our sector we aim to cover every aspect of


stockholding and supply, by stocking either the finished part, and if not, a fully threaded part to modify or, as the last resort, a blank from which to fully machine.” Finished components including all popular surface coatings


and patching; other requirements can be supplied through Victory’s network of locally based quality assured sub contract companies and engineers. “Since coming back into the industry I have been asked


‘why start a business today in this difficult economic situation’,” says Vic Waddison, “but it’s been that way for as long as we can remember. The principles of a sound business model don’t change; the market may be up or down but quality, integrity and service always win through in any market.” www.victoryfasteners.com


“Within our sector we aim to cover every aspect of stockholding and supply…”


102 Fastener + Fixing Magazine • Issue 79 January 2013


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