NEWS
Philidas recommences
manufacturing Philidas Manufacturing Ltd has confirmed to this magazine that it is manufacturing again at the same location in Pontefract, UK.
managed situation”. Purchased from administration at the last minute, Philidas says that, under new ownership but with management continuity in the form of Ken Lord who is now managing director, it is committed to moving the business forward and will return to its roots and concentrate on its core business of industrial, turret and MK5 nuts. Ken Lord said: “It has been a long
T
and hard three months dealing with administrators and machinery purchasers but now the Philidas brand is safe we are excited about distributing the product back into a demanding market.” He added: “Over the last four years the Philidas brand has been involved in a few tough business decisions that had a negative effect on the brand and the product. The new management have taken fresh ideas and has changed the direction Philidas is moving in, reverting to the core business to secure a positive future for the brand.” Philidas now feels it can move forward
in a professional manner after securing full backing from the banks and management funding. Target delivery dates are aimed to be a maximum of four to six weeks from order for 95% of the products that can be manufactured. One of Philidas’ major distributors,
Francis Kirk (Socket Screws) Ltd, said: “It is fantastic news for the industry and for all involved that the Philidas brand has been saved. It carries a lot of history along with a high quality product that is specified within specific sectors. We are looking forward to working with Philidas and other distributors to develop the brand back to where it should be, as the market leader of all metal locking nuts.”
12
he statement refers to “a very difficult four months for the Philidas brand, with competition taking advantage of a poorly
Acquisitions support NORMA sales
NORMA Group sales for the first quarter 2013 were within 0.3% of the same period 2012 at 159.7 million euros.
A
djusted operating earnings (EBITA) declined slightly by 2.9% to 28.3 million euros in the first quarter of 2013 (previous year: 29.2 million euros). “We are pleased that we could maintain stable sales in the first
quarter of 2013 compared to the previous year’s quarter, given the still uncertain economic development in Europe. The operating margin remains at a consistently high level,” says Werner Deggim, CEO of NORMA Group. The Group’s order backlog as at 31st up quarter on quarter (31st
March 2013 was 229.1 million euros December 2012: 215.4 million euros). Europe, Middle East and Africa regional sales increased slightly
in spite of the overall economic situation: up approximately 1.1% to 100.3 million euros, with contributions from the acquisitions of Connectors Verbindungstechnik in Switzerland, Nordic Metalblok in Italy and Groen Bevestigingsmaterialien in the Netherlands in 2012. American sales were down 7% to 46.7 million euros on the back of the sluggish economic development in the US. Business in the Asia-Pacific region performed well, sales increasing by 19.6% to 12.3 million euros largely as a result of the acquisition of Chien Jin Plastic in 2012 and the takeover of the distribution business of the Australian Davydick in January 2013. NORMA expects Group sales to grow moderately year on year in 2013 with approximately 20 million euros from 2102/13 acquisitions.
www.normagroup.com
BeA acquires Karl M. Reich
Joh. Friedrich Behrens AG (BeA) has acquired Karl M. Reich Fastening Systems out of bankruptcy.
K
arl M. Reich formerly traded as Holz-Her and specialises in the supply of air, electric and battery powered nailers, staplers and screwdrivers. The company was already a supplier to BeA. “The product portfolio of Karl M. Reich, complements the existing
range of the BeA Group excellently,” said Tobias Fischer-Zernin, board member of Joh. Friedrich Behrens AG. “Our ambition is to make as quick as possible an integration and to improve its (KMR) efficiency, because we see not only a responsibility to our shareholders but especially to the customers and the market.” Tobias adds: “By integrating Karl M. Reich in the BeA Group there are very promising synergies in production processes, sales and logistics.”
Fastener + Fixing Magazine • Issue 81 May 2013
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140 |
Page 141 |
Page 142 |
Page 143 |
Page 144 |
Page 145 |
Page 146 |
Page 147 |
Page 148 |
Page 149 |
Page 150 |
Page 151 |
Page 152