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Hot Off the Press


Textron Out of the Fastening Business

Tuesday, August 15, 2006
Textron Inc., Providence, RI, has sold its Fastening Systems unit to a California-based private equity firm, Platinum Equity. The sale follows several similar moves made recently by Textron in its effort to divest itself of non-core manufacturing businesses. Textron owns leading aircraft manufacturers Bell Helicopter and Cessna Aircraft, among other well-known brands. Learn more at

New Interactive Website
Highlights Wire-Feeding Apparatus

Tuesday, August 15, 2006
TAK Enterprises Inc., Bristol, CT, has launched a new interactive website to showcase its wire straighteners, wire and narrow-strip payoffs/decoilers, servo-feed systems, mini-stamping equipment and other related equipment. The website,, includes downloadable manuals, spare-parts lists, mechanical drawings and installation tips. Video files illustrate product operations, and a Contract Manufacturing section includes application stories from the medical, electronic, automotive and aerospace markets.

Stripmatic Upgrades Quality-System Registration

Monday, August 14, 2006
Metalforming company Stripmatic Products, Inc., Cleveland, OH, has upgraded its quality-system registration from QS9000 to ISO/TS16949:2002. The company specializes in a unique stamping process that forms tubular-shaped parts, as an alternative to machined or cut-off tube.


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