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Hot Off the Press


Foundation Announces Record Level
of Workforce-Development Grants

Wednesday, August 16, 2006
The Precision Metalforming Association Educational Foundation (PMAEF) will make available training and education grants totaling $208,500 during the 2007 fiscal year, according to Gretchen Zierick, PMAEF chair. The budget represents an increase of nearly $40,000 over the 2006 budget, and is the highest ever from the foundation. PMAEF accepts requests for funding from organizations whose programs and services promote, enhance and support the development of a metalforming workforce in the United States. Download an application at, or call Anne Cunningham at 216/901-8800.

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.


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