This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Black & Decker's Fastening And Assembly Systems Segment Acquires Fastener Innovation Technology, Inc.

SHELTON, Conn., March 2 /PRNewswire/ -- Emhart Teknologies, a Black & Decker Company (NYSE: BDK) and a global leader in fastening and assembly technologies, announced today the acquisition of Fastener Innovation Technology, Inc. (FIT), a designer and manufacturer of critical, highly-specialized aerospace fasteners based in Gardena, Calif. The transaction closed March 1, 2010.

"Combined with our Heli-Coil® initiatives and the 2008 purchase of Spiralock Corporation, bringing FIT under the Emhart brand enables us to integrate the finest aerospace fastener platforms into a single-source organization," said Emhart Teknologies President Michael A. Tyll. "This acquisition allows us to better serve the aerospace, military and commercial aircraft industries where FIT enjoys a strong reputation among the world's leading aerospace companies."

FIT has long-term customer relationships with Boeing, Honeywell, Bell, GE, Pratt & Whitney, Embraer and Gulfstream Aerospace Corp. based on its premium-quality products and appropriate certifications. The company consistently delivers innovative products through the application of new high-strength materials such as steel alloys, titanium and super alloys.

"Production forecasted for both new and replacement aircraft through 2020 reflects the projected growth in global air traffic. The purchase of FIT positions Emhart Teknologies to further support this industry growth," Tyll said.

Randy Aardema will lead FIT as General Manager.  Aardema recently joined Emhart from Acument Aerospace and was with Textron Fastening Systems prior to that.

About Fastener Innovation Technology, Inc.

Based in Gardena, Calif., Fastener Innovation Technology, Inc. (FIT) manufactures aerospace threaded fasteners including industry standard, customer-specific and proprietary designs for sophisticated applications. As an engineering-orientated fastener company, FIT has developed proprietary products in addition to special products for OEMs requiring unique fastening solutions. Please go to for more information.

About Emhart Teknologies

Shelton, Conn.-based Emhart Teknologies is a global leader in the design and creation of unique assembly technologies from concept through installation. Emhart's technology-based assembly products and systems deliver innovative, integrated system solutions to virtually any manufacturing challenge anywhere in the world. From aerospace and automotive to construction, computers to appliances, Emhart products are sold in more than 100 countries. A Black & Decker Company, Emhart has 2,500 employees in 39 operating facilities worldwide.  Please go to for more information.

SOURCE Emhart Teknologies

Copyright 2009 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs