Fasteners distributor Field Fastener (Field) acquired Cascade Nut and Bolt, Inc. (CNB). Terms of the transaction were not disclosed. Salem, OR-based fastener distributor CNB was established in 1997.
GoI's recent mandate requiring Bureau of Indian Standards (BIS) certification for domestic and foreign fasteners - nuts, bolts, etc - is symptomatic of protectionist measures that hurt India's image ...