CPBJ Article: Nuts and bolts maker eyes lucrative aerospace business
Military and Commercial Fasteners Corp. isn’t banking on the past decade’s success to provide work for the next decade. Instead, it’s looking to the skies for new business.
The York County-based company — also known as MCF — makes nuts, bolts, screws, pins and other industrial fasteners. In the past year, it spent time and money for new certifications that could capture more work for large aerospace companies.
MCF, with headquarters in Manchester Township since 1999, has seen its revenue grow from $6.5 million that year to more than $44 million in 2008, President and CEO Craig Siewert said. That’s 577 percent growth over 10 years, and the company would like to see that trend continue, he said.
MCF plans to add more commercial work as a supplement to military contracts that could taper off in years to come as U.S. wars in Iraq, and eventually Afghanistan, draw to a close, Siewert said. Scale-downs might not hurt MCF as much as other companies, but it never hurts to be prepared, he said.
“You find niches, and you go after them”