Federal Screw Works is a manufacturer of industrial component parts. The Company’s industrial component parts consist of locknuts, bolts, piston pins, studs, bushings, shafts and other machined, cold formed, hardened and/or ground metal parts. Its products include cold formed and machined pins, cold formed and machined products, close tolerance machined products, engineered nut products, cold form tooling and complex cold formed products. The Company’s divisions include Big Rapids Division, Romulus Division, Traverse City Division and Novex Tool. The Big Rapids Division manufactures special high-strength bolts and other cold formed products. Romulus Division heat treats products shipped from Traverse City and also serves as a distribution center for these products to its customers. The Traverse City Division manufactures a variety of special cold formed products for automotive customers. The Novex Tool Division manufactures perishable tooling, primarily for the cold heading industry.