Kyocera plans to grab greater share of power tool market following RYOBI acquisition
Kyocera’s acquisition of RYOBI power tools has now been completed, paving the way for the brand to diversify and further expand its industrial tool business. Completing the buy out announced in October, the acquisition sees Kyocera acquire 80% of shares in Kyocera Industrial Tools Corporation, an enterprise established from the company split of Ryobi Limited’s […]
Bufab buys Singapore’s Kian Soon Mechanical Components
Bufab has signed an agreement to acquire all outstanding shares in Kian Soon Mechanical Components Pte Ltd in Singapore, with annual sales of approximately SGD 17 million. Kian Soon was founded in 1977 and is one of the leading distributors of C parts in South-East Asia. Besides the head office in Singapore, the company has […]
Brighton Best buys Koala Nails & PPE firm Ironclad
Brighton Best International (BBI) has snapped up two companies in recent weeks, including Australia’s Koala Nails and the USA’s PPE brand Ironclad. Koala Nails BBI is to acquire W & G Industries Pty Ltd, trading as Koala Nails. It said the move brings a new level of construction fastener expertise to the firm, both for Australia […]
Hillman Group buys Texas fastener manufacturer
Hillman Group has agreed to buy all of the assets and assumed certain liabilities, of Hargis Industries, doing business as ST Fastening Systems (STFS). STFS is a specialty fastener manufacturer and distributor based out of Tyler, Texas, selling to metal building fabricators, hardware wholesalers and building products distributors in the US. STFS’ HQ will remain in Tyler […]
Employee-owned Threaded Fasteners buys Stateline Fasteners
Alabama’s Threaded Fasteners, Inc (TFI), an employee-owned business specialising in the manufacturing, custom packaging and distribution of steel fasteners, recently welcomed Stateline Fasteners of Rossville, Georgia, to its growing family of businesses. Opened in 2016, TFI’s Chattanooga office is located at 806 N. Holtzclaw Ave., Suite A, where Stateline’s previous staff members are now working. […]
Kyocera follows SENCO acquisition with Ryobi buy out
Ryobi is the latest power tool brand to be acquired by Kyocera, which snapped up Senco (now KYOCERA SENCO Industrial Tools) in the summer. By January 2018, Kyocera Corporation will have acquired the majority of shares of a company to be established from the company split of Ryobi Limited’s power tool business. Ryobi’s range includes […]
Dormakaba sells GMT Hardware for undisclosed sum
dormakaba has sold GMT Hardware Co Ltd to Argus Holdings, a major shareholder of Guangzhuo Seagull Kitchen and Bath Products Co. Ltd. The deal completed on the Shanghai-based company on 29 September 2017, with the financial details kept behind closed doors. GMT offers commercial door hardware products in China, including floor hinges for glass doors […]
Sheffield fastener manufacturer Cooper & Turner acquired
US investment firm Watermill group has completed the acquisition of Cooper & Turner – a manufacturer and distributor of high-strength, large diameter fastener systems for a range of applications, including wind turbines, railway tracks and steel construction buildings. Headquartered in Sheffield, Cooper & Turner has manufacturing and distribution operations across Europe, China and the US, […]
US fastener and tool brand SENCO acquired by KYOCERA
KYOCERA has expanded its fastening tools business in the manufacturing, construction, residential and commercial sectors following the acquisition of SENCO. SENCO is based in Cincinnati, Ohio and has been renamed ‘KYOCERA SENCO Industrial Tools Inc’. Thanks to the acquisition, KYOCERA aims to increase sales of fastening tools and fasteners to JPY 40 billion (approx USD $361 […]
Hitachi power tools gearing up for $447m ‘acquisition spree’
Hitachi’s Power Tool division – Hitachi Koki – is targeting becoming one of the top three power tools makers in the world, according to reports. Hitachi Koki will spend up to 50 billion yen ($447 m) on acquisitions to achieve this, the report said. The news follows the acquisition of Hitachi Koki by global investment firm […]