Serafin Group acquires German drill manufacturer KEIL
The Serafin Group has taken over drill manufacturer KEIL in Engelskirchen, expanding its presence in the market for quality tools. Both parties have agreed to keep the purchase price under wraps. KEIL is an established, medium-sized manufacturer of quality drilling tools for professional applications. For more than 50 years the company has been a tool industry […]
NORMA completes Fengfan Fastener acquisition
NORMA Group has successfully completed the acquisition of Fengfan Fastener Co Ltd (“Fengfan”). Headquartered in Shaoxing City, China, Fengfan produces joining products made of stainless steel and plastic as well as speciality textiles. NORMA Group agreed to purchase 80% of Fengfan’s shares in March of this year and the authorities have now approved the acquisition. “We […]
Bunzl buys 3 businesses in Spain and Canada
Bunzl’s acquisition strategy has seen it pick up three separate businesses across Spain and Canada, including PPE and packaging companies. In Canada, AMFAS and Western Safety – both based in Vancouver – are distributors of commercial and industrial first aid and safety supplies, including a full range of personal protection equipment, to end user customers throughout […]
INTERVIEW: The inside story behind Snap-On’s Norbar Torque Tools acquisition
UK headquartered Norbar Torque Tools hit the headlines last month when it revealed it was being acquired by Kenosha, Wisconsin-based Snap-on incorporated. At first glance, it’s a big departure for a tool manufacturer that has been owned and managed by descendants of the founder, William Brodey, for over 70 years, but the Snap-on Incorporated deal was mooted a long time ago […]
US hardware giant Lowe’s acquires Maintenance Supply Headquarters for $512 million
Retail home improvement store giant Lowe’s has agreed to acquire Maintenance Supply Headquarters of Houston, Texas – a distributor of maintenance, repair and operations (MRO) products to the multifamily housing industry – for 512 million. Maintenance Supply Headquarters operates 13 distribution centres serving customers in 29 geographic areas, primarily in the western, southeastern and south central […]
Hultafors Group strengthens workwear business & buys protective wear brand Puvab AB
Hultafors Group – owner of Snickers Workwear, Solid Gear, Toe Guard, Dunderdon and Wibe Ladders – has acquired Swedish protective wear business Puvab AB from Vestitus Holding AB. The acquisition strengthens Hultafors Group’s protective wear presence in the workwear business. Established in Borås in 1989, Puvab specialises in protective wear for the energy and utility business, […]
BUFAB’s back on the acquisition trail with Thunderbolts purchase
Bufab, through its subsidiary Montrose Holdings Ltd, has signed an agreement to acquire 100% percent of the shares in the privately-owned company Thunderbolts Group Limited, in Southampton, UK. The acquisition will be completed with immediate effect, and will be reported in Bufab’s segment International. The move comes within six months of Bufab’s acquisition of fellow […]
Tibbetts invests in new locations following SFF acquisition
Security Fasteners and Fixings (SFF) is joining fellow Tibbetts-owned brand BFC at a new purpose-built site near Stokenchurch, Bucks, close to the M40. Last September, Tibbetts Group acquired SFF and Electra, which has been trading for over 30 years and supplying hexagon pillars and spacers as well as standard fasteners and fixings to the electronics […]
California’s Fastener Distribution Holdings acquired
Fastener Distribution Holdings (FDH) has been acquired by Audax Private Equity from Housatonic Partners. FDH is headquartered in Marina del Rey, California and is a distributor of aerospace fasteners and other C-class components to commercial and defence aircraft manufacturers, subcontractors and components distributors through its Arlington International Aviation Products (AIAP) and Aircraft Fasteners International (AFI) […]
NORMA takes majority stake in China joining products manufacturer
NORMA Group is to acquire 80% of the shares in Fengfan Fastener (Shaoxing) Co., Ltd. (“Fengfan”), based in Shaoxing City, China. It’s the second acquisition for NORMA this year, following the buy out of Portugese metal clamp firm Lifial. The details of the Fengfan deal are being kept under wraps, but the transaction is expected to […]