Keter buys Stewart Plastics
Keter Group BV, a global supplier of resin consumer products for the home and garden, has agreed to acquire Stewart Plastics, bringing together two complementary product portfolios. Keter, with a presence in more than 90 countries worldwide, offers a broad portfolio of resin consumer products across market leading sheds and storage boxes, furniture, tool and […]
US fastener giant Fastenal acquires Mansco
Fastenal, one of the largest fastener distributors in North America, is to acquire certain assets of industrial and fastener supply distributor Mansco (Manufacturer’s Supply Company). Headquartered in Hudsonville, Michigan and with facilities in Madison, Alabama and McAllen, Texas, Mansco generated approximately $50 million revenue in 2016. The company is profitable and has been run by President and […]
Specialty Fasteners & Components to rebrand under Clarendon umbrella
Specialty Fasteners & Components (SFC) and Clarendon – which acquired SFC two years ago – are to trade under the unified name of Clarendon Specialty Fasteners. In the 24 months since SFC was bought many changes have been implemented, all with the aim of providing a more complete service to customers in the company’s core aerospace, defence, […]
Chervon completes acquisition of SKIL power tool brands from Bosch
The SKIL and SKILSAW brands are now officially under the ownership of Chervon, following the completion of the acquisition from Robert Bosch Tool. Now Chervon has full control over the two brands in North American market. As part of a growth period for Chervon, the company is relocating to Naperville, Illinois to a 124,000-square-foot state-of-the-art […]
dormakaba completes Stanley Black & Decker security division buy-out
Following last year’s announcement, dormakaba has now completed the acquisition of certain Mechanical Security businesses from Stanley Black & Decker. Included in the buy out is Stanley Commercial Hardware, based mainly across North America witha production facility in Taiwan, as well as GMT in China. The move makes dormakaba a strong number three player in the […]
Gunnebo Fastening Systems AB acquired by Simpson
Construction connector manufacturer Simpson Strong-Tie has acquired Sweden-headquartered Gunnebo Fastening Systems AB. The move brings a complete line of CE-marked structural fasteners and unique fastener dimensioning software for timber applications into Simpson Strong-Tie’s comprehensive construction products line-up. Headquartered in Gunnebo, Sweden, the company employs 222 people in Sweden, Poland, Norway and Romania. Sales are focused […]
EJOT snaps up Finland’s Sormat
EJOT Group has acquired Sormat to strengthen its competence in anchoring tech. Sormat is a fastening and anchoring product manufacturer that is headquartered in Rusko, Finland. Sormat Oy employs nearly 80 people and will continue to operate as an independent subsidiary under the current management EJOT Group combines medium-sized companies in the connection technology sector and […]
Portugese metal clamp firm Lifial has been acquired by NORMA
NORMA Group has bought Lifial, a metal clamp manufacturer based in Águeda, Portugal. Lifial has been in business for 28 years and serves the industry and agriculture sectors. Its product portfolio includes heavy duty clamps, pipe supporting clamps, and U-bolt clamps for mounting antennas and solar modules. Annual turnover for Lifial was approximately €8 million […]
KKR to buy Hitachi Power Tools & accelerate global growth
Global investment firm KKR, via HK Holdings Co, is to acquire Hitachi Power Tools division, Hitachi Koki. The announcement confirmed rumours reported earlier this month and will see KKR purchase the firm with a view to support Hitachi Power Tools’ growth strategy. The Company is actively pursuing expansion in global markets, and acquired German power tool company […]
Bostik completes Den Braven acquisition to boost building product line-up
European-based adhesives and sealants manufacturer Den Braven is now officially part of Bostik following the completion of the acquisition announced mid-2016. The move is part of a strategy to double Bostik’s EBITDA by 2020. Bostik’s CEO (of the time) announced the goal when Bostik was acquired by Arkema in February 2015. Through the combined might […]