Fastener Deals On The Rise
3/28/2013 1:26:00 PM
FEATURE
Deals in the fastener industry have increased in 2013, with at least two acquisitions north of the half-a-billion dollar mark.
And more are likely to materialize in the coming months as the U.S. economy gathers steam.
Lamons Grows EU Footprint with Wulfrun Acquisition
Lamons, a TriMas Corp. business, expanded its presence in the European energy market with the $9.6 million acquisition of Wulfrun Specialised Fasteners Ltd.
Elgin Fastener Group Acquires Telefast
Founded in 1986 by Jeff Ferry and Kathleen Ferry as a manufacturer of internally threaded fasteners supplying distributors, today Telefast produces both internally and externally threaded products for distribution, automotive, agriculture, construction, government and after-market/MRO industries.
Barnes Group Deal Could Signal Bigger MRO Changes
MSC Industrial Direct’s agreement to acquire the North American distribution business (BDNA) of the Barnes Group for $550 million could signal big changes in the MRO market.
Stanley Black & Decker Completes Infastech Deal
Acquisition puts Stanley Black & Decker’s engineered fastening platform at approximately $1.5 billion in annual revenues.
Report: HD Supply Going Public
The three equity owners paid Home Depot $8.5 billion in 2007 for HD Supply, which reported $7 billion in revenues for 2012.
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