Fastener Acquisitions Pick Up As U.S. Economy Gains Traction

April 22

00:00 2010

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As the economy improves, fastener acquisitions are picking up.

Economist Brian Beaulieu of the Institute for Trend Research told the spring conference of the National Fastener Distributors Association gathered in San Antonio that now is a good time to acquire other companies.

“Have the visceral fortitude to expand now.”

He predicted the good years to sell your business would occur in 2012 and 2017.

Here are some recent acquisitions in the fastener industry:

Hillman To Be Acquired by Private Equity Firm

Fastener distributor Hillman Companies Inc. agreed to be acquired by Oak Hill Capital Partners in an $815 million deal expected to close in the second quarter of 2010.

Active Screw Acquires Action Threaded

Suburban Chicago-based Active Screw & Fastener acquired Action Threaded Products, a fastener distributor specializing in stainless steel, ferrous, non-ferrous and specialty products.

Eastgate Technology Acquires Sin Hong

Eastgate Technology acquired fastener supplier and investment holding firm Sin Hong for about $13 million.

Danaher Forming Joint Venture with Fastener Tool Maker

Danaher Corp. and Cooper Industries are forming a joint venture for portions of their tool businesses in a deal that’s expected to reduce purchasing costs while expanding geographical and market reach and cross-promoting products.

EACO Corp. Acquires Bisco Industries

EACO Corp. completed the acquisition of fastener and electronic components distributor Bisco Industries Inc. for an undisclosed sum. Bisco has 37 sales offices and six distribution centers located throughout the United States and Canada. ©2010 GlobalFastenerNews.com

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