Avantus Aerospace, a global provider of C-Class and Composite parts for the aerospace and defense industry, has announce the acquisition of California Screw Products (CalScrew) in Paramount, California.
CalScrew manufactures unique, high-strength fasteners for commercial and military aerospace applications. It has a natural fit with other companies within in the Avantus group — including Fastener Technology Corp (FTC), which was acquired in December 2019, and Fastener Innovation Technology (FIT), acquired in September 2020.
“The CalScrew team is known for taking care of their customers and we are excited about dovetailing their unique fasteners into our expanding product line-up,” said Avantus CEO Brian Williams. “Our combined strength allows Avantus to continue offering a diverse range of high-quality products with exceptional customer service.”
CalScrew, founded in 1984, has built a strong reputation as an innovative and reliable supplier of difficult-to-manufacture standards, serving more than 45 aircraft platforms. Some of the company’s customer relationships span multiple decades, such as those with Boeing (including BDSI), Incora (Wesco), Honeywell, Collins, Pratt & Whitney, GE, Airbus and Lockheed Martin.
The existing management teams will continue to operate and grow the business under the guidance of fastener president, Dennis Suedkamp, and the director of business development, Larry Valeriano. Valeriano is the former president of CalScrew.
“California Screw Products is a well-known brand in the fastener standards market, and looks forward to joining FIT and FTC as another integral company in the Avantus fastener and C-Class portfolio,” he said.
Suedkamp added: “The future appears very bright as Avantus focuses on sound companies that respect their employees and what they bring to our customers – technical soundness, innovation, high-quality, and world-class service.”
The purchasers were advised by Goodwin Proctor LLP (Santa Monica), CDS (San Francisco), KPMG (London/Chicago) and Grant Thornton (Irvine).