Hexion Holdings Corporation announced that it has entered into a definitive agreement to be acquired by affiliates of American Securities LLC for $30.00 per share in cash. The transaction is expected to close in the first half of 2022 and is contingent on the closing of the company’s previously announced sale of its epoxy business…
AFC acquires AALL AMERICAN Fasteners
AFC Industries, a supplier of fasteners and assembly components with a specialty in vendor-managed inventory (VMI) solutions, announced that it has acquired AALL AMERICAN Fasteners. AALL AMERICAN Fasteners is also a VMI services provider and offers a complete line of fasteners, electronic hardware, electrical components, tools, abrasives, safety, and industrial products. The company says it…
White Cap continues growth with the acquisition of Diamond Tool & Fastener
White Cap Supply Holdings announced that it has closed on an agreement to acquire Diamond Tool & Fastener, based in Philadelphia, Pa., with another location in Edgewater Park, N.J. and a distribution center in Bristol, Pa. White Cap serves as a one-stop shop providing concrete accessories and chemicals, tools and equipment, as well as building materials and fasteners.…
TriMas expanding its packaging and aerospace sectors with new acquisitions
TriMas Corporation announced that it has entered into an agreement to acquire two family-owned private companies, Omega Plastics and TFI Aerospace. Omega will be a part of TriMas’ packaging segment and TFI will be added to its aerospace business. Based in Toronto, Canada, TFI manufactures and supplies specialty fasteners for a wide range of applications,…
Fastenal named one of America’s safest companies
Fastenal was recently named as one of America’s safest companies by EHS Today. Fastenal offers products spanning more than nine major product lines — from fasteners and tools to safety and janitorial supplies — and helps customers simplify and realize product and process savings across their supply chain. Since 2002, American occupational safety and health publication,…
MW Industries expands its threaded fastener products, thanks to new acquisition
MW Industries, a provider of precision components, has announced the acquisition of Ideal Fasteners, a global manufacturer of threaded fasteners. The acquisition of Ideal Fasteners closed on December 10, 2021 and expands MW Industries’ existing U.S.-based manufacturing locations to provide precision components for worldwide distribution. The combined company will offer an increased selection of stock, standard, and custom…
Doors open at Fastenal’s new, corporate Mississippi riverfront office
Fastenal, a distributor to the industrial and construction sectors, is excited to open a new 97,600-square-foot corporate office, welcoming 450 employees in Winona, Mississippi. Fastenal says it selected the historic Mississippi riverfront site to provide an economic boost in downtown Winona. “We saw this as a community service project,” shared Dana Johnson, VP Corporate Real Estate with…
ARaymond acquisitions grow portfolio into new areas of fastening and assembly
ARaymond, an international automotive supplier in fastening and assembly solutions, recently announced the acquisition of CGA Technologies, a manufacturer of high-performing thermal cooling plates. “As a leader of fastening and assembly solutions for more than 155 years, we continuously strive to reinvent ourselves and stay ahead in the fast-moving markets that we operate in,” said…
Fastener Fair Stuttgart rebrands as part of its global reach
Mack-Brooks Exhibitions, the organizer of the global Fastener Fair events, recently announced a new name, logo, and style for the Fastener Fair Stuttgart show — Fastener Fair Global. The new brand name reflects more on the international character of the exhibition, with the German show considered the flagship event of the Fastener Fair series. The next…
White Cap expands with acquisition of Ram Tool
White Cap Supply Holdings has closed on a definitive agreement to acquire Ram Tool Construction Supply Co. This combined business will be led by White Cap CEO John Stegeman and president Alan Sollenberger. Page Naftel, president of Ram Tool, is also joining White Cap as chief sales officer. “This combination will increase our products, services, and locations…