Plethora Businesses, an M&A advisory firm headquartered in Orange County, California, announced the closing of the acquisition with Ideal Fasteners by MW Industries. Plethora served as the exclusive sell-side advisor in this transaction.
The transaction closing was announced on December 10, 2021, and is adding to an already very strong year for Plethora Businesses in the midst of an active M&A market.
For more than 50 years, Ideal Fasteners has produced quality threaded fasteners and inserts for the U.S. and global markets. The company manufactures socket caps, button sockets, flat socket caps, and specialty items from customer prints. It offers worldwide distribution and quality certifications, including NADCAP, AS9100, and ISO9001,
The acquisition 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 socket caps and other threaded fasteners, with a wide variety of highly engineered metal and plastic components.
“The Ideal team has cultivated an impressive operational approach that attracted many high-quality customers,” says Rob Connolly, associate at Plethora. “With the added resources through this acquisition energizing an already thriving business, we’re excited to see this partnership with MW Industries take the company to the next level.”
The companies’ combined footprint will position MW Components to provide the highest quality precision components and custom manufacturing services to a global customer base. They will offer an increased selection of stock, standard, and custom socket caps, button sockets, flat socket caps, and other threaded fasteners along with a wide variety of highly engineered metal and plastic components.
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