Investment company, Torqx Capital Partners announced that it has reached an agreement with W.W. Grainger Inc. in relation to the acquisition of 100% of the shares of Fabory and its subsidiaries.
Fabory is a specialist supplier of fastener solutions and fastener related products, offering a broad, high-quality assortment to customers. The transaction is still subject to the standard regulatory approvals.
Torqx will support Fabory in strengthening its position as specialist fastener supplier by further investing in deep product and application expertise, smart value-added services for its OEM and MRO customers, and an efficient and high-quality supply chain.
“Based on our extensive experience and strong track record with technical distribution businesses, we see a strong fit between Fabory and Torqx,” said Harmen Geerts, Managing Partner of Torqx. “We can help the company to strengthen its position as leading fastener specialist in its core markets and achieve its full potential.”