Würth Group acquires Fasco Fastener

Author:
Updated:
Original:
The Fasco Fastener headquarters.

The Fasco Fastener headquarters.

Fastener distributor Würth Industry North America, which is based in Indianapolis and is part of Würth Group, has acquired Fasco Fastener, a distributor of stainless steel, silicon bronze and brass fasteners to the wholesale, OEM and retail trades. Terms of the transaction were not disclosed.

The purchase is intended to better serve the needs of Würth customers in the recreational boating market, plus the solar and general manufacturing industries. The acquisition fits into Würth’s strategy to provide supply-chain solutions of industrial fasteners, safety and MRO products. Fasco Fastener and Marine Fasteners, will provide expanded service to customers in the U.S., Mexico, Canada and Brazil.

Würth Industry has strong growth targets, both organically and through key acquisitions,” Dan Hill, CEO for Würth Industry North America, said in a statement.“This investment represents an important strategic opportunity to offer better supply chain solutions and cost savings for manufacturers across North America.”

Related

Webasto Produces 8,000th Marine Roof

The German company designs and builds a number of glass roof solutions for boats.

A Strong Q2 for Johnson Outdoors

With jumps in nearly all its business segments, the recreation manufacturer saw net sales increase by 26 percent.

Thrust Issues

Is it time for the industry to standardize trolling motor ratings?

Viking Holds Vaccination Event

The New Jersey-based builder is working with local healthcare providers to offer Covid-19 shots to employees and their families.

Bellingham to Supply Dock for Superyacht Marina

Bellingham Marine will design and install a floating concrete dock system at Hurricane Hole Superyacht Marina in the Bahamas.

Off the Charts

Even as builders faced order backlogs and product shortages, registrations continued to soar in March.

Maverick Boat Group Expands

The Florida-based builder plans to increase production capacity by 30 percent and add 150 new jobs.