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Hagan: Fastener Company Acquisitions Were at Strong Pace During 2013
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2014-07-25
Deal-making activity in the global fastener industry continued at a strong pace during 2013, consultant Richard Hagan summarized the year.
“By our count, there were a total of 29 fastener company acquisitions completed worldwide last year,” the president of Pinnacle Capital Corporation found. “That number is closely comparable to the total of 31 fastener deals completed during 2012 and the 29 fastener deals completed during 2011.
Thus far in 2014, “there have not been enough fastener deals completed to keep pace with the last three years,” Hagan observed of acquisitions through April. “However, we do not anticipate a significant slowdown in deal activity. There are numerous fastener company transactions pending and in-process at this time and we believe the appetite for deals by both buyers and sellers is healthy.”
Carlson Systems Holdings Inc. of Nebraska purchased Western Tool Supply of Oregon.
Park-Ohio purchased Henry Halstead Limited of England.
Brighton-Best International Inc. of Taiwan purchased Southern California-based Porteous Fastener Company.
TriMas Corporation of Michigan purchased Mac Fasteners Inc. of Kansas.
Oregon-based Precision Castparts Corp. purchased Permaswage SAS of Southern California.
“By our count, there were a total of 29 fastener company acquisitions completed worldwide last year,” the president of Pinnacle Capital Corporation found. “That number is closely comparable to the total of 31 fastener deals completed during 2012 and the 29 fastener deals completed during 2011.
Thus far in 2014, “there have not been enough fastener deals completed to keep pace with the last three years,” Hagan observed of acquisitions through April. “However, we do not anticipate a significant slowdown in deal activity. There are numerous fastener company transactions pending and in-process at this time and we believe the appetite for deals by both buyers and sellers is healthy.”
The Top Ten Fastener Company Acquisitions of 2013 (Arranged in chronological order):
Ohio-based Hillman Companies Inc. purchased H. Paulin & Co. Limited of Canada.
Ohio-based Hillman Companies Inc. purchased H. Paulin & Co. Limited of Canada.
Stanley Black & Decker Inc. of Connecticut purchased Infastech Limited of Hong Kong.
Elgin Fastener Group LLC of Indiana purchased Vegas Fastener Manufacturing of Nevada.
MSC Industrial Direct Co. Inc. of New York. purchased the Barnes Distribution business unit of Barnes Group Inc.
EFC International Inc. of Missouri was recapitalized by Quad-C Management Inc.
Carlson Systems Holdings Inc. of Nebraska purchased Western Tool Supply of Oregon.
Park-Ohio purchased Henry Halstead Limited of England.
Brighton-Best International Inc. of Taiwan purchased Southern California-based Porteous Fastener Company.
TriMas Corporation of Michigan purchased Mac Fasteners Inc. of Kansas.
Oregon-based Precision Castparts Corp. purchased Permaswage SAS of Southern California.
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2014-07-25
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