Nedschroef Expands Its Strong European Market Position with Nedschroef Beckingen GmbH and Nedschroef Schrozberg GmbH

Koninklijke Nedschroef Holding B.V. (Nedschroef), among the worldwide largest fasteners manufacturers, announced it has acquired (through 100% subsidiaries) the assets of Whitesell Beckingen and Whitesell Schrozberg. Both German locations will benefit from becoming part of a stable group with a long term strategic growth perspective. Nedschroef benefits to adapt its capacity to the worldwide increasing demand for engineered fasteners.

The acquisition is the first one of Nedschroef under the new ownership of Shanghai Prime Machinery Company Limited (PMC). PMC is supporting Nedschroef´s worldwide growth plans and values the acquisition as another step in Nedschroef´s Strategy 2020 to become the leading global fasteners partner for future mobility focusing on value for customers with advanced solutions and services.

In the last years, Whitesell employees and customers went through challenging times. With its strong market position and capability, Nedschroef is dedicated to offer both plants a future within the Nedschroef group. For Nedschroef the transaction is a testimony to its market leadership, technical capability and state of the art facilities.