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AFC Industries Acquires California Aerospace Fastener Distributor
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2024-07-08
AFC Industries announced that it has acquired Meg Technologies Inc. (MTI), a Southern California distributor of fasteners to the aerospace industry. AFC officials said the deal bolsters its position in the aerospace sector. MTI provides military-standard aerospace fasteners to OEMs, Pentagon contractors, maintenance facilities and other aerospace distributors. MTI officials, meanwhile, said the combination would provide new opportunities for its team. Terms of the deal were not disclosed.
AFC, an Ohio-based distributor of fasteners and C-Class components, has pursued a strategy of aggressive merger and acquisition activity in recent years. It acquired seven companies last year alone, and the MTI deal marks its second this year after adding Philadelphia-based Globe International in March.
AFC Industries
Meg Technologies Inc.
MTI
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