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Fastener distributor Würth Industry North America, Indianapolis, part of Würth Group, has acquired Fasco Fastener, a distributor of stainless steel, silicon bronze and brass fasteners to the wholesale, OEM and large retailer trade. Terms of the transaction were not disclosed.
The purchase will better serve the needs of Würth Industry's customers in the recreational marine market, as well as the solar and general manufacturing market.
The acquisition of Fasco fits into Würth Industry's strategy to provide expert supply chain solutions of industrial fasteners, safety and MRO products and complements Würth Industry's strength in the marine market from Marine Fasteners, the premier distributor of stainless steel fasteners for marine OEMs. Fasco Fastener, together with Marine Fasteners, will provide expanded services to customers across the US, Mexico, Canada and Brazil.
"Würth Industry has strong growth targets, both organically and through key acquisitions. This investment represents an important strategic opportunity to offer better supply chain solutions and cost savings for manufacturers across North America," said Dan Hill, CEO for Würth Industry North America.