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Wynnchurch Capital, a Chicago-based private equity firm, has purchased fastening tool and fastener manufacturer SENCORP's assets. Wynnchurch has formed a new portfolio company, Senco Brands Inc.
The acquisition includes the brands SENCO and TyRex, as well as the SenSource global sourcing operation, and SENCORP's domestic and foreign businesses.
The sale was approved on July 2, 2009, by U.S. Bankruptcy Court.
SENCO brand is for use in wood construction; SENCO products are sold through distribution outlets in more than 40 countries. TyRex brand features tools and collated fasteners for use in concrete and steel fastening applications found in the construction of high-rise structures, hospitals, schools and roads and bridges.