Lone Star Fasteners, Houston, TX, has acquired LWD Precision Engineering Co. Ltd., a manufacturer of precision engineered components for the global oil and gas industry, for $6 million. LWD, based in Leeds, UK, manufactures precision machined components for valves, actuators and other related critical applications.
“The purchase of LWD is our latest step in the strategic expansion of Lone Star’s product and geographic market coverage, said Lone Star CEO Bruce Ross.
The acquisition of LWD follows Lone Star’s June 2006 acquisition of Leeds-based Grange Gaskets, a provider of standard and specialty gaskets, and related machined parts.  ; Tony Sitek, managing director of Lone Star’s Grange subsidiary, will assume overall management responsibility for the combined businesses of Grange and LWD.
With the acquisition of LWD, Lone Star has about $70 million in revenue, more than 350 customers, and 400 employees throughout the U.S., UK and Romania.
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