Lone Star Fasteners Breaks Into European Market
Lone Star Fasteners, Houston, TX, has acquired UK-based Grange Gaskets and Grange Precision Engineering (Grange). Grange will become a new division of Lone Star Fasteners, known as Lone Star-Grange.
Established in 1948 by George Grange, Grange is based in West Yorkshire, UK, and manufactures industrial gaskets and precision engineered parts that are sold to the oil, gas, chemical, petro-chemical, power generation and general engineering industries. Grange's Managing Director Tony Sitek will lead the new division and also manage future UK and Europe acquisitions, as well as day-to-day operations of Lone Star SRL, the company's Romanian division.
'The acquisition will allow Grange to realize its full potential by increasing manufacturing ...