Fastener distributor Würth Industry North America, which is based in Indianapolis and is part of Würth Group, has acquired Fasco Fastener, a distributor of stainless steel, silicon bronze and brass fasteners to the wholesale, OEM and retail trades. Terms of the transaction were not disclosed.
The purchase is intended to better serve the needs of Würth customers in the recreational boating market, plus the solar and general manufacturing industries. The acquisition fits into Würth’s strategy to provide supply-chain solutions of industrial fasteners, safety and MRO products. Fasco Fastener and Marine Fasteners, will provide expanded service to customers in the U.S., Mexico, Canada and Brazil.
Würth Industry has strong growth targets, both organically and through key acquisitions,” Dan Hill, CEO for Würth Industry North America, said in a statement.“This investment represents an important strategic opportunity to offer better supply chain solutions and cost savings for manufacturers across North America.”
