Fasco Fastener Acquired by Würth Industry
INDIANAPOLIS - Würth Industry North America acquired Fasco Fastener, a key distributor of stainless steel, silicon bronze, and brass fasteners to OEMs and to for wholesalers and the large retailer trade. 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 Fasco brand name will continue as a division of Würth’s Marine Fasteners business, a leading distributor of stainless steel fasteners for marine OEMs.
Würth says its acquisition of Fasco is part of a strategy to provide expert supply chain solutions of industrial fasteners, safety, and MRO products. Fasco Fastener, together with Marine Fasteners, will provide expanded services to customers across the US, Mexico, Canada, and Brazil.
"Fasco Fastener adds to our capacity and geographic presence to better service our customers," said Keith Brantley, managing director of Marine Fasteners, headquartered in Sanford, Fl. "Fasco complements our overall stainless steel, brass, and silicone bronze fastener offering so we both can now provide a larger product selection to the marine, solar, and the general manufacturing industry."
Würth Industry North America is a $1 Billion division of the Würth Group, the world's largest fastener distribution company. Under its umbrella are Würth Adams, Würth Des Moines Bolt, Würth House of Threads, Würth Industry Canada, Würth Industry de Mexico, Würth Revcar, Würth Service Supply, Würth Snider, Würth Timberline, Marine Fasteners, Northern Safety & Industrial, Würth Van Horn, and Weinstock Bros., consisting of more than 110 locations across North America.
"We are excited to partner with Würth because it not only maintains Fasco's history of outstanding quality and excellent service, but also enhances our offering to our customers. The acquisition will be good for both our customers and employees, and we are proud to be part of the Würth family," said Scott Miller, past president and co-owner of Fasco Fastener.
"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, chief executive officer for Würth Industry North America.
Würth Industry is also among Fastener Fair USA 2020’s largest exhibitors. Fastener Fair USA taking place May 18-20, is North America’s fastest-growing trade show and conference event for the fastener industry and the manufacturing sectors it serves. Dynamic and productive, this two-day event serves as an important marketplace drawing fastener professionals from every segment of the market and all around the world.
Close to 2,200 fastener professionals participated in Fastener Fair USA 2019 in Detroit, surpassing the 2018 inaugural show in Cleveland. More than 270 exhibitors from 15 countries connected with customers in the aerospace, automotive, civil engineering, construction, energy, and machinery and other industries.
For more information or to attend or exhibit, visit www.fastenerfairusa.com