• June 22 - 24, 2021
  • Cleveland, OH

Avantus Aerospace Buys Fastener Innovation and CalScrew in Back to Back Deals

SANTA CLARITA, CA - Avantus Aerospace, which makes C-Class and Composite parts for the aerospace and defense industry, acquired two California fastener manufacturers, announcing the deals in the space of just one week:  Fastener Innovation Technology, in Rancho Dominguez, on Sept. 29; and California Screw Products, in Paramount, on Oct. 6.

Both Fastener Innovation and CalScrew manufacture unique, high-strength specialty fasteners for military and commercial aerospace applications. Avantus says they have a natural fit with each other as well as other companies within the Avantus group, such as Lamsco, including Fastener Technology Corp., acquired in December 2019.

Founded in 1979, Fastener Innovation has expanded its applications under President Larry Valeriano, now covering more than 25 aircraft platforms. Some customer relationships span multiple decades, such as those with Boeing (including BDSI), Incora (Wesco), Raytheon, and Lockheed Martin. The existing management team will continue to operate and grow the business under the guidance of Avantus Fastener President Dennis Suedkamp.

CalScrew, founded in 1984, has built its reputation as an innovative and reliable supplier of difficult-to-manufacture “standards” serving more than 45 aircraft platforms. Some of its customer relationships span multiple decades, such as those with Boeing (including BDSI), Incora (Wesco), Honeywell, Collins, Pratt & Whitney, GE, Airbus and Lockheed Martin. The existing management teams will continue to operate and grow the business under the guidance of Fastener President Dennis Suedkamp, and Director of Business Development Larry Valeriano, who was formerly the President of CalScrew.

Avantus AerospaceCEO, Brian Williams, said: "The FIT team have built an innovative, specialty fastener business with an excellent reputation. We believe our combined strength will allow us to better serve our customers. We look forward to making further acquisitions that complement our existing product and geographic offering."

Avantus Aerospace was known as Shimtech Industries until it rebranded in June 2020, since it had evolved over its 50 years to manufacture products beyond shims. Making a wide range of C-class and specialty machined components – fasteners, brackets, shims, detail assemblies and clips – as well as an impressive array of composite and metal bond structures – Avantus Aerospace is owned by Inflexion and Auctus Industries, private equity and specialist investor firms.