DANBORO, PA — PennEngineering‚Â® announced the acquisition of 3V Fasteners Company, Inc. (Corona, CA), which specializes in precision aerospace fastener products. Terms of the transaction between the two privately held companies were undisclosed.
‚â€œThis strategic acquisition offers advantages for both of our companies with inherent synergies in expertise, capabilities, operations, and growth opportunities,‚â€ said Mark Petty, President and Chief Executive Officer of PennEngineering. ‚â€œWhile 3V will significantly enhance and advance our Company‚â€™s position in the aerospace fastener market, PennEngineering‚â€™s technical capabilities and resources will contribute dynamic benefits enabling 3V to reinforce and build upon its established position in the industry.‚â€
Filed Under: Aerospace + defense, Fastening + joining • locks • latches • pins