The new acquisition expands PennEngineering’s product portfolio and technical reach.
PennEngineering, a global fastener manufacturer, announced the acquisition of Sherex Fastening Solutions, a U.S. manufacturer of engineered fastener solutions including rivet nuts, tooling, automation, and associated fastening solutions.
Headquartered in Buffalo, New York, Sherex is a premier technical provider of blind rivet nuts, with strong application expertise, and production capabilities worldwide. It has achieved an impressive growth trajectory, with the continued goal of providing quality technical solutions and the best total installed cost solutions along with rivet nut capabilities.
“We are extremely excited to be bringing the expertise of Sherex to the PennEngineering family,” said Pete George, CEO of PennEngineering. “Their entrepreneurial spirit and technical acumen, combined with our ATLAS product line and broader PennEngineering capabilities, will strengthen our ability to quickly deliver innovative, high-quality fastening solutions to our customers around the globe.”
Adam Pratt will assume the role of president of Sherex and ATLAS, reporting to Pete George, CEO of PennEngineering. Alex Hsiao will continue as GM, Sherex Taiwan.
“Teaming up with PennEngineering allows Sherex to provide our customers with additional global manufacturing capability to meet their demands around the world,” said Pratt. “Our long-standing customer relationships, combined with the reputation and history of PennEngineering will allow us to continue to provide enhanced value to our customers.”
Filed Under: Fastening + joining, Fastener industry news