Fasco Fastener will serve WINA’s customers in the recreational marine, solar energy, and general manufacturing sectors.
Würth Industry North America (WINA) has officially acquired Fasco Fastener, a 40-year distributor of stainless steel, silicon bronze, and brass fasteners to the wholesale, OEM, and large retailer trade. The acquisition of Fasco fits into WINA’s strategy of providing expert supply chain solutions, including industrial fasteners, safety, and MRO products.
“Würth Industry has strong growth targets, both organically and through key acquisitions,” said Dan Hill, CEO with Würth Industry North America. “This investment represents an important strategic opportunity to offer better supply chain solutions and cost savings for manufacturers across North America.”
The new addition will serve WINA’s customers in the recreational marine, solar energy, and general manufacturing market. For example, Fasco Fastener, together with Marine Fasteners (the premier distributor of marine stainless steel fasteners), will provide expanded services to WINA customers in the U.S., 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.”
WINA is a $1 billion division of the Würth Group– currently the world’s largest fastener distribution company. Through the pairing of more than 420,000 parts with a myriad of services, WINA provides custom solutions for almost every industry.
“The Fasco brand name will continue as a division of Marine Fasteners, and our customers will continue to receive the same high quality packaging that they are used to. 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 North America
www.wurthindustry.com
Filed Under: Fastener industry news