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News & Info
Tramec Acquires KRG Continental-Aero
Gary Sullo, President of Tramec, LLC, Iola, KS, USA, has announced the acquisition of LRG Fastener Corporation (Continental- Aero), headquartered in Harrison, NJ, USA. The new legal entity, Tramec Continental-Aero, LLC, will be fully integrated into Tramec, LLC.
Continental-Aero, a stocking master distributor of nylon insert locknuts, all-metal locknuts and finished hex nuts will continue to focus on supplying the North American distributor market. Founded in 1948, Continental-Aero maintains stocking warehouses in Alsip, IL, USA; Arlington, TX, USA; Chino, CA, USA; and Harrison and maintains a sales office in Niles, IL, USA. Continental-Aero is best known for its distinguishable press-closed nylon lock nuts and its trademarked Royal Purple Tork Lok™ nylon insert. Sullo commented, “The addition of Continental-Aero expands Tramec’s product portfolio and enhances our presence in the fastener distribution marketplace. Continental-Aero provides an exceptional level of customer service and expertise in supplying both general-line fastener and vendor-managed inventory (VMI) distributors.”
To receive additional information and technical specifications on the fastener products available from Tramec Continental-Aero, LLC, visit the company’s website below. Www.tramec.com
Stanley Black & Decker to Acquire Infastech
Stanley Black & Decker, New Britain, CT, USA, an S&P 500 global diversified industrial company, has announced that it has entered into a definitive agreement to acquire Infastech, a leading global manufacturer and distributor of specialty engineered fastening technologies headquartered in Hong Kong, China, from CVC Capital Partners and Standard Chartered Private Equity Limited for US$850 million in cash.
With revenues of approximately US$500 million and more than 2000 employees, Infastech is one of the world’s leading producers of engineered mechanical fasteners and one of the largest Asia-based global players in the specialty mechanical fastener market. Infastech designs, manufactures and distributes highly-engineered fastening technologies and applications for a diverse blue-chip customer base in the industrial, electronics, automotive, construction and aerospace end markets. (…)
via Fastener Technology International – August/September 2012 : News & Info.