VALENCIA, Calif.–BUSINESS WIRE–Wesco Aircraft Holdings, Inc. NYSE: WAIR, a leading provider of comprehensive supply chain management services to the global aerospace industry, today announced that it has entered into an agreement to acquire substantially all of the assets of Interfast Inc.“Interfast” for CDN$134 million in cash.
Interfast is a Toronto-based value-added distributor of specialty fasteners, fastening systems and production installation tooling for the aerospace, electronics and general industrial markets.
Interfast has a global presence working with both OEM original equipment manufacturers and MRO maintenance, repair and overhaul businesses to deliver proactive and innovative fastener-based solutions for a broad base of applications.Randy Snyder, Wesco’s Chairman, President and Chief Executive Officer said, “We are excited about the acquisition of Interfast, which we believe will accelerate our growth across North America and Asia and strengthen our relationships with several strategic aerospace customers. This highly complementary acquisition will also allow us to broaden our product portfolio to include new lines such as specialty industrial products.”(…)
via Wesco Aircraft Holdings to Acquire Interfast Inc. | Business Wire.