Wurth Industry buys US distributor of marine fasteners
Wurth Industry North America has acquired Fasco Fastener, a distributor of stainless steel, silicon bronze and brass fasteners, as part of its global growth strategy.
Indianapolis, Indiana-based Wurth is the parent company of Marine Fasteners, a distributor of stainless steel fasteners for marine, solar and general manufacturing markets and together with Fasco will provide expanded services to customers across the US, Mexico, Canada and Brazil, according to a company statement.
“Wurth Industry has strong growth targets, both organically and through key acquisitions. This investment represents an important strategic opportunity to offer better supply chain solutions and cost savings for manufacturers across North America,” said Dan Hill, CEO for Wurth Industry North America.
Terms of the transaction were not disclosed.