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NEWS
Anixter buys Eurofast in France On 21 May Anixter International Inc announced that it had acquired Eurofast SAS from Lisi SA. Eurofast, based in Collegien, France, is an aerospace fastener distributor. Anixter says the acquisition will complement its product offering with a broad array of valued-added services and inventory management programs to OEMs in the aerospace and defense industries. For 2007, Eurofast is expected to generate sales of approximately $22 million (16.1 million euros). Anixter paid approximately $27 million (19.8 million euros) in cash, for all of the outstanding shares of Eurofast. Commenting on the acquisition, Bob Grubbs, president and CEO of Anixter, said, “We are pleased to have acquired Eurofast and the excellent team of people involved at the company. This acquisition is another step in the geographic expansion of our OEM supply business through the addition of important customers, primarily within France, in an end market where we have little penetration today within Europe. Given our stated goal of building on our current strategic platform to drive future organic sales growth, this acquisition is a nice addition to our existing business”.
Atotech acquires KUNZ GmbH Atotech has announced the acquisition of KUNZ GmbH based in Trebur, Germany. The acquisition also includes KUNZ GmbH related companies ICP GmbH, UCI GmbH, DCS GmbH and the zinc flake and electroplating activities of SIDASA based in Barcelona, Spain. The acquisitions strengthen Atotech’s global market position in the area of corrosion resistant coatings, adding the Zintek range of zinc flake products as well as advanced plating and posttreatment technology to Atotech’s corrosion resistant coatings program. The acquisitions are part of Atotech’s strategy to create a global partner to the automotive industry and their suppliers, providing leading technology and best local service in all fields for surface finishing. With the KUNZ and SIDASA acquisitions, Atotech is the sole supplier that can offer both electroplating and zinc flake coatings
for corrosion protection. For the SIDASA zinc flake coating equipment, Atotech has been assigned as exclusive distributor. The former headquarters of KUNZ in Trebur pictured above was integrated into the central Atotech organisation as a centre for zinc flake and sealer R&D, as well as a production location for the zinc flake products. SIDASA electroplating and zinc flake personnel have joined the Atotech organisations in Spain, Italy and France.
Global Plastics relocate Global Plastics has relocated to a new high tech industrial unit on the perimeter of the fast expanding Farnborough airport in Hampshire. The relocation allows Global to reduce overheads and enjoy far better infrastructure, after 15 years of London based trading. Global is also able to increase its stock and continue the expansion of its generic cable tie and wiring accessory range. A new range of metric Nylon setscrews, nuts and washers has been added and Global will introduce a competitive range of security seals in July. Global says its new websites offer the convenience of next day service to over 95% of its retail range, complemented by its corporate website offering manufacturers and distributors a next day sample service for evaluation. The website is also linked to Global’s customer enquiry database, which has been heavily invested in to create easy to use solutions and fast, friendly service.
Issue 46 – July 2007 – Fastener & Fixing Europe – www.fastenerfair.com