MW Industries, a provider of springs, specialty fasteners, machined parts, and other precision components, announced today the acquisition of Hi-Performance Fastening Systems, a manufacturer of products for the appliance, automotive, communication, housing and other assorted markets.
Hi-Performance Fastening Systems products include cold headed fasteners, thread forming screws, and pre-assembled screw and washer combinations known as “SEMS.” The company was founded 1989 and headquartered in the Chicago suburb of Bensenville (www.callhpfs.com).
“Hi-Performance Fastening Systems has a solid reputation in servicing the demands of the small to medium size fastener community with high quality products and excellent service. The company’s products and work force are highly complementary to our existing business base, and as part of the MW family of companies, we believe that Hi-Performance Fastening Systems is better positioned to penetrate our existing markets, including consumer, transportation, and various industrial markets“, said Bill Marcum, CEO of MW Industries.
MW Industries is a provider of springs, specialty fasteners, machined parts and other precision components to more than 23,000 customers in over 35 countries. It’s 40,000+ products are sold through a combination of direct sales, catalogs and distributors to original equipment manufacturers and aftermarket customers in a number of industries, including medical, aerospace, electronics, agriculture/construction, automotive replacement, energy and military. The company is based in the Chicago suburb of Rosemont (www.mw-ind.com).
MW Industries has completed a number of acquisitions to strengthen its product offerings and customer base and is currently evaluating a strong pipeline of possible transactions.
2014 PEPD • Private Equity’s Leading News Magazine • 7-2-14