12/3/2012 11:43:00 AM
NEWS BRIEFS
Bossard Completes KVT Fastening Acquisition
The Bossard Group completed its acquisition of KVT Fastening on November 30 for an undisclosed sum.
KVT Fastening supplies fastening and sealing applications in German-speaking countries. The division has 230 employees in Germany, Switzerland, Austria and Central Eastern Europe. Previously part of the KVT Koenig Group, KVT Fastening handles 70,000 products for 25,000 customers from logistics centers in Dietikon, Switzerland; Illerrieden, Denmark; and Asten/Linz, Austria. Sales total CHF120 million (US$128.5m).
The acquisition comes weeks after Bossard sold its U.S. subsidiary, Bossard Metrics, to Lindstrom Metric LLC for an undisclosed sum.
Bossard Group has 1,600 people in 50 locations. Sales in 2011 totaled CHF474 million (US$507m). Web: Bossard.com ©2012 GlobalFastenerNews.com
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