Floform Acquires Tower Ltd.

John Wolz

Floform Limited announced it has acquired the forged products division of international rivet supplier Tower Manufacturing Limited.
Welshpool, UK-based Floform manufactures cold formed components for the automotive, auto electrical, power semiconductor and door and window hardware industries.
Tower�s largest market is automotive clutches and truck brakes for both OEMs and aftermarkets. Tower products are used in a variety of industrial fixing applications, including friction hinges on double glazed windows.
Floform CEO Eric Bolam said that recent investments at the company�s mid Wales facility and the Tower acquisition are part of “our strategy for continued growth,” which “will significantly increase our sales, complement our existing manufacturing facilities and provide potential for future expansion.” Web: floform.co.uk �2002 FastenerNews.com