11/15/2013 10:49:00 AM
NEWS BRIEFS
OMG Acquires PAM Fastening Technology
Construction fastener manufacturer OMG Inc. acquired Charlotte, NC-based PAM Fastening Technology Inc. in a stock purchase. Terms were not disclosed.
PAM was founded in 1982 by Buhnen International GmbH of Bremen, Germany, and has two product lines: auto feed screw systems and collated screws for decking and flooring, and hot melt tools and adhesives for flooring and carpet installation. PAM sells its products throughout the U.S. and Canada under the PAM and Buhnen brand names.
OMG plans to integrate PAM into its FastenMaster business.
“This acquisition is significant for FastenMaster in several ways,” said OMG CEO Hubert McGovern. “It strengthens our position in the exterior deck market, offers growth opportunities in sub-flooring, and gives us a significant opportunity to expand and leverage the FastenMaster brand with hot melt adhesives.”
FastenMaster general manager John Ashe added that the deal “provides opportunities to expand the FastenMaster brand into several new market segments.”
OMG will continue to operate PAM from its existing facilities in Charlotte initially, but plans to transition the business to Massachusetts over time.
Founded in 1981, OMG produces its products as OMG Roofing Products, FastenMaster and OlyLog Log Home Fasteners, and is headquartered at 153 Bowles Rd., Agawam, MA 01001. Tel: 800 633-3800 Web: olyfast.com ©2013 GlobalFastenerNews.com
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