MW Industries Acquires RAF Electronic Hardware

Jason Sandefur

MW Industries Inc. acquired RAF Electronic Hardware, a division of R&R Manufacturing Company Inc.

Seymour, CT-based RAF is a manufacturer and catalog marketer of electronic hardware components supplying the computer, telecommunications, medical, defense and aviation industries. Products include standoffs, spacers, handles & ferrules, male/female standoffs, captive screws, retainers, jackscrews, precision shoulder screws, thumbscrews, thumbnuts, swage standoffs, insulating washers, anti-rotation swage standoffs, swaging tools, and plastic circuit board supports.
RAF is headquartered at 95 Silvermine Rd., Seymour, CT 06483. Tel: 203 888-2133 Fax 203 888-9860 E-mail: info@rafhdwe.com Web: rafhdwe.com

Logansport, IN-based MW Industries manufactures springs, stampings and fasteners. Founded 80 years ago, MWI operates 13 facilities with 900 employees. MWI supplies the global transportation, construction, agriculture, electronic, energy, medical, power tool and industrial machinery industries with precision-engineered custom parts and catalog components in 35 countries. MWI also owns Accurate Screw Machine. MWI is headquartered at 101 Godfrey St., Logansport, IN 46947-7008. Tel: 574 722-8242 Fax 574 722-8224 Web: mw-ind.com

Terms of the transaction were not disclosed.

MWI CEO Dan Sebastian said RAF complements “our existing catalog operations, adds critical mass to our presence in key segments of the technology sector and strengthens our distribution network.”

CFO Jim Callaghan added that RAF “is a strong and well-regarded brand in its markets. We believe there is great opportunity to leverage RAF’s strong market position for even greater growth in the future.”

R&R president Tom Rafferty described the right buyer as “critical to us. We believe that MW Industries is a great fit with RAF. They understand RAF’s products and markets, and have the capital resources to invest in the company and its people.”

MW Industries is partnered with Brockway Moran & Partners, a private equity firm with more than $1.3 billion of capital under management. Brockway Moran is currently investing its third private equity fund – Brockway Moran & Partners Fund III L.P., a $700 million fund whose investors include a distinguished group of endowments, foundations, corporate and public pension funds and leading financial institutions. Brockway Moran has completed over 40 acquisitions since 1998. Web: brockwaymoran.com �2008 FastenerNews.com