8/4/2009
HEADLINES
ACQUISITION: Senco Emerges From Chapter 11

Chicago private equity firm Wynnchurch Capital completed its acquisition of Sencorp out of Chapter 11 bankruptcy reorganization, (see FIN 6/1/2009). The sale, which included the brands SENCO and TyRex, was approved on July 2, 2009, by the U.S. Bankruptcy Court and closed on July 17, 2009. Terms were not disclosed.

The new company, Senco Brands Inc., includes both brands, as well as the SenSource global sourcing operation and all of Sencorp’s domestic and foreign businesses.

Sencorp had operated under the Global Fastening Solutions name, and its holdings included Senco Products, a global supplier of construction fasteners and air-powered nail guns.

TyRex supplies auto-feed screw systems.

Founded in 1951 by A.G. Juilfs, William Tillinghast and George Kennedy, Cincinnati-based Senco Products Inc. has been owned by the George Juilfs family. ©2009 GLobalFastenerNews.com

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