Jason Sandefur

UK-based Doncasters Group completed its acquisition of fastener maker FastenTech Inc. from parent company Citigroup Venture Capital for $492 million.
“Our strategy is to expand our North American presence and the acquisition of FastenTech Inc. is crucial to this,” commented Doncasters CEO Eric Lewis.
“There are strong opportunities in our chosen markets and we plan to integrate the complementary strengths of the two businesses to support growth in market share,” Lewis continued. “This is likely to mean further investment – prior to the acquisition we were already planning US$150 million of capital expenditure.” \ �2007 FastenerNews.com