1/25/2016 11:29:00 AM
HEADLINES
ACQUISITION: EFC Int’l Acquires Technology Components Southwest

EFC International acquired Texas-based fastener distributor Technology Components Southwest (TCS).  The acquisition, “along with other future targeted acquisitions, is part of EFC’s plan for regional/global expansion, market diversification, and enhanced product/service offerings,” EFC stated.

Fort Worth, TX-based Technology Components Southwest was formed in 2004 after acquiring the sales and distribution rights for Rivetnut Products in the Southwest region and Mexico border, including maquiladoras (manufacturing facilities).  Web: technologycomponents.com

TCS Partners Jimmy Brown and Tom Buddenbohn stated that “EFC’s global footprint, differentiated value proposition, strong brand recognition and unique business strategy creates an exciting opportunity for our employees, customers, suppliers and business partners.”

EFC CEO Matt Dudenhoeffer noted that “TCS’ location and presence in the Southwest expands our coverage in that region thereby enhancing our ability to service customers with local engineering support and inventory.  

“The newly combined entity will benefit from numerous synergies that will accelerate growth as well as strengthen the value we bring to both customers and suppliers throughout North America and globally.”

Founded in 1983, EFC distributes engineered fasteners to the OEM and distribution markets.  EFC has facilities in St. Louis, Chicago, Atlanta, Detroit, Guelph (Ontario), Querétaro (Mexico), and Shanghai (China).  Web: efc-intl.com