3/14/2016 2:58:00 PM
HEADLINES
ACQUISITION: Hi-Tech Fasteners Acquires Wesco Aircraft Canada
Hi-Tech Fasteners of Canada Inc. acquired the industrial fastener business of Wesco Aircraft Canada, Electronic Products & Technology (EP&T) reports. Terms of the deal were not disclosed.
“We are very excited about the opportunity to further expand our presence throughout Canada,” stated Hi-Tech Fasteners president Tom Waller. “The added personnel, resources and experience this acquisition brings will enable us to do an even better job of servicing the growing manufacturing base we see here.”
The acquisition allows Hi-Tech to service western Canada with local inventory in British Columbia, according to EP&T.
“We are tripling the size of our Mississauga warehouse and will also capitalize on Wesco’s presence in Vancouver,” added sales manager Steve Hill. “In addition to our experienced team here, we are adding some key individuals who understand the business.”
Wesco Aircraft Canada was a division of Southern California-based Wesco Aircraft, which manages aerospace supply chains, with over 525,000 parts, including nuts, bolts, bushings, clamps, collars, pins, screws and washers. The company has than 2,700 employees across 80 locations in 19 countries. Web: wescoaircraft.com
Hi-Tech added its Canadian division in September 2013 when it opened Hi-Tech Fasteners of Canada in Toronto. The Hi-Tech Fasteners of Canada warehouse is located at 6350 Tomken Rd #7, Mississauga, ON L5T 1Y3.
Frederick MD-based Hi-Tech Fasteners is a stocking distributor for engineered fastener, electronic hardware and mechanical component lines for the electronics, telecommunications, medical, computer, aerospace, instrumentation and other high-tech and commercial industries. Web: hitechfasteners.com
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