ACQUISITION: Trifast Completes Serco Ryan Acquisition; Auld Added to Trifast Board

Jason Sandefur

Steve Auld is the new executive director of Trifast plc upon the completion of Trifast”s acquisition of Serco Ryan.
Trifast, the parent company of global fastener and distributor of industrial fastenings and VMI supplier TR Fastenings, completed its �18 million (US$31.6 million) acquisition of Serco Ryan from Lillieshall, a subsidiary of Wyko Holdings Limited.
Auld continues as managing director of Serco Ryan and joins the Trifast board to provide support to the European operations. Auld, 45, joined Serco Ryan in 1990 as sales & marketing director and was promoted to managing director in 2004. Auld is chair of the British Association of Fastener Distributors and vice president of the European Fastener Distributor Association.
Serco Ryan principally operates in the UK from eight locations with a central warehouse located near Kidderminster. Trifast operates 22 sites in Europe and international operations across the Far East and the U.S.
Serco Ryan adds railway, boat building, general industry, domestic appliances and building to Trifast”s business. Trifast has traditionally focused on the electronics and telecommunications, general industrial and automotive related sectors.
Auld described the acquisition as “a good strategic fit for Serco Ryan” and an opportunity to “further build the TR brand in Europe.” �2005 FastenerNews.com