ACQUISITION: TZ Acquires Mqube Design

Jason Sandefur

Fastener group TZ Ltd. bought design firm MQube Design, which will serve as a new product design technology operation in Austin, TX. TZ paid $121,064 in stock and cash.
The Mqube team brings a strong emphasis in consumer electronics, including computers, TVs and handheld communications devices.
Mqube will become part of TZ”s Product Design Technology business, which reported revenues of $19 million and earnings of $3 million in 2005.
In other news, TZ received a $1 million order from Textron Fastening Systems to accelerate design, engineering and production of three industrial-strength intelligent fastener products. The two companies have partnered to produce TZ”s Intevia Intelligent Fastenings Systems. \ �2006 FastenerNews.com