6/21/2013 1:42:00 AM
HEADLINES

UK-based Doncasters Group Limited signed a letter-of-intent to purchase
Automatic Screw Machine Products from Lawson Products for $12.5 million,
according to an 8-K report filed with the SEC on Friday, June 14.  The deal
is expected to close in the third quarter of 2013.

Automatic Screw manufactures internally threaded fasteners for aerospace applications.

Doncasters provides aerospace OEMs with precision manufactured turbine airfoils, rings & casings, structural castings, compressor airfoils, combustion components and fabrications & exhausts for application in gas turbine engines, as well as aerostructures and components for airframe applications.  

With the addition of ASMP, Doncasters will expand their offering to include internally free spinning and locking nuts required for critical aerospace applications. 

Ken Caratelli, Managing Director of the Doncasters Fastener Systems Division, noted that, “ASMP offers a robust combination of broad based manufacturing processes, proven quality systems, low cost in-country sourcing and supply chain management.  Because of this, aerospace customers have routinely found ASMP to be a strong supply chain partner – allowing them to quickly and securely consolidate their vendor base.”  

ASMP’s Secondary Operations Department is equipped to perform automated tapping, cross drilling, slotting, milling, counter-sinking and more. 

If acquired, Doncasters intends to lease Automatic Screws’s property located in Decatur, AL.

Doncasters currently employs 5,000 people in 30 sites across the UK, Continental Europe, the U.S., Mexico and China.  ©2013 GlobalFastenerNews.com

Related Stories:

• Gains Continue for U.S. Fastener Exports

• PERSPECTIVE – Werner, Swain & Wilson: How to Buy Fasteners