7/9/2012 12:20:00 PM
HEADLINES
ACQUISITIONS: Wesco Aircraft Completes Interfast Deal

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Southern California aerospace distributor Wesco Aircraft Holdings Inc. completed its acquisition of Canada-based Interfast Inc. for CDN$134 million (US$130.3m).
Interfast is a Toronto-based distributor of specialty fasteners, fastening systems and production installation tooling for the aerospace, electronics and general industrial markets. Interfast supplies OEM and MRO customers.

Wesco chairman Randy Snyder said the Interfast acquisition “will accelerate our growth across North America and Asia and strengthen our relationships with several strategic aerospace customers. This highly complementary acquisition will also allow us to broaden our product portfolio to include new lines such as specialty industrial products.”

Wesco also gains Interfast’s MRO business.

The acquisition is expected to close by the beginning of its fiscal fourth quarter.

Wesco Aircraft distributes 475,000 hardware, bearings, tools, electronic components and machined parts to the global aerospace industry. Services include quality assurance, kitting, just-in-time delivery and point-of-use inventory management.

Wesco Aircraft has more than 1,000 employees at 30 locations in 11 countries and is headquartered at 27727 Ave. Scott, Valencia, CA 91355-1219. Tel: 661 775-7200 E-mail: sales@wescoair.com Web: wescoair.com

Interfast is headed by CEO Douglas Woollings and president Peter Oleck. Interfast supplies aerospace, airline and industrial customers from offices in the U.S., Canada and Europe and is headquartered at 22 Worchester Rd., Toronto, Ontario M9W 52. Tel: 416 674-5804 or 800 263-6167 Web: interfast.ca ©2012 GlobalFastenerNews.com