1/12/2015 11:08:00 AM
NEWS BRIEFS
Bossard Acquires Italian Fastener Supplier
The Bossard Group acquired the fastening solutions division of Forind Avio Elettronica S.p.a. for an undisclosed sum. Forind Avio’s fastener division has annual sales of CHF 6 million and employs 10 people.
“The acquisition of the fastening solutions division from the portfolio of Forind Avio Elettronica S.p.a. should now help towards consolidating the market position of the group in Italy,” the company stated.
Bossard already operates a branch office in Legnano, near Milan, with more than 20 employees.
Founded in 1968, Forind Avio Elettronica S.p.a. supplies the aerospace, telecommunications and electronics industries. Web: forind.it
The acquisition is expected to be complete by February 2015.
The deal is the latest in a string of acquisitions for Bossard. In early January Bossard completed its acquisition of Arizona-based distributor Aero-Space Southwest. And in December Bossard acquired a 60% stake in Oslo, Norway-based Torp Fasteners.
Züg, Switzerland-based Bossard Group is an international supplier industrial fasteners and assembly technology, with over 800,000 products, technical consulting and warehouse management. The group has more than 1,800 employees in 60 locations. Web: Bossard.com
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