Fabory Group named Francisco Terol to replace Ronald Baarslag as its CEO.

Terol brings general management, sales, strategic marketing and end market experience, according to Fabory.

“We look forward to working together with Francisco in the next phase of Fabory’s development,” commented Fabory.  “We would also like to express our thanks and gratitude to Ronald Baarslag, former CEO of Fabory, for his leadership and commitment over the last 8 years and we wish him all the best in the future.”

In 2020, Fabory was sold by Grainger to Dutch capital firm Torqx Capital Partners for an undisclosed sum.  Grainger had acquired Netherlands-based Fabory in 2011 for $346 million.

Founded in 1947 as Borstlap & Sons, Fabory employs 1,100 to supply fasteners to more than 60,000 customers in EU markets through 44 branches in 13 countries.  Web: Fabory.com