Fabory has agreed to acquire the fastener division of Importinox, further strengthening Fabory’s position as fastener specialist in Portugal and the broader Iberia region, Fastener + Fixing Magazine reports.

Founded by Antonio Cerejeira in Maia, in the North of Portugal, in 1988, current co-owner and GM Joaquim Polónia has developed the business to supply specialized fasteners and perforated plates in combination with value added services, including product customization capabilities, and digital and logistics solutions. Web: Importinox.com

“We are proud to welcome the Importinox fastener specialists to Fabory,” stated CEO Francisco Terol. “Finalizing this deal will make Fabory the market leader in the Portuguese fasteners market and we are looking to further build our positioning across Iberia.”

The deal provides Fabory with over 1,000 accounts in the mechanical engineering and construction markets, according to Fastener + Fixing.

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