FastenTech Buys Stud Welding Associates

Jason Sandefur

FastenTech Inc. has acquired Ohio-based BNC & Associates Inc. for $17.2 million cash. BNC, through its operating subsidiary, Stud Welding Associates Inc., manufactures and distributes stud welded fasteners and systems to the construction, industrial, energy, and marine markets. SWA specializes in cold heading of stud welded fasteners, accessory machining, and the manufacture of high-strength refractory anchors.
“This acquisition, coupled with our acquisition of Erie Bolt Corporation last month, bolsters our leadership position as a provider of highly-engineered, complex steel and high-strength alloy components, fasteners and application equipment,” stated FastenTech CEO Ron Kalich.
BNC will become a unit of FastenTech’s Specialized Components segment, which reported an 18.2% sales growth to $185.6 million in 2005. Web: fastentech.com �2005/6 FastenerNews.com