2/20/2014 12:02:00 AM
NEWS BRIEFS
MW Industries Acquires Futuristics Components
Specialty spring and fastener manufacturer MW Industries acquired Futuristics Components, a manufacturer of precision turned components for the microwave, electronics, defense, aerospace and related industries.
Founded in 1988 and headquartered in Waterbury, CT, Futuristics’ products include fasteners, washers, timing devices, switches, and fittings. Its expertise is in miniature machined products requiring precision and extremely tight tolerances.
Futuristic Components will be integrated into MW’s RAF Electronic Hardware Division, located in nearby Seymour, CT. Web: futuristicscomponents.com
“The company’s products and work force are highly complementary to our existing facilities, and as part of the MW family of companies, we believe that Futuristics is better positioned to penetrate new markets, including the medical, electronics, communications, aerospace and avionics sectors,” commented MW Industries CEO Bill Marcum.
The acquisition in MW Industries’ sixth in under three years.
Headquartered in Rosemont, IL,MW Industries employs more than 1,000 workers at 14 U.S. locations to manufacture springs, specialty fasteners and other components for more than 23,000 customers in 35 countries. Its 40,000 products are sold through a combination of direct sales, catalogs and distributors to OEMs and aftermarket customers in the medical, aerospace, electronics, agriculture/construction, automotive replacement, energy and defense industries.
MW Industries is a portfolio company of private equity firm Genstar Capital. Web: mw-ind.com ©2014 GlobalFastenerNews.com
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