Why This Matters to Distributors: The acquisition adds engineered fasteners and components to AFC Industries’ product capabilities and expands its presence with original equipment manufacturers in automotive, heavy equipment, construction, energy, and other industrial markets.
AFC Industries has acquired Signature Engineered Solutions, an Aurora, Illinois-based supplier of engineered fasteners, components and supply chain services to original equipment manufacturers and industrial customers.
Financial terms of the acquisition were not disclosed.
Signature Engineered Solutions supplies specialty threaded products, metal and plastic fasteners, clips, clamps, springs, rivets, and precision-machined components. The company serves customers in automotive, heavy truck, heavy equipment, construction, energy, electrification, heating, ventilation and air conditioning, and power generation markets.
The acquisition expands AFC’s engineered component business and adds Signature’s technical expertise and supplier relationships in the engineered fastener market.
“SES is a great example of the type of business we want to add to AFC,” CEO Kevin Godin said. “They have strong customer relationships, deep application expertise and a team that understands how to create value well beyond supplying a part.”
Signature works with original equipment manufacturers on fastening and assembly applications, including product selection and production requirements. The company operates a global supply network and works with engineered-fastener manufacturers.
The business also provides third-party logistics services to industrial manufacturers and distributors. Those services include warehousing, inventory management, order fulfillment, imports, supplier consolidation, kitting, labeling, light assembly, inspection, and custom packaging.
The acquisition gives Signature customers access to AFC’s broader supply chain and manufacturing services while adding Signature’s engineered fastener business to AFC.
AFC did not disclose whether Signature’s name, management, workforce, or Aurora operations will change following the acquisition.
West Chester, Ohio-based AFC provides vendor-managed inventory, engineered components and other supply chain services to manufacturers and assemblers. The company operates more than 100 locations in seven countries.
The acquisition adds another specialized industrial component and supply chain operation to AFC’s business, while extending its access to original equipment manufacturers in several transportation, construction, energy, and industrial markets.
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