The Bossard Group, a fastening solutions provider, has acquired PennEngineering’s Canadian distribution business. Based in Concord, Ontario, Canada, PENN Engineered Fasteners Corporation supplies industrial segments such as automotive, energy, agriculture and appliances with innovative fastening solutions, and generates annual sales of around USD $25 million.
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“Building on our previous investments in Canada, adding PEF’s capability, we will be able to expand our services in this key market. We are excited to welcome PEF employees to the Bossard family and look forward to further developing our business together in the Canadian market,” David Jones, CEO of Bossard America, said.
