PE-backed MW Industries buys Hi-Performance Fastening Systems

MW Industries, which is backed by Genstar Capital, has acquired Hi-Performance Fastening Systems. No financial terms were disclosed. Based in Bensenville, Illinois, Hi-Performance Fastening Systems is a maker of precision products for the appliance, automotive, communication and housing markets.

PRESS RELEASE

Chicago, July 1, 2014 – MW Industries, a leading provider of highly engineered springs, specialty fasteners, machined parts, and other precision components, announced today the acquisition of Hi-Performance Fastening Systems, a manufacturer of precision products for the appliance, automotive, communication, housing and other assorted markets.

Founded 1989 and headquartered in Bensenville, IL, Hi-Performance Fastening Systems products include cold headed fasteners, thread forming screws, and pre-assembled screw and washer combinations known as “SEMS.” Its expertise is in a wide range of fastener products utilizing new equipment and processes.

Bill Marcum, CEO of MW Industries, said, “Hi-Performance Fastening Systems has a solid reputation in servicing the demands of the small to medium size fastener community with high quality products and excellent service. The company’s products and work force are highly complementary to our existing business base, and as part of the MW family of companies, we believe that Hi-Performance Fastening Systems is better positioned to penetrate our existing markets, including consumer, transportation, and various industrial markets.

MW has completed a number of acquisitions to strengthen its product offerings and customer base and is currently evaluating a strong pipeline of possible transactions.

About MW Industries
MW Industries, Inc., headquartered in Rosemont, IL, is a leading provider of highly engineered springs, specialty fasteners, machined parts and other precision components to more than 23,000 customers in over 35 countries. It’s 40,000+ products are sold through a combination of direct sales, catalogs and distributors to original equipment manufacturers and aftermarket customers in a number of industries, including medical, aerospace, electronics, agriculture/construction, automotive replacement, energy and military.

 

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