Würth Industry North America compteled the acquisition of Fasco Fastener.

Würth Industry North America, a $1bn division of the Würth Group, the world's largest fastener distribution company, has acquired Fasco Fastener, a strong brand and 40-year distributor of stainless steel, silicon bronze, and brass fasteners to the wholesale, OEM and large retailer trade. Financial terms were not disclosed. The acquisition of Fasco fits into Würth Industry’s strategy to provide expert supply chain solutions of industrial fasteners, safety, and MRO products and complements Wurth Industry’s strength in the marine market from Marine Fasteners, the premier distributor of stainless steel fasteners for marine OEMs. Fasco Fastener, together with Marine Fasteners, will provide expanded services to customers across the US, Mexico, Canada, and Brazil. "Würth Industry has strong growth targets, both organically and through key acquisitions. This investment represents an important strategic opportunity to offer better supply chain solutions and cost savings for manufacturers across North America," Dan Hill, Würth Industry North America CEO.