Würth Group starts the business year 2008 dynamically with acquisitions: Two acquisitions with total annual sales of more than 130 million EUR are added to the Würth Group
Künzelsau. The Würth Group starts the business year 2008 with two strategically important acquisitions. In the future, the Danish trading firm Arvid Nilsson A/S and the US American trading firm Marine Fasteners Inc. will be members of the Würth Group.
Arvid Nilsson A/S supplements Würth Industrial Network
With the reservation that the cartel authorities agree, the Würth Group took over the Danish trading firm for fastening and assembly technology, Arvid Nilsson A/S on January 3, 2008. With this move, the Würth Group expands its global supply network for industry customers even more in the Scandinavian countries. The Würth Industrial Network (WINWORK) thus covers 35 businesses on all continents and safeguards the infrastructure for the procurement management of assembly material and fasteners to be monitored globally particularly for Würth customers with an international footprint.
Arvid Nilsson A/S located in Hvidovre, Denmark with branch offices in Norway, Sweden and China is one of the leading trading firms for fasteners and assembly material in Scandinavia. Furthermore, the manufacturing company Dokka Fasteners AS situated in Norway also forms part of the trading group Arvid Nilsson A/S and is specialized on the production and sale of high-quality fastening material. In past years, the trading group has been growing continuously and expects sales of more than 110 million EUR in the business year 2007. The company has 350 employees on the payroll.
Marine Fasteners Inc. boosts business segment stainless steel fastening technology
On January 8, 2008, the Würth Group acquired the US American trading firm Marine Fasteners Inc. located in Sanford, Florida and additional locations in Indiana, Missouri and Wisconsin. Marine Fasteners Inc. is an expert in the field of stainless steel fastening material mainly used in boatbuilding and shipping. According to information provided by Marine Fasteners Inc., the business is the market leader in the US in this industry. The company also supplies general industry customers. For the Würth Group in the US, these are important markets whose potential is supposed to be tapped into more intensively in the future.
In past years, the business development of Marine Fasteners Inc. has been characterized by profitable growth. In 2006/2007, the business reported sales of more than 30 million US $ and currently has more than 60 employees on the payroll.