Trifast (TRI) - acquisition extends European presence into the German market
The industrial fastenings group has announced what appears to be the very attractively priced acquisition of a German industrial distributor to help further develop opportunities in the German market.
Trifast’s trading business TR Fastenings is a leading international manufacturer (33% of sales) and distributor (67% of sales) of industrial fastenings to the assembly industries, with operations in Europe, the Americas and Asia supplying both distributors and OEMs. TR has over 5,000 customers and has attained ‘preferred supplier status’ with over 40 global OEM customers.
Group sales derive from Automotive (31%), Electronics (21%) Domestic appliances (19%) Distributors (9%) with the remaining 20% from a combination…
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