NEWS ForgeFix reports record sales
UK distributor of fixings, fastenings and associated products, ForgeFix reports that it is 36.5% ahead of forecasted sales for the first nine months of the year.
T T
he company, which offers over 3,000+ product lines including screws, nails, bolts and drill bits, attributes its success to a combination of continued product innovation and a long standing commitment to providing the highest standards of service and support. The business has added a number of new products to its range over the past twelve
months. These include Dryline Pro which addresses the challenge of fixing heavyweight items into dot-and-dab walls, the popular Torxfast woodscrew and TileMax drill bits, which enable users to drill through tiles with greater precision and ease. Mike Smith, sales and marketing director at ForgeFix, explains: “As a company, ForgeFix
is fully committed to adding value to our customers by combining high quality products with innovative sales initiatives. Over the past year we’ve worked hard to maintain this commitment while also raising awareness of the brand through a sustained marketing campaign.” ForgeFix has recently invested in a new 10,000 square foot warehouse. Situated next to the
company’s existing warehouse, this will provide capacity for an extra 950 pallets and will enable the business to meet increasing demand for its products without compromising on service levels or its ability to offer next day deliveries. It has also taken on four additional members of staff to support its growth and to help further drive sales.
TR plans Malaysian acquisition
Trifast plc has agreed conditional terms to acquire the entire issued capital of Power Steel and Electro-plating Works Sdn Bhd (PSEP), a privately owned Malaysian manufacturer and distributor of fasteners.
he acquisition together with a bank facility drawdown and the placing of 21.6 million shares, aimed at raising £8 million, are subject to shareholder approval at a General Meeting to be held 13th
December 2011. Just short of 4.5 million shares have been conditionally placed with two current substantial shareholders. Trifast chairman, Malcolm Diamond, commented on the acquisition: “PSEP represents an
excellent strategic fit for Trifast as PSEP operates as a manufacturer of highly engineered parts to the automotive, motorcycle and compressor industries. This will enable Trifast to offer a full range of threaded fasteners manufactured within the enlarged Group’s facilities to these industry sectors which the directors consider to be strategic for its global aspirations.” He added: “The PSEP’s operational management team will benefit from Trifast’s global sales and marketing resources and will present opportunities beyond its current customer base, whilst simultaneously allowing Trifast access to PSEP’s client base. The acquisition of PSEP will enable the Group to increase the size of its overall business with negligible overlap with Trifast’s existing business and is consistent with Trifast’s strategy to grow by acquisition whilst capitalising on investment and organic growth opportunities. There is also a significant opportunity to grow the combined businesses in Asia by investing in new facilities, plant and machinery.”
Adolf Schnorr and Hugo Bauer merge
Adolf Schnorr GmbH & Co. KG and Hugo Bauer Nachf GmbH have recently merged their professional competences into one company - Schnorr GmbH.
H
ugo Bauer Nachf. GmbH (HBN) is a small but well known German manufacturer of disc springs with a long history and high reputation for quality products. HBN has been a member of the Schnorr group since 1995 operating as a separate entity. In order to improve customer fulfilment, all operational activities were merged
into one company - Schnorr GmbH. The new company will offer the full variety of SCHNORR and HBN products with one face to the customer. “As a result of the two companies merging we now provides the highest flexibility in the
marketplace. All variations of disc springs, (i.e. stamping, turning or fineblanking) offer the best solution for the specific demands of each single customer.” The SCHNORR product line is completed by serrated safety washers and load washers.
14 Fastener + Fixing Magazine • Issue 72 November 2011
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