Shimtech Industries Acquires Fastener Technology Corp
December 16, 2019
Shimtech Industries, a PE-backed aerospace components platform, has acquired Fastener Technology Corp. (FTC), a North Hollywood supplier of high-strength specialty fasteners for commercial and military aerospace customers. FTC will remain led by its existing management team and will integrate with Shimtech's aerospace divisions to expand manufacturing capacity and product offerings.
- Buyers
- Shimtech Industries, Inflexion Private Equity, Auctus Industries
- Targets
- Fastener Technology Corp.
- Sellers
- Existing shareholders of Fastener Technology Corp. (including founder Bulent Gulistan)
- Platforms
- Shimtech Industries
- Industry
- Aerospace & Defense
- Location
- California, United States
- Transaction Type
- Addon
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