Park-Ohio Acquires Southern Fasteners & Charter Automotive (Changzhou)
August 2, 2022
Park-Ohio Holdings Corp. completed two acquisitions for its Supply Technologies segment: Southern Fasteners & Supply, Inc., a Winston-Salem, North Carolina-based fastener and MRO distributor (approx. $25M revenue), and Charter Automotive (Changzhou) Co. Ltd., a Changzhou, China-based fastener/automotive components manufacturer (approx. $15M revenue). Both transactions are expected to be immediately accretive and to expand Park-Ohio's fastener manufacturing capability and MRO/distribution footprint.
- Buyers
- Park-Ohio Holdings Corp.
- Targets
- Southern Fasteners & Supply, Inc., Charter Automotive (Changzhou) Co. Ltd.
- Industry
- Manufacturing
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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