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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