SFS Group Announces Acquisition Of Triangle Fastener Corporation
Pittsburgh, PA - SFS Group has announced its acquisition of Triangle Fastener Corporation. TFC, with headquarters in Pittsburgh, USA, is a leading provider of fasteners and other products for the commercial construction industry. TFC produced sales
of more than $ 70 million in 2018 and has approximately 200 employees. Thanks to this acquisition, SFS will be able to expand access to the market and its customers in the American building sector.
TFC was founded in 1977 and supplies end-users in the commercial construction industry with a comprehensive assortment of customer-specific fasteners, as well as other application solutions. TFC sells its products to roughly 6,000 active customers through
23 separate branch locations in 15 states, and is one of the leading suppliers in the Eastern United States.
TFC will operate as a part of the Construction division within the Fastening Systems segment. The company will be led by the existing management, thus ensuring its continuity.
About SFS Group AG
SFS is a worldwide
leading supplier of mechanical fastening systems and precision molded parts. SFS Group AG comprises the three segments Engineered Components, Fastening Systems and Distribution & Logistics, which represent the respective business models. In the
Engineered Components segment, SFS acts as a development and manufacturing partner for customer-specific precision-molded parts, fastening solutions and assemblies. Engineered Components appears on the market with the four divisions of Automotive,
Electronics, Industrial and Medical. The Fastening Systems segment, made up of two divisions, Construction and Riveting, develops, produces and sells application-optimized, mechanical fastening systems. In the Distribution & Logistics segment,
SFS is a leading partner for fasteners, tools, fittings and innovative logistics solutions in Switzerland. With its more than 80 distribution and production facilities, the SFS Group is represented worldwide in 26 countries. In the 2018 business year,
with around 10,000 employees (FTE), it generated sales of CHF 1,738.6 m. To learn more, visit https://www.sfs.biz/ch/en/.