Acquiring Company
PennEngineering®
Acquired Company
Sherex Fastening Solutions
DanboroBuffaloIndustrial Machinery ManufacturingAutomotiveDescription
PennEngineering® has announced the acquisition of Sherex Fastening Solutions, a global leader in the design, manufacturing, and installation of blind rivet nuts and associated fastening solutions. The acquisition positions PennEngineering® to be the premier provider of rivet nuts worldwide, strengthening its ability to deliver innovative, high-quality fastening solutions to customers around the globe. The acquisition also allows Sherex to provide customers with additional global manufacturing capability to meet their demands worldwide, while continuing to provide enhanced value to its customers.
Quick answer
PennEngineering® is acquiring Sherex Fastening Solutions, announced January 16, 2024. PennEngineering® is based in Danboro, Pennsylvania, United States.
- How much did PennEngineering® pay for Sherex Fastening Solutions?
- The deal value was not disclosed.
- What does PennEngineering® do?
- Since our founding in 1942, PennEngineering® has grown to become the premier engineered fastening, installation and wire protection resource worldwide.
- Where are PennEngineering® and Sherex Fastening Solutions based?
- PennEngineering® is based in Danboro, Pennsylvania, United States. Sherex Fastening Solutions is based in Buffalo, New York, United States.
Source: Fundz verified event record.
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Frequently asked
Who acquired Sherex Fastening Solutions?
Sherex Fastening Solutions was acquired by PennEngineering®, based in Danboro. The deal was reported on January 16, 2024. Since our founding in 1942, PennEngineering® has grown to become the premier engineered fastening, installation and wire protection resource worldwide. PennEngineering® is privately held and operates in Industrial Machinery Manufacturing.
When did PennEngineering® acquire Sherex Fastening Solutions?
PennEngineering®'s acquisition of Sherex Fastening Solutions was reported on January 16, 2024. PennEngineering® has announced the acquisition of Sherex Fastening Solutions, a global leader in the design, manufacturing, and installation of blind rivet nuts and associated fastening solutions. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Sherex Fastening Solutions do?
Sherex Fastening Solutions is the industry’s first choice in solving engineered fastening challenges. Combining fasteners, tooling, and automation, we have a unique approach to deliver innovative solutions at the lowest total installed cost. It is privately held, operating in Automotive, and is based in Buffalo.
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