logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

PennEngineering® Acquires Sherex Fastening Solutions

Jan 16, 2024•almost 2 years ago

Acquiring Company

PennEngineering®

Acquired Company

Sherex Fastening Solutions

DanboroNorth TonawandaIndustrial Machinery ManufacturingAutomotive

Description

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.

Company Information

Company

PennEngineering®

Location

Danboro, Pennsylvania, United States

About

Since our founding in 1942, PennEngineering® has grown to become the premier engineered fastening, installation and wire protection resource worldwide. Our global footprint enables us to manufacture our products in the regions where they're consumed with a network of in-house technical engineering experts at every location. Our global presence and support enables us to deliver highly technical solutions wherever and whenever you need them.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed