By JIM MACKINNON , 2017-03-03 09:44:04
Hudson-based automotive industry fastener maker Ramco Specialties Inc. is co-creating a new company with a Swedish fastener firm.
The new company, Ram-Bul LLC, is being formed in conjunction with Bulten, a fastener manufacturer in Gothenburg, Sweden. Ramco and Bulten have a partnership arrangement in Europe.
The two companies have equal owner in the joint venture, which will begin operations this year and be based at Ramco’s Hudson campus. Ram-Bul will offer sales and distribution of fasteners for the North American market.
The companies said they each will benefit from shared resources and capabilities that Ram-Bul offers.
Bulten also created a new production subsidiary, Bulten North America LLC, to introduce bolt manufacturing to Ramco in Ohio and expand Ramco’s manufacturing capabilities, the companies said in a press release.
Source: http://www.ohio.com
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