By AFJ , 2012-08-27 12:00:00
Pneumatic nail gun manufacuturer Senco Brands has acquired Expandet A/S, a family-run manufacturer of fasteners used in professional and do-it-yourself building applications throughout Europe, the Middle East and Africa. Terms were not disclosed.
Founded in 1955 by the Mortensen family, the business is based in Graested, Denmark.
The Expandet business will report to Peter van der Wel, president of Senco Brands International of Cincinnati, Ohio.
Senco Brands CEO Ben Johansen said in a statement. “We look forward to what Expandet can provide our global business in terms of product diversification and alternative markets.”
Cincinnati, Ohio based Senco Brands is a market leading manufacturer of pneumatic tools and fasteners. It’s owned by Wynnchurch Capital. Expandet is its first acquisition since Wynnchurch bought Senco Brands out of bankruptcy in 2009.
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