Founded in 1964 by the Perini family, VIC predominantly manufactures and distributes fastening systems for the white goods industry, numbering most of the European major brands as customers, and has recently expanded into automotive lighting fastening components. VIC reported sales of 27 million euros in 2013 generating profit before tax of 5.4 million euros. VIC recorded sales growth of 7% and 16.75% in 2011 and 2012 respectively.

An essential part of Trifast’s management growth strategy is to identify and selectively acquire profitable businesses, explained Malcolm Diamond, executive chairman: "This acquisition represents an excellent strategic fit for Trifast; VIC operates as a manufacturer of highly engineered parts mainly to the domestic appliance industry, plus early development into automotive lighting components. This capability will enable its trading arm, TR Fastenings, to offer a wider range of threaded fasteners manufactured within the enlarged group's facilities
to these industry sectors, which we consider to be strategic for TR's global aspirations."

"VIC has a young, experienced and motivated management team, led by Carlo Perini. Their focus and continued improvement on customisation has allowed the business not only to keep up with output markets' technological development, but also to often act as an innovator, reinforcing its competitive positioning."

Carlo Perini, who will remain with the business as managing director of VIC, commented: “The culture and ethos of the Trifast group of companies is very similar to our own and this step offers both companies an exciting opportunity to develop, exploiting the skills and leadership qualities of both VIC and TR.”