ParkOhio has acquired Heads & All Threads Ltd (HAT), headquartered in Birmingham.
HAT, founded in 1986, is a European supplier of supply chain management services and has operations in the UK, Czech Republic, Poland, and India. HAT specialises in developing vendor-managed inventory programs of fasteners, machined parts, and other C-class components to many end markets, including construction, automotive and various EMS markets.
Edward F. Crawford, Chairman and CEO, stated: “The strategic acquisition of Heads & All Threads, with annual revenues of approximately $35 million, will immediately be accretive to earnings. HAT has an impressive history of sales growth and will strengthen our market position for supply chain management services.”
ParkOhio is a diversified international company providing world-class customers with a supply chain management outsourcing service, capital equipment used on their production lines, and manufactured components used to assemble their products.
Headquartered in Cleveland, Ohio, ParkOhio operates 63 manufacturing sites and 65 supply chain logistics facilities, through three reportable segments: Supply Technologies, Assembly Components and Engineered Products.