Fabory has announced that it has reached an agreement to acquire the fastener division of Importinox. The acquisition further strengthens Fabory’s position as fastener specialist in Portugal and the broader Iberia region.
The strong strategic fit between both companies enables a stronger and more relevant proposition, building further on the deep and relevant range of specialist fasteners, quality & engineering and differentiating supply chain solutions.
Francisco Terol, CEO Fabory said: “We are proud to welcome the Importinox fastener specialists to Fabory. We are highly impressed by Importinox’s longstanding client relationships and solid value adding services. Finalizing this deal will make Fabory the market leader in the Portuguese fasteners market and we are looking to further build our positioning across Iberia.”
“Fabory is well positioned to further grow the fasteners division starting from our solid base of over 1,000 accounts in amongst others mechanical engineering and construction market. Our market focus is highly accretive, and we are convinced that joining forces will open up many new opportunities” adds Joaquim Polónia, General Manager Importinox.
