MW Components, a renowned provider of precision components, has officially announced its acquisition of Elgin Fastener Group, a specialized manufacturer of fasteners. This strategic acquisition was successfully completed on September 8, 2023, significantly expanding MW Components' existing network of US-based manufacturing facilities and enhancing its ability to supply fasteners and metal components to a global market.

With this merger, the combined entity will offer the most comprehensive range of specialty fasteners in the industry, encompassing a wide array of custom fasteners such as nuts, bolts, rivets, screws, and more, in addition to an extensive catalog of readily available in-stock components.

Simon Newman, CEO of MW Components, highlighted the strategic significance of this acquisition, stating, "Elgin Fastener Group is uniquely positioned to enhance MW Components' portfolio of brands. Together, we emerge as one of the largest fastener suppliers in the United States, presenting a diverse product range that includes highly-engineered custom fasteners and a vast inventory of readily accessible parts suitable for various industries."

Elgin Fastener Group, boasting seven locations and a comprehensive product range spanning from fasteners to wire forms, holds the distinction of being the largest single-source supplier of specialty fasteners. The amalgamation of these two companies will bolster their ability to serve customers not only across the United States but also in more than 75 countries. Their product offerings will extend beyond fasteners to encompass a wide spectrum of metal components, including springs, bellows, couplings, shims, and more.

This consolidation of capabilities positions MW Components to provide the highest quality custom manufacturing services to a global customer base, reaffirming their commitment to delivering precision components and fasteners of the utmost quality and reliability.

 

Source: prnewswire.com

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