Hi-Tech Fasteners of Canada acquires Wesco Aircraft biz

Resource from: EPT Likes:185

Feb 29,2016

Hi-Tech Fasteners of Canada Inc., Mississauga ON, has purchased the industrial fastener business of Wesco Aircraft Canada. “We are very excited about the opportunity to further expand our presence throughout Canada,” says Tom Waller, president, Hi-Tech Fasteners. “The added personnel, resources and experience this acquisition brings will enable us to do an even better job of servicing the growing manufacturing base we see here. I further believe our aggressive inventory strategy fills a void, and offers us greater partnering opportunities with our new and existing customers.” In addition to the Mississauga warehouse, the acquisition will also give Hi-Tech Fasteners of Canada the opportunity to service western Canada with local inventory in British Columbia. “We are tripling the size of our Mississauga warehouse and will also capitalize on Wesco’s presence in Vancouver,” adds Steve Hill, sales manager, Hi-Tech Fasteners of Canada. “In addition to our experienced team here, we are adding some key individuals who understand the business, and more importantly, their customers.” Based in Frederick MD, Hi-Tech Fasteners Inc. is a factory authorized stocking distributor for dozens of leading engineered fastener, electronic hardware and mechanical component lines specified by the electronics, telecommunications, medical, computer, aerospace, instrumentation and other high-tech and commercial industries.

(EPT)

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