PennEngineering buys aerospace fastener company

  • 20-Jan-2009 02:18 EST

PennEngineering of Danboro, PA, recently announced the acquisition of 3V Fasteners Co. Inc. of Corona, CA. PennEngineering is a global leader in fastening solutions for electronics and industrial applications. 3V specializes in precision aerospace fastener products. Terms of the transaction between the two privately held companies were not disclosed. "While 3V will significantly enhance and advance our company’s position in the aerospace fastener market, PennEngineering’s technical capabilities and resources will contribute dynamic benefits enabling 3V to reinforce and build upon its established position in the industry,” said Mark Petty, President and Chief Executive Officer of PennEngineering. 3V Fasteners is a leading manufacturer of externally threaded aerospace fasteners and its products have approvals of the major global aircraft/aerospace OEMs, according to PennEngineering.

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