Andaray (Holdings) Limited and its direct and indirect subsidiaries (Cooper & Turner) has announced the acquisition of Beck Industries, a manufacturer and distributor of fully certified, high-security bolting components.
The combined company aims to be the first truly global manufacturer of safety-critical fastening applications, supporting a broader range of industries – including renewable energy, downstream oil and gas, power generation, nuclear, rail, tunnelling, construction and heavy equipment, among others.
Established in France more than 100 years ago, Beck is now a global organisation with capabilities that complement and expand those of Cooper & Turner. As one entity, the company’s services span all key production processes, including hot and cold forming, heat treatment, CNC machining, thread rolling, robotics and automation. These collective capabilities and larger operational footprint enable the supply of world-class products and services from 17 strategically positioned facilities throughout Europe, North America, Asia and North Africa.
“We are excited to join the Cooper & Turner family,” stated Hugues Charbonnier, former Beck president, who together with his wife Karine Charbonnier, are selling Beck. Both remain on the management team as executive vice presidents of Cooper & Turner. “Our complementary technologies, facilities, services and product portfolios will form an unequalled platform to serve local and international clients.”
“Today’s acquisition strengthens our position as a seamless, one-stop shop for the highest-quality, mission-critical industrial fasteners,” stated Tony Brown, Group CEO and president, Cooper & Turner. “Supported by our partners at the Watermill Group, we see tremendous opportunity to accelerate innovation and growth within the global energy and infrastructure markets.”
Watermill managing partner and founder, Steven E. Karol, commented: “This is an ideal time for these companies to come together. Both are thriving and well positioned in their respective markets. We are looking forward to supporting the combined management team in capitalising on the inherent opportunities.”
Having held senior management roles in leading automotive and fastener businesses, Phil joined Fastener + Fixing Magazine as editor in 2002. Convinced there is no substitute for ‘being there’, over 17 years of visits and interviews around the world means he has accumulated an extraordinary knowledge and perspective of the global fastener industry, reflected in his incisive and thought provoking reporting.