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 and engineering and differentiating supply chain solutions.
Francisco Terol, CEO at Fabory, comments: “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 at Importinox.
Importinox was founded by Antonio Cerejeira in Maia, in the North of Portugal, in 1988. Current co-owner and general manager Joaquim Polónia has developed the business which has a dual specialism in fasteners and perforated plating. Importinox offers a wide and broad assortment of specialised fasteners and perforated plates in combination with value added services, including product customization capabilities, and digital and logistics solutions.
Having spent a decade in the fastener industry experiencing every facet – from steel mills, fastener manufacturers, wholesalers, distributors, as well as machinery builders and plating + coating companies, Claire has developed an in-depth knowledge of all things fasteners.
Alongside visiting numerous companies, exhibitions and conferences around the world, Claire has also interviewed high profile figures – focusing on key topics impacting the sector and making sure readers stay up to date with the latest developments within the industry.