Titanox expands in Turkey through acquisition 25 April 2017

Titanox Fastening Technologies has successfully completed the acquisition of Turkish fastening distributor Boztaş Bursa.

Titanox has decades of experience in fastening technology. Since 1975 it has focused on the distribution of fastening solutions and holds a leading position in the French market. Since 2008 the Fodor Industrie Group, the holding company of Titanox Fastening Technologies, has developed in international markets through its subsidiaries based in China and in India. The strategic acquisition of the Turkish company Boztaş Bursa will strengthen the Fodor Industrie international footprint – adding significant value to Group members and customers.

Boztaş Bursa is a distribution company based in Bursa, the biggest industrial city of Turkey. Bursa has a very strong automotive base through OEMs and first and second tier suppliers and Boztaş Bursa has developed a strong business in this field. Boztaş Bursa also serves various other markets including construction, electronics, petrochemicals, turbine and furniture. Titanox technical expertise combined with Boztaş Bursa experience and introductions will enhance the Fodor Industrie Group global offer.

Titanox sees the acquisition of Boztaş Bursa as a significant accomplishment for the Group, which marks the continuity of the Titanox expansion policy in the global market of fastening technology. Boztaş Bursa will be renamed Titanox Turkey. It will expand in Turkey through its own proprietary RIVELIT® brand. It will also sell various assembly technologies such as riveting, welding, self-clinching, access solutions, custom designed parts and standard/customised fastening solutions.

www.rivelit.com


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