Wow, it’s January 15 and already there have been several announcements. Just this morning, I received an update from Global Fastener News that Keller & Kalmbach out of Germany acquired Infinity Fasteners headquartered out of Lenexa, Kansas. Earlier this week I heard that EFC acquired Technology Components Southwest which now gives EFC a location in Dallas. Cable Tie Express announced an equity investment by Roman Capital. Tony Van Hoozer and Char Cooper will continue to lead the company, but it’s still a bit of a shift from the previous set up. Finally, and this reached back to last year a bit, G.L. Huyett acquired Precision Specialties which was a Tinnerman and AVK stocking distributor.
In some regards, each of these transactions might not be earth shattering news in the marketplace, but I think each one is significant. Certainly, a couple of these moves will change the Tinnerman marketplace. And Infinity has a footprint in several states, not just Kansas.
So, welcome to 2016. Let’s see what else pops up in the coming weeks and months.