Shimtech Industries is pleased to announce the acquisition of Fastener Technology Corp. (FTC), a North Hollywood based supplier of high-strength specialty fasteners for commercial and military aerospace applications.
FTC was founded by Bulent Gulistan in 1979 and has built a strong reputation as an innovative and reliable supplier serving more than 400 customers. Some customer relationships span multiple decades, including those with Lockheed Martin, Click Bond, Northrop Grumman, Boeing, Raytheon, and Wesco. The existing management team, led by President Dennis Suedkamp, will continue to operate and grow the business, now aided by Shimtech’s additional group resources.
Shimtech is owned by Inflexion Private Equity and Auctus Industries. With headquarters in Santa Clarita (CA), its aerospace divisions include four manufacturing facilities in the US, three in Europe and one in Mexico. Their C-Class Components Division specializes in the manufacture of high-volume metallic and composite detailed components which are complementary with FTC’s fastener products. This Division includes such well-respected companies as Lamsco, Attewell, and Bolsan which, together with FTC, will continue providing high-quality, on-time components to the commercial and military aerospace markets.