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PennEngineering® Enters Into Agreement to Acquire Heyco® Products Inc.
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2016-08-01
PennEngineering® has entered into an agreement to acquire Heyco® Products Inc. (Toms River, NJ, USA). The acquisition is expected to expand sales growth opportunities for both companies. Heyco Products will continue to operate as a separate company under the PennEngineering corporate umbrella. The Heyco brand will remain unaffected. Bill Jemison, President of Heyco, will continue to lead the company with the existing Heyco management team.
The acquisition will diversify the PennEngineering product portfolio by expanding into engineered plastic fasteners, components and wire protection products. Additionally, Heyco will benefit from the wide range of resources that PennEngineering can provide.”
Founded in 1926, Heyco Products designs and manufactures molded wire protection products, plastic fasteners, molded components and stamped electrical components to meet the needs of industrial, medical, transportation, alternative energy, lighting, and aerospace companies.
Founded in 1926, Heyco Products designs and manufactures molded wire protection products, plastic fasteners, molded components and stamped electrical components to meet the needs of industrial, medical, transportation, alternative energy, lighting, and aerospace companies.
