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PennEngineering® announced that it has successfully completed the previously announced acquisition of Heyco® Products.

Heyco Products will continue to operate as a separate company under the PennEngineering corporate umbrella as the foundation of the new “Engineered Plastics” platform. The highly regarded Heyco brand will remain unaffected. Bill Jemison, President of Heyco, will continue to lead the company with the existing Heyco management team.

The acquisition is expected to expand opportunities for both companies. With strong global presence and existing customer and sales channel relationships, PennEngineering is well positioned to accelerate Heyco’s growth in Europe and Asia. The combined product offerings and global sales and operating platform will provide current and new end-users worldwide with the leading offering of metal and plastic component assembly solutions.

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