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FACIL Acquires Flexalloy in USA
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2011-09-15

Belgian-based FACIL has acquired Flexalloy, a distributor of fastening systems and provider of vendor managed inventory in the North American market.

FACIL was established in 1999 as a strategic alliance between German company KAMAX, specialist in developing and producing bolts and screws, and French company A. Raymond, specialist in the development of engineered metal and plastic fasteners. FACIL was founded to meet the demands of the car and truck industries to reduce complexity in all aspects of fastening technology from design to delivery.

Today FACIL is a full service provider embracing engineering, logistics, purchasing, procurement, and quality, supporting the assembly of more than 1 million trucks and cars annually. The company is headquartered in Genk, Belgium and has nine delivery locations and six development centres in seven Western European countries. FACIL employs 250 people.

Flexalloy was founded in 1967 as a family business by James Rayburn. In 1999 it was acquired by Textron and integrated with Textron Fastening Systems, which was acquired by Platinum Equity in 2006 and renamed Acument Global Technologies. Flexalloy has its headquarters and A2LA accredited laboratory in Twinsburg, Ohio, and operates four full service facilities across the United States and Mexico. Its main customer is Daimler Truck North America.

The acquisition of Flexalloy was said to fit perfectly FACIL's globalisation strategy. Post integration, FACIL-FLEXALLOY will provide more than twenty thousand different fasteners and handle three billion parts per year to a global customer base. Projected sales are US$400 million (276 million euros).

Rene Achten, CEO of Facil, commented: “The two company's joint capabilities will create a strong foundation for growth, organically and strategically, utilising significant expertise in the transportation sector."

James Smetham, director of Flexalloy, added: “Facil's acquisition of Flexalloy gives the business an ownership structure with a strong focus on growth coupled with proven success track record in the Full Service Provider arena.”
 

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