Bossard agrees to buy Arnold Industries
30 November 2016
Bossard Group has announced it is further expanding its presence into the north-eastof the United States by signing an agreement to acquire Arnold Industries.
Arnold generates US$40 million (€36.4 million) sales annually, supplying customers primarily in electronics, telecoms, medical technology and energy
sectors. The company is headquartered in Canton, Massachusetts, and has subsidiaries in Ireland and China. It employs around 100 people.
Bossard said: “With its outstanding product portfolio of premium fastening solutions, Arnold Industries fits perfectly into Bossard’s corporate strategy.”
Bossard has been pursuing a strategy to consolidate its market position in the USA for several years. The acquisition of Aero-Space Southwest Inc in
early 2015 was an important step in this direction; acquiring Arnold Industries extends this strategy. Bossard already has a presence in a number
of locations in North America, particularly in the Midwest (Iowa, Illinois), the south-east (Georgia, Tennessee), the south-west (Texas, Arizona)
and on the west coast (California, Washington). Bossard also has subsidiaries in Canada and Mexico.
Since its founding in 1968, Arnold Industries has continually furthered its expertise and services in the fastening technology sector. The acquisition
of Arnold Industries is ideal for reinforcing Bossard’s market position in a number of different industries, especially electronics and medical
technology, which are well represented in the New York and Boston metropolitan areas.
Arnold Industries is also a well recognised expert in the energy and telecommunications sectors. Its product portfolio includes a number of well known
brands, which Bossard also successfully sells in other markets.
Pending completion of the closing conditions, the purchase will be finalised by the end of the year. The parties have agreed not to disclose the sale
price.
