The Bossard Group has taken over Linquan Precision Co. Ltd., Suzhou, which has annual sales of around CHF 8 million and employs 28 people. Bossard says the acquisition strengthens its position in the applications for ultra-thin and ultra-light sheet metal fastenings.
Bossard already has a substantial presence in the Chinese market with twelve sites and some 280 employees. This acquisition complements the product range with fastening solutions for application in demanding industries. Linquan Precision services customers in electronics, tele- and data-communication, automotive, as well as medical equipment sectors.
Bossard says this orientation toward demanding industries corresponds with the Group’s strategy of focusing increasingly on high-quality engineered and branded products, reflected in other acquisitions over the last few years. For Bossard, this latest acquisition not only consolidates its market position in one of the world’s most important economies but also strengthens its longstanding business relationship with PennEngineering (PEM).
Terms of the acquisition were not disclosed.
Having held senior management roles in leading automotive and fastener businesses, Phil joined Fastener + Fixing Magazine as editor in 2002. Convinced there is no substitute for ‘being there’, over 15 years of visits and interviews around the world means he has accumulated an extraordinary knowledge and perspective of the global fastener industry, reflected in his incisive and thought provoking reporting.