SFS Group Acquires Triangle Fastener Corporation
SFS Group acquires Triangle Fastener Corporation (TFC). TFC, with headquarters in Pittsburgh, USA, is a leading provider of fasteners and other products for the commercial construction industry. TFC produced sales of more than $ 70 million in 2018 and has approximately 200 employees. Thanks to this acquisition, SFS will be able to expand access to the market and its customers in the American building sector.
TFC was founded in 1977 and supplies end-users in the commercial construction industry with a comprehensive assortment of customer-specific fasteners, as well as other application solutions. TFC sells its products to roughly 6,000 active customers through 23 separate branch locations in 15 states, and is one of the leading suppliers in the Eastern United States.
TFC will operate as a part of the Construction division within the Fastening Systems segment. The company will be led by the existing management, thus ensuring its continuity.