ToolSelect interested in Senco-Expandet acquisition
Senco has acquired Danish firm Expandet.
Expandet A/S of Denmark has been acquired by Senco.
Following business negotiations between the enterprises, chief
executive officer of Senco Brands Ben Johansen said his firm is
looking forwards to finding out how the deal can enhance its
international business dealings "in terms of product
diversification and alternative markets".
He described Expandet, which was first set up in 1995, as a
"qualified and deeply-experienced organisation", predicting that in
the long-term, the newly-acquired firm will be "extremely valuable"
Members of the ToolSelect community have been discussing the
tie-up, with director of excitement Gerry Barnaby claiming it will
be "fun to see" the impact the acquisition will have.
Senco manufactures gas, battery and air-powered tools, including
screw-guns, staplers and nailers, with its items available in at
least 40 countries, while Expandet delivers fasteners throughout
Africa, the Middle East and Europe.
ToolSelect's community members include novices and experienced
tradesmen, who debate tools, trade tips and compare notes with each
Posted by Ron Maverick
Source: ToolSelect press release, September 3rd