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SPRING 2013

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Distributor's Link Magazine Spring Issue 2013 / VOL 36 / NO.2

48 THE DISTRIBUTOR’S

48 THE DISTRIBUTOR’S LINK On November 30, 2012 The Bossard Group completed the acquisition of the KVT Fastening division, first announced on October 25, 2012. The Fastening division was previously part of the KVT Koenig Group. KVT Fastening – a renowned specialist for highquality, special fastening and sealing applications with market focus in Germanspeaking countries – employs around 230 employees in Germany, Switzerland, Austria and Central Eastern Europe and has a turnover of approximately CHF 120 million. The acquisition enables the Bossard Group to move closer to their strategic goal of continuing to drive profit growth globally and to enhance worldwide customer satisfaction. At the same time the Group will be able to reinforce their competency in the area of industrial fastening and benefit as a result from extending their product and services portfolio to an optimal level for their customers. In addition the strategic crosslinking of solid engineering expertise from both companies will create new possibilities for meeting the growing demand for customer-specific solutions and innovative fastening technology. For more info about the acquisition, contact Bossard North America at 6521 Production Drive, Cedar Falls, IA 50613. Tel: 319-277-5520, Email: investor@bossard.com or visit their website at www.bossard.com.

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