1999 FIN – Europe’s HMH Divisions Become Infast
July 9, 1999 FIN – Haden MacLellan Holdings plc combined its fastener manufacturing and distribution resources to create a new company, Infast.
HMH executive director Mike Thompson said Infast will provide services at every step in the supply chain, from initial design and precision manufacturing to lineside feed and inventory management, through a single point of contact.
“By concentrating the skills of the UK’s leading names in fastener manufacture and distribution into a single company, Infast can provide a totally integrated source for all fasteners and ‘C’ class components.” Thompson said.
Infast provides “operational efficiencies of dealing with a single company and the benefits which will accrue from our increased purchasing power,” he added.
“Industry’s demand for fewer suppliers, earlier involvement by key suppliers in the production planning process, plus stringent quality assurance and cost down pressures, has pointed to the need for greater focus and contribution to our customers’ business,” Thompson told FIN. “The launch of Infast will enable us to achieve just that.”
Infast customers include companies in the automotive , civil engineering, railroads, defense and aerospace industries.
Egham, England-based Haden MacLellan has been aggressively expanding, including the acquisition of MBS Distribution Limited last year.
Fastener investment banker Richard Hagan of New York-based Pinnacle Capital Corporation rated the MBS acquisition among the Top 10 fastener distribution deals of 1998 and the purchase of Philidas Group among the Top 10 fastener industry deals of 1997.
Philidas is a manufacturer of self-locking nuts, primarily for the European auto industry. It has a joint venture with Ohta Press Company Ltd. of Japan, Ohta-Philidas, which manufactures specialty nuts for the European market.
Thompson said combining the HMH fastener companied makes Infast “Europe’s single largest integrated manufacturer and distributor of fasteners and ‘C’ class components.” © 1999/2012 Fastener Industry News.
For information on permission to reuse or reprint this article please e-mail: FIN@GlobalFastenerNews.com
There are no comments at the moment, do you want to add one?
Write a comment