MNP Acquires General Fasteners
MNP Acquires General Fasteners
John Wolz
MNP Corporation acquired General Fasteners Company with several individuals affiliated with MNP acquiring a majority of General Fasteners stock.
Livonia, MI-based General Fasteners distributes fasteners and industrial products, and provides value-added services to multiple industries worldwide.
The agreement culminates several years of cooperative business interests between the two companies. In 1999 MNP and General Fasteners acquired the former Stelco Fasteners, which became GenFast Manufacturing. The Canadian GenFast manufactures automotive fasteners.
This agreement creates a strategic initiative between General Fasteners Company, MNP and GenFast Manufacturing to provide design and engineering, manufacturing and distribution services to customers. General Fasteners will provide global sourcing and inventory management.
GenFast executive vice president and general manager Terry Campbell is adding similar duties at General Fasteners during the transition.
Branford, Ontario-based GenFast manufactures bolts, screws, and solid steel rivets for automotive and industrial applications. GenFast has added SEMS, roll thread after heat treat and parts forming capabilities.
Utica, MI-base MNP manufactures fasteners and processes wire and rod for fastener manufacturers. Web: mnp.com �2002 FastenerNews.com
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