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Gubao
The Board of Trifast plc in the UK is pleased to announce the acquisition of North American specialist fastenings distributor, Falcon Fastening Solutions Inc. The acquisition represents the successful first step in Trifast`s acquisition led North America expansion strategy, and extends the Group`s global OEM customer base and presence in nonauto focus sectors. Falcon is an established, profitable specialist fastening business with a long-standing blue-chip customer base. The acquisition also opens growth opportunities for Falcon with Trifast`s global customers in key target states. The acquisition is expected to be earnings enhancing in the financial year ending March 31, 2022. Trifast plc has acquired Falcon for a total cash consideration of US$8.3 million on a cash free/debt free basis, which has been funded through the Group`s existing cash and financing facilities. Mark Belton, Trifast CEO says that the Carolinas in the USA are strategically important for Trifast where a number of its global OEMs have facilities. And the combination of Falcon and Trifast`s locations, experience, knowledge and skills will open significant opportunities to expand the service and portfolio offering to both existing and new customers."
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Privacy statement: Your privacy is very important to Us. Our company promises not to disclose your personal information to any external company with out your explicit permission.