Torqx Capital Partners acquires Fabory, specialist in fasteners
Torqx Capital Partners (“Torqx”) is pleased to announce that it has reached an agreement with W.W. Grainger Inc. (“Grainger”) with regards to the acquisition of 100% of the shares of Fabory and its subsidiaries (“Fabory” or “the Company”). Fabory is a leading specialist supplier of fastener solutions and fastener related products in the Benelux and offers a broad, high quality assortment to customers across Europe. The transaction is still subject to the standard regulatory approvals.
Torqx will support Fabory in strengthening its position as specialist fastener supplier by further investing in deep product- and application expertise, in smart value-added services for its OEM and MRO customers, and in an efficient and high-quality supply chain.
Harmen Geerts, Managing Partner of Torqx, comments: “Based on our extensive experience and strong track record with technical distribution businesses, we see a strong fit between Fabory and Torqx. We can help the company to strengthen its position as leading fastener specialist in its core markets and achieve its full potential.”
Fabory is a leading specialist supplier of fasteners and fastener related products in the Benelux with a pan-European presence. Fabory sources a broad assortment of high quality and mission-critical fasteners from suppliers worldwide and distributes to over 60,000 customers throughout Europe. Its client base ranks from blue chip to SME across various end markets, including machine building, electrical appliances, automotive and construction. With its broad one-stop-shop offering of over 400,000 products, Fabory combines a deep technical knowledge with smart inventory management solutions and a high degree of availability to provide its customers with efficient and convenient fastener related solutions. Fabory employs c. 1,100 FTE. For more information please visit www.fabory.com.