Technology Components Southwest LLC of Fort Worth has been acquired by EFC International, a St. Louis-based fastener distributor.
The acquisition sees EFC set the stage for similar acquisitions as it pursues regional and global expansion, market diversification and enhanced product-service offerings.
“EFC’s global footprint, differentiated value proposition, strong brand recognition and unique business strategy creates an exciting opportunity for our employees, customers, suppliers and business partners,” said Jimmy Brown and Tom Buddenbohn, partners with the Fort Worth firm, in a joint statement.
Technology Components Southwest formed in 2004 after acquiring the sales and distribution rights for Rivetnut Products in the Southwest region of the U.S. and Mexico border, including manufacturing operations in Mexico.
Since then, the firm has added several product lines. Its newly announced acquisition is expected to help expand TCS’ coverage in the Southwest region, boosting its ability to serve customers with local engineering support and inventory, according to EFC president-CEO Matt Dudenhoeffer.
“The newly combined entity will benefit from numerous synergies that will accelerate growth as well as strengthen the value we bring to both customers and suppliers throughout North America and globally,” Dudenhoeffer said.
EFC International began in 1983 by providing engineered fasteners and specialty components to the automotive, industrial and distribution marketplaces. More information is available at www.efc-intl.com.