DANBORO, PA, June 28, 2017 - PennEngineeringÂ® is pleased to announce the acquisition of WhitesellÂ® Formed Components, with operations in Waterford, Romulus and Novi, MI, and WhitesellÂ® Canada in Vaughan, Ontario, Canada.
Whitesell Formed Components, also known as FabriSteelÂ®, is a leading manufacturer of piercing, clinching, and riveting fasteners for the automotive market. â€śWe are excited to reunite a 40-year heritage between FabriSteel and PROFILÂ® and have both highly regarded product lines together in our portfolio,â€ť stated Mark Petty, CEO of PennEngineering. (PROFIL was some years ago the European division of FabriSteel.)
Whitesell Canada is a premier technical distributor of proprietary â€śdesign-inâ€ť print specific fasteners and components to the automotive and transportation markets throughout North America and will operate alongside Penn Engineeringâ€™s existing automotive â€śmake to printâ€ť business.
The acquired businesses will join the existing PennEngineering brands and operate under the PENNAutomotiveâ„˘ division offering automotive OEMs a wide range of mission-critical solutions.
â€śThe acquisition of these outstanding businesses under the PENNAutomotive banner is a key step by PennEngineering in the evolution of our Mechanically Attached Fasteners offering in North America for our automotive and transportation customers, and continues our intense focus on engineered products for assembly,â€ť stated Chris Marx, PennEngineering Chief Commercial Officer.
â€śWhile the Whitesell Group rarely has divested any of its businesses in its 46-year history, these two companies shared a unique long-term alignment with PENNAutomotive, making it an ideal opportunity for the future of those companies and their employees. The Whitesell Group remains committed and active in its long-term aggressive growth and diversification strategy both organically and through strategic acquisition,â€ť stated Neil L. Whitesell, Chairman and Chief Executive Officer of the Whitesell Group of companies.
Founded in 1920, FabriSteel Products was acquired by the Whitesell Group in 2004 from CVC Partners. Then and today, these highly engineered fasteners and installation systems are specified by Tier 1 and OEM automotive companies worldwide. Their pierce, clinch, and riveting technologies provide structurally sound, threaded attachment points for the most demanding applications at the lowest installed costs.
Whitesell Canada is a premier North American supplier of engineered fasteners and complex production components also serving OEM and Tier 1 automotive companies, as well as general industrial market customers.
Founded in 1942, PennEngineering is the global leader in the development and manufacture of precision fasteners, components and installation systems for thin sheet attachment solutions, structural automotive fasteners and cable management systems. With globally recognized brands including PEMÂ®, microPEMÂ®, PEMSERTERÂ®, PENNAutomotiveâ„˘, PROFILÂ®, PennAutoâ„˘, AtlasÂ®, and HEYCOÂ®, the company provides design and product solutions worldwide for diverse industries, including electronics, data/telecom, medical, automotive, solar, appliance, and metal fabrication. The company operates design sales, service and manufacturing facilities in North America, Europe, and Asia.
For more information, contact
Leon M. Attarian,
5190 Old Easton Road,
Danboro, PA 18916-1000 USA.
Phones: +1-800-237-4736 (toll-free in the U.S.) and +1-215-766-8853.