DANBORO, PA — PennEngineering® has announced its recent acquisition of Sherex® Fastening Solutions, a global leader in the design, manufacture, and installation of blind rivet nuts. The deal is expected to consolidate PennEngineering’s position as a premier provider of fastening solutions worldwide.
Based in Buffalo, New York, Sherex has carved out a niche for itself as a top-tier technical provider of blind rivet nuts. Its strong application expertise, global production capabilities, and robust growth trajectory have placed it at the forefront of the industry. Known for their innovative approach to business, Sherex has built an impressive reputation through technical solutions selling, offering total installed cost solutions and industry-leading rivet nut capabilities.
PennEngineering CEO Pete George expressed his excitement about the acquisition, stating, “When combined with our ATLAS® rivet nut brand, the Sherex acquisition positions the company to be the premier provider of rivet nuts worldwide.” He stressed that Sherex’s entrepreneurial spirit and technical acumen would complement PennEngineering’s broader capabilities and ATLAS product line.
The collaboration between PennEngineering and Sherex is expected to strengthen the ability to quickly deliver innovative, high-quality fastening solutions to customers globally. This move is expected to have significant implications for the fastening industry, potentially setting new standards for quality and efficiency in the market.
Adam Pratt, the President of Sherex, will assume the role of President of both Sherex and ATLAS. He expressed optimism about the partnership, stating that teaming up with PennEngineering would enhance Sherex’s global manufacturing capability, meeting customer demands worldwide. He added, “Our long-standing customer relationships, combined with the reputation and history of PennEngineering, will allow us to continue to provide enhanced value to our customers.”
For industry insiders, this acquisition underscores the potential for consolidation in the fastening industry, with larger firms like PennEngineering leveraging acquisitions to broaden their product portfolios and expand their global reach. As businesses continue to demand more efficient and innovative fastening solutions, the coupling of PennEngineering and Sherex is a development worth watching.
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