Torqx Capital Partners Acquires Fabory, Specialist in Fasteners
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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.”