Korean Jinhap Acquires U.S. Semblex

TS16949, ISO9001 and ISO14001 certified automotive, commercial fasteners and cold-headed components manufacturer, Semblex, announced days ago that it has been acquired by South Korean fasteners, cold-formed, machined special products, and brake hose fittings supplier Jinhap. The acquisition was completed on Feb. 3rd, 2014. With 1,200 employees, Jinhaps’ annual revenue is about USD425 million. Jinhap has four plants in South Korea and 2 plants in China (expanding to 4 in 2014) and has been allowed to produce Delta PT®, TAPTITE 2000®, TORX PLUS® Drive System and MAThread® value-added fasteners. The transition of the ownership to Jinhap is believed to bring long-term stability to Semblex. The current operation and the maintenance of customer relationships of Semblex will not be affected.