Acquisitions · Power tools (fastening)
Kyocera buys Ohio pneumatic tool maker SENCO for ¥28.3 billion
- Buyer
- Kyocera (Kyoto)
- Target
- SENCO Holdings, Cincinnati, Ohio
- Value
- ¥28,312M cash
- Status
- Completed on August 7, 2017.
- Date
- 2017-06-29
Kyocera bought SENCO Holdings of Cincinnati, Ohio, a maker of nailers, staplers and other fastening tools, for ¥28,312 million in cash, according to its US SEC filing. Trade press had described the price as undisclosed.
Why it matters
The deal adds a US brand of professional fastening tools to Kyocera's industrial tool business and gives it a sales base in North America.
Sources
Kakehashi M&A News home
