Senco acquires New Zealand’s Timbalok
Senco Brands has acquired Timbalok Fasteners, its principal New Zealand distributor, for an undisclosed amount.
“We are particularly excited about the opportunities Timbalok can bring to our company,” said Senco CEO Ben Johansen. “Founded by managing director Mark Glidden with the support of outside investors, Timbalok has been very successful in establishing itself as an industry expert in both the professional and industrial end markets. The breadth of industry knowledge Mark and his team bring to us will be a valuable addition to Senco in the region.”
Glidden and his team will report directly to Peter van der Wel, president of Senco International. Glidden’s extensive experience in power fastening include serving as retail manager for PDI Electrical and as general manager of Velux Asia Pacific, ITW, NWZ, Nylex NWZ and Placemakers NWZ.
Senco Brands manufactures a broad line of air-, battery- and gas-powered tools, including nailers, staplers and screw guns for professionals involved in wood-to-wood construction, remodeling and a variety of industrial applications.