Senco makes European acquisition
Cincinnati-based Senco Brands announced the purchase of Expandet A/S, Graested, a Denmark manufacturer of premium-quality fasteners for professional and do-it-yourself building applications throughout Europe, the Middle East and Africa.
Established in 1955 by the Mortensen family, Expandet has been operated by Laus and Lene Mortensen, who took over the business from their father in 1983. The Expandet business will report directly to Peter van der Wel, president of Senco Brands International.
“We look forward to what the company can provide our global business in terms of product diversification and alternative markets,” said Senco Brands CEO Ben Johansen. “Expandet has a qualified and deeply experienced organization that will be extremely valuable to our business long term.”