Penn Engineering Acquires Heyco® Products
Well-known for the design and manufacture of molded wire protection products and stamped electrical components, Heyco will be a strong addition to PennEngineering, a global leader in the fastening industry with an expanding product line of self-clinching fasteners. This acquisition will strengthen PennEngineering’s global impact in the market by introducing international clients to the advantages of Heyco products.
The sale, which is not expected to affect Heyco’s operations, facilities, or employees, is scheduled for completion by the end of September 2016. We are confident this acquisition will be beneficial to both companies and look forward to working with them in the future.