Penn Engineering Acquires Heyco® Products

Heyco Products Inc., an Assembly Fasteners Inc. vendor, recently announced that it has signed a purchase agreement to sell the company to PennEngineering.

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.