Business

June 25, 2012

Precision Aerospace Components acquires FDMC

Precision Aerospace Components, Inc., a growing provider of fasteners and components to the military and aerospace industries under its Freundlich Supply and Tiger-Tight companies, has acquired the assets of Fastener Distribution and Marketing Company.

FDMC is the parent company of Aero-Missile Components, and Creative Assembly Systems.

AMC provides fasteners and other components to the military and aerospace industries; CAS provides fasteners, tooling and other products to the transportation, housing infrastructure and white goods markets.

“This transaction complements all four operating companies by providing access to greater combined resources serving a broader addressed market,” said Andrew Prince, president and CEO of Precision Aerospace Components. “I am excited about bringing these two management teams together to further the Company’s long term objectives.”

With this acquisition Precision Aerospace Components, Inc. and its subsidiaries Aero-Missile Components, Inc. and Freundlich Supply Company, Inc. and Creative Assembly Systems, Inc., will have operations throughout the United States, will provide a responsive and knowledgeable quality fastener solution to customer needs and provide the support to introduce the revolutionary Tiger-Tight locking washer – the domestically fabricated lock washer that really holds without loosening and does not destroy the surface material to which it is holding.




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