TGM Industrial Group is pleased to announce its purchase of Union Fasteners Limited, one of the premier manufacturers and distributors of specialist industrial fasteners located in the UK.

Union Fasteners becomes the third industrial fastener company within the TGM Group alongside RCF Bolt & Nut Co (Tipton) and G.S.S. Fasteners, which TGM acquired in March 2020.

Based in Darlaston in the West Midlands, Union has been providing a wide range of nuts, bolts, washers, and related products for over 40 years to various key industrial sectors, including oil & gas, petrochemical, defence and construction.

Adrian Garrett, who has been working in the fastener business for 34 years, including 24 years with RCF & GSS, will assume the role of Managing Director for the three integrated business units.

Mr. Garrett said, “the acquisition of Union will allow the TGM fastener group to become a major player in the fastener industry serving the UK and European markets. Union has an excellent reputation for providing high quality products with a quick turnaround to customers across the UK and EU, supported by a high calibre professional staff.

TGM co-founder Eric Kolodner added: “the Union acquisition reflects the strategy we have been pursuing over the past five years to acquire synergistic SME businesses with niche manufacturing and precision engineering expertise and brings our aggregate annual revenue to almost £25m.

“We will implement the acquisition consistent with our traditional approach of maintaining the location of the business, retaining all members of staff, offering training opportunities to key staff, introducing innovation to the business including digital marketing initiatives and investing in new equipment. This approach ensures a smooth transition that benefits all constituents of the acquired business, including staff, customers, suppliers, and the outgoing seller-managers, as TGM focuses on the continuity, stability and growth of the business.

TGM co-founder Jon Frewin noted: “while the precision engineering and industrial manufacturing sectors have experienced head winds over the past couple years, with continued short-term uncertainties, we remain very optimistic about the future of UK SMEs operating in these sectors.

“The Union acquisition was supported by James Clinghan of Trusted Business Partner Ltd, who provided corporate finance assistance to TGM and by Greg Barker of Strategic Corporate Finance, who provided corresponding advice to the sellers.