Kyocera Buys Senco, U.S.-based Manufacturer of Fastening Tools and Fasteners
KYOTO, JAPAN — Kyocera Corporation acquired 100% ownership of fastener and tool manufacturer Senco Holdings Inc., based in Cincinnati, OH, as of Aug. 7. The enterprise has been renamed Kyocera Senco Industrial Tools, Inc.
Senco, established in 1948, is a leader in creating fasteners and power fastening tools for residential, commercial, manufacturing and construction applications. Senco's product line includes pneumatic and electric nailers, staplers, screw systems and compressors, as well as nails, staples, screws and specialty fasteners. Its manufacturing and marketing are concentrated in the U.S. and Europe, with products sold in more than 40 countries worldwide.
Kyocera entered the industrial tools market in the 1970s with a line of high-speed metal processing tools, and has steadily expanded into precision tools for electronics, aerospace, automotive, medical and woodworking applications. Kyocera’s 2011 acquisition of the Unimerco Group in Europe (now Kyocera Unimerco) added a fastening tool product line that promises excellent synergies with SENCO’s longstanding expertise in the fastening tools and fasteners market. With the acquisition of SENCO, Kyocera plans to increase its sales of fastening tools and fasteners to JPY40 billion (about $361 million) by the fiscal year ending March 31, 2021.
For more information, visit global.kyocera.com.