Senco Brands, a manufacturer of pneumatic tools and collated fasteners for construction, woodworking and industrial applications, has been acquired by Kyocera Corp. and will operate as part of Kyocera’s Global Cutting Tool Division.
Senco employs nearly 600 associates worldwide and maintains operations in more than 15 global locations. Kyocera Corp. is a multinational ceramics, electronics and industrial cutting tool manufacturer headquartered in Kyoto, Japan.
“This is an exciting opportunity for our associates, customers and suppliers,” Ben Johansen, Senco’s CEO, said in a statement. “Kyocera has been expanding and investing globally within its Cutting Tool Division. We expect this acquisition to strengthen our new product development capabilities, bolster our ability to provide innovative fastening solutions to a wider range of customers and enhance our global distribution network.”