Senco Brands announced the acquisition of Expandet A/S in Graested, Denmark, effective immediately.
“We are extremely pleased to be able to add Expandet to our portfolio,” Senco Brands CEO Ben Johansen said in a statement. “We look forward to what the company can provide our global business in terms of product diversification and alternative markets. Expandet has a qualified and deeply experienced organization that will be extremely valuable to our business long term.”
Established in 1955 by the Mortensen family, Expandet has been operated by Laus and Lene Mortensen, who took over the business from their father in 1983.
During the course of its 57-year history, the company has established itself as a manufacturer and marketer of fasteners for professional and do-it-yourself building applications throughout Europe, the Middle East and Africa.