Penn Engineering buys plastic fastener maker Heyco

The US-based fasteners specialist Penn Engineering has acquired Heyco Products Inc, a designer and manufacturer of moulded wire protection products, plastic fasteners, moulded components and stamped electrical components to meet the needs of industrial, medical, appliance, transportation, alternative energy, lighting, and aerospace companies.

Heyco Products will continue to operate as a separate company under the Penn Engineering corporate umbrella. The highly regarded Heyco brand will remain unaffected. Bill Jemison, president of Heyco, will continue to lead the company with the existing Heyco management team. He will report to Mark Petty, CEO of Penn Engineering.

“Penn Engineering and Heyco share a common culture of solid brand recognition and quality engineered products, with a strong R&D and customer service focus. This will allow for a seamless transition. The acquisition will diversify the Penn Engineering product portfolio by expanding into engineered plastic fasteners, components and wire protection products. Additionally, Heyco will benefit from the wide range of resources that Penn Engineering can provide,” said Petty.